05/05/2021
FCA's watchdog criticises regulator in Keydata saga
In each case Somal said the FCA should issue an apology “at the highest level” for the inadequacies identified in the FSA’s supervision of Keydata.
Legal, Regulation & Compliance
05/05/2021
Seward & Kissel represents Kennedy Lewis on strategic partnership with York Capital Management
The firm is ranked as Highly Regarded for Corporate/M&A by Chambers USA
05/05/2021
Special purpose acquisition companies: a more flexible approach under the Listing Rules
Other jurisdictions, notably the US, have recently seen evolution and significant growth in this sector, with larger-scale SPACs
05/05/2021
Dentons named ‘Best Law Firm in CEE-CIS’ in Europe Banking Awards
The annual awards, now in their 13th year, highlight Europe‘s best commercial and investment banks, brokers and asset managers, as well as their advisors.
05/05/2021
Financial Regulation: Daily Update
The PRA has published a speech on mutual interests, delivered by its CEO, Sam Woods
05/04/2021
Exim Bank’s Greensill deal raises questions over due diligence
Agreement completed just months before the UK supply-chain finance group collapsed
05/04/2021
Established commercial law firm to be acquired for £11.54m
The acquisition of Keebles strengthens Knights’ presence in Yorkshire, in line with the Group's strategy to accelerate its organic growth through carefully targeted acquisitions which are a strong cultural fit.
05/04/2021
DNB to Be Fined $48.1 Million for Anti-Money-Laundering Inadequacies
DNB said it acknowledged that there were shortcomings related to customer due diligence in the Samherji case, but said it has done a great deal of work on reviewing the customer portfolio since the case.
05/04/2021
French legal complaint targets Lebanon's central bank chief
Riad Salameh has been accused of fraudulently amassing a large fortune in Europe
05/04/2021
Allen & Overy advises on EIB’s first digital bond issuance on a public blockchain
The EUR100 million two-year bond, placed with key market investors, represents the market’s first multi dealer led, primary issuance of digitally native tokens using public blockchain technology.
05/04/2021
FCA to require pension providers to offer to book Pension Wise appointments for consumers
The FCA’s proposals mean consumers will be given a further opportunity to take Pension Wise guidance
05/04/2021
Providing Clarity for Green Financing
The market for climate and socially conscious investment has huge potential, with investment in ESG-oriented funds topping US$1 trillion this year.
05/04/2021
Financial Regulation: Daily Update
The call for evidence aims to give stakeholders and market participants an opportunity to provide their input ahead of the publication of a consultation paper on digital assets, which will make proposals for law reform.
05/03/2021
Germany orders Deutsche Bank to do more to prevent money laundering
Deutsche Bank said in a statement that it was improving its controls but “we are also aware that there is still work to be done.”
05/03/2021
Ashurst advises Credit Suisse and Patrimonium
The Ashurst team was led by partner Anne Grewlich.
05/03/2021
Malta: Sliema-based online bank fined €360,000 by FIAU
Some of the bank’s customers had previously been arrested for forgery
05/03/2021
Europe’s largest banks plan joint attack on US payments giants
More than 30 lenders designing rival to take on PayPal, Mastercard, Visa and Apple
04/30/2021
Chanel and the University of Cambridge announce a new partnership to focus on sustainability solutions and leadership
Professional development on sustainability topics is critical to drive change and this is mirrored by the widespread appetite among Chanel employees to learn more about these subjects.
04/30/2021
RBS owner headquarters would move to London in event of Scottish independence, boss says
RBS, which is owned by NatWest, is a major employer in Scotland
04/30/2021
Supreme Court appeal lodged over Carey Pensions case
The decision clearly places the risk that an unregulated introducer is carrying out regulated activities onto the provider that receives the referral, even if the provider is unaware that a regulated activity is being carried out and where the client take