12/12/2021
Platform Work Directive finally places the workers at the centre of concern
CECOP’s reaction to European Commission’s proposal for a Directive on improving working conditions in platform work.
Legal, Regulation & Compliance
12/12/2021
Financial Regulation: Daily Update
The PRA and FCA expect firms to carry out systemic reviews of their equity finance businesses and the risk management practices and controls deployed in those businesses benchmarked against the finding set out in the annex.
12/12/2021
EBA Report On The Application Of The Guidelines On The Remuneration Of Sales Staff
To that end, the EBA conducted a survey amongst a sample of 70 financial institutions from 12 Member States.
12/12/2021
Joint letter to banks operating in the UK
Our observations include weaknesses in the holistic management of risk across business units
12/12/2021
New transfer rules for combatting pension scams
The new requirements (and everything in this article) only apply to statutory transfers.
12/10/2021
Carey Olsen supports Caribbean Investment Holdings
The Carey Olsen team advising CIHL on all Bermuda related legal and regulatory aspects associated with the transaction comprised corporate partner Steven Rees Davies and associate Keivon Simons.
12/10/2021
HSF: Financial Regulatory: Daily Update
The FCA will oversee the implementation of the recommendations and will publish a final update in its 2022 annual report.
12/10/2021
JPMorgan Ordered to Give $600,000 Job to Trader It Fired
Judge Stephen Knight on Thursday refused to order the bank to reinstate Jones into the same role he’d been dismissed from in London
12/10/2021
So long LIBOR – 3 weeks to go
New use of US dollar LIBOR is also to cease, a key landmark on the end to the US dollar panel just 18 months later.
12/10/2021
Belgium: Draft bill including new tax regime for expatriates submitted to parliament
The company brought an administrative appeal against the order.
12/09/2021
Financial Regulation: Daily Update
This list is accompanied by a CET1 Report, which includes information on the underlying objectives of the monitoring as well as on the consequences of including or excluding instruments in or from the CET1 list.
12/09/2021
Momentum and STM lose Malta appeals
Compensation pay-outs for former Continental Wealth clients upheld
12/09/2021
Ireland Update – CBI Dear CEO Letter on MiFID Suitability Requirements
The purpose of the Letter is to provide feedback to industry on the findings of the review and to outline the CBI’s expectations in relation to the application of the MiFID II suitability requirements.
12/09/2021
UBS' Legal Life After French Ruling
The potentially more harmful side effect may be if UBS is convicted of money laundering
12/09/2021
Global Data News
The Commission is also planning a Data Act which will fulfil a similar function to foster public/private sector data sharing.
12/09/2021
Europol: Over ten percent of global GDP is held in offshore accounts
This money represents over 10 percent of global GDP.
12/09/2021
FCA acknowledges harm caused by authorising firms 'not meeting standards'
Admits LCF a 'learning process'
12/09/2021
Former Irish rugby player in court over alleged theft of almost €600,000
He was accused of 15 offences between 2011 and 2013 and made no reply when charged.
12/08/2021
Malta regulator issues stark warnings over two financial services companies
Bristol Trading Limited is not authorised to provide any Virtual Financial Asset or other Services under Maltese law.
12/08/2021
Immediate changes to the UK Listing Regime to reduce barriers to listing
The changes implement certain proposals on which the FCA consulted in its July 2021 Primary Markets Effectiveness Review (the Review).