12/19/2024
ESMA Publishes Consultation Paper on Regulatory Technical Standards (RTS) for Open-ended Loan-originating Funds
The RTS set out the requirements with which Loan-Originating AIFs are to comply in order to maintain an open-ended structure.
Legal, Regulation & Compliance
12/19/2024
FCA charges John Dance with offences related to WealthTek
The FCA alleges Mr Dance laundered the proceeds of his criminality through his personal and business bank accounts
12/19/2024
Swedish SEB will consolidate its Baltic banks into one
The new legal structure is also expected to benefit SEB’s retail customers in the Baltic region.
12/18/2024
PS20/24 – Solvent exit planning for insurers
The PS will refer to all of these collectively as ‘insurers’ or ‘firms’ unless otherwise specified.
12/17/2024
Payment cycles: An update on the Future Roadmap for the RTGS service - speech by Victoria Cleland
Given at FinTech Connect on 5 December 2024
12/17/2024
ESMA releases last policy documents to get ready for MiCA
ESMA releases last policy documents to get ready for MiCA
12/17/2024
FCA responds to High Court motor finance judicial review decision
The Court dismissed all 3 grounds of appeal brought by the lender, Barclays Partner Finance.
12/17/2024
FCA seeks feedback on plans to improve the transparency of the UK’s crypto markets
This will reduce fraud and help promote good practices in the sector.
12/16/2024
Spanish Golden Visa Program Set for Potential Changes by 2025
This development creates a limited window of opportunity for individuals interested in securing a Spanish Golden Visa under the current regulations.
12/13/2024
The Chancellor’s Mansion House Speech and other regulatory updates for financial institutions
The Chancellor’s Mansion House Speech and other regulatory updates for financial institutions
12/13/2024
Millions of people could get more support with their pensions under new proposals
Making sure consumers can make informed investment decisions is an important part of ensuring healthy capital markets which deliver growth.
12/13/2024
Investigation: How £3.4bn of debt has changed the face of financial advice
Citywire investigation reveals the most detailed picture yet of the levels of borrowing fuelling consolidators’ adviser acquisitions, uncovering previously unreported debt issued by Guernsey, Jersey and Cayman Islands parent companies.
12/13/2024
The Governing Council of the European Central Bank lowers interest rates
Press release on the ECB’s monetary policy decisions
12/13/2024
ECB signals it is on the road to normal
Second, the ECB’s economists now expect inflation to return to the target earlier.
12/12/2024
FINMA concludes proceedings against Leonteq
LTQ cooperated well with FINMA during the proceedings.
12/12/2024
Firm takes fight against FIAU fines to European Court of Human Rights
A landmark judgement overturned a previous decision that ruled the fines were unconstitutional
12/12/2024
Small advice firms urged to appoint Consumer Duty ‘critical friend’
The regulator has published the findings of its review into firms’ approaches to completing the first annual Consumer Duty board report.
12/11/2024
CP19/24 – Closing liquidity reporting gaps and streamlining Standard Formula reporting
The response will be assessed to inform our work as a regulator and central bank, both in the public interest and in the exercise of our official authority.
12/11/2024
The end of UK resident non-doms and the benefits of life insurance
Most importantly, if an individual’s circumstances or IHT legislation changes, the policy can be adjusted.
12/10/2024
The EBA consults on draft technical standards that specify material changes and extensions to the Internal Ratings Based approach
Under the CRR, institutions shall apply for approval from their competent authorities prior to implementing material extensions and changes to their internal approaches.