02/07/2022
Credit Suisse faces money laundering charges
The case has attracted intense interest in Switzerland
Legal, Regulation & Compliance
02/07/2022
Definition of capital: updates to PRA Rules and supervisory expectations
This CP is relevant to banks, building societies, PRA-designated investment firms and PRA-approved, or PRA-designated, financial or mixed financial holding companies.
02/07/2022
ECB increases pressure on banks in London
Some banks expect to have to significantly increase their presence in the EU.
02/06/2022
Companies, investors brace for EU’s new green rule book
Meanwhile, the Australian Petroleum Production & Exploration Association used its submission to the federal budget to highlight the prospect of attracting more capital because the EU’s taxonomy defines gas projects as sustainable investments.
02/06/2022
Accountancy body accused of ‘injustice’ after pocketing £13m in KPMG fines
The Big Four firm was hit with the lofty fine by the Financial Reporting Council (FRC) last year, after the Silentnight pension scheme was pushed into administration to allow US private equity firm HIG to buy a mattress company without the pension burden.
02/06/2022
LIBOR Transition - An Overview
The shift away from LIBOR toward new benchmarks is intended to provide a truer reflection of the cost of capital, but is not a simple process.
02/06/2022
UK to make tech firms take faster action against criminal content
Current laws generally only require tech companies such as the owners of Google or Facebook to take down this type of material if they receive a complaint.
02/04/2022
Financial Services & Banking News
These conditions are: for both gas and nuclear, that they contribute to the transition to climate neutrality; for nuclear, that it fulfils nuclear and environmental safety requirements; and for gas, that it contributes to the transition from coal to renew
02/04/2022
Financial promotions quarterly data 2021 Q4
For details relating to how we have tackled consumer harm for unauthorised firms in the investment market please read our Consumer Investments Data publication.
02/04/2022
Whistleblowing in the workplace – what you need to know
Practical aspects, such as protecting anonymity and the conduct of any internal investigation, are considered, together with specific issues arising in cross-border cases. Legal and professional obligations are also reviewed.
02/04/2022
BoE ‘not looking at wider picture’, say brokers
But with rising bills and living costs, some mortgage brokers are concerned homeowners and first-time-buyers are already curbing their spending enough.
02/04/2022
Carey Olsen advises SuperSeed as it becomes first listed venture capital investment provider
The team worked alongside onshore counsel Stephenson Harwood and corporate adviser and broker VSA Capital.
02/04/2022
Unfunded risk-sharing, new EBRD product for Romanian banks
The risk-sharing framework is designed to allow the EBRD to share partner banks’ exposures to local enterprises through either funded or unfunded risk participation.
02/04/2022
Submit HMRC AML Supervision Evidence Now Or Face Code Suspension, Warns The IFA
This is being labelled as potentially “disastrous” for accountants and their clients, preventing them from filing self-assessment returns,alongside larger workloads, in the run-up to the deadline.
02/03/2022
Financial Regulation: Daily Update
Using three online experiments, the regulator examined how certain interventions promoted consumer understanding of the risks involved in high-risk investments and the implications of 'self-certifying' as either 'high net worth' and/or
02/03/2022
Financial Services & Banking News
The draft opinion aims to complement the Commission’s proposal with additional measures to enhance further consumer protection while keeping the right balance with credit providers’ duties.
02/03/2022
New approach to enable global leadership of EU standards promoting values and a resilient, green and digital Single Market
This new Strategy aims to strengthen the EU's global competitiveness, to enable a resilient, green and digital economy and to enshrine democratic values in technology applications.
02/03/2022
HM Treasury Proposes Amendments to the UK Financial Promotion Exemptions
The Treasury Select Committee's report on the failure of London Capital & Finance recommended that the exemptions be rethought to ensure greater consumer protection.
02/03/2022
Inflation crisis: Pressure intensifies on European Central Bank to change course
Sky's Ian King says the governing council of the ECB is facing growing calls to signal a tightening of policy as inflation steams ahead at a faster pace than expected.
02/03/2022
EU Court turfs out Maltese bank bid to regain licence
In the detailed European General Court statement, it rejected all 11 of the bank's arguments to overturn out the ECB's decision.