11/30/2020
Corporate Crime Update
Human rights compliance in Germany: Current steps towards a mandatory Human Rights Due Diligence Law
Legal, Regulation & Compliance
11/29/2020
France's foreign investment regime
On 19 March 2019, an EU Regulation establishing a European screening mechanism for foreign direct investments was adopted (Regulation (EU) 2019/452) which will be fully applicable in France from 11 October 2020.
11/29/2020
What Has Central Bank Independence Ever Done for Us? Speech given by Andy Haldane
They operated, by and large, as an operational agent of government.
11/29/2020
Covid-19: FCA Handbook Notice No 82
The FCA has published the presentation slides from three forums which it convened to discuss the remedies under consideration in response to the findings of its General Insurance (GI) Pricing Practices Market Study (MS18/1).
11/27/2020
Basel Committee amends capital requirements for non-performing loan securitisations
The Committee consulted publicly on the technical amendment in June 2020.
11/27/2020
Burges Salmon head of Private Wealth named Lawyer of the Year
The firm’s head of Private Wealth, Beatrice Puoti, has won Gold in the Lawyer of the Year category at Citywealth’s Magic Circle Awards 2020
11/27/2020
EU watchdog slams Commission for appointing BlackRock as ESG finance advisor
The €280,000 contract, awarded to BlackRock's Financial Markets Advisory (FMA) arm, was for a study advising how the EU should integrate environmental, social, and governance (ESG) factors into European banking rules.
11/27/2020
French regulator AMF criticizes internal control outsourcing processes among asset managers
Trading platform providers, technology vendors, market integration companies and liquidity providers are under the microscope as French regulatory authority AMF looks at outsourcing in capital markets
11/27/2020
Royal Bank of Scotland warning of Black Friday scams
Some of the most recent scams being reported by Royal Bank customers are for purchases through Facebook Marketplace.
11/27/2020
ECB warns the future of money is at stake as Facebook preps January crypto launch
The news has alarmed central banks, which are currently at a minimum of two years out from creating their own digital alternatives.
11/26/2020
ECB review sees increased medium-term vulnerabilities for corporates and banks
Current extensive policy support is helping euro area corporates and households to cope with the fallout of the pandemic, but risks can arise either from a premature end to measures or from prolonged support.
11/26/2020
Walkers Advises on Restructuring of Fashion Retailer
The Walkers Jersey team comprised Group Partner Jon Le Rossignol, Senior Counsel Louise Hamilton and Legal Assistant Matt Tout.
11/26/2020
Benefit scams worth £1bn foiled during lockdown
Fraudsters took advantage of looser rules introduced to cope with a surge of universal credit claims during the pandemic.
11/25/2020
Ogier advises Cain International on Paris office development acquisition
Ogier supported Cain International with the acquisition.
11/25/2020
‘MaltaFiles’ firm Credence fined €261,000 over money laundering shortcomings
FIAU fines Credence €261,000 over shortcomings in due diligence of PEPs and lack of scrutiny of high-value transactions
11/25/2020
Mcdermott Elevates 42 to Partner and Counsel AMID Strong, Steady Growth
This group of bright, rising leaders not only builds on our tradition of excellence and being trusted advisors, but they are also setting new standards that will no doubt help us shape our bright future.
11/25/2020
Ex-LPL advisor headed to prison for 42 months after Ponzi scheme
Booth's attorney, Frank Bevilacqua with the law firm DePanfilis & Vallerie, says his client accepts the sentence, which, he noted, could have been far harsher.
11/25/2020
FCA's Butler leaves supervision role in management shuffle
The shakeup was first hinted at in the FCA's business plan published in April
11/25/2020
Platform launches with 0.1% fee
The Digi product is paperless, can be completely branded and offers a client portal within which firms can share valuations, messages and documents with their clients.
11/24/2020
Weekly Tax Brief
Taxspotters’ finely tuned antennae will be looking for signals regarding tax reliefs.