12/29/2021
Deutsche Bank fined almost $10 mln over Euribor controls
Breaches of the Benchmarks Regulation can be punished by imposition of a fine of up to ten percent of the total turnover.
Legal, Regulation & Compliance
12/29/2021
MFSA slams the brakes on company for ‘ultra-rich’
Chris Cardona-linked Insignia Cards ordered to restrict its operations
12/29/2021
German bond yields steady as Omicron fears subside
Italian government bond prices outperformed their peers late on Tuesday after underperforming earlier in the session and in previous days.
12/29/2021
Milbank Advises LEA Partners
PROCAD Group was created in 2021 from the merger of PROCAD with keytech
12/29/2021
Important regulation moments in 2021
So far, the FSCS has paid compensation to just over 84% of eligible LCF bondholders.
12/28/2021
City regulator under fire amid mystery of mis-selling ‘swaps’ scandal penalties
The “swaps” products were sold to tens of thousands of businesses between 2001 and 2011 as “protection” against rising interest rates, but they left companies facing disastrous losses when rates dropped during the financial crisis.
12/28/2021
Insurance aggregate data report
This report is a quarterly statistical release of aggregated data, produced using PRA regulatory data supplied by UK authorised insurance firms.
12/28/2021
European Commission proposes minimum corporate tax and end to tax havens in the EU
It includes a common set of rules on how to calculate this effective tax rate, so that it is properly and consistently applied across the EU.
12/27/2021
Judge: UK ‘open justice’ does not require pre-hearing document disclosure
Judge: UK ‘open justice’ does not require pre-hearing document disclosure
12/27/2021
UK publishes ‘comprehensive’ cyber security strategy
Cyber risk expert Laura Gillespie of Pinsent Masons said that the government’s plans called for “a ‘whole society’ approach” to cyber security.
12/27/2021
PIMFA Calls for “Greater Ambition” to Address FSCS Levy Funding Issues
Setting out a set of principles for reform is welcome and we are committed to engaging with this process in order to achieve the best possible outcome for consumers and our members.
12/27/2021
Bird & Bird advises Liberum
The placing was completed and the new shares admitted to trading on AIM earlier today.
12/27/2021
Beware of Investment Fraud - How to identify a potential fraud
Giambrone & Partners banking and financial fraud teams are witness to the same strategies that are employed time and time again to deceive novice investors into risking their money.
12/26/2021
Pension schemes granted judicial review of govt's RPI swap
In February, the schemes were granted an extension to the period in which they can consider filing for judicial review, following a request from the government to have more time to prepare its defence.
12/24/2021
Insolvency Service gains powers to investigate directors of dissolved companies
The legislation also rules out Covid-19 related changes as grounds for material change of circumstances business rate appeals.
12/23/2021
Craig Whyte appears at court for failing to provide key passwords for seized devices
The arrest is in relation to non-disclosure of key passwords for various laptops and phones, which were seized from him by a warrant issued under s176 Financial Services & Markets Act 2000 on the 18 April 2018.
12/23/2021
FCA publishes Decision Notice against hedge fund
This resulted in a sub-standard investment management service being provided to the external fund and its investors.
12/23/2021
Viola Money (Europe) enters administration
The application for the special administration was made by the FCA and follows requirements imposed on Viola on 14 December 2021, which required it to cease all regulated electronic money and payment services.
12/23/2021
Financial Services and Banking News
The proposed revisions would insert a new paragraph, 17.29A, dealing with completion of customer due diligence (CDD) by lenders.
12/23/2021
Reforms to insolvency regulation in Britain proposed
Currently, there is no firm-wide regulation of insolvency practice in Britain.