10/13/2021
Deutsche Bank faces €500m lawsuit in widening forex scandal
Spanish hotel group’s claim is tied to sale of exotic currency derivatives
Legal, Regulation & Compliance
10/13/2021
ESMA publishes Final Report on notification requirements for STS synthetic securitisations
The European Commission will now decide whether to endorse the draft technical standards
10/13/2021
Fraudulent European investment platform shut down
After it scammed victims out of at least €15m, which could ‘even amount to approximately €500m’
10/13/2021
New exemptions align Jersey’s prospectus rules with familiar UK/EU exemptions
The changes are an important step in modernising Jersey’s prospectus regime while still maintaining its integrity and its fundamental role in protecting investors.
10/13/2021
Financial Regulation: Daily Update
Though regulators in many jurisdictions have commenced work on standards, efforts should, 'be pursued as a matter of urgency'.
10/12/2021
Financial Services & Banking-news
Key points included: that consumer credit remains a key priority for the FCA as the consequences of the pandemic for consumers continue to unfold
10/12/2021
Authorities swoop on German investment platform over €15m cross-border fraud
"Investigators estimate the total amount of the fraud could even amount to approximately €500m."
10/12/2021
Financial Regulation Update
The FCA will continue to engage with LLMs over the next two years through its planned programme of work and expects firms to keep up to date with regulatory developments generally and with the areas covered in its letter.
10/11/2021
Suisse report into Greensill failings hit by delays
Stakes have raised considerably for the Swiss bank after its headquarters were raided by police
10/11/2021
7IM in legal battle with former partner; £23m acquisition bill
Assets under management at Seven Investment Management rose 24% last year on the back of acquisitions by the group.
10/11/2021
Parliamentary group publishes 'fraud and theft within families' report
‘Tackle the elephant in the room’
10/11/2021
Rates Unchanged, But Gradual Liquidity Withdrawal
Global central banks across the world have indicated taper over the last month.
10/11/2021
Financial Regulation Daily Update
The government has identified four priority areas and actions for government, regulators and industry
10/10/2021
Post-Brexit push: FCA to market London's financial services sector abroad
With the Treasury now planning to respond to the report in autumn ministers have hinted that financial regulators could be required to factor Britain’s global position in the financial services sector into policy decisions.
10/10/2021
HSF Financial Regulation: Daily Update
The PRA expects to reassess O-SII buffer rates again in December 2023.
10/08/2021
CPMI and IOSCO publish guidance, call for comments on stablecoin arrangements
In 2019, the Group of Seven and the Financial Stability Board (FSB) conducted work on the impact of global stablecoin arrangements and made recommendations for their regulation, supervision and oversight.
10/08/2021
NatWest pleads guilty in criminal proceedings
These regulations require certain firms, including those regulated by the FCA, to ensure they have adequate anti-money laundering systems and controls to prevent money laundering.
10/08/2021
Financial Crime: analysis of firms’ 2017-2020 REP-CRIM data
A key approach of the FCA, as set out in the business plan, is collaboration and partnering with others, such as government and other authorities, including law enforcement, to achieve more in raising standards across the regulated sector.
10/08/2021
Financial Regulation: Daily Update
This analysis aims to provide Money Laundering Reporting Officers and industry practitioners with insights on trends and developments, which should help inform the arrangements and risks of their respective firms.
10/08/2021
MPS provider handed £1m tax refund
You Asset Management, formerly Beaufort Investments, was refunded £1.1m after the taxman concluded discretionary fund manager’s model portfolios should be exempt from VAT.