03/17/2020
Royal London updates critical illness cover
'A worthwhile upgrade'
Legal, Regulation & Compliance
03/17/2020
Feifa partners with UK wealth firm
To expand the number of investment strategies offered to its members
03/17/2020
COVID19 checklist for pension schemes
It also prioritises actions over different time periods, from actions required immediately to those recommended over the next three months and beyond.
03/17/2020
FCA to postpone 'non-critical' work amid Covid-19 crisis
The regulator said its dialogue with firms and trade associations would continue over the coming weeks, including assessing the steps being taken to support customers.
03/17/2020
European banks hit again after central bank moves
The price of Unicredit's perpetual bonds, callable from June 2023, fell to EUR80 ($89.30), from around EUR113 in mid-February, indicating investors see a significant risk its capital could be depleted enough to trigger the bonds' conversion to e
03/17/2020
Hedge fund Bridgewater places $15 billion in bets against Europe and UK
Hedge funds engage in the practice of ‘shorting’ by borrowing a stock from an institutional investor, such as a pension plan, and selling it back at a profit when the price drops.
03/17/2020
UK-Based Law Firm Rebuked by Regulator Over Money Laundering Training
The regulator also ordered the firm to pay about $1,650 to cover the costs of its investigation.
03/17/2020
Another Kind of Outbreak: COVID-19 as Financial Crime Threat
With global attention on the outbreak itself, criminals need only be successful with a fraction of their potential victims to take advantage of the unfortunate situation that has unfolded.
03/17/2020
The implications of coronavirus on the aviation finance industry
Concern is rising generally for airlines, do they have enough liquidity to survive until the flight restrictions and corporate travel bans are lifted
03/17/2020
Latest Magic Circle Firm Instructs London Office To Work Remotely
The firm says it will review the situation after two weeks and a small team will remain at the office to perform essential services.
03/17/2020
Coronavirus - A New Regulatory Risk Facing Firms in the UK Financial Sector
COVID-19 is reported to be highly contagious and a more severe disease than seasonal influenza in a population where no-one has immunity to the new virus.
03/17/2020
Lords call to postpone IR35 reform amid Covid-19 fallout
Now, peers are warning to continue with the planned changes in light of the market chaos caused by the ever-spreading coronavirus outbreak would be "perverse".
03/16/2020
European Commission report on implementation of CSMAD
REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on the implementation of Directive 2014/57/EU of the European Parliament and of the Council of 16 April 2014 on criminal sanctions for market abuse (market abuse directive)
03/16/2020
Cyprus Bar Association’s mandatory questionnaire on AML/CFT
The procedure covers the periods 1 January 2018 – 31 December 2018 and 31 December 2018 – 31 December 2019 and must be completed by 30 April 2020 by all supervised persons.
03/16/2020
Spanish king named on offshore fund linked to €65m Saudi 'gift'
Revelations threaten to tarnish king's image six years after he took over from his scandal-hit father
03/16/2020
Coronavirus: Remote working for financial services
It’s an unprecedented situation with a large proportion of the global workforce now working from home in an attempt to delay and contain the virus.
03/16/2020
Esma puts new leash on shorting in response to Coronavirus
ESMA considers that the current circumstances constitute a serious threat to market confidence in the EU, and that the proposed measure is appropriate and proportionate to address the current threat level to EU financial markets.
03/16/2020
Swiss Banks Mull $20 Billion Crisis Fund
Credit Suisse boss Thomas Gottstein suggested the idea of a small business fund of at least $20 billion for bridge financing.
03/16/2020
Solvency II: the quality of capital instruments
This statement should be read alongside all relevant European legislation and relevant parts of the Prudential Regulation
03/16/2020
Solvency II: Adjusting for the reduction of loss absorbency where own fund instruments are taxed on conversion
This policy will take effect on publication of this PS on Monday 16 March 2020.