02/28/2019
Capital Markets Union: Commission welcomes agreement on EU rules on covered bonds
The agreed rules aim to foster the development of covered bonds
Legal, Regulation & Compliance
02/28/2019
Carey Olsen advises on growth debt fund
Kreos has already started to deploy capital from the fund and expects to commit some €250 – 300 million per annum over the coming years.
02/28/2019
Qatar, China, Japan sought 'extras' after Barclays 2008 fundraising: court
Former CEO John Varley and some of his most senior former colleagues - Roger Jenkins, Tom Kalaris and Richard Boath - are charged with conspiracy to commit fraud by false representation
02/28/2019
HMT advisory notice on money laundering and terrorist financing controls in overseas jurisdictions
FATF regularly publishes statements that identify high-risk countries based on assessments of their AML/CTF regimes.
02/28/2019
EU Parliament Urges to Abolish 'Golden Visas' for Foreign Investors
Dariusz Rosati, a member of the European Parliament from Poland, in particular mentioned several money-laundering cases that involved EU banks, Russian capital and Russian citizens, claiming that "golden visas" often bring benefits to Russian ol
02/28/2019
City Financial files intention to appoint administrator as reviews options
City Financial had filed a “notice of intention to appoint administrators” as a protective measure while the board considers its next steps, Hain said.
02/28/2019
Government Toughens Up its Plans for a Stronger Pensions Regulator
The Government will legislate to introduce a range of new offences relating to workplace pensions.
02/28/2019
Crypto Tax Update: HMRC Publishes Guidance on the Taxation of Cryptoassets for Individuals
With this in mind, individuals who hold cryptoassets should consider closely the Guidance on the self-assessment return which they are due to file, despite the late arrival of the Guidance.
02/28/2019
FCA warns Mifid rules aren't being followed correctly
The FCA’s Call for Input sought feedback on a number of issues, including the scope of PRIIPS regulations, summary risk indicators and performance scenarios.
02/27/2019
EU Court Nixes Suspension of Latvian Bank Official
The opinion notes that Rimsevics has called the allegations against him “highly implausible,” given that the private bank he is accused of assisting ceased trading in 2016 and has gone into liquidation.
02/27/2019
Dublin calling: Ireland cashes in on Brexit jitters
Hermes Investment Management, which is headquartered in London and has £33.5 billion (38 billion euros, $43 billion) in assets under management, is another one of the companies setting up new offices in Dublin.
02/27/2019
European Commission speech on FinTech
Speech at the Afore Consulting - 3rd Annual Fintech Conference
02/27/2019
Cyprus pushes to bring crypto assets under EU money laundering rules
Тhe EU directive sets a new legal framework for European financial regulators to monitor crypto-related businesses and service providers in order to protect against money laundering and terrorism financing.
02/27/2019
European banks in money laundering scandals: what lessons for the EU?
Over the past few years, the European Union (EU) has strengthened its anti-money laundering rules and regulations.
02/27/2019
Time to act – Luxembourg’s UBO Register coming into force
All of these registers are designed to contribute to global government efforts to increase financial and business transparency.
02/27/2019
Commission Welcomes Agreement on EU Rules on Covered Bonds
The agreed rules aim to foster the development of covered bonds - financial instruments issued by banks to fund the economy
02/27/2019
Santander hit with £91m fines as branch closures loom
The company set aside the money in the 2018 financial year and expects the payouts to happen in 2019 as it continues to review the situation.
02/27/2019
Barclays and Bank of Ireland sued over film finance tax evasion scheme
It said it was not possible to predict the possible aggregate impact of the litigation, but said it “could be significant”.
02/27/2019
EU Parliament and Council reach political agreement on low carbon benchmarks
EU Paris-aligned benchmarks, which have the more ambitious goal to select only components that contribute to attaining the 2°C reduction set out in the Paris climate agreement.
02/26/2019
FCA plans to return £2.5m to UCIS 'land banking' victims
These schemes involved the unlawful selling of plots of land.