08/14/2024
European Commission adopts Regulatory Technical Standards on the ELTIF Regulation
The Commission's adoption of the RTS follows a public consultation and ESMA's final report on the draft RTS in 2023.
Legal, Regulation & Compliance
08/14/2024
ESMA recognises CDS Clearing and Depository Services as Tier 1 CCP following MoU with the British Columbia Securities Commission
On 8 August 2024, ESMA recognised CDS Clearing and Depositary Services Inc. (CDSC) as a Tier 1 CCP under Article 25 of EMIR.
08/14/2024
Inflation rise a reminder of the difficult job facing BoE
The good news is that these figures are slightly better than the market anticipated, which the BoE will be very pleased to see.
08/13/2024
Isa rule changes have made little difference, IFAs say
Opinium global head of financial services research Alexa Nightingale said: “The change in Isa rules came into force in April this year, but appears to have made little impact on savers’ behaviour.
08/13/2024
7.3 million UK adults targeted by pension scammers
Half of survey respondents agreed that scams are becoming more sophisticated and difficult to spot.
08/13/2024
The EBA responds to the European Commission’s Delegated Act postponing the application of the market risk framework in the EU
In that context, the EBA also clarifies that the points it made in another no-action letter on the same topic issued in 2023 should remain applicable.
08/13/2024
Finma has gone too far, says Swiss Blockchain Federation
Swiss Blockchain Federation says Finma’s approach to stablecoins will make it impossible for Swiss issuers to participate in the market.
08/12/2024
The EBA amends technical standards specifying the data collection for the 2025 benchmarking exercise
Therefore, both the content and the sample of banks for the data collection in the area of market risk remain the same as in the 2024 exercise.
08/12/2024
German Federal Fiscal Court Confirms Tax Treatment of Carry Income as Disproportionate Profit Allocation
Historically, the beneficial taxation was acknowledged by German tax authorities strictly within the limits of Section 18
08/12/2024
Renewed concerns over state pension errors as LCP launches tool
This comes after former pensions minister and LCP partner Steve Webb identified a new group of cases where DWP appears to be making errors.
08/09/2024
HMRC issues new ‘nudge letter’ to crypto owners suspected of failing to pay correct tax
Accountancy firm BDO wants that this letter is targeted at those the tax authority knows have ‘disposed’ of crypto assets
08/09/2024
LGT Capital Partners expands its semi-liquid open-ended solutions with two private equity and private credit vehicles
The open-ended private equity strategy invests through diversified portfolios of secondaries and co-investments.
08/09/2024
The EBA publishes results from its first fact finding exercise on creditworthiness assessment practices of non-bank lenders
The EBA will continue monitoring the activities of NBLs through its biennial Consumer Trends Report
08/09/2024
Private markets pros admit to last-minute regulatory planning: research
The CSC study, which focussed on the role of special purpose vehicles (SPVs) in optimising private market investments, highlighted challenges in responding to regulatory changes.
08/09/2024
Navigating the Summer Surge: HR Considerations for UK Businesses
To navigate this busy period effectively, employers must consider the most suitable options
08/09/2024
Barclays scraps EU bonus cap for senior bankers
"It will allow us greater flexibility to differentiate individual bonuses within a small and defined group of colleagues," he added.
08/08/2024
FCA announces further expansion of Leeds office, creating more jobs in the region
The refurbishment project will begin late summer, and the new space will open in the autumn.
08/08/2024
FCA's VFM framework unlikely to deliver 'significant step change' in short term
Greer said the lengthy process to reach the consultation launch shows the challenges in achieving consensus on metrics.
08/08/2024
FCA progresses framework to drive long-term value for workplace pension savers
The joint framework would be used by pension providers and those making decisions on behalf of savers to provide greater transparency over how schemes are performing.
08/07/2024
Freshfields advises BNP Paribas on entering into exclusive negotiations with AXA for the acquisition of AXA IM and a long term partnership in asset management
The signing of the proposed transaction, expected by the end of the year, is subject to the information process and consultation of the employees’ representative bodies.