02/22/2021
IFAs left in 'limbo' as banks deny business accounts
Yvonne Cooper, director of IWMC, said the firm had banked with Barclays for more than 20 years.
Legal, Regulation & Compliance
02/22/2021
UK attracts 1,500 EU financial services firms
The TPR allows European Economic Area firms and funds to continue to operate in the UK, while seeking full authorisation from UK regulators.
02/22/2021
TrustQuay signs international technology deal with Centralis
Laserfiche will enable all documents to be securely and effectively managed and, together with NavOne, will allow business processes to be automated as a core part of Centralis’ plans for digital transformation.
02/19/2021
LEBC reports 'disappointing' year after DB exit
The company said the situation was made worse by market drops at the beginning of the coronavirus crisis, which had compounded its "weakened trading performance".
02/19/2021
FCA Regulation Round-up: February 2021
The FCA's approach to regulating payments and e-money firms
02/19/2021
Commission sets course for an open, sustainable and assertive EU trade policy
The strategy includes a series of headline actions that focus on delivering stronger global trading rules and contributing to the EU's economic recovery.
02/19/2021
What are dematerialised securities, and why do they matter for Luxembourg?
Dematerialisation is essentially the process by which physical documents and certificates are changed into and then used in electronic format.
02/19/2021
Barclays expects High Court judgment on Amanda Staveley case imminently
Staveley is asking for £819mln in damages through a civil lawsuit over the bank’s emergency cash call during the 2008 financial crisis
02/19/2021
Carey Olsen advises Basalt on launch of US$2.75 billion infrastructure fund
Lawyers from Carey Olsen's corporate team in Guernsey have advised Basalt Infrastructure Partners (Basalt) on the successful launch and final close of its latest fund, Basalt III, with commitments of US$2.75 billion Basalt III is the leading mid-mar
02/19/2021
Germany: Draft law proposes anti-avoidance measures regarding noncooperative jurisdictions
A jurisdiction that is engaged in unfair tax competition would be defined as a jurisdiction that applies tax measures
02/19/2021
“Some challengers don’t want to make a profit” says Cashplus boss
It would mark the bank’s first outside investment, aside from backing from California-based private equity firm Trident Capital, which has committed £20m to date.
02/18/2021
Odey ‘lunged’ at junior female banker, court hears
According to multiple reports, prosecutor Kerry Broome told the court that Odey, who was 39 at the time, accepted he propositioned the woman for sex but denies assaulting the woman.
02/18/2021
EBRD and UN Women join forces to address pandemic’s economic impact on women
With this new partnership, there will be new gains for women and girls, but also for economies by addressing gender-specific issues within financing models and instruments.
02/18/2021
Financial Regulation: Daily Update
The BBRS is a newly launched service which aims to help small and medium-sized enterprises (SMEs) resolve disputes with their banks through the use of alternative dispute resolution techniques.
02/18/2021
QE as an economic policy tool - what does it do and how should we use it?
Speech by Dave Ramsden
02/18/2021
EU financial regulators seek greater powers over tech providers
The regulators also said there was a need to ensure that recommendations made to CTTPs under the new regulatory framework could be enforced at EU level
02/18/2021
Covid: Future employment contracts may insist workers have been vaccinated, justice secretary says
Mr Buckland also said it would be up to pubs and restaurants if they wanted to make vaccines a requirement for entry but said he did not support a government led vaccine passport system.
02/18/2021
Bearing Point RegTech extends its cooperation with DKB
DKB will use Abacus360 Banking to meet the requirements of German and European regulatory reporting
02/18/2021
ESMA Highlights Risks to Retail Investors of Social Media Driven Share Trading
The statement is issued as part of ESMA’s investor protection objective to safeguard retail investors, whose participation is key to the development of the Capital Markets Union.
02/18/2021
Witnessing Wills In A Covid-19 World
A witness who appears by audio-visual link must, as soon as is reasonably practicable after witnessing the signing of the Will