03/11/2020
Bank of England throws everything but the kitchen sink at Coronavirus
In a key paragraph towards the end of the release the Bank confirmed that it’s working in concert with HM Treasury.
Legal, Regulation & Compliance
03/11/2020
Ireland – the Emerald answer for Dutch CLOs?
Whilst no new law has been passed, the rulings in place for these transactions have been changed (unilaterally) by the Dutch tax authorities, a move that has shaken the sector.
03/11/2020
Has complacency been replaced by volatility?
Investment Managers tend not to moonlight as epidemiologists and therefore look to history as a guide to the likely impact.
03/11/2020
Quilter sets aside £12m for Lighthouse DB claims
Speaking with FTAdviser, Mr Feeney said he would like to see this transition completed in the coming year.
03/11/2020
Ireland faces EU fines on dirty money regulations
The directive was introduced in 2015 and was the fourth EU directive to target the issue of money laundering.0
03/11/2020
Rogue trader Jerome Kerviel haunts embezzlement trial of ex-French prime minister François Fillon and wife
Prosecutors have called for a five-year jail sentence for the former conservative presidential contender
03/10/2020
FCA consultation on OEICs: Proposals for a more proportionate Listing regime
The proposed changes include dis-applying or amending existing requirements that are disproportionate, or that are not relevant or operable for OEICs because they do not take account of the specific features of OEICs’ business models or structures.
03/10/2020
Prince Andrew has 'completely shut the door' on Jeffrey Epstein investigation, prosecutor claims
The Duke of York has refused to cooperate with the investigation into Epstein's potential co-conspirators, prosecutor Geoffrey Berman said
03/10/2020
EU launches campaign to tackle tax evasion
The EU is stepping up efforts in tackling undeclared work, encouraging cooperation between Member States and raising awareness throughout Europe.
03/10/2020
US charges Russian billionaire Tinkov with tax fraud
Tinkov paid a £20m bail to be allowed to stay in a apartment owned by his wife in central London so long as he respects a 7pm to 7am curfew.
03/10/2020
Santander to offer 14 weeks of full pay for new mothers to boost women's careers
This new minimum standards will be implemented globally over a three year period depending on the markets.
03/10/2020
International Data Transfer Solutions Under GDPR
Following our previous analysis of the consequences of the opinion of the advocate general Hendrik Saugmandsgaard Øe (a.g.) in the Schrems II case, from the data exporter perspective, we will turn our attention to the content of the Controller to P
03/10/2020
Coronavirus: Everything we know about what’s happening in Canary Wharf and the City
Financial News rounds up what we know of the City's emergency planning around Covid-19 so far
03/10/2020
The ideal post-EU regulatory framework
The role of non-banks and market-based finance has been growing. And digitalisation is transforming a number of financial services.
03/10/2020
Deutsche Bank cleared Cyprus funds for businessman Jho Low
Lender acted as correspondent bank for Malaysian facing allegations over 1MDB scandal
03/09/2020
FCA CP on climate-related disclosures
The proposals set out in the Consultation Paper build upon the recommendations of the TCFD, an existing global standard.
03/09/2020
The Grand Unifying Theory (and practice) of Macroprudential Policy by Mark Carney
The relative simplicity of the monetary policy objective and the relatively focused arsenal of monetary policymakers improve the likelihood that agents in the economy can understand the MPC’s reaction function and anticipate its actions, making its
03/09/2020
ECB letter on COVID-19 contingency preparedness
These could be due to illness, the need to take care of relatives, or being unable to work from bank premises due to precautionary measures. Challenges could also arise due to constraints of key thirdparty outsourcers and suppliers to maintain critical pr
03/09/2020
Britain’s lucrative ties with the Gulf states have been tested by court shocks
The accusations against Sheikh Mohammed make uncomfortable reading for many, including the Queen and the Foreign Office
03/09/2020
Serious Fraud Office probes Lloyds Bank property claims
The Serious Fraud Office has begun interviewing witnesses and is weighing up whether to launch a formal criminal investigation