05/05/2020
Malta's regulator publishes list of unlicensed digital currency firms
The island is known for its pioneering approach to fintech
Legal, Regulation & Compliance
05/05/2020
National Advisory Group Highlights Hidden Traps in Acceessing Pensions to Bridge Short-Term Income Gap
This rule was designed to prevent savers from taking advantage of Pension Freedoms introduced from 2015, by taking money out of their pensions and recycling it back in to claim a second slice of tax relief on the same money at a later date.
05/05/2020
Gold is well-positioned as a hedge against inflation risk from expansionary fiscal and monetary policies
This goes against gold’s embedded characteristics, but we think that the unique circumstances at the time of that selloff are likely in the rear view.
05/05/2020
Banks baffle investors as art meets science in accounting rule
Diverging economic forecasts make it harder for investors to understand the banks’ models
05/05/2020
Banking & Payments Predictions 2020: Compliance
Already in wealth, the likes of MiFID have driven some firms to exit the industry entirely, conferring an advantage on some startups, while disadvantaging others that don’t have a mature compliance function.
05/05/2020
France becomes latest country to ban companies registered in offshore tax havens
Of France’s €110 billion package, four billion has been reserved for struggling startups, while €20 billion is being kept for larger firms, such as Air France.
05/05/2020
Guernsey regulator fines wealth company directors £60000
Following consideration of the investment advice in the client files, the Commission noted that CWM was advising on and promoting Structured Notes
05/05/2020
The key role of compliance in business continuity
Compliance is central to our client’s success and working with service providers that can set up structures quickly, efficiently and within the limits of the local and global legislation and regulation is a key requirement.
05/04/2020
Central Bank of Ireland Highlights Key Investment Funds Issues for Current Market Uncertainty
The letter refers to the regulatory flexibility already provided in terms of reporting and that the Central Bank has clarified that it will apply the measures set out by ESMA in recent weeks.
05/04/2020
Law firm readies to bring 'hundreds of claims' to FSCS
The FSCS to date has received fewer than ten claims against Liberty Sipp, which fell into administration last week (April 27) after the provider lost its battle against mounting claims.
05/04/2020
FCMC enters into an administrative agreement with Joint Stock Company "Citadele banka"
The FCMC has imposed a fine of EUR 647 070 on the Bank for irregularities in the field of AML/CTF/CPF.
05/04/2020
Ultra-Rich Families With Cash on Hand Pile Into Private Debt
Yields on risky and private debt surged during the pandemic, and a March survey of investors gave the most pessimistic outlook on defaults since the 2008 financial crisis.
05/04/2020
UK watchdog investigates EY audit of NMC Health
NMC is the largest private healthcare provider in the UAE but came under scrutiny late last year when U.S.-based short-seller Muddy Waters criticised its financial statements.
05/01/2020
FCA takes SME insurance cases before court
The package of measures sets out the FCA’s expectations that insurance firms should consider whether their products still offer value to customers in the current situation and whether they can be doing more for those suffering a financial impact bec
05/01/2020
Ogier advises Wizz Air on financing facility
The Ogier team advised on the Jersey aspects of the application to be an eligible issuer under the Bank of England's corporate financing facility which has strengthened the businesses cash flow through the sale of short term debt in the form of comme
04/30/2020
Basel Committee issues progress report on banks' implementation of the "Principles for effective risk data aggregation and reporting"
Issued in January 2013, the Principles aim to strengthen banks' risk data aggregation and risk reporting with a view to improving their risk management, decision-making processes and resolvability.
04/30/2020
COVID-19: RFRWG statement on LIBOR transition
Taking this into consideration, the RFRWG sets out a number of recommendations regarding timescales for transition.
04/30/2020
FSCS declares dubious DFM in default
Our claims-handlers are empathetic and support is available throughout the process
04/30/2020
Equity Finance: Matching Liability to Power
The Covid-19 has illustrated the dangers of excessive debt ratios. Amongst the several causes of such debt accumulation
04/29/2020
COVID-19: Regulators' statements on changes to business interruption loan schemes
The PRA's statement considers the eligibility of the Government's guarantees under the Schemes for recognition as unfunded credit risk mitigation (CRM) under the Capital Requirements Regulation (CRR).