05/07/2020
FCA secures orders for victims of unauthorised share scheme
'The FCA is able to take punitive and remedial action in some cases but the best protection is to avoid these types of offers completely.'
Legal, Regulation & Compliance
05/07/2020
Beneficiary Disputes in Focus
By far the most significant proportion of trust companies surveyed thought that the principal source of beneficiary disputes was disharmony amongst the beneficiary group (64%).
05/07/2020
New allegations against Juan Carlos
As part of the administrative assistance, the latter sent its findings about Juan Carlos' secret account to the Spanish national court, which is investigating suspected money laundering, tax evasion and corruption.
05/07/2020
Forum launches regulatory timetable grid early
The grid provides a timetable for major regulatory initiatives.
05/06/2020
UK coronavirus adviser Neil Ferguson resigns after breaking lockdown rules
Key expert in coronavirus response resigns from Sage after admitting ‘error of judgment’
05/06/2020
Workplace coronavirus safety rules must be binding, says Labour
Keir Starmer criticises government’s draft guidance as ‘pretty vague’ and calls for enforcement of common set of standards
05/06/2020
Five headaches for the Bank of England as Covid crisis bites
The Bank is weighing up the prospect of more stimulus as it seeks to prevent deep economic scars from coronavirus
05/06/2020
UK and US begin talks on 'ambitious' post-Brexit free trade deal
International Trade Secretary Liz Truss says a deal will help the countries' economies "bounce back" from the COVID-19 pandemic.
05/06/2020
FCA pilots digital sandbox
There is also an important convening role for us to play, helping to enable greater collaboration to solve complex industry-wide problems.
05/06/2020
PRA updates statutory powers and enforcement webpage
Our ‘Regulatory investigations guide’ provides, at a high level, a ‘roadmap’ of our investigation
05/06/2020
EBA updates ITS on benchmarking of internal approaches for 2021 benchmarking exercise
In order to analyse potential sources of variability stemming from the implementation of the new accounting standard (IFRS 9), two annexes have been introduced.
05/06/2020
EU to beef up scrutiny of money-laundering risks, adds Panama to list
The revised money-laundering list, expanded to include 22 from 16 states, is set to take effect from October.
05/06/2020
Metamorph Group acquires Yorkshire-based national law firm
This latest Metamorph acquisition strengthens the group’s national coverage particularly in residential conveyancing and remortgage services.
05/06/2020
Telework becomes compulsory in Monaco
Telework is also highly recommended and therefore facilitated as long as this health crisis lasts.
05/06/2020
Dutch Central Bank to Crypto Firms: Register in 2 Weeks or Shut Down
The deadline comes as Dutch crypto firms level heavy criticism at a law they call burdensome to the industry at large
05/05/2020
Malta's regulator publishes list of unlicensed digital currency firms
The island is known for its pioneering approach to fintech
05/05/2020
National Advisory Group Highlights Hidden Traps in Acceessing Pensions to Bridge Short-Term Income Gap
This rule was designed to prevent savers from taking advantage of Pension Freedoms introduced from 2015, by taking money out of their pensions and recycling it back in to claim a second slice of tax relief on the same money at a later date.
05/05/2020
Gold is well-positioned as a hedge against inflation risk from expansionary fiscal and monetary policies
This goes against gold’s embedded characteristics, but we think that the unique circumstances at the time of that selloff are likely in the rear view.
05/05/2020
Banks baffle investors as art meets science in accounting rule
Diverging economic forecasts make it harder for investors to understand the banks’ models
05/05/2020
Banking & Payments Predictions 2020: Compliance
Already in wealth, the likes of MiFID have driven some firms to exit the industry entirely, conferring an advantage on some startups, while disadvantaging others that don’t have a mature compliance function.