03/18/2019
EU to probe where retail investors are getting a fair deal
Commission is concerned that so few Europeans invest in capital markets
Legal, Regulation & Compliance
03/18/2019
Dechert lawyers embrace denim with new relaxed dress code
Dress-down every day
03/18/2019
Retired IFA who duped victim out of £50K jailed
Ms Chiswell, who was aged 88 and a double amputee, passed away before the Crown Prosecution Service decided to charge Price.
03/18/2019
UK bankers on standby as City readies no-deal contingency plans
JP Morgan, Goldman Sachs and others poised to move staff to EU offices by 29 March
03/17/2019
Appleby shortlisted as International Law Firm of the Year
Appleby has a thriving private client and trusts practice in some of the most well-regulated and highly regarded offshore jurisdictions for the creation and administration of trust structures.
03/17/2019
FCA puts the spotlight on debt management firms
The FCA has commenced supervisory action in these cases and opened an enforcement investigation in one case to date.
03/17/2019
EU Exit: FCA endorses EU credit ratings and ESMA endorses UK credit ratings in case of no-deal Brexit
The FCA can confirm that the EU regime is ‘as stringent as’ the UK’s regime for the purpose of the endorsement requirements.
03/17/2019
EBA notes good progress in convergence of supervisory practices across the EU
The latter is a new consideration given the relatively new entry into force of the Bank Recovery and Resolution Directive.
03/15/2019
ESMA includes MiFID ii and MiFIR in its interactive single rulebook
Their Lordships explored the scope of the EU and UK obligations in relation to financial services under the WTO Agreement and on free trade agreements.
03/15/2019
Freedom of information reform – how could it affect the charity sector?
There are a limited number of charities currently subject to the FOIA legislation.
03/15/2019
Agreement reached on a provisional deal on clearing houses rules
They also take on counterparty risk by stepping in between the seller and the buyer, thereby providing guarantees that the transaction can be completed.
03/15/2019
Court of Justice of EU holds Hungarian exchange-rate risk contract term contrary to EU law
The cancellation of the contract must be possible where it cannot continue to exist without the unfair term
03/15/2019
Clarifications relating to combatting money laundering and terrorist financing - Ogier
This briefing focuses particularly on the anti-money laundering and combating the financing of terrorism (AML/CFT) provisions set out in sub-chapter 5.4 of the Circular.
03/15/2019
UBS Sued by Alleged Rape Victim
She also asserts that she was disadvantaged by disclosing more than she needed to in an investigation into the rape, only to be denied access to an outside law firm's findings on UBS' handling of the matter.
03/15/2019
Implementation of ATAD in Malta by Anjelica Camilleri de Marco
ATAD was enacted to prescribe common standards with a view to coordinating the implementation by EU Member States of the OECD’s BEPS action items, in particular by introducing principle-based rules in relation to interest limitation, controlled fore
03/15/2019
EU Lawmakers Demand Sanctions Against Troika Laundromat Bankers
The signatories stated that the Troika Laundromat, along with previous money laundering scandals, has “revealed the EU’s vulnerability and unpreparedness to fight financial fraud and money laundering”.
03/15/2019
AJ Bell and Hargreaves hail DFM inclusion in exit fee ban
Andy Bell denounces exit fees in other parts of the market as ‘punitive’
03/15/2019
SJP charge under pressure as FCA consults on exit fee ban
The FCA has this morning announced it is consulting on a ban on platform exit fees
03/15/2019
Swiss bank UBS sets aside €450m for French tax case
UBS appealing French court penalty decision to ‘correct the mistakes’ of a prior ruling
03/15/2019
Swedbank Report Showed $10 Billion 'Suspicious' Baltic Payments: Swedish TV
SVT said the report, which Reuters has not seen, showed a large number of suspicious clients had moved 3.2 billion euros ($3.6 billion) and $6.7 billion between the two banks, more than double the number SVT had previously identified.