12/05/2019
ICO and The Turing consult on Explaining AI decisions guidance
The guidance consists of three parts.
Legal, Regulation & Compliance
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.
12/04/2019
GAM Holding AG: Response to sanction proposal of SIX Exchange Regulation AG
This accounting matter relates to GAM Holding AG’s consolidated financial statements and does not relate to any of GAM’s investment funds, nor to any of its clients.
12/04/2019
Court ruling in BSI legacy case
EFG's financial results will not be impacted by this decision.
12/04/2019
Why Nuptial Agreements are Essential in the Wealth Protection Toolkit
In Radmacher, the Supreme Court held that the court should give effect to any nuptial agreement—pre or post—freely entered into with a full appreciation of the implications unless in the circumstances prevailing it would not be fair to hold pa
12/04/2019
ECB takes oversight of big investment banks fleeing Brexit
All in all, the bank will supervise 117 lenders from next year, down from 119, as several banks no longer meet its criteria for supervision.
12/04/2019
Nordea Wins Danish Court Battle to Ban Staff Trading in Bitcoin
We filed suit because of the principle that everyone obviously has a private life
12/04/2019
English Court of Appeal endorses High Court approach to determining interest rate applicable to equitable compensation payment arising out of breach of fiduciary duty
This decision is therefore a useful reminder of those principles and a good illustration of how they can work in practice
12/03/2019
Are investment grade bonds the safe haven for 2020?
Negative yields on gilts prompts investors to look elsewhere in fixed income
12/03/2019
MPS Investment Committee: Bill Dinning, Waverton Investment Management
Bill Dinning, director and CIO at Waverton Investment Management tells us why they sold US Treasuries to buy more sterling
12/03/2019
EU Council rejects corporate tax transparency directive
The Organisation for Economic Cooperation and Development adopted country-by-country tax reporting for large multinational companies as part of the Base Erosion Profit Shifting initiative, but the information is not made public.
12/03/2019
ECB will reportedly ask Deutsche Bank to raise fresh funds for merger
While Deutsche has argued the case that little or no capital may be needed, regulators, worried about the group‘s U.S. investment bank and the potential fallout of it failing a stress test there in September, are putting their foot down.
12/03/2019
Europe's finance chiefs to call for anti-money laundering agency
A coordinated response by the region's finance ministers would open the door for a revamp of the system's supervision, which is vulnerable to abuse because it's largely legislated along national lines.