07/19/2022
Dutch Central Bank fines Binance EUR3.3m
The fine was increased from a basic amount of EUR2 million because Binance has a "very large number of customers" in the Netherlands and the violations took place over a long period of time.
Legal, Regulation & Compliance
07/19/2022
FCA sees employee numbers fall slightly as it bolsters staff support
The City watchdog delivered 2,960 virtual classroom training days over the year with 38 per cent of colleagues attending at least one of these formal training events.
07/19/2022
New Vatican Policy Orders Foreign Investment Accounts Closed
The Secretariat of State, the Vatican's most important department that oversees diplomacy and all other departments, was already stripped of control over its funds in 2020.
07/19/2022
‘Unscrupulous’ online broker shut down for misleading investors
But when investors tried to withdraw their funds, they were either charged a “substantial fee” or their investments significantly reduced in value, the Insolvency Service said.
07/19/2022
Dutch central bank fines Binance 3.3M euro for operating without registration
The registration application is currently under review.
07/19/2022
Linklaters named a finalist in 2022 UK Social Mobility Awards
Linklaters is committed to leveraging its expertise and resources to delivering positive social impact.
07/19/2022
Credit Suisse says Greensill recovery will cost clients $291mn
Swiss bank is braced for five years of court battles and disputed insurance claims
07/18/2022
Chancellor reaffirms the UK’s unwavering support for Ukraine at first G20 meeting
Chancellor of the Exchequer Nadhim Zahawi virtually attended the G20 Finance Ministers and Central Bank Governors under the Indonesian Presidency.
07/18/2022
EIB Group and RLB Steiermark join forces to provide additional lending to small and medium enterprises and mid-caps
The portfolio is set to be equal to four times the EIB's guarantee amount.
07/18/2022
Will the ECB unveil its new ‘anti-fragmentation’ tool?
Market Questions is the FT’s guide to the week ahead
07/18/2022
Bank of England battle looms over deregulation plan set to prime City for ‘Big Bang 2.0’
Sunak and Zahawi back bill ditching EU rules and allowing ministers to question regulatory decisions
07/18/2022
Some reflections on Monetary Policy past, present and future − speech by Michael Saunders
Given at the Resolution Foundation
07/18/2022
EU wants to put a big stop to Swiss banks
The European market is of central importance for Swiss banks, especially since tax disputes with various countries have been settled in recent years.
07/18/2022
FCA fines investment manager £2mn in third cum-ex case
The trading, the FCA said, appeared to have been carried out to allow the arranging of withholding tax reclaims in Denmark and Belgium.
07/18/2022
Belarus sanctions: a guide for UK businesses
This guide provides an overview of the position relevant to UK businesses and overseas businesses with UK operations.
07/15/2022
How the UK will regulate for the future
The US and UK will deepen ties on crypto-asset regulation and market developments – including in relation to stablecoins and the exploration of central bank digital currencies.
07/15/2022
Doubts over UK Online Safety Bill should not delay business preparations
The system of regulation proposed under the Online Safety Bill would introduce obligations on online service providers based on categorisation of risk.
07/15/2022
Gibson Dunn Recognized in Chambers High Net Worth 2022
The firm was recognized with a top tier ranking in China: Private Wealth Disputes.
07/14/2022
Carey Olsen and Highvern lead on launch of Capital Pilot's systematically driven venture capital fund for UK startups
Carey Olsen acted as lead counsel to Capital Pilot on the fund launch
07/14/2022
Esma issues LEI positioning statement
In particular, in third-country jurisdictions LEIs are not widely mandated beyond dealers of derivatives, therefore a significant number of issuers still do not have an LEI.