11/16/2020

FCA probes wealth firms’ readiness for negative rates

It asks firms if their existing IT accounting systems and cash management processes accommodate negative interest rates, and whether they already hold negative-interest rate client cash balances in Euros or Swiss francs.

11/16/2020

Financial Regulation Update

The FCA has published an update to its webpage on business interruption (BI) insurance to include the Supreme Court appeal hearing timetable, as well as a hand out summarising the issues, facts, procedural chronology and counsel for the appeal.

11/11/2020

Ministry launches appeal in panama papers case

Luxembourg’s finance ministry is appealing a verdict by the administrative tribunal which said in September that the tax office could not seek information about clients from lawyers involved in Panama Papers deals.