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Legal, Regulation & Compliance

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.

08/06/2024

Unauthorised mortgage broker and others ordered to pay £4m by High Court

The 4 defendants are ordered to pay around £4 million to the FCA.

08/06/2024

Mortgage brokers ordered to pay £4m for exploiting vulnerable customers

The defendants, including a father and son, used two unauthorised firms to run their multimillion-pound mortgage scam.

08/06/2024

Great Point Investments Limited enters liquidation

Great Point Investments Limited is a Small Authorised UK Alternative Investment Fund Manager.

08/05/2024

Unauthorised mortgage broker charged with fraud

Mr Okoh has been charged by the FCA with 3 counts of fraud by false representation and 1 count of carrying on regulated activities without authorisation.

08/05/2024

ESMA publishes data for quarterly bond liquidity assessment and the systematic internaliser calculations

ESMA has published the latest quarterly liquidity assessment for bonds available for trading on EU trading venues.

08/05/2024

IMF proposes ECB take over Clearstream Banking Luxembourg supervision

This suggestion was part of the “technical note on selected issues in banking supervision.

08/02/2024

European regulators say SCA helping to contain payment fraud

European regulators say SCA helping to contain payment fraud

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