03/15/2021
Latham Secures Major Victory for Ukraine in US$6 Billion Arbitration
Ground-breaking case believed to represent the largest ever treaty claim brought against Ukraine.
Legal, Regulation & Compliance
03/15/2021
FCA imposes ban on DFM after section 166 probe
The regulator has come down hard on Dolfin following a two-year probe into its financial crime controls.
03/15/2021
LBMA calls for 'global effort' to reduce gold's 'illegitimate sector'
Response to open letter
03/15/2021
Fourteen-year old advice comes back to bite Barclays
He said he was advised to invest too much and exposed to a higher degree of risk than he was prepared to take.
03/15/2021
Switzerland first to approve UK's post-Brexit joining of disputes convention
International disputes between UK and EU businesses previously fell under the Recast Brussels Regulation, which provided a streamlined regime for the allocation of jurisdiction between UK and EU member state courts and the enforcement of UK court judgment
03/12/2021
Update on IRHP final report
John Swift QC has also conducted a large number of interviews with stakeholders including former and current FSA/FCA employees, IRHP customers, banks and skilled persons.
03/12/2021
UK fund manager cleared of indecent assault
Junior female banker claimed the incident happened in 1998
03/12/2021
LIBOR transition update: early trends and hedging challenges
As efforts to move to risk-free rates gather pace, some clear preferences are emerging, but a lack of liquidity in hedging products presents a challenge in markets such as real estate finance
03/12/2021
Financial Regulation: Daily Update
The final report is expected to be finalised and published in summer 2021.
03/12/2021
More than A Token Gesture – Tokenisation of Real Estate, Debt and PERE Funds
Real estate investment trusts (REITs) is one approach the markets took to solve some of these problems, they allow fractional ownership and in Asia are tradable on stock markets.
03/12/2021
Legl gets $7M to help law firms upgrade to digital workflows
The Series A will be used to expand Legl’s team and grow its UK user base as well as for further development of the product.
03/12/2021
Barclays to pay own $46 million legal bill in Staveley court case
Staveley incurred costs of nearly 20 million pounds in fighting the case, court documents showed.
03/12/2021
German towns braced for €500m in losses from Greensill Bank collapse
Municipalities did not have to pay negative rates at lender but were not covered by deposit insurance
03/11/2021
Financial Regulation: Daily Update
The draft Guidelines cover the authorisation requirements set out in the Capital Requirements Directive (CRD), complement the Regulatory Technical Standards (RTS) on authorisation of credit institutions, and contribute to the convergence of supervisory pr
03/11/2021
Anti-money laundering added to Modularbank’s range of skills
With a little help from HAWK:AI in Germany.
03/11/2021
FCA Recognizes Need to 'Up Our Game' and Admits PSCS Levy is 'Unsustainable' at Pimfa Virutal Fest
Ms Gupta said the regulator also shared the frustration of wealth managers and advisers over the Financial Services Compensation Scheme (FSCS).
03/11/2021
The EBA consults on guidance on how to grant authorisation as credit institution
The draft Guidelines advocate for a risk-based approach and insist on the importance of consistency with the supervisory approaches applied in going concern situations
03/11/2021
EBA assesses consumer trends for 2020/2021
The Report also explains the measures the EBA has taken to mitigate the impact of the COVID-19 pandemic on consumers.
03/11/2021
Taking control: How to get on top of non-financial risks - PWC
From the growing focus on ESG to the heightened operational risks and cyber vulnerabilities for people working from home, 2020 has also highlighted the knock-on impact of one NFR to another.
03/11/2021
Emerging from the legislative fog: the UK’s transformative foreign investment regime comes into sharper focus
These developments have shed light on some key issues - including by providing further clarity on the scope of the sectors in which notifications will be mandatory - but significant questions remain outstanding.