04/02/2020
Luxembourg Pulls out the Stops to Battle Coronavirus
The association of CEOs has been mobilized, as well as six banks
Legal, Regulation & Compliance
04/02/2020
Solvency II: Income producing real estate loans and internal credit assessments for illiquid, unrated assets
The PS is relevant to UK insurance and reinsurance companies holding or intending to hold income producing real estate (IPRE) loans.
04/02/2020
Money Laundering, Lawyers, and Escrow: The Case for Voluntary Due Diligence
The real value in the Committee’s investigation flowed, not from the sanctioning of lawyers, but in the identification of unresolved issues.
04/02/2020
Consolidator puts pending acquisitions on hold
Mr Harper said the company was, however, pushing ahead with one deal which had exchanged and was near completion.
04/02/2020
FCA to force banks to offer payment freeze
Given these measures would span a wide variety of firms the FCA is conducting a brief consultation on our measures.
04/02/2020
UK Corporate Insolvency Reforms: Considerations for Lenders and Borrowers
The government has announced new restructuring tools to enable UK companies undergoing a rescue or restructure process to continue trading, giving them breathing space that could help them avoid insolvency.
04/02/2020
German bank partners with Amundi for new AM offering
New service is dedicated to private clients and will provide active and passive fund investments.
04/02/2020
What are pre-packs and how can they help struggling businesses in the UK?
The main advantage is that the period of administration is minimised and the company therefore avoids ‘lame duck’ syndrome
04/01/2020
Collas Crill Advises On £70M Bath Street Redevelopment Project
The Collas Crill team advised on all aspects of the project including advice on the development structure, lease agreement, funding, planning and construction.
04/01/2020
High street benefits from £22 billion grants and business rates package
Today high streets begin to receive £22 billion coronavirus boost, with grants of up to £25,000 already being paid into bank accounts of high street businesses
04/01/2020
Coronavirus: Big banks stop shareholder dividends until the end of 2020
The Bank of England also expects them not to pay cash bonuses to senior members of staff.
04/01/2020
Will the end of (L)IBOR be delayed?
In 2018 alone, LIBOR-based transaction underpinned nearly USD200-trillion in outstanding volumes of USD LIBOR contracts.
04/01/2020
Standard Chartered Fined for Violating Russia Sanctions
The bank identified and reported the alleged sanctions violations to authorities and took remedial steps following the breach, Standard Chartered said in a statement Tuesday.
04/01/2020
Regulation: For AML, fintech is both problem and answer
The UK’s Financial Conduct Authority is particularly enthusiastic about using technology to fight money laundering.
04/01/2020
Luxembourg regulator suspends Rothschild ex-CEO for ten years
The bank said in its 2017 annual report that it had paid the fine after the CSSF had notified it of a possible fraud involving former Malaysia Prime Minister Najib Razak’s 1MDB investment fund.
04/01/2020
UniCredit says top managers to forego entire 2020 bonus pay
Both UniCredit and Intesa this week put on hold dividend payments to comply with regulatory calls to preserve capital.
04/01/2020
Fighting Fraud and Corruption Locally
This strategy is an important step in helping councils share and co-ordinate their response to fraud, as only by working together and continuing to innovate can we begin to take positive action against the fraud and corruption that is so corrosive to soci
04/01/2020
Intertrust in Sweden announces collaboration with Altor Fund Manager
Altor has leading international institutional investors that have committed a total of EUR 8.3 billion to all Altor Funds.
04/01/2020
Launch of Strategic Capacity Scheme
The Isle of Man Government will be offering a tiered range of financial support, based on average revenue per room and occupancy rates
04/01/2020
Treasury Minister Provides Update on Measures Being Taken to Protect Manx Economy
Minister Cannan said: ‘Since I spoke a week ago today, events have happened at a rapid speed and we have, to all intents and purposes, closed down large parts of our domestic economy.