02/11/2021
Bank of Valletta plc: An update on recent developments
However, on a positive note, as we started seeing an improvement in business sentiment during H2’20, European banks started reversing part of their provisions.
Legal, Regulation & Compliance
02/11/2021
Hedge Fund Employee Loses Bid to Halt Extradition in Cum-Ex Case
He had already lost a bid to challenge the warrant based on Brexit.
02/11/2021
FCA finds the Covid-19 pandemic leaves over a quarter of UK adults with low financial resilience
This figure is up 15% since the FCA completed its FLS in February, when 24.0 million displayed characteristics of vulnerability.
02/11/2021
Business Crime: developments to watch in 2021
After a year of unprecedented disruption, we consider recent major developments in the business crime sphere and what to expect in 2021
02/10/2021
Financial Regulation: Daily Update
The firm was consequently left unable to meet potential liabilities for unsuitable advice, while the director was able to retain accrued profits.
02/10/2021
Bank of England chief's evidence to MPs questioned by former senior judge
Row over report into LC&F collapse escalates as ex-high court judge disagrees with Andrew Bailey’s evidence
02/10/2021
Investec to cease structured product offers in retail market
Investec recently joined the string of providers removing value added tax from managed portfolio services, lowering the cost of the service for advisers.
02/10/2021
Key pain points of SMCR
In this episode, we would like to further explore the key pain points of the SMCR.
02/10/2021
Goldilocks and the three pillars: how much capital is just right? - speech by Anna Sweeney
Speech given at the Westminster Business Forum
02/09/2021
Societe Generale gives all employees the right to work from home for up to two days a week
Caroline Guillaumin, SocGen's head of human resources, explains: "We felt it essential to quickly define a new work structure that would meet the expectations of our employees after the unique experience of remote working, which we had to set up
02/09/2021
Scottish court confirms use of English sentencing guidelines in fire safety cases
The court decided that “the true level of culpability might be described as at the lower end of high, or the higher end of medium”.
02/09/2021
Gowling WLG Corporate Activity: 12 Month Review, and the Year Ahead
Keen to find out how Gowling WLG can support your continued success in 2021?
02/09/2021
FCA 'Dear CEO' letter: Supervision strategy for retail banking portfolio
The FCA expects CEOs of retail banks to discuss this letter with fellow directors and the Board and agree what further action may be required to ensure the firm meets the requirements and expectations set out by the FCA.
02/09/2021
Eurodad reaction to today's OpenLux revelations
The OpenLux investigation shows us two things. Firstly, transparency works, and secondly, that we have a long way to go before the EU can declare itself free of tax havens.
02/09/2021
PIMFA calls on Government to include economic harm in Online Safety Bill as members report rise in increasingly sophisticated online scams
PIMFA and its members believe that, such is the extent of fraud, the only solution is to enshrine in law additional consumer protections that would tackle the growing threat from online fraudsters.
02/09/2021
PRA statement on supervisory benchmarking exercise relating to capital internal models
This Prudential Regulation Authority statement addresses the 2021 supervisory benchmarking exercise for capital internal models, relevant to credit institutions in scope of the reporting requirements.
02/09/2021
Exclusive-Angola moves to seize Dos Santos-linked asset in Dutch court
Dos Santos briefly ran state oil company Sonangol from 2016 until 2017, when her father’s four-decade rule ended.
02/09/2021
Ex-Banker Put on Interpol Most Wanted List in Cum-Ex Probe
Germany launches public search for New Zealander Paul Mora
02/09/2021
Cross Border Insolvency in the Backdrop of Brexit
Following private international law principles, officeholders appointed by a national court in which a company is incorporated will be recognised by both the Guernsey and Jersey courts.
02/08/2021
CS Victims Laud Fraud Report Findings And Demand Credit Suisse Return Client Funds
Irregularities included not providing information to clients, executing transactions without client confirmation and ignoring internal controls.