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Legal, Regulation & Compliance

03/10/2023

Norway's wealth fund investigates firms suspected of financial crime

The Norwegian fund is forbidden by parliament from investing in companies that produce nuclear weapons, landmines or tobacco, or that are implicated in crimes such as money laundering, tax evasion or human rights violations.

03/10/2023

4 bankers have been accused of helping Putin launder $50 million

Putin is believed by some to have accrued vast wealth during his time as Russian leader.

03/10/2023

AXA IM gains French crypto licence for tokenised funds

Looks to tokenise funds

03/10/2023

EU regulator should rethink fund labelling proposals, says industry

Definitions in consultation paper need more clarity, according to leading players in the sustainable and impact investing sector.

03/10/2023

Two sides of the same coin – delivering monetary and financial stability timelessly

Speech by Sarah Breeden

03/10/2023

FCA confirms help for mortgage borrowers struggling with payments

Today’s publications build on work the FCA has already done to make sure firms treat customers fairly and support those struggling financially due to the rising cost of living.

03/10/2023

Is it time to scrap the money purchase annual allowance?

The MPAA limit is restrictive if retirees are returning to work, which the government is encouraging

03/10/2023

Hargreaves Lansdown removes fees on Junior and Lifetime Isas

This applies to all Lifetime Isa accounts and is a permanent change.

03/09/2023

‘Failure to prevent economic crime’ duty proposed for UK regulators

Its aims would also be to provide information and advice on whistleblowing, and to act on evidence of detriment to the whistleblower according to any guidance the secretary of state sets out in regulations.

03/09/2023

Bank of England, FCA, PRA and PSR conduct 2022 review of Memorandum of Understanding for payment systems in the UK

Senior representatives from the BoE, FCA, PRA and PSR have considered whether cooperation pursuant to the MoU is working well.

03/09/2023

Treasury announces Mifid II investment research review

City minister Andrew Griffith will announce the review today in a speech at a FIX trading event.

03/09/2023

Central bank chiefs toughen rhetoric against inflation

Powell and Lagarde speak

03/08/2023

Bank CRO’s can boost resilience and build operational efficiencies – takeaways from McKinsey’s CRO survey

At Wolters Kluwer we have long preached the need for a holistic, integrated, institution-wide approach to risk management and the benefits it brings to banks.

03/08/2023

How to bridge the valuation gap in Ireland’s thriving PE market

Challenges to deal-making remain, though – including how to reconcile the different valuations would-be sellers and buyers are placing on target companies.

03/08/2023

Morningstar asks Praemium staff to work longer hours for same pay

They said employees are concerned that they will be worse off in a difficult financial climate with the increasing cost of living.

03/08/2023

Financial Services and Banking News

The Bank is repeating its resolvability assessment of the major UK firms

03/07/2023

£400m wealth management firm accelerates national expansion via new partnership

At the heart of the partnership is ThinCats’ ability to provide MWA with access to its pool of transitional debt capital, which provides existing IFAs with a “distinctive and attractive” alternative to the large number of consolidators i

03/07/2023

Addleshaw Goddard: Financial Services & Banking News

The inquiry coincides with the 25th anniversary of the Bank of England Act 1998, which gave the Bank independence, and will examine how operational independence is working.

03/07/2023

Linklaters acts for joint lead managers of record Luxembourg sovereign bond issue

The bonds are listed on the regulated market of the Luxembourg Stock Exchange.

03/07/2023

Two individuals face FCA fines for ‘flawed’ DB transfer advice

Both partners held approved person status at their firm.

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