08/07/2020
Property fund investors face six-month notice periods
FCA proposals are designed to cure longstanding liquidity mismatch
Legal, Regulation & Compliance
08/07/2020
Former PrivatBank owners used vast array of companies to steal, launder billions: DOJ
In a civil forfeiture complaint seeking to seize commercial properties in Kentucky and Texas
08/07/2020
BNP Halts New Commodity Trade Finance Deals as It Reviews Unit
Bank is reviewing its involvement in the business in EMEA
08/06/2020
Second law firm eyes legal action against Link amid Woodford
Slater and Gordon says it now believes ‘there’s a case for Hargreaves to answer’
08/06/2020
Merger of wealth tech giants blocked
UK regulator concerned about decreasing competition in the market
08/06/2020
Metro Bank sinks to £241m loss and tells staff to keep working from home
The high street challenger bank is bracing for a slump in house prices and a rise in unemployment
08/06/2020
Bank Rate maintained at 0.1% - August 2020
Monetary Policy Summary and minutes of the Monetary Policy Committee meeting
08/06/2020
Sustainability reporting guidance 2020 to 2021
Guidance for government bodies on sustainability reporting.
08/06/2020
STM eyes acquisitions as Gibraltar regulatory situation is resolved
STM has a strong balance sheet and a market leading position to act as a consolidator in the sector.
08/06/2020
Collapsed mini-bond provider assured investors of FSCS protection
Virtually all Basset and Gold bonds were invested in a short term lender Uncle Buck.
08/05/2020
FSCS extends protection of large deposits
The extension will only apply to deposit-takers which fail after August 6, when the extra protection comes into force.
08/05/2020
FCA publishes BI insurance case draft transcript and supplementary notes
The rule change and the updated SOP will come into effect on 6 August 2020.
08/05/2020
Fieldfisher tops Acuris AIM deal league table for H1 2020
Fieldfisher was also ranked third by overall ECM deal activity in H1, encompassing transactions on both AIM and the Main Market of the London Stock Exchange.
08/05/2020
Swiss media report fingers Martinellis in bribery expose
The judge in Bellinzona, however, ruled that it was up to the judge in Spain to decide whether the documents show a relevant criminal connection.
08/05/2020
Is private client law moving into the 21st century…
The rules relating to how a Will must be signed and witnessed are enshrined in legislation dating back almost 200 years old, (Wills Act 1837), and these rules are sacrosanct for any private client practitioner.
08/05/2020
UK competition regulator blocks merger of FNZ and GBST
The Competition and Markets Authority has provisionally found that FNZ’s purchase of GBST could result in a substantial lessening of competition.
08/05/2020
FSCS hands out another £8.4m to failed mini-bond investors
The FSCS payout seems to me to be an attempt, once again, to buy popularity and silence criticism by paying hush money to those who shout the loudest.
08/05/2020
Ireland Update: Significant Compensation Awarded to Employee with a Disability for Failure to Make Reasonable Accommodation
Employers are prohibited from discriminating against employees on nine protected grounds: age, civil status, disability, family status, gender, race, religion, sexual orientation and membership of the travelling community.
08/04/2020
FCA consultation on new rules to improve open-ended property fund structures
We are consulting on measures to address the potential harm caused by a mismatch in liquidity in certain UK authorised funds that invest directly in property, for example offices, shops and warehouses.
08/04/2020
EBA final draft ITS on disclosure and reporting on MREL and TLAC
This is the first time that the EBA has developed disclosure and reporting requirements in this area, thus expanding the scope of the existing Pillar 3 and supervisory reporting frameworks in the EU.