04/19/2024
Independent audit confirms that the loans are granted correctly
The audit report confirms the regularity of the lending and classifies the bank's credit policy as conservative
Legal, Regulation & Compliance
04/19/2024
Neil Woodford turns finfluencer
It warned it was considering regulatory action.
04/19/2024
Generali: a new organizational structure for an integrated insurance and asset management group
Starting from June 1st 2024, the Generali Group will operate as a diversified financial group focused on two main businesses: Insurance and Asset Management
04/19/2024
Andy Cole and other ex-footballers join scam victims in HMRC campaign
Campaigners call for an end to the taxman’s perceived harsh tax collection tactics as victims of financial misconduct recount sleepless nights waiting for tax bills.
04/18/2024
Tiller Technologies Supports Regulatory Efforts with Digital ID Solution for International Customers
The Jersey government is actively working with financial Institutions and regulated businesses to promote the adoption of cutting-edge technology
04/17/2024
Pension pressures persist as FCA data reveals a 14.6% surge in lump sums
The latest FCA retirement income data suggests the cost-of-living crisis continued to exert pressure on pension withdrawals in the fiscal year 2022-23.
04/17/2024
MP raises 'serious concerns' about FCA's handling of Woodford scandal
The warning notices given to Woodford and his firm are not the FCA's final decisions
04/17/2024
Norton Rose Fulbright advises financiers on Star Bulk acquisition
The team was led by Norton Rose Fulbright Co-Head of Asset Finance and Head of Greece Yianni Cheilas and Athens partner Evi Platsidaki
04/16/2024
Asset management: common errors when applying for authorisation
Before applying for authorisation, firms wishing to operate in the asset management sector should consider the points below, alongside the relevant information for your type of firm.
04/16/2024
FCA statement regarding motor finance firms’ financial resources
This will help ensure firms are able to act promptly to resolve complaints if we decide the pause should be lifted and complaint handling should resume.
04/16/2024
Nic Cicutti: FCA won’t back down on ongoing charges
Advisers should expect continued scrutiny by the regulator regardless of the name of the regime under which they come
04/16/2024
Financial Services & Banking News
The PRA states it is issuing the statement to respond to clarifications requested by firms
04/15/2024
Ex-Man Utd footballer sues his former SJP adviser over £750k unclear fees
Chris Smalling is suing Klipp Wealth Management, a representative of SJP, for £750,000, alleging it failed to accurately disclose fees.
04/15/2024
Solvency II Review – Matching adjustment reform implementation considerations for 30 June 2024
The PRA will seek to ensure that no unintended changes are made to the PRA’s policy on assets which are considered to have ‘fixed’ cash flows.
04/15/2024
Addleshaw Goddard: Financial Services & Banking News
The 2024 Workplan refreshes the 2023-2024 IOSCO Work Programme.
04/12/2024
The furnished holiday lettings regime checks out
FHL owners who are individuals enjoy tax advantages unavailable to owners of standard property rental businesses.
04/12/2024
ECB holds rates but signals first cut could come soon
Given the Federal Reserve is now expected to resist making any cuts for some time yet, and the Bank of England faces a difficult balancing act, the ECB could well be the first to make a move.
04/12/2024
FCA sets out findings against Link Fund Solutions
In a separate action, the FCA has issued warning notices to Neil Woodford and WIM proposing to take action against them for their conduct in the management of the WEIF.
04/12/2024
Generali Switzerland: Trouble about rental deposits
The provider of digitally processed rental deposits has filed a lawsuit against the Swiss subsidiary of the Italian financial group at the Bern Commercial Court.
04/12/2024
Addleshaw Goddard: Financial Services & Banking News
Under the Digital Operation Resilience Act (DORA), and starting from 2025, financial entities will have to maintain registers of information regarding their use of ICT third-party providers.