10/05/2021
Financial Regulation: Daily Update
The final rules come into force on 4 October 2021, and firms and IGCs will have until the end of September 2022 to publish their next report.
Legal, Regulation & Compliance
10/05/2021
Public country-by-country reporting: new transparency requirements
The information should be publicly disclosed on a country-by-country basis for European Union Member States and for black listed or grey listed jurisdictions.
10/05/2021
Non-financial misconduct and whistleblowing: impact of the amended ESMA/EBA guidelines (podcast)
In this podcast episode we discuss the impact on the regulation of non-financial misconduct of recent proposed amendments to joint ESMA/EBA guidelines.
10/05/2021
Giambrone & Partners' banking and financial fraud team has won a significant Battle for Jurisdiction in a six-figure Investment Scheme Case
The jurisdiction our banking and financial lawyers recommended is that of England and Wales.
10/05/2021
EBF calls for regulatory clarity over proposed EU-level AI rules
The Act aims to develop an ecosystem of trust for AI in the EU, which encourages investment, aims to strengthen competitiveness and ensures that AI systems respect fundamental rights and EU values.
10/05/2021
How America’s biggest law firm drives global wealth into tax havens
Baker McKenzie has been a pioneer in corporate tax dodging. It now acts for notorious tycoons, arms makers and authoritarian regimes operating in the shadow economy.
10/05/2021
Liquidator Investigations And Witness Immunity
An integral part of an insolvency office holder's role is to investigate the circumstances that led to the insolvency and identify realisable assets and claims against wrongdoers to make recoveries, increasing distributions to stakeholders.
10/05/2021
Burges Salmon launches innovative new technology platform, BScale
Firm launches BScale, supporting fast-growth technology companies from start-up, to scale-up and through to exit
10/05/2021
Financial Regulation: Daily Update
Participants will continue to engage on these topics, as well as on other topics of mutual interest, ahead of the next Forum meeting, which is expected to take place in early 2022.
10/04/2021
Tony and Cherie Blair bought property via offshore firm and saved £300,000 in tax
Former PM and his wife became owners of £6.5m office building by acquiring offshore company partially owned by Bahraini minister
10/04/2021
Sarasin fined €385,000 and reprimanded by the Central Bank of Ireland
Sarasin Funds Management (Ireland) Limited fined €385,000 and reprimanded by the Central Bank of Ireland for breaches of investment restrictions and inadequate supervision of delegates
10/04/2021
Will Bulgaria and Croatia meet their eurozone accession deadlines?
Croatia’s adoption of the single currency will be eurozone’s first enlargement since Lithuania joined in 2015.
10/04/2021
Monte dei Paschi’s slow approach to altar reveals EU banking flaws
Politics still stymies the consolidation of European banking fiefdoms
10/04/2021
European banks canceling fossil fuel companies over ESG liabilities
There’s already evidence that upstream oil and gas projects are falling out of favor as banks move beyond coal exclusions.
10/03/2021
Millions stolen from Barclays accounts by Monzo fraudsters
Criminals using Monzo account carried out the thefts using a new money transfer method called Pisp, or payments initiation service provider
10/03/2021
Woodford investors may have to wait another three years for compensation if watchdog fails to intervene
This was the stark admission made late last week by law firm Leigh Day as it started court proceedings against Link on behalf of investors who lost money in the meltdown of the Woodford fund in 2019.
10/01/2021
Financial Regulation: Daily Update
In the template letter, the PRA sets out the thematic feedback from its review of written auditor reports received in 2021.
10/01/2021
UK Government to open door to unlisted Real Estate Investment Trusts
In addition, the new REIT legislation proposals will contain other flexibilities that will make the UK even more attractive as a property investment hub:
10/01/2021
German online bank with worldwide offices fined €4.25m
All measures to improve reports of suspicious activities had been implemented earlier this year, the bank said.
10/01/2021
Cleary Gottlieb Wins Legal Business Corporate Team of the Year Award
The Legal Business Awards also highly commended Cleary for two further awards: