02/05/2021
Differences in rights do not necessarily fracture a class
The scheme provided creditors with four options, each provided a better return than in the event of the Company’s liquidation.
Legal, Regulation & Compliance
02/05/2021
FCA hit by 80,000 malicious emails every month
This news arrives less than a year after the FCA was criticised for accidentally revealing personal information of about 1,600 people in February 2020.
02/05/2021
Ireland Update: Strategy on Remote Working Strives to Keep Up
The Remote Working Strategy confirms the Government’s intention to legislate for employees to have a right to request remote working.
02/05/2021
FCA report outlines practices firms can consider to reduce failed technology changes
Financial services technology is constantly updated, but when firms implement changes they don’t always go to plan.
02/05/2021
UK directors face new liability demands under major audit reform
Far-reaching overhaul of corporate governance set to be unveiled in long-awaited white paper
02/04/2021
HMRC awards Open Banking contract to Ecospend
Under the new systems, payments will be sent directly from a payer’s bank account, using validated HMRC details to address the problems with fat finger errors.
02/04/2021
Many UK companies report trade hassles from Brexit shift: HSBC
More than a quarter of the companies reporting an impact cited increased time spent on bureaucracy, HSBC said.
02/04/2021
FCA secures interim restitution order against five individuals
The proceedings against the other two defendants continue.
02/04/2021
FCA sets out its approach to international firms
The FCA today published its approach to the authorisation and supervision of international firms.
02/04/2021
Commission disburses €14 billion under SURE to nine Member States
Today's disbursements follow the issuance of the fourth social bond under the EU SURE instrument, which attracted a considerable interest by investors.
02/04/2021
Social network activities and their legal implications in the EU: Defamation and data protection
Moreover, the court held that this particular communication method has the ability to reach an indefinite number of people and regards subjects present on a specific virtual platform for the purpose of constant socialisation.
02/04/2021
Maples Group Supports Major Investment Banks On Landmark Luxembourg Securitisation
The Initial Purchasers purchased notes issued by a Luxembourg special purpose vehicle for the principal amount of US$500 million.
02/04/2021
Leading Guernsey fintech business becomes regulated
The regulation supports The ID Register’s single-sign-off service for investors, funds and service providers alike.
02/04/2021
Bank of England says banks need 6 months for any sub-zero rates
“Nobody should take any signal from this,” Governor Andrew Bailey told a news conference.
02/03/2021
Ecospend secures HMRC’s £3m open banking contract
Winning the government’s largest open banking contract to-date.
02/03/2021
Germany strengthens foreign investment controls
Foreign direct investments in these areas will then have to be notified to the BMWi and may not be conducted until the ministry has finished the review.
02/03/2021
Esma calls for post-trade experts to join consultative group
It is also expected to assist the PTSC in assessing the potential impact of proposed technical standards and guidance.
02/03/2021
Federated Hermes wins private-client voting mandate
EOS votes on $1.28 trillion of client assets.
02/02/2021
Financial Regulation: Daily Update
There is also an option to participate in a team or as an observer in a related US sprint, led by the Alliance for Innovative Regulation, further information on which is available on the webpage.
02/02/2021
EU says in appeal that Apple tax ruling was 'contradictory'
In an online summary of the appeal posted online, the EU said the court's decision “constitutes contradictory reasoning”