01/15/2020
French Climate Stress Tests for Financiers to Be Anonymous
Central banks are trying to design stress tests as they increasingly view climate risks as financial risks, while at the same time not adding to uncertainty for the sector.
Legal, Regulation & Compliance
01/15/2020
Swiss National Bank under rising pressure after five years of negative rates
But those policies now face opposition from an unusual alliance of left- and right-wing politicians, as well as growing criticism from the powerful financial sector.
01/15/2020
AML fines in 2019 breach $8 billion
Last year could have been a record
01/15/2020
FCA RDR/FAMR evaluation update
We have commissioned qualitative research on how consumers interact with the market.
01/15/2020
FSCS declares IFA firm Blackstar Wealth Management in default
146 FSCS claims
01/15/2020
France blacklists BVI and Bahamas as non-cooperative tax havens
France has blamed the jurisdictions' deficiencies in the exchange of tax information for the listing, stating that French tax authorities were unable to obtain the requested information.
01/14/2020
EBA report identifies key challenges in the roll out of Big Data and Advanced Analytics
The EBA will continue monitoring the developments in line with the pace of employment of new technologies in financial services
01/14/2020
What’s on the horizon for pensions litigation in 2020?
These new powers, which may come into force later this year, are intended to support the Regulator’s tougher approach to pensions regulation.
01/14/2020
Leeds businessman subject to first "McMafia" order over alleged links to organised crime has £1.13m frozen
The UWO against Mr Hussain was the first to be solely based on alleged links to organised crime.
01/14/2020
Luxembourg’s financial crime watchdog bemoans lack of firepower
The fight against money laundering and the financing of terrorism is constantly evolving.
01/14/2020
FCA to return £2.5m to UCIS ‘land banking’ victims
The FCA said these schemes involved the unlawful selling of land plots.
01/14/2020
Govt warns on fraudulent CMCs targeting investors
The government also warned paying a fee would not make an investor a “priority creditor”
01/14/2020
FCA multi-firm review: asset management portfolio tools
These firms should consider our findings and how they apply to their own organisations.
01/14/2020
GAM signs long-term licence deal with SimCorp
The new licence agreement builds on a trusted and long-standing relationship with SimCorp.
01/14/2020
Advisers urged to protect their own firms
Last year research showed one in four small to medium size businesses would have to immediately close if a ‘key person’ became critically ill or died.
01/13/2020
British companies fined £300m for money laundering breaches
Standard Chartered Bank was handed the largest UK fine last year of £102 million, from the Financial Conduct Authority.
01/13/2020
Jersey's Royal Court declares trustee's exercise of power void
This case highlights the importance that trustees obtain detailed legal and tax advice when considering a restructuring of assets held in trust
01/13/2020
Guernsey legal and regulatory update
An overview of Guernsey legislative and regulatory developments - 1 October 2019 to 10 January 2020
01/13/2020
English Court of Appeal defines the limits of a trustee’s indemnity
The decision is indicative of the limitations that may be applied to trustee indemnities in offshore jurisdictions
01/13/2020
Boutique investment bankers face heightened competition from the big players
The drop-off in jumbo tie-ups – and the hundreds of millions of pounds they generate in fees – has pitted star dealmakers at elite firms against boutique advisory outfits a fraction of their size.