01/11/2021
The EU’s vulnerable minorities
This failure gave rise to political resentment in sections of society and missed an opportunity to promote fairer and more economically productive communities.
Legal, Regulation & Compliance
01/11/2021
Dentons snaps up pensions business
The acquisition will see Dentons add approximately 1,000 SIPPs to its existing book of business
01/11/2021
FCA sounds alarm bell over high risk cryptoassets
Consumers should be wary if they’re contacted out of the blue, pressured to invest quickly or promised returns that sound too good to be true.
01/11/2021
Banks are back
The market has anticipated this to some extent, with both bank stocks and bonds outperforming the general market over the past couple of months, albeit the sector was one of the laggards throughout 2020.
01/11/2021
Revolut files paperwork for UK banking licence
The UK banking licence will allow Revolut to provide full service current accounts with essential products such as overdrafts, loans and deposit accounts.
01/11/2021
The role of an AIF depositary
Its main objective is to enhance investor protection by increasing the depositary missions and responsibilities.
01/11/2021
Deutsche Bank pays $122.9 million to resolve ‘business development’ FCPA offenses
The DOJ charged Deutsche Bank in federal court in New York with one count of conspiracy to violate the books and records and internal accounting controls provisions of the FCPA.
01/11/2021
AJ Bell Removes VAT from MPS and Lines Up New Responsible MPS
VAT is being removed from AJ Bell’s annual management charge of 0.15%
01/11/2021
New year, new UK sanctions regime
Businesses which are subject to the new UK regime should therefore ensure that they understand how these sanctions apply to them, and the extent to which they may differ from the previous EU-derived regime.
01/09/2021
Covid-19: FCA updates expectations on market trading and reporting
Firms that have concerns about their ability to meet their obligations due to Covid-19 should contact the FCA through their regular supervisory channels as soon as possible.
01/09/2021
Business ‘exposed island to risk of financial crime’
The GFSC said it considered Safehaven’s services as ‘inherently high risk’.
01/08/2021
U.K. and EU Head for Post-Brexit Battle Over Financial Services as Trading Moves Out of London
Financial services weren’t covered by the post-Brexit trade deal struck just before Christmas between the U.K. and the EU, and U.K.
01/08/2021
AUSTRAC reviewing data on Vatican money transfers
The data raised eyebrows in Australia and the Holy See, given the number of transfers and amounts that appeared to be greatly out of line with the Vatican’s financial reality.
01/07/2021
European Innovation Council Fund: first equity investments of €178 million in breakthrough innovations
Among them, the French company CorWave is the first EU company in which the EIC Fund is investing.
01/07/2021
CP1/21 - Solvency II: Deep, liquid and transparent assessments, and GBP transition to SONIA
The proposals in this CP would result in changes to the PRA Statement of Policy The PRA’s approach to the publication of Solvency II technical information’ (Appendix).
01/07/2021
China and EU conclude investment agreement
The agreement will provide a fair market climate for EU investors with clear rules on Chinese State-owned enterprises, transparency in subsidies, prohibition of forced technology transfer and other distortions.
01/07/2021
FCA: Updated list of equivalent non-UK regimes in relation to DTRs 4 to 6
BoE and SRB sign co-operation arrangement on cross-border bank resolution
01/07/2021
FCA publishes coronavirus financial resilience survey data
The FCA has also been using existing regulatory reporting data, enhanced data purchased from a third-party provider and in-depth analysis of liquidity for a number of the most significant firms.
01/07/2021
Lloyds bosses in spotlight over HBOS Reading fraud
Some cases may not be resolved until the end of 2022, more than 15 years after the scam.
01/07/2021
CISI extends remote invigilation testing to all global exam candidates
CISI examinations are usually sat by candidates in global exam centres, with multiple choice exams being undertaken at those centres by computer-based testing.