08/22/2019
Barclays current account customers hit by most internet banking incidents
Rules require banks to report incidents to the regulator if they meet certain criteria
Legal, Regulation & Compliance
08/22/2019
Warning over fraudsters targeting SVS clients
Now clients of SVS have been warned a fraudulent letter is circulating claiming to be from the company's special administrators.
08/22/2019
Maltese regulator to limit CFDs harm to retail investors
After Esma’s temporary restrictions on sale of contracts for difference
08/22/2019
Invesco faces £5m court battle with Dutch platform provider
Invesco and Dutch platform business Ohpen have been referred to mediation in a last ditch attempt to avert a £5 million law suit.
08/22/2019
ECB revises supervisory expectations for prudential provisioning for new non-performing loans to account for new EU regulation
All other aspects, including specific circumstances, which may make prudential provisioning expectations inappropriate for a specific portfolio/exposure, remain as described in the Addendum.
08/21/2019
Rabobank to Stop Working with Football Clubs over Money Laundering Fears: Report
Rabobank refused to respond to the newspaper's questions about individual clubs.
08/21/2019
Brexit - 31 October 2019 Free movement at a cliff edge.
The UK’s border’s won’t close on 1 November, because European citizens will still be able to enter the UK without a visa for up to three months
08/21/2019
Brexit and EEA citizens – how to stay in the UK
The Scheme should run in tandem with the existing rules on Permanent Residence until then.
08/21/2019
GDPR one year on: what have we learnt?
GDPR has not gone un-noticed outside Europe, with Brazil, Japan and India all introducing privacy legislation aligned to GDPR, and California became the first US state to introduce a general data privacy law with the California Consumer Privacy Act emergi
08/21/2019
Chancellor accelerates Brexit preparations for businesses
Chancellor announces new plans to help businesses that trade with Europe prepare for October 31
08/21/2019
Luxembourg Publishes Draft Law on DAC 6
This directive is the latest effort by the EU to increase tax transparency and information exchange.
08/21/2019
Appleby Helps Over 1,500 Clients With Economic Substance Tool
We pride ourselves in providing comprehensive, multi-jurisdictional legal advice at the times most beneficial to our clients
08/21/2019
Accredited announces two new program underwriting partnerships
Accredited Europe has also extended its program underwriting partnership with First Underwriting Limited
08/20/2019
Germany's central bank just warned a recession could be coming. Its government is prepared to spend $55 billion to fight it.
Finance minister Olaf Scholz is prepared to inject 50 billion euros ($US55 billion), the cost of the last economic crisis to strike Germany.
08/20/2019
Luxembourg’s Transitional Regime For UK Firms In ‘Hard Brexit’ Scenario
Many UK firms currently carry on cross-border services in Luxembourg in reliance on an EU financial services passport
08/20/2019
Corporate Transparency Advances in Three Nations, More Tortoise than Hare
Rather than operating as a passive recipient of data
08/20/2019
Henley & Partners: Rising Anxiety Over Impact of No-Deal Brexit on Britain's Passport Power
As millions return from their visa-free summer holidays abroad, and the more than five million British passport holders living permanently outside the UK anxiously consider their alternative citizenship options
08/19/2019
The LSE must up its game if it is to be a strong symbol of the UK on the world stage
The LSE has somehow clung to UK ownership and, of late, it has even become emblematic of the national psyche.
08/19/2019
Germany may ease fiscal policy but (unfortunately) not now – Danske Bank
Unfortunately, the fact that Scholz says a package is not imminent also highlights the time lag problem with fiscal policy: It takes time for politicians to recognize the need for fiscal easing and vote in favor of a specific package, and hence when it ha
08/19/2019
Ex-Barclays Wealth boss says bank 'scapegoated' him after FCA ban lifted
Andrew Tinney slammed the bank on Friday, following the reversal of the Financial Conduct Authority’s decision to pursue a ban against him.