06/13/2022
UK's New N.Ireland Trade Rules Will Not Break Law, Minister Says
Any unilateral move by London to override the treaty will inflame a simmering argument with the European Union.
Legal, Regulation & Compliance
06/13/2022
FCA fines guarantor lender TFS Loans Ltd (in administration) and requires it to provide redress to affected guarantors
The FCA has also imposed a requirement on TFS to redress the guarantors that were harmed by the firm not conducting appropriate checks.
06/13/2022
PRA statement on removing the PRA buffer adjustment in PS15/20
This statement provides an update on the PRA’s approach to the PRA buffer.
06/10/2022
Linklaters advises the lenders on the US$6bn restructuring of Nordic Aviation Capital
This was a rare example of security over such a large number of aircraft being taken at once, in such a short period of time.
06/10/2022
Brent Hoberman Welcomes Chronos Law to Founders Forum Group
The firm combines the expertise of private practice with the accessibility of in-house legal counsel.
06/10/2022
Directors banned over £8.9mn hotel investment scheme
But the partnership went into insolvency in February 2017, with creditors claiming £14.8mn in the liquidation.
06/10/2022
FCA appoints members for new Secondary Markets Advisory Committee
The purpose of the committee is to support our wholesale secondary markets work in equities, derivatives, fixed income and commodity derivatives.
06/10/2022
Eurozone interest rates set to rise for first time in 11 years
"It is not just a step, it is a journey," ECB President Christine Lagarde said of the moves.
06/10/2022
Anti-money laundering proposals ‘uninspired and insipid’, say MPs
Law Commission review of corporate criminal liability in England and Wales also criticised by campaigners
06/10/2022
Neuchâtel WM obtains Finma licence
Firms which manage assets on a commercial basis in the name and on behalf of occupational pension schemes must be authorised by the regulator, according to FinIA, which came into force on 1 January 2020.
06/10/2022
PIMFA publishes diversity & inclusion reports as it extends deadline for entires to this year's D&I Awards
“We are really excited to be holding our Diversity & Inclusion Awards again this year."
06/10/2022
Raising rates, calming markets – testing times for the ECB
That makes a shallower hiking cycle in Europe more likely, with rates peaking at 1.25% in the first quarter of 2023.
06/10/2022
UK decision against imposing direct rule on BVI
We welcome the clarity of this announcement for the people of the BVI.
06/10/2022
New ESMA Guidance on Sustainability Risks and Disclosures
While the Briefing is aimed at NCAs, is non-binding and not subject to any 'comply or explain' provisions, it sets out several key supervisory expectations.
06/10/2022
Ogier celebrates 10 years in Luxembourg
The last 10 years have seen Ogier, which was the first offshore firm to set up a presence in the jurisdiction, grow its Luxembourg team from two to seven partners, with a headcount now of more than 50 people.
06/10/2022
Irish funds await Central Bank’s response to EU sustainable finance guidance
ESMA suggests that regulators create checklists to assist with the assessment of compliance with the requirements that pre-contractual disclosures
06/10/2022
Financial Services & Banking News
The proposals in this consultation paper would result in further changes to Commission Delegated Regulation
06/09/2022
Managed Funds Association accuses LME of 'conflict of interest' during nickel turmoil
The complaint also argued that LME could have prevented the market disorder had it acted sooner, but failed to take timely action, resulting in a lack of protection for investors.
06/09/2022
22% of Brits contacted by pension scammers in last 3 months
As a third say they don’t know how to stop fraudsters targeting them
06/09/2022
PIMFA welcomes Financial Conduct Authority ban on Claims Management ‘phoenxing’
PIMFA has long argued that this practice should be stamped out.