08/02/2020
No More LIBOR
Bank of England Takes Another Step Away From LIBOR
Legal, Regulation & Compliance
08/02/2020
Financial Crime in Jersey
Fraud in Jersey is a common law offence that can be committed by natural persons.
08/02/2020
FCA updates guidance on handing complaints
Find out about how your complaints should be handled during the coronavirus situation.
07/31/2020
HMRC investigates alleged multi-million-pound tax scam
Four were arrested and questioned on suspicion of money laundering offences
07/31/2020
Leonteq Announces New Partnership with Banque Internationale À Luxembourg
Leonteq and Banque Internationale à Luxembourg SA (BIL) have initiated a partnership for the issuance and distribution of structured investment products.
07/31/2020
IHT receipts fall for the first time in a decade
‘Hard to believe’ that inheritance tax is not ‘under the microscope’ to fill hole in UK budget
07/31/2020
Investors seek government intervention on mini-bonds
They have started a petition to get the products regulated and victims compensated
07/31/2020
JFSC committed to helping Industry with KYC utility
This in theory could result in reduced costs when taking on new clients, whilst introducing an enhanced degree of assurance as to the quality of these client processes.
07/31/2020
FCA statement on Employer Salary Advance Schemes
ESAS are commonly promoted as an alternative to high cost credit and have a broadly similar economic effect.
07/31/2020
EU Exit: HMT statement on registration arrangements under the UK Securitisation Regulation
Prospective securitisation repositories and relevant market participants should note that the Treasury will soon bring forward legislation
07/31/2020
EBA updates on 2021 EU-wide stress test timeline
The tentative sample, which is also made available today, includes the banks that were going to participate in the postponed 2020 stress test
07/31/2020
UK Treasury turns focus on financial and cryptoasset promotions
What is not clear is how the FCA will assess that a firm should be granted consent and how investments are to be categorised.
07/31/2020
Lazard Banker Among Suspects in German Insider Trading Probe
Employee is part of firm’s mergers and acquisitions team
07/31/2020
Further details of the Job Retention Bonus announced
Further details of how jobs will be protected through the government’s new Job Retention Bonus were unveiled by HMRC today.
07/31/2020
EBRD supports energy infrastructure and green growth in Montenegro
The loan will help ensure the stability and resilience of the country’s energy provision while simultaneously protecting the achievements made by the Montenegrin energy sector in its ambitious clean growth and decarbonisation agenda.
07/31/2020
Baillie Gifford cuts fee on top performing trust
Baillie Gifford said: “Relative to our somewhat nervous expectations from earlier in the year, income from the vast majority of the companies in [the] portfolio has held up well, and many have exceeded our expectations.
07/31/2020
FSCS ramps up LCF decisions as claims hit £13.5m
The FSCS initially expected to have ruled on the majority of claims by the end of September, but new evidence saw it extend this timeframe with more customers potentially eligible for compensation.
07/31/2020
HMRC ramps up crackdown on high net worth tax evasion
HM Revenue & Customs (HMRC) has ramped up investigations against the wealthy, as it seeks to show its commitment to battling sophisticated tax evasion.
07/31/2020
Stimulus Package Puts Europe on Road to Recovery
With the coronavirus pandemic hitting hard and Brexit on the horizon, the European Union’s recovery programme is a bold statement of unity.
07/31/2020
Global Guernsey
Rupert Pleasant, chief executive of Guernsey Finance, is a man with a plan to showcase the island’s expertise globally and gain new business from Hong Kong to the US, as Will Green found out when they met