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Legal, Regulation & Compliance

09/21/2020

Tens of thousands of British expats in Europe 'will be stripped of their UK bank accounts and credit cards in weeks' after government failed to negotiate post Brexit rules

Lloyds Bank confirmed to The Sunday Times that it will be withdrawing services from Holland, Slovakia, Germany, Ireland, Italy and Portugal - in a move that will affect 13,000 British customers.

09/21/2020

EU seeks new powers to penalise tech giants

Thierry Breton says concerns exist Silicon Valley companies have become ‘too big to care’

09/21/2020

Leaked U.S. government files suggest Deutsche Bank tops list of suspicious transactions

The German bank said in a statement that incidents in the leaked documents “have already been investigated and led to regulatory resolutions.”

09/21/2020

From LIBOR to SONIA: a bridge to the future by Andrew Hauser

We’re here today to talk about what it will take to get your business ready to transition away from LIBOR.

09/21/2020

Fund managers alarmed over EU push to lure London job

Regulatory proposals viewed as fresh attempt to capture more of UK’s £9tn asset management sectors

09/20/2020

Landlords slash rents by up to 20% as tenants quit city centres in pandemic

‘Race to suburbia’ and a lack of foreign students see rental demand plummet in wake of Covid-19

09/20/2020

Natwest mulls Ulster Bank closure despite promise of growth

Natwest is considering exiting the business in the republic but not the north.

09/20/2020

Will the chance to retire in Dubai appeal to British expats?

Arabian Business asks the experts whether the emirate's new retirement visa will be an attractive option for UK citizens

09/20/2020

Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto Regulations

to curb money laundering in the past, particularly in its DLT rules, describes the update as a “natural evolution of the defined regulatory principles.”

09/20/2020

European Central Bank Extends Partnership with SkySparc

The ECB renewal also allows other Eurosystem central banks to contract SkySparc’s services under the same framework agreement, rather than conducting individual tenders.

09/18/2020

CaixaBank and Bankia Boards of Directors approve merger plan to create Spain’s leading bank

The Boards of Directors of both banks have approved the exchange ratio of 0.6845 new CaixaBank ordinary shares for every Bankia share.

09/18/2020

BoE to ‘explore’ negative interest rates

It is not the first time the central bank has signalled it would be open to using negative rates.

09/18/2020

Is the FCA set for an advice suitability crackdown?

Thematic review into the implementation of regulations could be on the cards

09/18/2020

Landmark Carey Pensions case to be appealed

Long-running legal dispute could have ‘real prospect of success’

09/18/2020

UK financial advice firm fails

Lifeboat scheme is now accepting claims against the company

09/18/2020

Defaqto unveils drawdown guide for advisers

‘Perfect storm’ created by pandemic shows need for planners to sharpen focus on risk

09/18/2020

Bank of England looks harder at negative rates in case troubles deepen

Sterling fell sharply after the announcement, weakening by around 0.6% on the day against the U.S. dollar GBP= to below $1.29.

09/18/2020

Deloitte fined £15m for audit failures ahead of Autonomy sale

A tribunal finds that the company's work on the software firm's accounts fell "significantly" short of expected standards.

09/18/2020

£500m after rental receipts decline

Coronavirus forces Crown Estate revaluation as retailers and tenants struggle to make payments

09/18/2020

Leaked EU draft proposes all-encompassing laws for crypto assets

The unknown is whether that may stifle this nascent and fast-moving space.

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