01/03/2022
Valencia police arrest one of Europe’s biggest cryptocurrency fraudsters
Valencia Guardia Civil arrest one of Europe’s biggest fraudsters of fake cryptocurrency investments
Legal, Regulation & Compliance
01/03/2022
Danske Bank rebuilds compliance program after money-laundering
Despite its reputation as a squeaky-clean bastion of social democracy, the revelations about Danske Bank’s Estonia unit came to reveal deep flaws in the compliance systems of some of the region’s other leading banks.
12/30/2021
Update for firms on PRIIPs RTS Article 18 and related rules
This extension means that UCITS funds offered to UK retail investors can continue to supply either a PRIIPs key information document or a UCITS key investor information document.
12/30/2021
Viola Money enters administration
The special administration process includes provisions to facilitate the return of customer funds by the special administrators.
12/30/2021
How to make sure your Overseas Assets will be received by your UK Beneficiaries
A considerable number of British citizens own properties in these countries and in many cases have retired to their property in a European country.
12/30/2021
Investment Limited Partnerships In Ireland: The New Way Forward
Elizabeth Bradley and Mark Murran from our Banking & Finance team discuss the Investment Limited Partnerships Act 2020
12/30/2021
ECB review of banks’ EU activity risks triggering stand-off with UK regulators
International lenders anticipate competing demands over how they structure their operations
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.
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.