01/05/2021
Mourant advises Suntec on entry to UK investment market
The net property income yield of 4.6% will provide a DPU accretion of 4.9% upon completion of the acquisition in December 2020.
Legal, Regulation & Compliance
01/05/2021
Malta on track to avoid grey listing – Robert Abela
On Sunday Abela said the government had been working tirelessly to rectify the situation.
01/05/2021
Cayman faces new EU blacklisting
CNS contacted the Cayman Islands Ministry of Financial Services about the latest threat and officials said that the Cayman government will continue engaging with the EU on the issue this year, albeit given the limitations on travel.
01/04/2021
Satabank ‘blindly’ took on client portfolio without knowing risks
FIAU report finds bank did not always get to pick its own customers
01/04/2021
Ex-FCA boss Woolard awarded CBE
The former FCA boss received a CBE in this year's honours list for services to financial regulation and financial technology innovation.
01/04/2021
Carey Olsen dominates high yield bond market as it achieves TISE listings milestone
Carey Olsen Corporate Finance Limited offers listing services from both the law firm's Jersey and Guernsey offices.
01/04/2021
After ECB Dividend Cap Flouted, Finnish FSA Mulls Next Step
The lender acted without its watchdog’s permission, but Helenius acknowledged there’s not much he can do about it.
01/04/2021
Cost of Commerzbank job cuts rises
In the third quarter of 2020, the Bank had already formed restructuring provisions in the amount of around 200 million euros to cover various issues including a part-time retirement programme.
01/04/2021
BaFin sets out new rules on governance, risks for occupational schemes
he requirements on internal business organisation, or governance, will enter into force on 1 June
01/04/2021
MoUs with European authorities in the areas of securities, insurance and pensions, and banking
The MoUs came into effect at the end of the transition period.
01/04/2021
Financial Regulation Update
The FCA has also updated its webpage on transitional directions, and has published a new webpage on onshoring updates to its Handbook and Technical Standards. [22 Dec 2020]
01/03/2021
Report: Cyprus Failed to Act Even When Warned of Shady Passport Buyers
A report put together by a committee and released on Tuesday said that even when authorities were in possession of disqualifying details about a candidate, they did not act.
12/31/2020
Banks are among the biggest risers on UK’s green light for Oxford-AstraZeneca vaccine
Lenders bounce back after post-Christmas fall as new inoculation is approved
12/30/2020
EU batteries regulation aims to reduce reliance on China imports
Europe wants to become a major player in sustainable battery production
12/30/2020
Malta Business Bureau welcomes EU-UK Free Trade Agreement
Cautions about ‘substantial’ implementation challenges
12/30/2020
Analysis: Thumbs up for emerging markets' QE experiment but risks loom
Emerging market watchers such as David Hauner at BofA are broadly positive on the results.
12/30/2020
PRA statement on the EU requirement on prudential treatment of software assets
CRR Article 36(1)(b) exempts software assets from the deduction requirement for intangible assets from Common Equity Tier 1 (CET1)
12/29/2020
7 major changes coming to UK laws in 2021 including travel to the EU, data roaming and more
New year, new rules - find out what some of them will be
12/29/2020
Italy business lobbies urge EU to ease credit default rules
The letter echoes concerns previously raised by Italian banks over a stricter definition of default kicking in from January, as well as on so-called calendar provisioning rules, which force banks to write down impaired loans in full over a set number of y
12/29/2020
Greece To Begin Early Repayment Of $4.4Bln In IMF Loans - Finance Minister
The Greek government is choosing to repay the loans early in order to optimize the country's fiscal resources and reduce both interest rates and the risk of currency volatility.