09/07/2020
Credit Suisse ordered shadowing twice more, report says
The Tages Anzeiger's sources said there were two cases, one in the US and one in Asia.
Legal, Regulation & Compliance
09/07/2020
The UK’s Financial Conduct Authority seeks to expand the scope of financial crime reporting requirements
The proposals extend the REP-CRIM requirement to firms which the FCA considers pose a higher money laundering risk, including cryptoasset firms and certain regulated insurers not covered under the existing REP-CRIM regime.
09/06/2020
FCA Quarterly Consultation Paper No 29
The letter explains the FCA's view of the key risks that such intermediaries could pose to their consumers or markets.
09/06/2020
Deloitte pair to be sued for £19m
The case is set to proceed after a High Court judge announced that the administrators were not protected from litigation
09/04/2020
Thirteen sued for £178m over alleged fraud at London Capital & Finance
Executives alleged to have spent investors’ cash on horses, helicopter and private members’ club
09/04/2020
Law firm unveils UK repatriation advice unit
Operation will offer personal tax, succession, estate planning and immigration services
09/04/2020
FCA Board Minutes July 2020
FCA report: 'Messages from the Engine Room' 5 Conduct Questions for supervising wholesale banks
09/04/2020
Britain leads exodus of wealthy citizens abandoning home for rates relief from Rome
Britons are leading the charge to take advantage of the scheme, with 78 leaving the UK for Italy since the tax break was introduced in 2017.
09/04/2020
Rui Pinto Football Leaks trial starts in Portugal
Rui Pinto's house arrest was lifted last month
09/04/2020
Polish banks prepare for $525 mln hit for mis-sold Swiss franc mortgages
Many borrowers have seen their instalments balloon after the Swiss franc almost doubled in value against Poland’s zloty since the global financial crisis.
09/04/2020
Greece: Development law amended regarding implementation and eligibility of investment plans
The laws establish state aid schemes providing tax exemptions, grants, and wage subsidies for private investments in Greece.
09/03/2020
Licence of Maltese wealth company revoked
After it provided the regulator with ‘false, inaccurate and misleading information’
09/03/2020
Europe's crisis measures must be temporary, ECB's Weidmann warns
Fiscal policy should also not get used to an easy course, nor should it rely on interest rates to remain so low over the long term.”
09/03/2020
Bank of England policymakers warn of bigger risks for UK economy
Vlieghe said there was “a material risk” that it could take several years for Britain’s economy to return to full capacity after its coronavirus shock.
09/03/2020
EU and Germany join efforts to support the African Union's response to coronavirus
This specific consignment will be able to reach a large number of countries as it will support the African Union continental response
09/03/2020
UK households face £1,200 hit to incomes after pandemic, Bank of England warns
Shifts such as more working from home and greater caution about going out will cause economic ‘dislocation’ that could create mismatches in skills and permanently reduce output, says Bank
09/03/2020
Golden passports: the EU must act
The European Commission published a comprehensive report on ‘citizenship-by-investment’ (golden passports) and ‘residence-by-investment’ schemes operated by a number of EU Member States in January 2020.
09/03/2020
Government debt and inflation - speech by Ben Broadbent
History suggests that, regardless of the fiscal position, the most important guarantee of stable inflation is a stable regime for monetary policy
09/03/2020
Commerzbank to drop EY as auditor in 2022 after Wirecard scandal
It follows a similar move this week by German fund manager DWS.
09/03/2020
Is your Employee Benefit Trust fit for purpose, or is it time for a review?
An EBT is a trust established either in the UK or offshore, set up by a company to hold cash and other assets, such as shares.