04/08/2021
Ex-SocGen Bankers Challenge Fines Over Putin Foe’s $700 Million Deposits
Sergei Pugachyov, a former Russian senator, was once a close confidant of Putin and amassed a fortune of more than $1 billion in the 2000s.
Legal, Regulation & Compliance
04/08/2021
Record French Fine Slashed as Latvian Bank Wins Tax Appeal
The penalty was eclipsed just a year and a half later when the PNF secured a 3.7 billion-euro fine in court against UBS Group AG.
04/08/2021
Maples Group's London Funds & Investment Practice Wins Two Industry Awards
The Maples Group has been operating in London for over 20 years and its London office continues to be a strategic location, serving as an important European hub for its international client base.
04/08/2021
Greece mulls golden visa overhaul
Interest in Greece's golden visa has not waned even during the pandemic since Greek residency allows investors to enter Europe even when borders are closed, analysts at overseas property brokerage Tranio say.
04/08/2021
MFSA outlines expectations in fund management sector in new publication
The authority said that it expected licence holders to take note of the content of the publication and carry out a self-assessment exercise with respect to the recommendations being made
04/08/2021
Latham & Watkins Advises on Sanne Group Plc’s £79.5 Million Share Placing
London capital markets team represents the joint global coordinators in the underwritten, non-pre-emptive placing of new ordinary shares.
04/08/2021
ESMA unveils draft RTS on changes to CCPs’ activities and models
The European System of Central Banks, the European Banking Authority and other relevant authorities have contributed to the drafting of the RTS.
04/07/2021
Bank of England statement on the regulatory treatment of the UK Recovery Loan Scheme
The Government has today launched a Recovery Loan Scheme (‘RLS’) as part of its continued Covid-19 support for UK businesses, as previously announced by HM Treasury on 3 March 2021.
04/07/2021
Malta launches new citizenship by investment programme
It is a member of the EU and offers its citizens visa free travel to over 180 countries.
04/07/2021
Financial promotions quarterly data
This data includes statistics about how we review and act on certain non-compliant financial promotions.
04/07/2021
A&O advises on EUR2.35 billion loan and high yield bond refinancing by Foncia
The financing consisted of a EUR1.3 billion term loan facility, a EUR437.5 million revolving credit facility, EUR400 million of 3.375% Senior Secured Notes due 2028 and EUR250 million of 5.000% Senior Unsecured Notes due 2029.
04/07/2021
New watchdog to boost online competition launches
A tough new regulator to help make sure tech giants such as Facebook and Google cannot exploit their market dominance to crowd out competition and stifle innovation online has launched.
04/07/2021
European Commission Suffers ‘IT Security Incident’ – Report
The European Commission and a number of other European Union agencies have suffered a cyberattack last month.
04/07/2021
Data Protection Developments in Europe
These developments are restricting the ways in which businesses can share personal data within their organizations and with counterparties internationally.
04/07/2021
ESAs publish joint Annual Report for 2020
The Joint Committee continued to work also in the areas of securitisation and financial conglomerates.
04/06/2021
Overcoming complexity and realising opportunity in luxury French property
Against the backdrop of the COVID-19 pandemic, luxury French property remains an attractive investment choice for many high net-worth individuals (HNWIs).
04/06/2021
Key trends from the boardroom in 2021
This has been further exacerbated by the impact of the COVID-19 pandemic on the financial system, leading to a push by investors for ESG-focused initiatives and an increased emphasis on a company’s responsibilities towards wider society.
04/06/2021
The SFDR – get it right from the start
The SFDR has now become a reality, with EU funds and non-EU AIFs marketed within the EU being obliged, as an initial step, to have updated their prospectuses by 10 March 2021, requiring investment managers to classify their fund product into one of three
04/06/2021
The importance of purposeful anti-money laundering controls
Speech by Mark Steward, Executive Director of Enforcement and Market Oversight, delivered at the AML & ABC Forum 2021.
04/06/2021
Italian and French banks revive ‘doom loop’ fears with bond buying
Exposure to own countries’ sovereign debt reawakens concern over faultline in Europe’s monetary union