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.
Legal, Regulation & Compliance
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).
04/29/2020
Banking Litigation Update
The past six months have been a busy period for securities class actions.
04/29/2020
UK regulator ends probe of ex-Barclays banker Roger Jenkins -lawyer
The FCA has discontinued their warning notice,” he said.
04/29/2020
Warning against drastic changes to pension savings during uncertain environment
Scammers are also taking advantage of the unprecedented environment to try and tempt savers away from their retirement funds.
04/29/2020
IFA numbers fall for first time since RDR
Commentators have suggested the figures indicate the growing pressures facing advice businesses.
04/28/2020
ESMA and European legislators clash over PRIIPs reforms - reports
In a letter to ESMA, the EC expressed "serious concerns" as to the legality of the regulator's proposals.
04/28/2020
Stranded expats grapple with tax implications of covid-19 lockdown
A spokesman for HMRC, Britain's tax office, told i-Expats: "Events resulting from the impact of the virus are changing rapidly and this guidance may change at short notice as situations change."
04/28/2020
Metro bank to refund customers £10.5m plus interest
It is designed to give customers time to act and can avoid unexpected fees. Unarranged overdrafts or unauthorised overdrafts are not pre-agreed.
04/28/2020
Coronavirus challenges could prompt delays to money-laundering investigations
Investigations and enforcement actions are likely to be "drawn out" in the lockdown period, and banks will face "a much slower process" in dealing with their regulators.
04/28/2020
FCA commences civil proceedings in relation to alleged unauthorised investment advisers
The FCA has secured an interim injunction stopping these activities from continuing and freezing the defendants’ assets up to £624,311 pending further hearing.
04/28/2020
EFAMA calls for urgent completion of regulation review to protect retail investors
To achieve this, a PRIIP KID that provides retail investors with the right information becomes ever more crucial in helping them to make the most informed investment decisions.
04/28/2020
FCA bans insider trader 7 years after conviction
In 2013 the court also ordered Mr Milsom to pay £245,657.58, the amount he personally gained from the £400,000 profit made by the insider trading.
04/27/2020
European Commission approves Malta's €215 million wage subsidy scheme
The Commission concluded that the Maltese measure was "necessary, appropriate and proportionate to remedy a serious disturbance in the economy of a Member State."