12/06/2019
'Evacuate now, bill later,' Winckworth Sherwood tells lawyers during terrorist attack
An hour later, Winckworth Sherwood sent staff a text instructing them to evacuate Minerva House as soon as possible.
Legal, Regulation & Compliance
12/06/2019
New appellate guidance on the Duomatic principle
Mr Dickinson instructed solicitors to prepare documentation to transfer the property to his name.
12/06/2019
Q3 2019 Cryptocurrency Anti-Money Laundering Report
It will no doubt have implications as regulators seek to have KYC information shared globally.
12/06/2019
ING close to settling money-laundering probe in Italy: sources
The Italian investigation was launched at the beginning of this year after Milan prosecutors received requests for assistance from several other European countries, and in particular from Germany, where hundreds of people had reported online scams
12/06/2019
The view from the regulator on Operational Resilience by Megan Butler
The proposals in the Consultation Papers make it clear that we expect you to understand your vulnerabilities, invest in protecting those and protecting yourselves, consumers and the market.
12/06/2019
Joint statement by the Council and the Commission on "stablecoins"
When a "stablecoin" initiative has the potential to reach a global scale, these concerns are likely to be amplified and new potential risks to monetary sovereignty, monetary policy, the safety and efficiency of payment systems, financial stabili
12/06/2019
PRA consultation on outsourcing and third party risk management
These proposals are set out in the draft Supervisory Statement
12/06/2019
MiFID II: ESMA first review report on the development of prices for market data and on CT
The ESMA review found that, to date, MiFID II has not delivered on its objective to reduce the cost of market data charged by trading venues and Approved Publication Arrangements
12/05/2019
Strict mortgage rules are here to stay, says Central Bank
The Bank also said that in the absence of its rules, which place strict requirements on people borrowing to buy a home, house prices could be 26 per cent higher than they are now, fuelled by higher levels of mortgage lending.
12/05/2019
Julius Baer books $153 million charge in East German assets case
Zurich Court of Appeal has reassessed the case
12/05/2019
'Honeymoon period' as firms escape fines for MiFID II reporting failures
FCA pragmatism 'will not last forever'
12/05/2019
ICO and The Turing consult on Explaining AI decisions guidance
The guidance consists of three parts.
12/05/2019
The Risk Coalition: Principles-based guidance for board risk committees and risk functions
In developing this guidance, the Risk Coalition has drawn on industry, academic and regulatory best practice and consulted widely, including with the key UK financial regulators who are supportive of all work that raises risk standards across the industry
12/05/2019
EBA publishes second part of advice on Basel III Reforms
It also provides a macroeconomic impact assessment of the full Basel III package.
12/05/2019
Guernsey planning pointers
The following five pointers aim to assist to minimise delays and achieve a successful outcome.
12/05/2019
EU negotiators close in on deal to create a Green Gold Standard
Officials expect an agreement to be reached on a ‘taxonomy for sustainable finance’
12/05/2019
Europe to Face More Money-Laundering Scandals, Netherlands Says
EU finance chiefs call for anti-money laundering agency
12/04/2019
Global web of firms for fraudsters created by British company Formations House
The documents show that the “formation agent” has repeatedly failed to carry out proper due diligence on clients and has set up companies for known fraudsters and organised criminals.
12/04/2019
Aegon to scrap Kames to create £303bn global fund house
To maximize the impact of its highly respected ESG capabilities, the firm will transition its Responsible Investing team from the CEO to the CIO domain in order to be even closer to the investment process and ESG product development.
12/04/2019
PwC and Fenergo partner to streamline KYC compliance
For PwC and Fenergo, the future is one where financial services use the best people and digitally-enabled solutions to deliver the best customer journey.