03/14/2022
Investors face conundrum on government bond allocations
On the one hand we are facing inflation that is clearly not a mere transitory headwind and the current commodity price surge is adding to longer term inflationary fears.
Legal, Regulation & Compliance
03/14/2022
Financial Regulation:Daily Update
The statement also outlines steps firms can take to reduce the risk of sanctions evasion via cryptoassets.
03/14/2022
Financial Services and Banking News
This policy statement contains feedback on the responses to its November 2021 Consultation Paper (CP) 21/21; and outlines the PRA's final policy following this consultation.
03/13/2022
JFSC: 386 new Russian sanctions designations have immediate effect
Due to the increasing volume of designations and their immediate effect in Jersey, we will now be flagging their source to Industry as soon as we become aware via our website and shared on our social media channels.
03/13/2022
Directors’ considerations amidst geopolitical unrest
We highlight the growing considerations of company directors having business operations, directly or indirectly in Eastern Europe.
03/13/2022
Warning on illegal crypto ATMs operating in the UK
The judge concluded that there was a ‘lack of evidence as to how Gidiplus would undertake its business in a broadly compliant fashion’.
03/13/2022
Financial Regulation Daily Update
The FCA provides an updated view
03/13/2022
FCA response to Chancellor’s call to stop investing in Russia
Major index providers have taken steps to remove Russian securities from their equity and bond indices.
03/13/2022
White & Case to Close Moscow Office
After careful consideration, we have decided to close our Moscow office.
03/11/2022
Ukraine Crisis: New US Sanctions on Russia and Belarus
Since then, the United States, along with its partners and allies, has announced a variety of new sanctions targeted at the Russian financial sector, Russian oligarchs with close ties to the Russian government and stringent export controls on technology,
03/11/2022
Abramovich and Deripaska among 7 oligarchs targeted in estimated £15 billion sanction hit
The UK has announced sanctions against 7 oligarchs including Roman Abramovich and Oleg Deripaska.
03/11/2022
Is the UK Government considering a visa ban on nationals of Russia and its allies?
A third reading of the bill will take place on Monday 14 March 2022, following which the bill could receive Royal Assent and become law in a matter of days.
03/11/2022
FATF Public Statements
A copy of these documents has been uploaded on the FIAU’s website under ‘Country Statements’.
03/11/2022
EU Data Act: new rules for data exchanges between businesses, users and third parties
Data generated by using online or mobile services are of equal economic value, for example data from any app using location data.
03/11/2022
Russian Central Bank Suspended From Umbrella Organization
In recent years, it has hosted and supported the development of digital financial instruments and set up an innovation hub network across the globe.
03/11/2022
FCA proposals mean FSCS levy will 'continue to rise'
In its discussion paper, the FCA asked whether there should be changes to the scope of FSCS protection, for example excluding high net worth clients or EU products.
03/11/2022
Goldman Sachs eyes stake in Nucleus
First reported by Sky News, sources have since confirmed the firms involved in the share sale and the combined value to FTAdviser. Nucleus declined to comment.
03/10/2022
Russian billionaire Roman Abramovich hit with sanctions by the UK
The UK becomes the first Western country to impose harsh sanctions on the Russian billionaire.
03/10/2022
UK Prospectus Regime set for significant overhaul and reform
The FCA will be given greater powers to determine the requirements for prospectuses, including having flexibility to set the content of the prospectus and the freedom to scrap the requirement for a prospectus for further issues.
03/10/2022
Public Consultation on the FATF Risk-Based Guidance to the Real Estate Sector
Although this FATF guidance is non-binding, it supports the national AML/CFT legislative framework. Subject persons, especially real estate practitioners, experts and individuals/entities involved in the real estate business are encouraged to submit their