04/19/2023
Law firms must transform to retain clients and staff
Without transforming operations in their current form, the firm asserts that the legal sector will struggle to keep its gain or retain both clients and staff.
Legal, Regulation & Compliance
04/19/2023
Bank Reyl Fined Once Again in France
In addition, partner and general manager François Reyl was also convicted in the case involving practices at the bank from 2009 to 2013 and fined half a million euros.
04/19/2023
Russian central bank official sees 2023 growth close to 1%
Russia's economy shrank 2.1% in 2022 under the pressure of Western sanctions and fallout from its military campaign in Ukraine.
04/19/2023
Bank of England finds new use cases for DLT in synchronised setttlement
In this instance, transactions settle using central bank money in an RTGS system.
04/18/2023
Joint Regulatory Oversight Committee sets out recommendations for the next phase of open banking in the UK
This will bring opportunities for new products and services, allowing consumers and businesses to share data and make payments in more convenient and efficient ways.
04/18/2023
Investment manager under investigation by FSCS
FTAdviser understands that the FSCS is in the early stages of investigating whether there are any claims against the firm that meet the qualifying conditions for FSCS compensation.
04/18/2023
EU updates broaden availability of private strategies
Regulation changes open managers' long-term funds to more investors
04/18/2023
The MFSA’s Supervisory Priorities 2023
Consumer Protection and Education - follow ups on supervisory inspections undertaken during 2022 on license holders to ensure all MiFID II requirements are satisfied.
04/18/2023
WTW advises Swiss pension funds to review asset managers due to banking turmoil
Banking sector shockwaves mean pension companies should ‘make any changes deemed necessary’.
04/18/2023
ECB welcomes expert group recommendations on European banking supervision
The report acknowledges that European banking supervision has made good progress in ensuring that banks maintain sufficient capital levels and notes that the current level of capital requirements for supervised banks looks broadly adequate.
04/17/2023
Exchanges and asset managers square off over EU market rules
Exchanges, which earn money from market data, say parliament is going beyond transparency to give investors a trading tool
04/17/2023
FCO one step closer to obtaining unprecedented intervention powers following governmental approval of draft German competition law reform
The draft will now enter the legislative procedure.
04/17/2023
Is the UBS-Credit Suisse Deal on the Brink of Collapse?
By taking that route, approval through an extraordinary session of parliament was to have been a formality.
04/17/2023
IMF: Stress test of shadow banking could hinder sector regulation - reports
‘Distorted picture'
04/14/2023
EU watchdogs eye changes to Sustainable Finance Disclosure Regulation
Comments wanted by 4 July 2023
04/14/2023
CySEC imposes a fine of one million euro on Itrade Global (Cy) Ltd
Penalty issued over company’s failure, among other, to implement policies and procedures to monitor the activities of its Tied Agent in Spain
04/13/2023
Guidance Note: A Look Through the Obligation of Transaction Monitoring
The ultimate goal remains that of minimising the risk of illicit funds entering the Maltese economy, thus safeguarding the integrity and stability of the financial system.
04/13/2023
Norway wealth fund employee sues for workplace gender discrimination
The central bank, which pushes the firms it invests in to have more women on their boards and to combat all forms of discrimination, denies the allegations.
04/13/2023
Swiss Re shareholders approve all proposals at 2023 AGM
Shareholders approved the re-election of Sergio P. Ermotti as the Chairman of the Board of Directors.
04/13/2023
British Steel pension redress scheme legal challenge dropped
This challenge has, in our view, been pursued unreasonably with little intention to go to trial so we are also pleased BSAG has agreed to make a substantial contribution to our costs.