12/16/2021
Gibson Dunn Grows Corporate Practice in London
The announcement is a continuation of the firm’s strategy of expanding its transactional offerings around the globe.
Legal, Regulation & Compliance
12/16/2021
GAM Settles FCA Probe Into Greensill
The GAM Group’s cash, and capital position remains robust.
12/16/2021
Debevoise Advised Morgan Stanley Capital Partners
The continuation fund is led by Glendower Capital with participation from other secondary investors including Pantheon.
12/15/2021
HSF Financial Regulation: Daily Update
The FCA welcomes the review’s finding that most customers eligible for the scheme in all likelihood obtained better outcomes than could have been achieved outside of it.
12/15/2021
Addleshaw Goddard: Financial Service & Banking News
The government aims to issue proposals in spring 2022, and legislate when Parliamentary time allows.
12/15/2021
Business interruption insurance test case – Insurer claims data
The letter also set out our intention to gather information from all affected insurers regularly on the progress of their non-damage BI claims, and to publish some of this data.
12/15/2021
Scottish budget focuses on climate change
Hundreds of millions of pounds were also pledged to a raft of projects designed to fight climate change.
12/15/2021
Lawyers back UK data protection law voluntary undertakings process
In its paper, the Department for Digital, Culture, Media and Sport (DCMS) said it is “considering whether to introduce a new voluntary undertakings process”.
12/15/2021
UK banks pass the solvency test
This year the stress test incorporated extreme conditions
12/15/2021
UK regulator says won't widen rate hedging redress scheme
The FCA said on Tuesday there were “clear shortfalls” in processes, governance and record-keeping related to the scheme.
12/15/2021
LIBOR transition - impact for trustees
In light of the discontinuation of LIBOR, trustees should ensure that, going forwards, interest rates are no longer linked to LIBOR for any new loan relationships.
12/14/2021
NatWest fined £264.8 million for anti-money laundering failures
This is the first time the FCA has pursued criminal charges for money laundering failings.
12/14/2021
Decision by the French Court of Appeal - UBS
UBS takes note of the French Court of Appeal’s decision.
12/14/2021
Financial Regulation: Daily Update
The statement sets out the progress made since the review was announced on 16 September 2021.
12/14/2021
Addleshaw Goddard: Daily Legal Update
European Commission proposes measures to improve the working conditions in platform work and to support the sustainable growth of digital labour platforms in the EU.
12/14/2021
Statement on the Bank of England 2021 stress test results
Under this stress scenario, the Bank of England’s results indicate that the Group’s common equity tier
12/14/2021
FCA removes permissions from fifth firm in investment group
The regulator said Renaissance Advisory was linked to Marvell Enterprises, a credit broker it removed the permissions of after authorising the firm in January.
12/14/2021
Appleby support PraxisIFM Group
Appleby’s Jersey team led the multijurisdictional team across Jersey, Guernsey, Malta, Luxembourg and the UK.
12/14/2021
Second ex-Continental Wealth client ruling goes against STM
It’s not known how many more decisions are pending
12/14/2021
Embodied Carbon: The next green focus for policymakers
The finished structure embodies this carbon: it is a memorial to carbon released.