08/28/2020
ECB publishes consolidated banking data for end-March 2020
The quarterly data cover information required for the analysis of the EU banking sector, comprising a subset of the information that is available in the year-end dataset.
Legal, Regulation & Compliance
08/28/2020
Digital commodities exchange Emirex introduces Bitcoin SV trading pairs
While strategically based out of the Middle East, the Emirex platform is truly global, offering investors and traders alike an easy avenue to acquire and trade digital commodities – including Bitcoin SV - within a regulatory compliant environment.
08/28/2020
TPR enforcement activity drops by half during Covid
A fixed penalty notice of £400 is the first stage in the enforcement process
08/28/2020
FCA ‘frustrated’ with legacy technology
London Capital and Finance went into administration in January 2019, owing a total of £237m to 11,600 investors.
08/28/2020
Embark targets IFA deals in growth push
Embark had also expanded the funds’ platform reach in the past few months — meaning the funds are now available on roughly half of the adviser platforms — and expanded the communication and marketing of the products.
08/28/2020
GFSC review shows Guernsey firms’ positive record on source of funds and source of wealth
Babbé Senior Associate Elena Gogh discusses a positive report on anti-money laundering practices in Guernsey by the Guernsey Financial Services Commission.
08/28/2020
The central bank balance sheet as a policy tool: past, present and future - speech by Andrew Bailey
This experience has reiterated that the effectiveness of our tools depends on the situation in which they are used.
08/28/2020
Changes to Guernsey's beneficial ownership regime
The States of Guernsey has approved proposals to amend the legal framework relating to beneficial ownership.
08/27/2020
FCA open-ended funds review survey
During the coronavirus crisis, consumers may find themselves needing access to their savings in accounts with restrictions on access.
08/27/2020
Why Linklaters Says It Is Benefiting from Having Lawyers Working From Home
Linklaters said it is “encouraging open and continuous dialogues across the firm” on issues such as flexible start and finish times, modified daily ‘core’ hours and modified hours to allow for commitments outside of work.
08/27/2020
Further review of IHT by the APPG
The APPG paper proposes comparatively radical reforms to a system that it describes as having been criticised as complex, ineffective, riddled with anomalies, distortionary and unfair, unpopular and ripe for reform.
08/27/2020
FCA and TPR team up to tackle pension scams
Scammers wreck lives and no matter how big or small your savings are, every pot is a target.
08/27/2020
Migrating A Company Out Of Guernsey
Just like a person, a company can change its nationality.
08/27/2020
Covid-19: FCA proposes further support for mortgage borrowers
The majority of customers who have had a payment holiday are expected to resume full repayment.
08/27/2020
Govt to force schemes to publish climate risk reports
"These measures will ensure pension schemes are in an ideal position to drive change to a sustainable, low carbon economy which will benefit everyone.”
08/27/2020
Warning tax evasion policy can foil M&A deal at 'eleventh hour'
For advisers this means they would need to act if they found a client had undeclared assets on their books.
08/27/2020
EFAMA updates European Fund Classification Categories
EFAMA strongly encourages the adoption of the EFC by fund managers and distributors to contribute to a more integrated and competitive European fund market.”
08/27/2020
UK boutique wins equity mandate from Danish pension pool
Pension pool award fourth mandate of 2020 with latest selection based on the asset manager's quality focus and ESG approach.
08/26/2020
Ireland Update – Use of Electronic Signatures on Regulatory Documents and Forms
The Central Bank advised that it reserves the right to request a "wet ink" signature where the Central Bank deems it appropriate.
08/26/2020
FCA: LCF final report to be published in November
In the event of a 2022 decision by the FSB to discontinue the G-SII list, the FSB will review the scope of application of G-SII specific requirements in consultation with the International Association of Insurance Supervisors (IAIS).