09/25/2019
FCA told to review Fos oversight
The commissioner also recommended the FCA, regardless of the review's outcome, provide further clarification on its website about its approach to its oversight of the Fos.
Legal, Regulation & Compliance
09/25/2019
Labour’s plans for non-doms could prove costly for the UK
But the thing is that the UK is not exactly the only country that offers favourable tax deals for newish immigrants.
09/25/2019
Continued IFA consolidation leads to landscape change
Describe some of the challenges involved with selling a business
09/25/2019
The Wayfair case: the US Supreme Court’s decision and its impact on UK firms
For sales tax purposes, taxable transactions include both business-to-business and business-to-consumer transactions
09/25/2019
Deutsche Bank CEO warns central banks have no tools left to ‘cushion’ a ‘real economic crisis’
The ECB in particular has eased aggressively, lowering its deposit rate by 10 basis points to a record low of -0.5%.
09/25/2019
Findings from FCA review of unit-linked firms' governance practices
This is part of wider work in this area, including a review of non-workplace pensions, the governance of unit-linked mirror funds, and the effectiveness and scope of Independent Governance Committees (IGCs).
09/25/2019
Azzurro Associates Selects LexisNexis Visualfiles for Azzurro Law Ltd
With the kind of data that the solution holds, and by applying the right logic, Visualfiles can do anything you want it to.
09/25/2019
The Network for Greening the Financial System
The NGFS’ diverse membership, which includes the German, Dutch and French Central banks, allows for close coordination between the various ongoing international initiatives on issues of common interest.
09/25/2019
EU Court Scraps $37M Antitrust Fine Against HSBC
Eight banks were eventually dealt fines totaling $2.34 billion, with Germany-based Deutsche Bank, Barclay’s, Royal Bank of Scotland and France’s Societe Generale receiving reduced fines of $1.5 billion when they agreed to settle the commission
09/24/2019
Europe, the U.S. … or the Cayman Islands? Tackling the World’s Fund Barriers By Selma Lee Arch
Both of these bills were among those passed by the Cayman Islands Legislative Assembly on July 26, 2019.
09/24/2019
PGIM receives AIFM approval in the Netherlands
This newly authorised entity follows the announcement in July 2019 that PGIM Investments, the global manufacturer and fund distributor of PGIM, established operations in Switzerland.
09/24/2019
EBA launches its 2019 EU-wide transparency exercise
As of this year, the transparency exercise will disclose data with quarterly rather than semi-annual frequency, in order to provide users with more granular supervisory data for time series analysis.
09/24/2019
High Court finds in favour of Lehman administrator in respect of US $7 million trade error
In the present case, following a “colloquial” and “imprecise” oral agreement, both parties were mistaken as to the nature and value of the securities being traded.
09/24/2019
Mexico and UK form alliance to tackle corruption and impunity
Baroness Susan Williams, UK’s Minister of State and Minister of Equalities, introduced the Anti-Corruption and Rule of Law UK and Mexico Prosperity Fund and said it was designed as a “powerful mechanism to maximize our shared prosperity and su
09/24/2019
Handelsbanken signs up to the UN Principles for Responsible Banking
The principles are also intended to emphasise the necessity that the financial sector is governed in line with the Paris Agreement and the 17 Sustainable Development Goals.
09/24/2019
Celebrating inclusion by Victoria Cleland
Given at the House of Lords
09/24/2019
Corporate Criminal Liability and Internal Investigations – Expected Legislative Changes in Germany
The legislative proposal is being discussed extensively in legal practice and academia.
09/24/2019
Appleby Managing Partner Announced as Inspirational Leader of the Year
‘Faye truly deserves to be the Inspirational Leader of the Year for the 2019 IOM Responsible Business Awards.’
09/24/2019
CSSF grants AIFM infrastructure sub-license to IQ-EQ in Luxembourg
IQ-EQ Fund Management (Luxembourg) S.A. offers a full range of AIFM services and solutions including portfolio management, risk management, valuation control, Annex IV reporting, passporting and delegation control.
09/24/2019
Lloyd's reveals depth of sexual harassment culture
It follows a raft of complaints about bullying and sexism at the City institution surfaced earlier this year.