07/08/2021
Monetary Authority of Singapore and Banque de France Break New Ground in CBDC Experimentation
First use of automated market making in m-CBDC experiment
Legal, Regulation & Compliance
07/07/2021
Central Bank of Ireland Issues Revised AML and CFT Guidelines: Key Changes
The revisions reflect the further transposition of 5MLD and bring the Guidelines in line with current CBI expectations in relation to designated persons' ("firms") existing obligations under the Criminal Justice (Money Laundering and Terror
07/07/2021
Fund managers falling short on assessing the value of their funds
Our review found that, while some had been conducting AoV assessments well, too many AFMs often made assumptions that they could not justify to us, undermining the credibility of their assessments.
07/07/2021
Carey Olsen supports Nordic Capital on first mid-market Evolution Fund
Carey Olsen's investment funds team has advised European private equity firm Nordic Capital on the €1.2 billion final closing of its first Evolution Fund.
07/07/2021
Ogier advises Cain International
Its remaining capital will be used to target opportunities in the residential sector in markets where Cain has an established investment track record.
07/07/2021
Spotlight on diversity and inclusion in a time of crisis
In other jurisdictions, governance change is also afoot, with the PIRC introducing gender quotas at board level in Germany, and NASDAQ proposing diversity quotas for its companies too.
07/07/2021
Top UK regulators join forces to tackle regulated firms' lack of diversity
The discussion paper also focuses on the importance of data and disclosure in order to enable firms, regulators and other stakeholders to monitor progress.
07/07/2021
Agents should prepare for an increase in AML legislation due to Brexit
The UK recently decided to opt out of transposing the EU’s 6th Anti-Money Laundering Directive (6MLD) due to many of its requirements being already covered by existing UK law.
07/07/2021
Regulators mull linking exec pay to diversity targets
These measures include linking remuneration to diversity and inclusion metrics and the regulators’ approach to it in terms of non-financial misconduct.
07/07/2021
A Quantum Leap for Financial Services
The workshop also pointed to the challenge security will pose to regulators in various sectors
07/06/2021
What does Brexit mean for tax havens and the City of London?
The words ‘competitive advantage,’ or ‘competitiveness’ when applied to a financial sector, are clear warning signals for those of us who look closely at these things.
07/06/2021
FCA consults on reforms to improve the effectiveness of UK primary markets
The FCA’s suggested reforms seek to address, and build, on the proposals in these important reviews to ensure that the UK remains an attractive place to grow and list successful companies.
07/06/2021
New law opens gates for institutional crypto investment in Germany
The new law could facilitate a massive influx of German financial capital into the crypto industry, with some analysts speculating this latest move will open the door to $415B in potential investment in cryptocurrencies.
07/06/2021
Delta spells new risk dimension for markets
Beyond investors’ fears of runaway inflation potentially triggering a premature hike in interest rates, the fast-spreading variant now poses a threat worth watching for economic recoveries and financial markets.
07/06/2021
Diary of a fund Manager - Market warming
Starting in the US, the monthly employment report was well received by all.
07/06/2021
Carey Olsen advises Clarion Partners Europe on €882 million sale of logistics portfolio
The transaction is one of the largest European real estate deals this year.
07/06/2021
Binance payments blocked by Barclays
The banking giant said customers will no longer be able to make credit or debit card payments to the crypto exchange following its ban by the FCA last week
07/06/2021
Regulator's AoV review an 'uncomfortable read' for fund managers
“Value managers will also sit up and take note that the FCA took a seemingly dim view of citing investment style as a long-term ‘get out of jail free’ card for relative underperformance.
07/06/2021
Authorised fund managers’ assessments of their funds’ value
All AFMs should review our findings and assess the quality of analysis and decision making within their own processes and the judgements
07/06/2021
COVID-19: Lifting of working from home guidance in England
On 5 July the Government published the COVID-19 Response: Summer 2021 setting out the details of the final roadmap step 4 as England transits out of lockdown.