07/13/2020
The Discussion Paper referred to operational resilience as the ability of firms and the financial sector to prevent, adapt, respond to, recover, and learn from operational disruptions, and the Consultation Papers have kept that definition.
07/10/2020
It blames evaders, but businesses and individuals responsible for most of the missing cash
07/10/2020
The regulations for funds follow the introduction of a Central Register of Beneficial Ownership (CRBO) for companies last year, with this register overseen by the Companies Registration Office.
07/10/2020
Committee members reaffirmed their expectation of full, timely and consistent implementation of all elements of these reforms and the Committee will continue to closely monitor their implementation.
07/10/2020
The report includes insights on remaining challenges to transition based on surveys undertaken by the FSB, the BCBS and the International Association of Insurance Supervisors (IAIS).
07/10/2020
The FCA hopes to conduct a full consultation later in 2020/21 on changes to its approach document, which is likely to propose incorporating this additional guidance.
07/10/2020
Over the past year, total net asset values have increased by £16.4 billion (7.6%).
07/10/2020
Conversely, creating an even stronger fortress Switzerland would also send a message about strategic and geopolitical priorities.
07/10/2020
That is, at least until enabling legislation is passed to rectify the position. We also analyse the latest guidance on recoverability of overseas lawyers' costs, including a determination that the fees of in-house counsel can be recovered.
07/10/2020
Today’s announcement of “serious audit failings” by Deloitte in its work for Autonomy caps a dramatic week for accountancy firms and those calling for radical change in UK auditor oversight.
07/10/2020
"Above all else, keeping to the original deadline will give you some small peace of mind that your responsibilities in this area have been met.
07/09/2020
But a group of disgruntled investors felt justice had not been served and the court in The Hague had said it would take their demands into consideration.
07/09/2020
According to the FATF’s report, 32 jurisdictions that it surveyed have imposed anti-money laundering and countering the financing of terrorism regulation on the virtual asset sector.
07/09/2020
We will keep this guidance under review and, where appropriate, consult to update this to ensure it remains consistent with relevant international standards.
07/09/2020
The CMA has taken action against Cardif Pinnacle, and written to Nationwide and Lloyds, after they failed to provide accurate annual PPI reminders.
07/09/2020
The IFSB will continue to assess the implications of the pandemic on Islamic banking, Islamic capital markets and Takaful, and will issue further public statements where necessary.
07/09/2020
Insurance manufacturers are asked to identify products whose main features, risk coverage or guarantees have been materially affected by the COVID-19 pandemic.
07/08/2020
First Enforcement Action by a Regulator Against a Financial Institution for Dealings with Jeffrey Epstein
07/08/2020
The report finds that, overall, both the public and private sectors have made progress in implementing the revised FATF Standards
07/08/2020
The 2020 Regulations also amend the definition of “beneficial owner” in relation to Unit Trusts including to clarify that there will be a “greater than 25 per cent” threshold when determining whether a unitholder is deemed to be a