04/15/2020
Beyond The Headlines: Fca Scraps Mifid 10% Letter Rule
As has been demonstrated with the spread of unresearched information around COVID 19, this can have dangerous consequences.
Legal, Regulation & Compliance
04/15/2020
COVID-19: FCA delays GI pricing practices final report
The FSB has published the letter from Chair Randal Quarles to G20 Finance Ministers and Central Bank Governors which was sent ahead of their virtual meeting on 15 April.
04/15/2020
How fintech can promote financial inclusion - a new report on the opportunities and challenges
Technological innovation has made major inroads into financial services, which has implications for payments and their key role for financial inclusion.
04/15/2020
EFG International changes dividend proposal
EFG is not the first company to adjust its dividend proposal.
04/14/2020
PwC delays promotions as part of Covid-19 freeze
Most prominently, the start of April has seen professional services giant PwC announce it has delayed its UK staff appraisal programme, which usually commences after March 31st.
04/14/2020
OECD issues welcome guidance on tax treaty issues arising from the COVID‑19 crisis
This may change the tax treatment under the applicable treaty due if, for example, the number of days that a worker may work outside the country of employment is reduced.
04/14/2020
Coronavirus: New overdraft rules apply from today - '£500 interest-free' help launched
BANKS and other financial companies must incorporate new rules from tomorrow. The new measures being put in place will affect loans, credit cards and overdrafts.
04/14/2020
Russia notifies Luxembourg, Malta about dividend tax increase
Changes will not affect interest gains paid on Eurobond loans, bond loans of Russian companies and loans extended by foreign banks, according to Russia's Finance Ministry
04/14/2020
Global developments and legal insights, April 2020
We also make some general observations that apply to all M&A transactions.
04/14/2020
Barclays halts new job cuts during coronavirus crisis - memo
The payments will be funded by Barclays rather than the government, however.
04/14/2020
The Future of International Fund Domiciliation
Current patterns of fund domiciliation were established some time ago.
04/13/2020
FCA confirms temporary financial relief - consumer credit
The rule changes will be in force from 9 April 2020, and the full range of measures will apply by 14 April 2020.
04/13/2020
New FCA rules could help millions with their loan and credit card debt according to expert
DEBT can be a big issue for families as the cost of repayments can be drastic. Coronavirus is likely to make that burden even more stressful but recent actions from the financial regulator aims to ease tensions.
04/13/2020
BlackRock to advise EU on environmental rules for banks
Campaigners raise concerns over investor’s financial interests in fossil fuel companies
04/13/2020
After the crisis we need to create jobs, not a tax on wealth
There is a way to aid productivity that would sustainably fund the emergence from the crisis, and which offers all producers a fair share of productive capacity.
04/13/2020
Malta seeks US help as money laundering reforms deadline looms
But the US has its own 'wish list' for Malta
04/13/2020
Credit Investors Take Heed: A Different Landscape Will Emerge For European Banks
National governments, the European Commission, the ECB, Bank of England, and other central banksare putting in place unprecedented pandemic-related rescue programmes for businesses and households.
04/13/2020
Failure to fight money-laundering ‘could threaten financial stability’ - IMF
COVID-19 challenges ‘significant’
04/12/2020
Italy updates law on sports agents
This is in stark difference with the 2018 version of the law
04/12/2020
Private equity giant 3i accused of ‘gorging off holidaymakers’ money’
Operators are under increasing pressure from consumer groups for using delaying tactics to retain billions of pounds owed back to customers