11/16/2022
Banks told to strengthen borrower monitoring procedures after Arena collapse
Account management lacked active oversight and robust control processes and automated transaction monitoring and data capabilities were insufficient
Legal, Regulation & Compliance
11/16/2022
EBRD supports energy security in Romania
Premier Energy SRL supplies gas to retail, industrial and commercial end-users in Romania.
11/16/2022
White & Case advises Intrum on Piraeus Bank’s €500 million NPL securitsation
Piraeus and Intrum have agreed that Intrum Hellas will act as servicer of the Sunrise III portfolio, and Intrum has agreed to acquire approximately 44 percent of the mezzanine and junior notes of the securitisation.
11/16/2022
Swiss National Bank Chairman Hints Again at Future Rate Hikes
The market expects the SNB to hike rates at its next monetary policy meeting on Dec. 15, a forecast Jordan acknowledged, adding market expectations had the SNB's policy rate rising to 1.5% to 2% in the next two years.
11/16/2022
Former FCA chair warns Financial Services Bill 'risks regulators' independence'
Calls to leave institutions alone
11/16/2022
Steve Webb: Auto-enrolment passes its toughest test yet
And cost of living pressures would have had to be pretty acute to lead them to give up their workplace DB benefits and associated employer contributions.
11/15/2022
LTA freeze to put £2bn in Treasury coffers
Consumers are being ‘punished’ for saving into a pension amid high inflationary environment
11/15/2022
Changing the approach to ESG regulation after Brexit
'Clear divergence from the EU'
11/15/2022
Clients pull £3.2bn from Ninety One's funds amid 'risk off' environment
Chief executive of Ninety One, Hendrik du Toit, said the company is a “predominantly long only” one, inherently exposed to the price volatility of the financial assets in which clients’ capital is invested.
11/15/2022
FCA needs to engage more with the cryptoassets sector
Also when members of the community came to speak to the committee in 2018, we asked for improvement in getting bank accounts for crypto firms in the UK.
11/15/2022
Germany steps up emergency cash plans to cope in blackout
German authorities are stepping up preparations for emergency cash deliveries in case of a blackout to keep the economy running, four people involved said, as the nation braces for possible power cuts arising from the war in Ukraine.
11/14/2022
BoE official signals tough stance on CCP skin in the game
Default waterfalls must include a second tranche of CCP capital, says Cunliffe
11/14/2022
Cross-border hybrid and remote working – what next?
Following the OTS review of hybrid and distance working, where could simplification benefits be achieved for employers, employees and HMRC?
11/14/2022
Regulators tell savers to ‘stay on guard’ over scams
The watchdogs have not yet seen evidence of an increase in scams.
11/14/2022
Eight firms liquidated after FCA intervention
The Financial Services Compensation Scheme is considering claims against these firms, and has set up specific online pages for Cavendish and Marvell.
11/14/2022
French, German central bank chiefs urge faster pace on EU capital markets union
France and Germany have been at loggerheads over the last month and have postponed a summit to try and resolve their differences.
11/14/2022
European regulators will struggle to supervise crypto groups, warns ECB
Crypto asset providers are ‘animals with whom it is difficult to engage’, says chair of bank’s supervisory board
11/11/2022
Feifa chairman wants more clarity over fees in Europe advice market
David Vacani spoke with IA about his ambitions in newly appointed role at the professional body
11/11/2022
UK Retained EU Law Bill’s impact on intellectual property
EU law has had a profound impact on the UK legal system relating to IP, including harmonisation around trade mark, design and copyright law.
11/11/2022
Basel trustee firm receives Finma licence
Atag Swiss Trustees was founded in 1945 and is part of the Atag Group.