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Legal, Regulation & Compliance

08/10/2020

Euro area bank bailout policies after the global financial crisis sowed seeds of the next crisis

These results have potential implications for the ongoing COVID-19 pandemic as, if the economic situation further deterioriates, banking sector stability is likely to be adversely affected.

08/10/2020

Wolfsberg Group Issues Guidance on Source-of-Wealth, Source-of-Funds Checks

In line with regulatory expectations, FIs should adopt a risk based approach with respect to the amount of information collected, and corroboration required, for SoW/SoF purposes.

08/10/2020

EFAMA calls for urgent PRIIPS review and extension of the UCITS exemption

To avoid further confusion among investors and preserve the worldwide reputation of the UCITS framework

08/10/2020

Carey Olsen supports Tembo Capital on latest mining fund launch

These opportunities may include exploration ventures, near term production ventures, royalties, operating mines, infrastructure of metals and mining projects, and services associated with the metals and mining sector.

08/07/2020

Crypto broker plans IPO and banking licence

Bitcoin Suisse would first have a security token offering, where shares from the company’s own holdings would be brought onto the blockchain.

08/07/2020

Funds industry negotiates the first wave and stands ready to address the next set of challenges - Finance Dublin Yearbook 2020

Many funds, particularly those which are open-ended, were forced to manage liquidity during what was an exceptionally challenging market environment.

08/07/2020

Property fund investors face six-month notice periods

FCA proposals are designed to cure longstanding liquidity mismatch

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.

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