01/27/2023
Harneys wins Caribbean Law Firm of the Year - Citywealth IFC
The winners are those judged to have excelled in achievement, innovation, expertise, and service.
Legal, Regulation & Compliance
01/27/2023
UK ‘green’ claims probe should spur governance rethink, says expert
They said the probe also highlights the need for all businesses engaging in product promotions to undertake robust due diligence over the environmental credentials of their products to verify that what they claim publicly on packaging and in marketing mat
01/27/2023
Withers tech advises as ETF Partners co-leads a £50 million Series C funding round into The Modern Milkman
ETF Partners is a UK-based venture capital fund focused on identifying and backing high-potential start ups with a positive impact.
01/27/2023
Addleshaw Goddard: Financial Services & Banking News
The proposals set out in the consultation paper provide the Bank of England with new powers and tools to effectively manage the failure of a major insurer, ensuring the UK is aligned with the relevant international standards.
01/26/2023
UK financial adviser charged with 29 counts of fraud
He is accused of duping more than 20 victims out of just over £5m
01/26/2023
FCA issues statement of objections to 3 money transfer firms
As a result of this conduct, consumers in Glasgow may have been overcharged for sending money to Pakistan.
01/26/2023
Five individuals face conspiracy to insider deal and money laundering charges
All five are also charged with money laundering offences relating to over 170 cash deposits totalling approximately £200,000.
01/26/2023
FCA highlights areas of focus for firms implementing the Consumer Duty
Firms will also see the benefits of the Duty, with increased trust in the sector, more flexibility to innovate and in time fewer rule changes.
01/26/2023
Former Janus Henderson analyst charged by FCA with insider trading
Between 2019 and 2021
01/26/2023
Commerzbank sues EY over €200 million Wirecard loss
Wirecard had a credit facility of €200 million with Commerzbank, of which about 90% was drawn at the time of its undoing.
01/25/2023
FCA Consumer Duty review shows industry cannot let up on implementation plans
Time is ticking in terms of getting processes and actions in place and this review highlights that as an industry we cannot take our foot off the gas.
01/25/2023
FCA accuses three money transfer firms of price fixing
The Competition Act 1998 prohibits agreements, practices and conduct that may damage competition in the UK.
01/24/2023
Treasury confirms it was warned about Safe Hands ahead of collapse
The collapse came after around 46,000 people paid as much as £4,195 each to Safe Hands before it went bust.
01/23/2023
Ninth UK advice firm fails in 2023
FSCS has already received eight claims against the company – but five have been rejected
01/23/2023
DORA new security incident management rules for financial services
The European Supervisory Authorities (ESAs) will have a significant role to play incident management.
01/23/2023
Mourant named overall leading funds adviser in Jersey for another year
Mourant has secured the overall top spot in the rankings for serviced and distributed funds, advising 939 investment funds.
01/23/2023
European Central Bank to raise deposit rate to 3.25% by mid-year - Reuters poll
Prices rose 9.2% in December from a year earlier, official data showed last week.
01/20/2023
Esma consults on post-trade transparency
ESMA sent a positive opinion on the latter regulatory technical standards at the end of 2022.
01/20/2023
Advice firm surrenders licence just two years after launch
The business was set up by Rob O’Connor and Chris Connor.
01/20/2023
Addleshaw Goddard: Financial Services & Banking News
The publication will be of particular interest to banks, private equity firms, asset managers, owners and mortgage real estate investment trusts