04/21/2022
UK and EU competition authorities launch first parallel dawn raids since Brexit
Alongside the dawn raids, the Commission also sent formal requests for information to several companies active in the automotive sector.
Legal, Regulation & Compliance
04/21/2022
FCA launches bespoke support service for innovative financial services firms
The FCA said the service was for authorised firms
04/21/2022
Carey Olsen supports Nordic Capital exit of Vizrt Group to new Nordic Capital-led consortium
The secondary acquisition vehicles, which form part of the new Nordic Capital-led acquiring consortium, established with investment vehicles managed or advised by Goldman Sachs Asset Management's Vintage funds, Pantheon and Coller Capital as co-leads
04/21/2022
Leveraging Centralised Cloud MiFID II Advisory
One way that this regulatory gap may be breached is to implement a digital advisory platform that is ESG and MiFID 2 compliant, underpinned by a goal-based investment planning and advice execution workflow. This will enable institutions to adopt a consist
04/21/2022
EIU launches Financial Risk
Financial Risk enables financial institutions, governments and corporations to identify sovereign, currency and banking sector risks posed by political and economic developments across 131 markets.
04/21/2022
Financial Regulation: Daily Update
The response sets out HM Government’s (HMG) final policy approach to amending the regulatory framework, which will ensure that the FSCS can operate most effectively for the consumers of pre-paid funeral plan contracts if a regulated funeral plan pro
04/20/2022
Germany seizes the world's largest yacht (at least according to volume)
Germany's federal police tweeted Wednesday that it found, "through extensive investigations despite offshore concealment," that the yacht currently belongs to Usmanov's sister, Gulbakhor Ismailova.
04/20/2022
Bird & Bird advises Flex
The transaction is one of the largest bond offerings by value, both within the framework of the BFGS and beyond, in Hungary.
04/20/2022
PASA publishes pre-employment guidance to deter fraudsters
The document details that administrators should start by analysing the level of risk associated with a particular position, with the industry body alerting that the level of seniority should not be the only factor considered.
04/20/2022
Banks to find out if more workers must move to EU
It is understood the central bank has finished its assessments and is preparing to give its feedback to banks privately in the coming weeks — in some cases, before the end of the month.
04/20/2022
FCA finalises proposals to boost disclosure of diversity on listed company boards and executive committees
The rules will apply to listed companies for financial accounting periods starting from 1 April 2022.
04/20/2022
PS22/3: Diversity and inclusion on company boards and executive management
Setting targets on a ‘comply or explain’ basis for the representation of women and people from a minority ethnic background is designed to be a positive reporting benchmark to encourage progress.
04/19/2022
Liverpool council hits back at claim developers have 'given up on the city' - and vows new approach to attracting investment
Council says quality of development in city has not been good enough and that plan is essential
04/19/2022
New laws set to be introduced to protect family’s cash held in shoppers’ savings clubs
The new laws will mean savings clubs must safeguard shoppers’ savings by using insurance or trusts
04/19/2022
The unintended consequence of broad-based economic sanctions
In truth, the new sanctions legislation shackles ‘Global Britain’ by deterring investment from our shores.
04/19/2022
Mayer Brown advises Barclays Bank
A separate Mayer Brown team also advised Aurelius on the acquisition of McKesson Corporation’s UK business.
04/19/2022
Herbert Smith Freehills Financial Regulation: Daily Update
The report informed the FATF’s Strategic Review, which aims to make the next cycle of FATF assessments more timely, risk-based and effective.
04/18/2022
Government plans new laws to protect Britons who use savings clubs
Move comes 16 years after collapse of Christmas savings club Farepak, which left thousands unable to access cash
04/18/2022
Policymakers right to be worried as UK housing boom shows no sign of waning
But situation needs looking at in global context because it is not a story of British exceptionalism
04/14/2022
US-Spain cooperation leads to seizure of Russian yacht
US attorney general Merrick B. Garland said the case was the first seizure of a Russia-linked sanctioned individual’s assets and promised that it would “not be the last”.