10/02/2023
Finance Committee Republicans press IRS chief counsel nominee on Pillar Two, Inflation Reduction Act guidance
William Paul, the current principal deputy chief counsel, has been serving as acting chief counsel in the interim.
Legal, Regulation & Compliance
10/02/2023
FCA confirms leasehold buildings insurance reforms
Insurers will also be required to ensure that their insurance policies provide fair value to leaseholders and provide important information about their policy and its pricing
10/02/2023
Dutch government mandates accounting for employee mobility
This includes employee distance travelled by means of transport and fuel type.
10/02/2023
NatWest employee jailed over £1mn theft from customers
A number of the accounts were held by people who lived outside the jurisdiction, the majority of which had significant balances in them.
10/02/2023
Watchdog installs monitor at Deutsche Bank after surge in Postbank complaints
The issue is a setback for Deutsche Bank's effort to restore credibility after fines for lapses in money laundering controls, raids by authorities and other penalties.
09/29/2023
FCA takes action against Darren Reynolds and Andrew Deeney of Active Wealth for dishonest pension transfer advice
These payments were funnelled via companies connected to Mr Reynolds and were intentionally designed to disguise their true origins.
09/29/2023
Quilter Cheviot Jersey to establish new financial planning capabilities
His appointment will be followed by a number of financial planner hires as the Jersey office grows its client-facing team on the island.
09/29/2023
Esma work programme to focus on digital change and the green transition
2024 will be an important year for the European Union as a whole, with a new Parliament and Commission following the elections next June.
09/29/2023
FCA to send another financial resilience survey
They will receive an automated reminder via RegData when the return is available for submission.
09/28/2023
FCA set to launch private markets review
The regulator is preparing to look into valuations in private markets.
09/28/2023
Swiss banking stands before the courts of morality
Of course, it can be argued that these specific incidents happened many years ago - and the world has changed in the meantime.
09/28/2023
Addleshaw Goddard: Financial Services & Banking News
The consultation sets out the PRA's proposed clarifications and amendments when capitalising foreign exchange exposures under the market risk capital framework.
09/27/2023
The EBA second mandatory exercise on Basel III full implementation shows a significantly reduced impact on EU banks with shortfalls nearly fully absorbed
The overall impact includes the economic impact of the Covid-19 pandemic that had materialised up until December 2022, the reference date of this Report.
09/27/2023
UK Regulators Come Together to Warn Against Using Harmful Online Design
Both regulators stressed their commitment to take formal enforcement action where necessary to protect consumers.
09/26/2023
The FCA and PRA propose measures to boost diversity and inclusion in financial services
The proposals include new rules and guidance to make clear that misconduct such as bullying and sexual harassment poses a risk to healthy firm culture.
09/26/2023
ECB needs to be cautious about doing too much on rates - Villeroy
The ECB raised its main interest rate to a record high 4% this month after 10 successive hikes, but signalled a pause in October.
09/26/2023
FCA: financial knowledge must improve for markets to thrive
The authority outlined that, for them, “confidence is key” as “markets work well if there is investor and consumer confidence”.
09/26/2023
FCA: Changes to listing rules will make UK 'market of choice'
Under planned changes the FCA would replace its existing ‘standard' and ‘premium' listing segments with a single category for equity shares in commercial companies.
09/25/2023
EBA launches 2023 EU-wide transparency exercise
The EBA expects to publish the results at the beginning of December, together with the annual Risk Assessment Report.
09/25/2023
Advice/Guidance review may lead to simpler advice services as part of a wholesale review, says FCA
All of which would help them make better informed financial decisions.