11/04/2020
Basel Committee reports to G20 Leaders on Basel III implementation
The Committee further notes that most Basel Framework-related measures taken by its members in response to Covid-19 have been capital or liquidity-related
Legal, Regulation & Compliance
11/04/2020
Key differences between Jersey and English commercial property transactions
The parties either appear personally before the Royal Court or appoint an attorney or authorised representative to appear on behalf of themselves or their company.
11/04/2020
Advisers acknowledge bias towards mutual funds - the lang cat research
lang cat research
11/04/2020
Connecting impact investors with social enterprises: the European Social Innovation and Impact Fund launches after a successful first closing
Potential professional and semi-professional investors in Germany have the choice between a senior and a junior tranche with different risk-return profiles.
11/04/2020
FCA gives go ahead to adviser platform buyout
The deal will facilitate the development of Wealthtime’s proprietary platform technology to improve the adviser experience and upgrade its functionality.
11/03/2020
FCA announces further proposals to support mortgage borrowers impacted by coronavirus
The FCA is proposing to extend the availability of payment deferrals to support borrowers who are experiencing payment difficulties because of coronavirus.
11/03/2020
FCA writes to 55 firms over misleading financial promotions
No enforcement action has been taken but the UK watchdog has a ‘number of ongoing investigations’
11/03/2020
Bulgaria's golden passports scheme fails to attract investors
Bulgaria's golden passport scheme has failed to attract foreign investment in the country as, in the past eight years, only 98 foreigners bought Bulgarian passports.
11/03/2020
FCA: Call for Input on the Woolard Review
The FCA states that borrowers who can afford to do so should continue to make repayments, but will propose extensions to payment deferral applications.
11/03/2020
Britain extends payment freeze to coronavirus-hit borrowers
Borrowers who have already had one deferral would be able to apply for a second, the FCA said.
11/03/2020
Maltese wealth firm appeals €1.2m fine
Company says that it is ‘undoubtedly disproportionate to the alleged breaches’
11/03/2020
Boris Johnson announces fresh help for self-employed during second lockdown
The PM says support for the self-employed will be boosted ahead of the new month-long lockdown, to reflect the furlough extension.
11/03/2020
UK post-Brexit reform: Financial Services Bill introduced
The FS Bill proposes certain measures, a number of which are aimed at avoiding functional issues with rules introduced during the UK’s membership of the EU
11/03/2020
Financial Regulation Update
The BCBS expects full, timely and consistent implementation of all Basel III standards based on the revised timeline endorsed by the BCBS's oversight body, the Group of Governors and Heads of Supervision (GHOS), in March 2020.
11/03/2020
FCA announces changes to open banking identification requirements
The FCA has announced changes to limit the risk of disruption to open banking services after Brexit.
11/03/2020
German supervisory regime lambasted over Wirecard collapse
Wirecard was a rising blue chip star before its collapse following the discovery of a gaping €1.9 billion hole in its balance sheet and regulatory bodies appeared at times to be more interested in defending the firm against a rising tide of allegatio
11/02/2020
Lombard Bank fined €340,000 by FIAU over money laundering shortcomings
FIAU finds low level of risk assessment and enhanced due diligence for PEP and voluminous transactions at Lombard Bank
11/02/2020
Swiss authority approves Russian bank’s application to introduce a crypto-money deposit service.
Custody of crypto money will allow citizens to buy or sell their digital assets through Gazprombank.
11/01/2020
French succession planning
The applicable governing law applies only for succession purposes and does not affect how an estate is taxed
11/01/2020
Irish Finance Bill 2020-Key Developments for Irish and International Business
The Irish Finance Bill 2020 has now been published and contains the legislation to implement the Irish Budget measures of 13 October 2020 and also certain new measures.