09/15/2020
Russia's Sberbank to target Middle East investors with UAE subsidiary
The state-owned bank said Sberinvest Middle East would engage in trade finance of Russian exports to the Middle East
Legal, Regulation & Compliance
09/15/2020
Caixabank weighs offer valuing Bankia at around 4 billion euros: source
Banks across Europe are struggling to cope with record low interest rates and the economic downturn sparked by the COVID-19 pandemic, leading analysts to predict more tie-ups to cut costs.
09/15/2020
Smith & Williamson Selects Broadridge's Industry Leading Shareholder Rights Directive II Compliance Solution
SRD II proxy solution will help Smith & Williamson to meet new EU regulatory requirements commencing September 2020
09/15/2020
FCA and BoE respond to Treasury Committee Chair on extending complaints scheme consultation
The FCA and BoE have now announced that they are content to extend the period for responses, and the new closing date will be 12 October 2020.
09/15/2020
Balancing act
Governments, people and businesses have to make hard choices, argues chief investment officer Julian Chillingworth, and the conundrum isn’t going away soon.
09/15/2020
A&O advises on sale of stake in The Saudi British Bank in rare accelerated bookbuild
They were supported by associates Aria Howorth Oram in London and Ruqaiya Ali in Dubai.
09/15/2020
CII urges action to avoid legal cases
The professional body also proposed an improvement to advice processes, as well as non-advised buying processes, to help clients understand insurable and non-insurable risks.
09/15/2020
Advisers raise concerns as FCA sends another Covid survey
Advisers were sent the first Covid-19 survey in June, which asked them for information on the impact of the coronavirus pandemic on their businesses.
09/15/2020
Finma approves registration body
Geneva-based Arif will manage a register of advisers and check that they have the required education and training.
09/15/2020
Carey Olsen pair among UK's Top 35 Under 35
Carey Olsen's Nichola Aldridge and Oliver Lindop have been named among the Top 35 Under 35 private client practitioners in the UK by eprivateclient.
09/15/2020
FCA proposes big shake-up of HNW exemption from retail rules
The watchdog said that exemptions of high-net-wealth and sophisticated investors in the financial promotion regime are being abused by unregulated firms.
09/15/2020
PIMFA welcomes FCA call for evidence on how to improve the consumer investment market
PIMFA welcomes many of the proposals outlined in this call for evidence
09/15/2020
Luxembourg financial watchdog sharpens its teeth
Regulator Marco Zwick on efforts to strengthen supervision after years of criticism
09/14/2020
Update on Investigation into LCF – June 2020
Exchange of letters relating to the Independent Investigation into London Capital and Finance plc (LCF).
09/14/2020
Lagarde urges govts to support central bank efforts with fiscal spending
ECB ‘stands ready to adjust all of its instruments’ to steer the 19-nation currency club through the crisis
09/14/2020
European Central Banks Demand Strict Cryptocurrency Regulations
Stablecoins, a type of cryptocurrency backed by traditional assets, have become a front burner topic since last year by the emergence of cryptocurrencies and as Facebook introduced its Libra coin.
09/14/2020
The Storm before the Calm or the Calm before the Storm?
Analysis of market positioning suggests that traders do not have significant sterling shorts yet.
09/14/2020
Cyprus-Russia tax deal good for business
The agreement was signed after a high-level intervention from Russian Foreign Minister Sergei Lavrov’s during his visit to Nicosia.
09/14/2020
FCA Dropped Half of Its Criminal Money Laundering Cases in 2020: FT
The authority is now pursuing only one single-track criminal investigation into money laundering and six dual-track cases, which could end with only civil outcomes
09/14/2020
Malta's MPM Capital handed record fine of €1.18m
The Financial Intelligence Analysis Unit (FIAU) in Malta has fined the now-closed MPM Capital financial services firm a record €1.18m for operating as an unlicenced payment services provider.