05/23/2021
Russian govt gives go-ahead for piling of National Wealth Fund into gold bullion
In the long-term, precious metals are much more sustainable for investments than financial market assets.
Legal, Regulation & Compliance
05/21/2021
FCA consults on use of new powers to support orderly wind down of critical benchmarks
The FCA has already established its policy framework for how it would exercise its new powers to require continued publication of critical benchmarks
05/21/2021
FCA: Deadline extension for Strong Customer Authentication
We have extended our deadline for implementing Strong Customer Authentication (SCA) for e-commerce transactions to 14 March 2022.
05/21/2021
Remuneration disclosures improving among UK companies, research finds
“Many companies are going to have to do better if they want to ensure greater investor support for their directors’ remuneration report at their next AGM,” Benns said.
05/21/2021
European Commission fines three investment banks over bonds 'collusion'
The seven investment banks participated in a cartel through a group of traders working on their EGB desks and operating in a closed circle of trust, it added.
05/21/2021
EU court confirms Commission's approach to tax rulings
The court has already accepted – and repeated in these judgments – that the Commission’s state aid investigations do not constitute tax harmonisation through the back door and it is legitimate for the Commission to be investigating natio
05/21/2021
Scaling the climbing wall
Escalation and cascade in financial institutions
05/21/2021
Compatibility test: Can I process lawfully collected personal data for a new purpose?
This is also connected to other principles of processing.
05/20/2021
Financial Regulation: Daily Update
Mr Hall examined the causes of the March 2020 market disruption
05/20/2021
European Central Bank castigates banks over instant payment fees
However, instant payments are sometimes offered to consumers for €1 per transaction.
05/20/2021
All reporting firms moved to FCA’s new data collection platform RegData
RegData has replaced Gabriel as our data collection platform, with the last group of firms now moved across.
05/20/2021
Swiss Trader Accused of Laundering Mafia Money With Diamonds
Lugano is a historic center for Italians’ undeclared assets
05/20/2021
Prepaid Financial parent sheds 46% of value over investigation
Central Bank considering taking regulatory action against Irish-founded firm
05/20/2021
UK’s FCA To FinTechs: You’re Not Banks
The concerns set out in the letter to FinTechs demonstrate the “growing anxiety among regulators” regarding companies following the collapse of German payments firm Wirecard, the news outlet said.
05/20/2021
Goldman bets on UK anti-money laundering start-up
Bank invests in company aiming to benefit from efforts to combat financial crime
05/20/2021
Carey Olsen retains best offshore law firm title at WealthBriefing European Awards
Winning this award for the second successive year is testament to the hard work of our teams
05/20/2021
FCA brings fraud charges against unregulated adviser
Mr Hudson will appear at Southwark Crown Court for a Plea and Trial Preparation Hearing on 17 June 2021.
05/20/2021
Financial Regulation: Daily Update
The proposals are part of a wider package of amendments to the BMR in the FS Act, which aim to ensure that the FCA has the appropriate regulatory powers to help reduce risk of harm to consumers and ensure market stability in the wind-down period before LI
05/19/2021
Financial Regulation: Daily Update
The letter sets out the FCA's concerns on the lack of disclosure that e-money firms offer customers in respect of the differences between their services and traditional banking
05/19/2021
Directors banned after taking £14m from investors
According to the Insolvency Service false accounts had also been sent to the company’s bank.