06/01/2022
FCA: Good advisers have ‘nothing to fear’ from redress scheme
One adviser argued that the FCA has “zero accountability”, questioning how the FCA can act as the “investigator, judge, jury and executioner”.
Legal, Regulation & Compliance
06/01/2022
Adviser questions SJP after client incurs 2.2% cost
The FTSE 100 advice business announced a change to the investment objective and policy of its Emerging Market Equity fund earlier this month by moving from a single manager to a multi-manager strategy.
05/31/2022
A "UK Listing": the FCA unveils proposals for a new-look UK listing regime to boost growth and competitiveness
As well as making these specific changes, the FCA initiated, as part of its July 2021 Primary Markets Effectiveness Review
05/31/2022
The importance of carrying out regular independent AML audits
The importance and the benefits of carrying out regular independent AML Audits.
05/31/2022
The CSSF sanctions Natixis Wealth Management Luxembourg
The bank took note of the sanction and specified that “as part of its medium-term plan 2021-2024, Natixis Wealth Management has decided to end this non-strategic depository activity, managed in run-off since September 2021”.
05/31/2022
Carey Olsen's Dean Robson named in Channel Islands Top 35 Under 35
Dean's inclusion marks the third straight year he has been recognised by eprivateclient.
05/31/2022
Police raid Deutsche Bank and DWS offices in Frankfurt
Almost 50 officers from Bafin, the Federal Criminal Police Office and the Public Prosecutor’s Office searched the buildings of Deutsche Bank and DWS, according to the city’s prosecutor’s office.
05/31/2022
Beyond Fama-French: alpha from short-term signals
All in all, these results imply that a composite short-term signal strategy can be highly profitable after costs when efficient trading rules are applied.
05/31/2022
German police raid DWS and Deutsche Bank over greenwashing allegations
Asset manager accused of misleading investors about ESG factors in its financial products
05/31/2022
April Hamel Listed For The Second Year As Channel Islands Top 35 Under 35
April joined Accuro in September 2020 as Legal Counsel
05/30/2022
Hogan Lovells advises Erste Group Bank AG
The team led by Jochen Seitz acted as transaction counsel and advised on both German law and Hong Kong law.
05/30/2022
Millions of most vulnerable households will receive £1,200 of help with cost of living
Millions of households across the UK will benefit from a new £15 billion package of targeted government support to help with the rising cost of living, the Chancellor announced
05/30/2022
HM Treasury invites views on capital allowances reform
The paper notes the GBP 11 billion annual cost to the Exchequer that full expensing would entail, and invites views on whether, if this level of funding were available
05/30/2022
Addleshaw Goddard: Financial Services & Banking News
The FCA is continuing its discussion on how it can make the listing regime, the rules companies must follow to be allowed to list their shares in the UK, more effective, easier to understand and more competitive.
05/30/2022
Investment scammer jailed after failing to return proceeds
The group then used the money to buy themselves luxury cards, motorbikes, and expensive property.
05/30/2022
FSCS warns LCF bondholders about scam
The FSCS said the Chartered Trading Standards Institute had confirmed the letter is a scam.
05/30/2022
Dutch neobank Brand New Day selects Sentinels for AML compliance
This was a key factor in Brand New Day’s decision to choose Sentinels, as the regtech is designed to scale with companies and provide actionable insights no matter what their active compliance needs are.
05/30/2022
EU data protection guidance brings welcome news for UK suppliers
Businesses will no longer be able to rely on the 2004 or 2010 SCCs to transfer data to third countries from 27 December this year.
05/29/2022
Hogan Lovells advises Vice Golf on partnership with Oakley Capital
Oakley’s investment will help the business to further accelerate its growth, product diversification strategy and internationalization.
05/29/2022
Germany - Contribution and repayment deemed a loan waiver resulting in COD income
The taxpayer has filed an appeal against the decision of the lower tax court, which is currently pending at the federal tax court.