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Legal, Regulation & Compliance

04/02/2020

COVID-19 Governance: Proposed changes to English insolvency law

As ever with emergency legislation intended to respond to a particular crisis, the Government will wish to ensure that any legislation does not give rise to unintended consequences

04/02/2020

Statement from HM Treasury and the Prudential Regulation Authority on the implementation of the Basel 3.1 standards

HM Treasury and the Prudential Regulation Authority welcome the announcement made on 27 March by the Group of Central Bank Governors and Heads of Supervision

04/02/2020

EU regulators issue money laundering warning as criminals adapt to Covid-19

The authority singles out international trade as a potential risk area.

04/02/2020

A quarter of bosses have yet to address staff directly on Covid-19 crisis

UK CEOs shun video conference systems and opt for email updates as millions turn to remote working to do their jobs, according to a major new report into how large and medium sized companies are operating during the pandemic

04/02/2020

Luxembourg Pulls out the Stops to Battle Coronavirus

The association of CEOs has been mobilized, as well as six banks

04/02/2020

Solvency II: Income producing real estate loans and internal credit assessments for illiquid, unrated assets

The PS is relevant to UK insurance and reinsurance companies holding or intending to hold income producing real estate (IPRE) loans.

04/02/2020

Money Laundering, Lawyers, and Escrow: The Case for Voluntary Due Diligence

The real value in the Committee’s investigation flowed, not from the sanctioning of lawyers, but in the identification of unresolved issues.

04/02/2020

Consolidator puts pending acquisitions on hold

Mr Harper said the company was, however, pushing ahead with one deal which had exchanged and was near completion.

04/02/2020

FCA to force banks to offer payment freeze

Given these measures would span a wide variety of firms the FCA is conducting a brief consultation on our measures.

04/02/2020

UK Corporate Insolvency Reforms: Considerations for Lenders and Borrowers

The government has announced new restructuring tools to enable UK companies undergoing a rescue or restructure process to continue trading, giving them breathing space that could help them avoid insolvency.

04/02/2020

German bank partners with Amundi for new AM offering

New service is dedicated to private clients and will provide active and passive fund investments.

04/02/2020

What are pre-packs and how can they help struggling businesses in the UK?

The main advantage is that the period of administration is minimised and the company therefore avoids ‘lame duck’ syndrome

04/01/2020

Collas Crill Advises On £70M Bath Street Redevelopment Project

The Collas Crill team advised on all aspects of the project including advice on the development structure, lease agreement, funding, planning and construction.

04/01/2020

High street benefits from £22 billion grants and business rates package

Today high streets begin to receive £22 billion coronavirus boost, with grants of up to £25,000 already being paid into bank accounts of high street businesses

04/01/2020

Coronavirus: Big banks stop shareholder dividends until the end of 2020

The Bank of England also expects them not to pay cash bonuses to senior members of staff.

04/01/2020

Will the end of (L)IBOR be delayed?

In 2018 alone, LIBOR-based transaction underpinned nearly USD200-trillion in outstanding volumes of USD LIBOR contracts.

04/01/2020

Standard Chartered Fined for Violating Russia Sanctions

The bank identified and reported the alleged sanctions violations to authorities and took remedial steps following the breach, Standard Chartered said in a statement Tuesday.

04/01/2020

Regulation: For AML, fintech is both problem and answer

The UK’s Financial Conduct Authority is particularly enthusiastic about using technology to fight money laundering.

04/01/2020

Luxembourg regulator suspends Rothschild ex-CEO for ten years

The bank said in its 2017 annual report that it had paid the fine after the CSSF had notified it of a possible fraud involving former Malaysia Prime Minister Najib Razak’s 1MDB investment fund.

04/01/2020

UniCredit says top managers to forego entire 2020 bonus pay

Both UniCredit and Intesa this week put on hold dividend payments to comply with regulatory calls to preserve capital.

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