02/09/2022
Mercator : Key Regulatory Updates from 2021
Mercator by Citco continues to provide updates from across the entire set of jurisdictions that Mercator operates in to help keep our multinational clients informed and remain compliant.
Legal, Regulation & Compliance
02/08/2022
Financial Regulation: Daily Update
These changes to the CRR were not reflected in the relevant EU Regulatory Technical Standard (RTS) before the end of the EU withdrawal transition period and are therefore not currently included in the UKTS on own funds.
02/08/2022
Will you meet the upcoming operational resilience deadline?
With the first FCA operational resilience deadline fast approaching, we look at how firms are preparing to meet their obligations and where further work is needed
02/08/2022
New English court witness statement rules have positive early effect
Many practitioners had reservations about allowing written witness statements, fearing the move would lead to lawyers drafting testimony to show it in the best possible light.
02/08/2022
EU AML update: solutions for affected Cayman securitisation entities
Regulations prohibits the establishment of securitisation special purpose entities (SSPEs) in countries listed on the EU AML blacklist
02/08/2022
Enhancing the UK’s capital markets – The FCA’s role and priorities
Speech by Sarah Pritchard, Executive Director, Markets, to City & Financial Global – The Future of UK Financial Regulation Summit.
02/08/2022
Financial Regulation: Daily Update
The CSA will be conducted during 2022.
02/07/2022
Credit Suisse faces money laundering charges
The case has attracted intense interest in Switzerland
02/07/2022
Definition of capital: updates to PRA Rules and supervisory expectations
This CP is relevant to banks, building societies, PRA-designated investment firms and PRA-approved, or PRA-designated, financial or mixed financial holding companies.
02/07/2022
ECB increases pressure on banks in London
Some banks expect to have to significantly increase their presence in the EU.
02/06/2022
Companies, investors brace for EU’s new green rule book
Meanwhile, the Australian Petroleum Production & Exploration Association used its submission to the federal budget to highlight the prospect of attracting more capital because the EU’s taxonomy defines gas projects as sustainable investments.
02/06/2022
Accountancy body accused of ‘injustice’ after pocketing £13m in KPMG fines
The Big Four firm was hit with the lofty fine by the Financial Reporting Council (FRC) last year, after the Silentnight pension scheme was pushed into administration to allow US private equity firm HIG to buy a mattress company without the pension burden.
02/06/2022
LIBOR Transition - An Overview
The shift away from LIBOR toward new benchmarks is intended to provide a truer reflection of the cost of capital, but is not a simple process.
02/06/2022
UK to make tech firms take faster action against criminal content
Current laws generally only require tech companies such as the owners of Google or Facebook to take down this type of material if they receive a complaint.
02/04/2022
Financial Services & Banking News
These conditions are: for both gas and nuclear, that they contribute to the transition to climate neutrality; for nuclear, that it fulfils nuclear and environmental safety requirements; and for gas, that it contributes to the transition from coal to renew
02/04/2022
Financial promotions quarterly data 2021 Q4
For details relating to how we have tackled consumer harm for unauthorised firms in the investment market please read our Consumer Investments Data publication.
02/04/2022
Whistleblowing in the workplace – what you need to know
Practical aspects, such as protecting anonymity and the conduct of any internal investigation, are considered, together with specific issues arising in cross-border cases. Legal and professional obligations are also reviewed.
02/04/2022
BoE ‘not looking at wider picture’, say brokers
But with rising bills and living costs, some mortgage brokers are concerned homeowners and first-time-buyers are already curbing their spending enough.
02/04/2022
Carey Olsen advises SuperSeed as it becomes first listed venture capital investment provider
The team worked alongside onshore counsel Stephenson Harwood and corporate adviser and broker VSA Capital.
02/04/2022
Unfunded risk-sharing, new EBRD product for Romanian banks
The risk-sharing framework is designed to allow the EBRD to share partner banks’ exposures to local enterprises through either funded or unfunded risk participation.