10/04/2021
Monte dei Paschi’s slow approach to altar reveals EU banking flaws
Politics still stymies the consolidation of European banking fiefdoms
Legal, Regulation & Compliance
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:
10/01/2021
Morgan Lewis Deepens International Projects and Infrastructure Strength with Partner Seyfi Can Kandemir in London
His representations span developed and emerging markets throughout Europe, the Middle East, Africa, and North America.
09/30/2021
Further arrangements for the orderly wind-down of LIBOR at end-2021
hese 6 LIBOR settings will be available only for use in some legacy contracts, and are not for use in new business.
09/30/2021
Financial Services & Banking News
The deadline for responses to CP19/21 is 12 October 2021
09/30/2021
FCA: Benchmarks Regulation: our new powers, policy and decision-making
Benchmarks are used in a wide range of markets to help set prices, measure performance, or work out amounts payable under financial contracts.
09/30/2021
EU General Court backs European Commission’s tough stance on merger control “gun jumping”
It underscores why it is critical to have robust procedures in place, not just on paper but in practice, to manage contact between the buyer and the target both before signing and between signing and completion.
09/30/2021
Why flexible green funding is essential for transition assets
Central and eastern Europe, the EBRD’s region, has some of the highest carbon emission rates in the world, due partly to its carbon-heavy industries.
09/30/2021
Financial Regulation Daily Update
The FCA intends to confirm its decisions as soon as practicable after the consultation closes.
09/30/2021
Baker McKenzie Announces Global Revenues of USD 3.1 Billion
Most regions recorded significant growth
09/30/2021
European banks need regulation reset to catch U.S. rivals: EBF
Banking capital buffers in Europe have been much tougher than in the United States
09/30/2021
Central Bank Governor sends letter to banks on short term loan restructurings and fee transparency
To this end, providing comprehensive information to borrowers in order to conduct the most efficient, fair and constructive negotiation possible is a necessary component
09/30/2021
SFO announces investigation into £150m investment schemes after dawn raid
At the same time, the SFO also issued several Section 2 notices, which force companies to provide relevant information.
09/30/2021
Listed Funds and the issue of ever-increasing Regulation
Regulators who may have been accused of being asleep at the wheel very quickly responded to political pressure by introducing requirements that now seem commonplace.