04/04/2024
CBAM boss: The FCA presumes bespoke is costly but it’s not
While some wealth managers choose to focus on their MPS teams, Close Brothers CEO Eddy Reynolds believes bespoke can work for clients and advisers.
Legal, Regulation & Compliance
04/03/2024
SO FX Ltd in creditors’ voluntary liquidation
SO FX Ltd entered into a creditors’ voluntary liquidation on 25 November 2021 and Evelyn Partners was appointed as liquidator.
04/03/2024
Linklaters advises the Trustees of the De Beers UK Pension Scheme on an £870mn full buy-in with Pension Insurance Corporation plc
The transaction secures the pensions of 473 deferred members and 1,464 pensioner members of the Scheme, which is sponsored by De Beers UK Limited.
04/03/2024
Former asset manager and board member of a Geneva private bank referred to the Federal Criminal Court
The accused is charged with having, between 2009 and 2015, unduly disposed of more than CHF 14 million-worth assets in a bank account in Switzerland entrusted to him by a client.
04/03/2024
Ex-Geneva private bank board member charged with money laundering
The accused is also alleged to have unduly disposed of more than CHF 14m of assets without his client’s knowledge.
04/03/2024
Amsterdam team advises ABN AMRO Bank N.V.
The acquisition includes Inntel Hotels Rotterdam Center and the adjoining Mainport by Inntel Hotels
04/03/2024
Financial Services & Banking News
The European Insurance and Occupational Pensions Authority (EIOPA) has launched an EU-wide stress test for the insurance sector
04/03/2024
Norton Rose Fulbright advises UniSuper, Pension Protection Fund and APG on one of Australia’s largest forestry deals
The Norton Rose Fulbright team advised on all aspects of the transaction
04/02/2024
Commission rolls out plans for a European degree
A European degree will benefit students by boosting learning mobility and by making graduates more attractive for employers.
04/02/2024
ESMA provides market participants with guidance on the clearing obligation for trading with 3rd country Pension Schemes
Additionally, ESMA recommends that NCAs apply their risk-based supervisory powers in their day-to-day enforcement of applicable legislation in this area in a proportionate manner.
04/02/2024
Stuart Bayes found guilty of insider dealing 
Mr Bayes was employed as a site manager at UK plastic manufacturer, RPC Group Plc (RPC).
04/02/2024
What is so ‘groundbreaking’ about the UK-Switzerland Berne Financial Services Agreement?
Under the principle of deference, UK and Swiss firms will be able to provide specific financial services in the host country
04/01/2024
European banks believe EU SEPA instant timelines are unrealistic
Nearly a third aren’t confident of meeting EU deadlines and 77% of banks think the benefits of instant payments outweigh the costs
04/01/2024
The third phase of UK Charities Act 2022 reforms
Trusts and unincorporated associations can now amend their governing documents using a new statutory power.
04/01/2024
Bank of England, FCA, PRA and PSR conduct 2023 review of Memorandum of Understanding for payment systems in the UK
The MoU continues to set out the high-level framework the Authorities use to cooperate in relation to payment systems in the UK.
03/28/2024
The EBA launches call for papers for its 2024 Policy Research Workshop
The workshop aims at bringing together economists and researchers from supervisory authorities and central banks
03/28/2024
Technology Working Group publish second fund tokenisation report
The City Minister’s industry group for examining the impact of technology on the UK’s investment management sector publishes its second report.
03/28/2024
The Supreme Court determines the exposure of overseas websites to UK trade mark infringement claims
The case impacts any overseas website selling into the UK market
03/28/2024
Carey Olsen and Oakbridge Advise Sullivan Street Partners on Wave Group Investment
The Carey Olsen team advising Sullivan Street Partners comprised corporate partner Chris Griffin and associate Marco Carossa.
03/27/2024
SG money laundering suspect charged with submitting fake docs to Julius Baer
Turkish national suspect Vang Shuiming faces six new charges, including using forged financial statements to open an account at the Swiss private bank's Singapore branch.