12/21/2020
FCA introduces rule to enhance climate-related disclosures
The rule will apply for accounting periods beginning on or after 1 January 2021
Legal, Regulation & Compliance
12/21/2020
FCA fines Charles Schwab £9m for safeguarding failures
Charles Schwab UK failed to get the correct permissions from the FCA; then failed to be open with us and, finally, failed to put in place the necessary safeguards to ensure, if required, there could be an orderly return of client assets.
12/21/2020
Regulation alone will not strengthen Europe’s digital sector
The EU needs more risk-taking capital and reformed product markets
12/18/2020
Israeli Billionaire Steinmetz Sentenced to Five Years by Romania's Top Court for Bribery
Steinmetz, along with Israeli media consultant Tal Silberstein, was given a five-year sentence, overturning a lower court decision to acquit both in 2019
12/18/2020
The EU's Data Governance Act just part of data sharing puzzle
Companies across Europe will be hoping that EU law makers address the risk of confusion and unnecessary additional burdens that the DGA might impose when reviewing and amending the Commission's proposals.
12/18/2020
Irish Investment Limited Partnership
The Bill introduces a number of important changes which aim to position the ILP as a leading EU fund vehicle for private equity, sustainable investments and closed-ended alternative funds.
12/18/2020
Why You Should be Planning to make some Data-Based New Year's Resolutions…..
But with various changes and timing shifts on the immediate horizon here in Guernsey, from a business perspective now is the perfect time to be planning your new year goals and objectives from a data protection and privacy perspective.
12/18/2020
Foreign investment: Rising Tides of Politics in Regulation – newly updated report
The new EU Regulation on FDI screening mechanisms (fully operational since 11 October 2020) is also likely to encourage those EU Member States that do not currently have their own regime (just under half of them) to introduce one.
12/18/2020
Greek banks use Dublin to move up to €54bn of risky loans
Irish-domiciled SPVs used to accommodate Greek assets, Central Bank reveals
12/18/2020
The CSSF Releases Updates on the Implementation of ESG Fast Track Procedure for Disclosure Updates
The sustainability risk assessment approach and related disclosures feed into UCITS prospectus
12/18/2020
Business sentiment (IFO) rises in Germany
Consumer confidence rose, over a month, the most in 8 years following the launch of the vaccine program.
12/18/2020
Credit Suisse professes "astonishment" at Swiss money laundering charges
Credit Suisse unreservedly rejects as meritless all allegations raised against it and is convinced that its former employee is innocent.
12/18/2020
CaixaBank participates in EU research consortium to develop a personal data protection platform
The company seeks to protect the operations and financial transactions of customers and shareholders to ensure that they take place in the most secure environment possible, preventing external threats that can jeopardise confidentiality and privacy.
12/17/2020
Performance Fees – Central Bank takes initial steps towards implementing ESMA’s guidelines
While the Central Bank notes that the Guidelines could be immediately adopted
12/17/2020
EBA updates its Report on liquidity measures and confirms banks’ solid liquidity position
The Report shows that EU banks have continued to improve their LCR.
12/17/2020
Financial firms disregarding money-laundering rules – Central Bank
Regulators send ‘Dear CEO’ letter to sector warning of more intrusive inspections
12/17/2020
Mourant advises Highland Europe on their €700 million fourth fund raised in record time
The fund strengthens Highland Europe's strategy and will continue to use its technology expertise to build its portfolio of consumer tech brands and software companies.
12/17/2020
Agreement on UK and EU future relationship continues to hang in the balance
For businesses that trade in goods between the UK and the EU, although careful plans have been laid
12/17/2020
Which are the best Golden Visas to beat the Brexit roadblock
Acquiring UK citizenship will take investors between five and six years but for UK investors looking to maintain their EU status, there are some options that can provide residency or citizenship far quicker.
12/17/2020
New guidance from Guernsey Finance will make it easier for family offices to embrace sustainable investing
Ogier has collated a series of illustrative clauses which can be implemented into a trust deed between a family and their family office.