05/18/2020
Malta delays the start of EU office to fight corruption
Without Malta's nomination, EPPO will not be able to operate
Legal, Regulation & Compliance
05/18/2020
Why the UK fell behind European peers on emergency funding
Teething problems and lack of experience held up state-backed business loan schemes
05/17/2020
COVID-19: Impacts On IP Activity In The Courts And UK IPO
A new, bespoke ‘cloud video platform’ (CVP) is also starting to be used for hearings.
05/17/2020
COVID-19: FCA statement requesting BI insurance information for High Court test case
Responses are requested by 20 May 2020.
05/15/2020
EU starts legal actions against Luxembourg over money laundering, tax avoidance
EU legal actions could lead to fines if member states do not apply common legislation.
05/15/2020
BNP Paribas in partnership for Total's zero-emissions pledge
This agreement is one of the most significant achievements in the oil and gas industry so far.
05/15/2020
ECB announces new measures to increase share of female staff members
The strategy covers the period until 2026, so as to fall within the mandate of President Christine Lagarde.
05/15/2020
European bank loans Turkey’s QNB Finansbank $108M
European Bank for Reconstruction and Development loan to help Turkish lender support trade, SMEs amid virus crisis
05/15/2020
The ECB must shift to a wholesale acceptance of junk bonds
A change in the framework would also ensure that member states’ difficulties are not compounded by their debt becoming ineligible.
05/15/2020
Coronavirus: WTO head steps down a year early as downturn looms
Global trade has slumped and the world is braced for the worst downturn since the Great Depression.
05/15/2020
Insurers asked to waive fees and delay payments amid covid-19
To help clients who are struggling financially during the outbreak
05/15/2020
UK regulator warns firms over offline clients
But it will show ‘flexibility’ in how it approaches customer communication during outbreak
05/15/2020
Brussels tells UK it must honour EU free-movement rules
Commission launches ‘infringement proceedings’ against Britain that could end up before courts
05/15/2020
Coronavirus latest UK travel guidelines
UK Government guidance issued on 11 May 2020 confirmed that all people entering the UK, including British citizens, will be asked to supply their contact details and details of their accommodation
05/15/2020
ESA Join Consultation Paper On ESG Disclosures
This briefing highlights some key takeaways for asset managers in relation to the Consultation Paper and Draft RTS
05/15/2020
COVID-19: FCA final guidance for insurance and premium finance firms on customers in temporary financial difficulty
The measures require firms to consider what options they can provide to customers
05/15/2020
Former Swedbank Employees Charged With Laundering ‘Large’ Sums
The transactions took place over a “period” and ended in 2017 after Swedbank improved controls, according to the statement. The employees were fired.
05/14/2020
Coronavirus: New UK Charity Commission guidance on managing financial difficulties
The guidance also notes that a charity may receive significantly less money now on the sale of investments and assets as compared to normal times.
05/14/2020
EU eyes extension to cross-border reporting
Member States could have three more months to exchange information
05/14/2020
FCA Statement on how firms should handle post and paper documents
We recognise that during the coronavirus (Covid-19) pandemic there will be some important functions, such as processing post, that will be more difficult for firms to do in a timely way.