08/18/2021
Trials of shared banking hubs to be extended
The government is consulting on plans to protect community banking services.
Legal, Regulation & Compliance
08/18/2021
High Court sanctions scheme of arrangement despite FCA objections
The case shows that the result of a sanction hearing very much depends on the facts of each specific case.
08/18/2021
Transmission revamp will reshape the financial world
The business of transacting is barrelling down a path of unstoppable change
08/18/2021
Harneys advises Bradda Head Holdings Ltd on its admission to AIM
The firm’s significant track record includes advising on high profile private equity transactions, landmark IPOs, as well as public and private M&A and joint ventures.
08/18/2021
Financial Regulation: Daily Update
The EBA will continue to benchmark remuneration trends biannually, but the next report will not include UK data due to Brexit.
08/18/2021
General insurance pricing practices - amendments
Our rules ensure that renewing home and motor insurance consumers are quoted prices that are no more than they would be quoted as a new customer through the same channel.
08/17/2021
FCA publishes welcome guidance on ESG and sustainable funds
The FCA gives specific examples of the numerous poor applications it has received for the authorisation of ESG funds and sets out its expectation of "material improvements in future applications".
08/17/2021
Highest EU court will decide on GDPR damages
The plaintiff was affected by a data privacy scandal at the Austrian postal service, which revealed that the postal service processed and sold information on the political affiliation of the entire Austrian population.
08/17/2021
Hogan Lovells advises KBR on its c.$400m acquisition of Frazer-Nash Consultancy from Babcock
With expertise in areas such as systems engineering, data science, cyber, and clean energy, Frazer-Nash is highly complementary with KBR’s global priorities but has minimal overlap because of its geographic footprint.
08/17/2021
Financial Regulation: Daily Update
The Report reflects on the effects of moving to a virtual format in response to the pandemic, and notes that the enforced change was broadly successful and reflected well on contingency planning measures.
08/16/2021
€500,000 FIAU fine for money transfer firm Sendvalu
The FIAU says Sendvalu failed to undertake appropriate enhanced due diligence measures in instances clearly posing a high money laundering risk
08/16/2021
Financial Regulation: Daily Update
ASIC cancels or suspends 24 Australian credit licences for failing to join AFCA
08/16/2021
New hit for Monzo over money-laundering inquiry
OakNorth withdraws saving products
08/16/2021
TISE makes Listing Rule changes to target SPACs
TISE initially introduced rules for listing SPACs in 2015 and it has recently revised them to align with developing market trends in both the US and Europe and notably, where there may be an institutional investor base.
08/16/2021
Prince Andrew's banker friend is named in 'plot to financially ruin oil-rich Qatar'
Qatar has accused Mr Rowland, 76, of launching a cover-up over his alleged role
08/16/2021
Legal implications of remote work arrangements: perspectives from the U.S., UK, and France
Failure to comply with the employer’s requirements may expose the employees to sanctions.
08/16/2021
Judge rules Credit Suisse banker was unfairly sacked over rogue trade
The tribunal also concluded that Volkova acted “dishonestly and without integrity, deliberately misleading her colleagues and disobeying reasonable instructions.”
08/16/2021
Financial Regulation: Daily Update
The RTS set out a list of mandatory components that must be present in the contractual recognition terms of a relevant financial contract.
08/15/2021
Dealing with GDPR: The retail sector’s Covid-19 by-product
This article only looks at privacy which is the legal obligation for businesses to manage customer data – the GDPR sets out the principles. Under the GDPR, retailers are accountable to their consumers and to the UK’s regulator the Information
08/13/2021
Changing formation - UEFA re-writes the Rulebook for the Club Financial Control Body
In the 2021 version of the Procedural Rules governing the CFCB (2021 Rules), UEFA has sought to address these issues.