07/22/2022
European Central Bank raises interest rates for first time in 11 years
Bank surprises markets with 0.5 percentage point rise as inflation reaches 8.6% in eurozone
Legal, Regulation & Compliance
07/22/2022
Former Harlequin boss Ames 'lured' investors in, court hears
A company boss accused of cheating thousands of property investors out of millions of pounds ‘lured’ investors into the scam with deliberate lies, a court heard.
07/22/2022
ESMA finds NCAs' scrutiny and approval of prospectuses satisfactory
This peer review also assessed the impact of different approaches regarding scrutiny and approval by competent authorities on issuers’ ability to raise capital in the European Union.
07/22/2022
Regulatory fees have been broken since they started, advisers say
“[The FCA doesn’t] seem to be very good at picking things off before they happen.”
07/22/2022
Amendments to the PRA's approach to identifying other systemically important institutions (O-SIIs)
Consultation Paper 13/22
07/22/2022
Bill to reshape UK financial services regulation published
“The Bill includes provisions that would amend the UK Securitisation Regulation to introduce a new equivalence regime for non-UK ‘Simple, Transparent and Standardised’ securitisations,” McCaw said.
07/22/2022
Legal professional privilege tensions require caution in UK audit market
The UK government recently confirmed that it will not press ahead with plans to give the new Audit, Reporting and Governance Authority (ARGA) statutory powers to override audit clients’ LPP, for now at least.
07/22/2022
Baker McKenzie wins European Private Client Team of the Year at the Chambers High Net Worth Awards 2022
The multi-disciplined wealth management teams also advise on the best course of action for tax litigation, other litigation and dispute resolution, documentation and reporting obligations in high-value, cross-border transactions.
07/22/2022
Al fresco dining boost for businesses
Temporary changes, brought in to help pubs, cafes and restaurants take advantage of the warm weather and operate outside, are extended and will be made permanent next year.
07/22/2022
Addleshaw Goddard: Financial Services & Banking News
The discussion paper illustrates how the supervisory authorities could use their proposed powers in the FSM Bill
07/22/2022
EBRD provides US$ 50 million to QNB Finansbank in Turkey
The financing aims to strengthen the role of women-led SMEs in the Turkish economy and to promote inclusive sustainable growth.
07/22/2022
EBA analyses the use of specific exemptions included in the large exposures regime
The Report provides detailed quantitative evidence about the use of the exemptions, as of June 2021, but does not contain any policy recommendations.
07/21/2022
Addleshaw Goddard: Financial Services & Banking news
The UK Dormant Assets Scheme is designed to unlock funds from assets that are unused, to put towards social and environmental challenges.
07/21/2022
IA comments on the Financial Services and Markets Bill
This will be vital to enable our industry to provide the very best products and services, supporting UK consumers to secure a better future.
07/21/2022
'We need to strengthen our analysis': FCA inaugural climate disclosure report
Targets 90% Scope 3 reduction
07/21/2022
Financial Services Bill to unlock growth and investment across the UK
Legislation to enhance the competitiveness of the UK financial services sector and unlock tens of billions of pounds of investment across the economy was introduced to Parliament today
07/21/2022
Government and leading businesses join forces to help households with cost of living
Cost of Living Business Tsar and former Just Eat boss David Buttress agrees deals and discounts with major UK businesses to form part of Help for Household campaign.
07/21/2022
UK Data Protection and Digital Information Bill: in detail
The Data Protection and Digital Information Bill, introduced into parliament on Monday, is the product of a major consultation the government held last year on reforming the UK GDPR and other privacy legislation that has its origins in EU law.
07/21/2022
The Bank of England, PRA and FCA set out potential measures to oversee critical third parties in a move to increase resilience of the financial sector
The potential measures included in the discussion paper published today aim to mitigate this risk.
07/20/2022
When ‘white space’ disclosure can help the taxpayer
In the case in question the taxpayers, acting through their agent, were found to have been careless in completing the tax returns despite disclosure in the white space on the returns.