11/21/2018
Jersey funds choosing Carey Olsen according to new industry research
Carey Olsen now provided legal advice to 670 such funds at the end of June 2018
Legal, Regulation & Compliance
11/21/2018
Advisers warned of Mifid II crackdown next year
Rory Percival, a former technical specialist at the FCA, said it would be "daft" of the regulator not to take these two issues together and combine them with a review of whether advisers are complying with product governance rules.
11/20/2018
Guernsey’s green focus – home and away
Earlier this year Guernsey was recognised by the think-tank Z/Yen as an emerging global player in green finance.
11/20/2018
IOSCO members found mostly compliant with Principles for Commodity Derivatives Markets
The survey provided an opportunity for IOSCO members to self-audit their current regulatory practices
11/20/2018
Deutsche Bank Named in Danske Bank Money Laundering Scandal
The German firm allegedly helped facilitate more than half of the illicit dealings undertaken by the Danish bank
11/20/2018
Japan and France sign fintech pact
These cooperation frameworks also include referral mechanisms for financial innovators which will therefore facilitate their entry into French or Japanese markets.
11/20/2018
Ireland Updates Guidance On Islamic Finance-Compliant Bonds
The guidance has been updated to reflect an evolution in the structure of sukuks
11/20/2018
SocGen to pay $1.3 billion to settle U.S. sanctions case
“The absence of an effective, global sanctions-compliance infrastructure and lack of management oversight allowed Société Générale employees to ignore the scope and applicability of laws governing economic sanctions, as w
11/20/2018
Barclays not liable to buyers of U.S. IPO before 2008 crisis: appeals court
Barclays was accused of concealing 21.6 billion pounds (then about US$42 billion) of mortgage-backed securities and other risky assets insured by monoline insurers, and a March 2008 “directive” by the U.K. Financial Services Authority requirin
11/20/2018
Footballer slams advisers for 'brainwashing' young players
Since the TV money got big and players of my generation started retiring, problems have become bigger.
11/19/2018
The Bank of Canada, Bank of England and Monetary Authority of Singapore share assessment on emerging opportunities for digital transformation in cross-border payments
The report examines existing challenges and considers alternative models that could in time result in improvements in speed, cost and transparency for users.
11/19/2018
Understanding EU anti-money laundering law
This article highlights key aspects of the EU’s fourth and successive directives, which are an important part of Europe’s response to financial crime.
11/19/2018
Draft EU Exit SIs for investment funds and their managers
The draft SIs are provided, alongside explanatory policy notes.
11/19/2018
KPMG named a global market leader in Organization Strategy Consulting
KPMG’s Connected Enterprise framework is noted as driving ‘end-to-end business transformation’.
11/19/2018
UBS Has $6 Billion Question; French Judges Will Give Answer
The attorneys were relentless in questioning the truthfulness of whistle-blowers who helped trigger the probe.
11/19/2018
UK reaffirms commitments to Jersey in Brexit negotiations
The letter provides confirmation that these objectives have been secured.
11/18/2018
2018 G-SIBs list and framework
One bank has been added to the list and two banks have been removed from the list and therefore the overall number of G-SIBs decreases from 30 to 29.
11/18/2018
FSB reports: Correspondent banking
Access to correspondent banking relationships remains a critical issue in some regions and jurisdictions.
11/18/2018
Promoting the UK as an investment destination
Chief Secretary to the Treasury, Elizabeth Truss visits Latin America to build relationships with Brazil and Chile.
11/18/2018
Financial services legislation under the EU (Withdrawal) Act 2018
HM Treasury’s programme of secondary legislation to ensure that the UK continues to have a functioning financial services regulatory regime in all scenarios, when the UK leaves the EU in March 2019.