09/04/2020
FCA Board Minutes July 2020
FCA report: 'Messages from the Engine Room' 5 Conduct Questions for supervising wholesale banks
Legal, Regulation & Compliance
09/04/2020
Britain leads exodus of wealthy citizens abandoning home for rates relief from Rome
Britons are leading the charge to take advantage of the scheme, with 78 leaving the UK for Italy since the tax break was introduced in 2017.
09/04/2020
Rui Pinto Football Leaks trial starts in Portugal
Rui Pinto's house arrest was lifted last month
09/04/2020
Polish banks prepare for $525 mln hit for mis-sold Swiss franc mortgages
Many borrowers have seen their instalments balloon after the Swiss franc almost doubled in value against Poland’s zloty since the global financial crisis.
09/04/2020
Greece: Development law amended regarding implementation and eligibility of investment plans
The laws establish state aid schemes providing tax exemptions, grants, and wage subsidies for private investments in Greece.
09/03/2020
Licence of Maltese wealth company revoked
After it provided the regulator with ‘false, inaccurate and misleading information’
09/03/2020
Europe's crisis measures must be temporary, ECB's Weidmann warns
Fiscal policy should also not get used to an easy course, nor should it rely on interest rates to remain so low over the long term.”
09/03/2020
Bank of England policymakers warn of bigger risks for UK economy
Vlieghe said there was “a material risk” that it could take several years for Britain’s economy to return to full capacity after its coronavirus shock.
09/03/2020
EU and Germany join efforts to support the African Union's response to coronavirus
This specific consignment will be able to reach a large number of countries as it will support the African Union continental response
09/03/2020
UK households face £1,200 hit to incomes after pandemic, Bank of England warns
Shifts such as more working from home and greater caution about going out will cause economic ‘dislocation’ that could create mismatches in skills and permanently reduce output, says Bank
09/03/2020
Golden passports: the EU must act
The European Commission published a comprehensive report on ‘citizenship-by-investment’ (golden passports) and ‘residence-by-investment’ schemes operated by a number of EU Member States in January 2020.
09/03/2020
Government debt and inflation - speech by Ben Broadbent
History suggests that, regardless of the fiscal position, the most important guarantee of stable inflation is a stable regime for monetary policy
09/03/2020
Commerzbank to drop EY as auditor in 2022 after Wirecard scandal
It follows a similar move this week by German fund manager DWS.
09/03/2020
Is your Employee Benefit Trust fit for purpose, or is it time for a review?
An EBT is a trust established either in the UK or offshore, set up by a company to hold cash and other assets, such as shares.
09/03/2020
Finma opens enforcement case against Credit Suisse
The proceedings come after an auditor hired by Finma in December 2019 completed its investigation into Credit Suisse’s corporate governance practice.
09/03/2020
Maltese regulator shuts down MPM Capital Investments
The Malta Financial Services Authority (MFSA) has revoked the licence of MPM Capital Investments and issued its directors with 10-year bans following a series of breaches.
09/03/2020
EBRD refutes accusations against investment in United Group
All EBRD investments in United Group were made in compliance with the Bank’s policies, regulations and procedures.
09/03/2020
FIAU warning: lawyers can launder criminal monies through sham litigation
Watch out for fabricated civil claims on debts and start asking questions, FIAU tells lawyers
09/03/2020
FCA updates webpage on extension of SMCR implementation periods
This will give firms significantly affected by the coronavirus pandemic time to make the changes they need.
09/03/2020
Building a level playing field - how innovation shapes regulation
Through innovation and new technologies, the regulator can help shape and create inclusive institutions, and provide a foundation for firms to provide positive outcomes for consumers and markets in the UK.