06/24/2021
EU data transfers compliance: businesses get fresh guidance
Clearly this more broader assessment will have significant implications not just in relation to transfers but the appointment of service providers
Legal, Regulation & Compliance
06/24/2021
FATF votes to greylist Malta
Global anti-financial crime watchdog advises enhanced monitoring for Malta
06/24/2021
UK watchdog issues warning about 111 unregistered crypto asset firms
This is a very real risk so we are worried about that.
06/24/2021
AAB: plan now for good health of your public sector pension
Richard Johnston offers his prognosis on legislative changes affecting high-earning professionals in the National Health Service
06/24/2021
Pimfa supports call for culture change at FCA
It said the FCA board should set itself an end date for the transformation programme and create milestones at which changes in culture can be reviewed.
06/24/2021
Parliamentary Committe calls for change in FCA culture to protect consumers and markets
The following month, LCF entered administration. Following a request from the previous Treasury Committee, HM Treasury agreed to a request from the FCA for an independent investigation into the collapse of LCF.
06/24/2021
How investment firms can prepare for the new UK prudential regime
The new regime will have a significant impact on the prudential requirements that apply to many investment firms, including collective portfolio management investment firms, and will particularly impact firms that are part of a UK company group structure.
06/24/2021
Regulatory governance in private markets
Private markets have long been considered one of the most complex regulatory areas in financial services, preventing many wealth managers from entering this market altogether.
06/24/2021
Ashurst represents German winemaker
Pieroth Japan was established in 1969 and it was the first foreign wine import company in Japan.
06/24/2021
FCA consults on proposed decision to require synthetic LIBOR for 6 sterling and Japanese yen settings
For the 3 Japanese yen LIBOR settings, based on information currently available to us, we intend to compel their publication for 1 year only until end-2022, after which they will cease.
06/23/2021
ESMA Recommends Changes to Supervisory Fees for Credit Rating Agencies
ESMA also recommends a number of changes to streamline the fee collection process and to align ESMA’s approach across its supervisory mandates.
06/23/2021
Greensill sent all loans under government scheme to Gupta-linked companies
Eight businesses that borrowed from firm under taxpayer-backed programme revealed
06/23/2021
The EDPB’s uncompromising new recommendation on transborder dataflow
The Recommendation is uncompromising and intended to ensure the EU’s protective framework
06/23/2021
Government publishes regulations and guidance on climate risk governance for pension scheme trustees
Accompanying guidance (‘Guidance’) published in June by the Department for Work and Pensions (‘DWP’), sets out how and when trustees must implement climate change governance measures
06/23/2021
Bird & Bird advises WH Ireland Limited on the £15 million Pensana plc fundraise
The Company is focussed on the production of the rare earth elements
06/23/2021
More regulation in private markets remains a challenge, but new solutions bring opportunities
And with such rapidly accelerating demand from clients looking to access private markets, this is now an essential topic for relationship managers and advisers to tackle.
06/23/2021
UK anti-money laundering expert convicted of laundering cash
Prosecutor says £850,000 was allowed to be ‘defrauded from 60 individuals to be dispersed across the world’
06/22/2021
A new dawn for payments - speech by Victoria Cleland
The determination of those involved in its creation, was to build something not only for their immediate needs but for many generations to come.
06/22/2021
Final EDPB Recommendations published on supplementary measures for international personal data transfers from Europe
The challenges posed with implementing the Recommendations may ultimately lead to organisations deciding to instead locate more European personal data in the European Economic Area (the "EEA") or a jurisdiction which is recognised as offering an
06/22/2021
Basel Committee Seeks Public Comments on Prudential Framework for Cryptoassets
To date, the absence of clear bank regulatory standards for cryptoasset-related activities—as well as public skepticism of the legitimacy and future of cryptoassets by some prudential regulators—has slowed the development and offering of crypt