02/05/2021
FCA report outlines practices firms can consider to reduce failed technology changes
Financial services technology is constantly updated, but when firms implement changes they don’t always go to plan.
Legal, Regulation & Compliance
02/05/2021
UK directors face new liability demands under major audit reform
Far-reaching overhaul of corporate governance set to be unveiled in long-awaited white paper
02/04/2021
HMRC awards Open Banking contract to Ecospend
Under the new systems, payments will be sent directly from a payer’s bank account, using validated HMRC details to address the problems with fat finger errors.
02/04/2021
Many UK companies report trade hassles from Brexit shift: HSBC
More than a quarter of the companies reporting an impact cited increased time spent on bureaucracy, HSBC said.
02/04/2021
FCA secures interim restitution order against five individuals
The proceedings against the other two defendants continue.
02/04/2021
FCA sets out its approach to international firms
The FCA today published its approach to the authorisation and supervision of international firms.
02/04/2021
Commission disburses €14 billion under SURE to nine Member States
Today's disbursements follow the issuance of the fourth social bond under the EU SURE instrument, which attracted a considerable interest by investors.
02/04/2021
Social network activities and their legal implications in the EU: Defamation and data protection
Moreover, the court held that this particular communication method has the ability to reach an indefinite number of people and regards subjects present on a specific virtual platform for the purpose of constant socialisation.
02/04/2021
Maples Group Supports Major Investment Banks On Landmark Luxembourg Securitisation
The Initial Purchasers purchased notes issued by a Luxembourg special purpose vehicle for the principal amount of US$500 million.
02/04/2021
Leading Guernsey fintech business becomes regulated
The regulation supports The ID Register’s single-sign-off service for investors, funds and service providers alike.
02/04/2021
Bank of England says banks need 6 months for any sub-zero rates
“Nobody should take any signal from this,” Governor Andrew Bailey told a news conference.
02/03/2021
Ecospend secures HMRC’s £3m open banking contract
Winning the government’s largest open banking contract to-date.
02/03/2021
Germany strengthens foreign investment controls
Foreign direct investments in these areas will then have to be notified to the BMWi and may not be conducted until the ministry has finished the review.
02/03/2021
Esma calls for post-trade experts to join consultative group
It is also expected to assist the PTSC in assessing the potential impact of proposed technical standards and guidance.
02/03/2021
Federated Hermes wins private-client voting mandate
EOS votes on $1.28 trillion of client assets.
02/02/2021
Financial Regulation: Daily Update
There is also an option to participate in a team or as an observer in a related US sprint, led by the Alliance for Innovative Regulation, further information on which is available on the webpage.
02/02/2021
EU says in appeal that Apple tax ruling was 'contradictory'
In an online summary of the appeal posted online, the EU said the court's decision “constitutes contradictory reasoning”
02/02/2021
UK applying to join Asia-Pacific free trade pact CPTPP
Joining the bloc would reduce tariffs on UK exports such as whisky and cars, as well as service industries, she said.
02/02/2021
FCA publishes review into unsecured credit market
New ways of borrowing and the impact of the pandemic are changing the market, with billions of pounds now in unregulated transactions and millions of consumers at greater risk of financial difficulty.
02/02/2021
Ireland Update - Central Bank's Portal: Deadline for Registration
From 15 February 2021, the portal must be used for specific fund filings including attestation requests, index submissions and filings of amended fund documentation.