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Legal, Regulation & Compliance

09/25/2017

Prosecutor wants to discover trail of €10bn that went offshore

The statistics were only published again on the finance department portal following a decision by the current secretary of state of tax affairs after the ministry detected a total of about €10 billion.

09/22/2017

Asset managers must beef up cyber security defences

The price tumble indicates they were surprised by the latest hack.

09/22/2017

A trust, a Swiss bank and three absent beneficiaries: court case raises questions about dormant accounts

Worldwide, he told the court, there are “tens of billions” of dollars in dormant accounts which often come to light only when banks merge or wind down parts of their operations.

09/21/2017

Herbert Smith Freehills - Financial regulation update

FCA policy statement on transaction cost disclosure in workplace pensions

09/21/2017

GDPR - Should you be worried?

The legislation is known as the General Data Protection Regulation … GDPR for short.

09/21/2017

Hong Kong and UK regulators join forces on fintech

The IA will consider signing similar cooperation agreements with insurance regulators in other jurisdictions.

09/21/2017

Ashurst makes flexible working official in London and Glasgow

Ashurst has formalised its flexible working arrangements for UK staff, outlining the options available for lawyers and business support employees.

09/21/2017

Old Mutual teams up with CII to offer DB transfer training

The move comes despite scepticism among some advisers over providers’ plans to enter the DB transfer space.

09/21/2017

Competition watchdog to probe master trusts

The Competition and Markets Authority will be investigating including whether difficulties in assessing.

09/21/2017

UK banks to check 70m bank accounts in search for illegal immigrants

Immigration status is very complex, and the Home Office consistently gives out incorrect information and guidance.

09/20/2017

Herbert Smith Freehills - Financial regulation

PSD2: FCA Approach Document and final Handbook changes

09/20/2017

MiFID II: authorisation and variation of permissions

Such firms will therefore also need to have contingency plans in the event that by 3 January 2018 they do not have the required permissions.

09/20/2017

UK accounting watchdog clears KPMG over audit of collapsed lender HBOS, rescued in 2008 by Lloyds Banking Group

HBOS – the merged Halifax/Bank of Scotland group - had been one of the UK’s biggest lenders but required emergency government assistance to keep it afloat during the financial crisis

09/20/2017

Culture and conduct - extending the accountability regime

Speech by Jonathan Davidson, Director of Supervision – Retail and Authorisations at the FCA, delivered at City and Financial Summit, London.

09/20/2017

Retirement interest-only mortgages proposed by FCA

The customer must still be able to afford the ongoing interest payments.

09/19/2017

EU regulators approve RBS plan to help challenger banks

The plan involves the setting up of a capability and innovation fund and an incentivized switching scheme.

09/19/2017

Legal team celebrates success at awards

The awards are seen as the hallmark of quality within the legal industry.

09/19/2017

FCA finalises revised Payment Services Directive (PSD2) requirements

The Financial Conduct Authority has today published its approach to implementing the revised Payment Services Directive.

09/19/2017

European Commission approves Nordea and DNB plans to enter into a merger in the Baltics

The transaction will not affect customer service and business will continue as usual.

09/18/2017

Linklaters launches key client committee to ‘coalesce the force’ of the firm

Banking head Tony Bugg chairs new committee as Moore continues strategy roll out

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