11/07/2021
Netherlands Supreme Court overturns $50 billion ruling against Russia
The Supreme Court accepted that the Court of Appeal had wrongly rejected the claim by Russia regarding shareholders committing fraud in the arbitral proceedings.
Legal, Regulation & Compliance
11/05/2021
FCA denies focus on fund managers over transfer times
It was suggested this could be an area the regulator was giving increasing attention to.
11/05/2021
Pound on course for worst week since June after BoE decision shakes up market
Many investors were caught severely off-guard after the BoE refrained on Thursday from raising its benchmark interest rate.
11/05/2021
Financial Regulation: Daily Update
The Bank of England (BoE) has published a speech by Andrew Bailey, Governor of the BoE, on laying the foundations for a net zero financial system.
11/05/2021
FCA’s data lead sets out the regulator’s data agenda
The speech provided a useful round-up of the FCA’s focus on data across its operations and activities.
11/04/2021
LV members to get £110m in Bain Capital deal
Members will first vote on a special resolution to approve the acquisition of LV by Bain Capital, and then vote on the most effective way to complete the transaction through a scheme of arrangement.
11/04/2021
DP21/4: Sustainability Disclosure Requirements and investment labels
We are seeking initial views on new sustainability disclosure requirements for asset managers and FCA-regulated asset owners, as well as a new classification and labelling system for sustainable investment products.
11/04/2021
Financial Regulation: Daily Update
The FCA will provide interim updates on its work as part of its Business Plan and Annual Report in 2022.
11/04/2021
UK delays changes to KID regime
Trade association says it is encouraging the ‘FCA has listened to industry concerns’ to ‘get it right’
11/04/2021
UK to impose net zero transition plan requirements
The move to introduce new requirements around what the government referred to as “net zero transition plans” will be underpinned by the development of new standards on what a transition plan should look like and related metrics.
11/04/2021
Ex-Commerzbank Compliance Officer Loses Race Discrimination Suit
Ex-compliance worker alleged he was subject to racist tropes
11/04/2021
Towards net zero: mandatory corporate climate-related financial disclosures
Subject to Parliamentary approval, the new rules will come into force in respect of financial periods starting on or after 6 April 2022.
11/04/2021
EBRD raises growth forecast, warns of threats
In some EBRD economies tight labour markets added to inflationary pressures with a strong rebound in vacancies in lower-medium skilled occupations.
11/04/2021
EBRD sees 5.2 per cent growth in central and eastern Europe in 2021
This corresponds to an upward revision of 0.6 percentage point from the Bank’s June forecast, largely down to better-than-expected output in the first half of 2021, though supply-chain disruptions weighed on growth in some economies.
11/04/2021
Sterling drops after BoE leaves rates at 0.1%
Traders are now betting on a rate rise to 0.25 per cent at the BoE’s December meeting.
11/04/2021
Hansard Global sees gradual improvement in Japan as Covid restrictions relax
As a result, the first quarter of our 2022 financial year saw lower levels of new business.
11/04/2021
Treasury tweaks pension age changes
“The government should grasp this opportunity to simplify the pension system, and a good place to start is on the rules around block transfers.”
11/04/2021
Bank of England caught between a rock and a hard place
The Bank of England was expected to act on the immediate inflationary realities but have chosen to continue the holding pattern.
11/03/2021
HSF Financial Regulation: Daily Update
The FCA's role in enabling and supporting innovation.
11/03/2021
EU regulators ease reporting demands in MiFID 2 "Quick Fix" Directive
From a high-level perspective, the changes are focused on reducing the administrative burden on affected firms with operations in the EU, including exemptions from ex ante cost and charges reporting plus some product governance requirements.