02/14/2020
London banker faces €14 million bill in German tax case
The tax case is the first over what has become a national financial scandal in Germany
Legal, Regulation & Compliance
02/14/2020
ESMA speech on ESG disclosures and greenwashing
Key pillars supporting the shift towards a more sustainable financial system are the measurement, verification and disclosure of ESG factors.
02/14/2020
Rouge – impair – manque: reflections on accounting standards
Credit impairments matter because they’re the number one reason for bank failure. Banks make loans to apparently sound borrowers, then circumstances change.
02/14/2020
FSCS campaign template sent to 9,000 advisers
This comes after earlier this week calls for reform to the FSCS risked falling on deaf ears amid a refusal by the economic secretary to the Treasury to accept responsibility for setting the lifeboat scheme's levy.
02/14/2020
EU watchdog tells rating agencies to crack down on 'greenwashing'
The European securities regulator will start to probe sustainable finance, looking for risks including greenwashing and climate risks, and may use stress tests in some market segments.
02/14/2020
FCA starts suitability crackdown with letters to advisers
The FCA asked the firms for data on all the retirement income advice recommendations made over the past two years.
02/14/2020
Court of Appeal upholds NCA’s use of unexplained wealth orders
The court dismissed an appeal brought by Zamira Hajiyeva, the wife of an Azerbaijani banker
02/13/2020
When Possession Really is Nine Tenths of the Law...
It is therefore important for people who deal with property to understand how adverse possession works - and if you own land, how to avoid losing it.
02/13/2020
ESG has Moved up the Pension Trustee Agenda –Are you Ready?
This is the first of a series of ESG-focused Insights to be published by our ESG Working Group.
02/13/2020
Advice firms leave Sanlam after £20k fee notice
He said eight of the 30 had decided to leave the network while the remaining 22 were looking at ways they can work with Sanlam to try and reduce their fees through aligning more with the network’s processes.
02/13/2020
One Million ePayments Accounts Frozen on FCA Orders, AML Concerns
Anti-money laundering concerns strike another business dealing with crypto
02/13/2020
Barclays boss Jes Staley's links to Jeffrey Epstein investigated
Bank board says it has full confidence in CEO as UK financial watchdog looks at ties to disgraced financier
02/13/2020
Harwood drops Frenkel Topping bid
Under City rules Harwood Capital, which is run by veteran investor Christopher Mills, is now barred from bidding for the advice firm for six months, unless special circumstances allow.
02/13/2020
Cyprus, Portugal among states rebuked by EU over delays in money-laundering reforms
EU governments and lawmakers agreed on the new rules three years ago and then formally adopted them in 2018
02/13/2020
MONEYVAL experts say Gibraltar must do more to combat money laundering and terrorism financing
Their report outlined numerous case studies of international cooperation with other countries in investigations ranging from terrorism to money laundering and organised crime.
02/13/2020
European Commission speech on ECB annual report
We will also establish an EU Green Bond Standard and explore how it can increase public and private finance for sustainable investments.
02/13/2020
Stepdaughter of a 'hedge fund genius' accused of running a Ponzi scheme flew to Sydney by private jet to get a top-notch boob job allegedly using investors' money, court told
Family allegedly used money from Goldsky hedge fund to fly on a private jet
02/13/2020
EU leaves euro zone growth forecast unchanged for this year and next
Inflation is likely to accelerate slightly, the Commission said, because of the likelihood of higher oil prices and the effect of higher wages passing through to core prices.
02/13/2020
FNZ all set to acquire IPSI for European business boost
Bringing together IPSI’s solutions and FNZ’s core technology and global client relationships will allow us to capitalise on the opportunities we see in the market.”
02/13/2020
Financial sector targeted in HMRC's crackdown on tax evaders
The investigations and cases under review cover UK businesses of all sizes and operating across 10 different sectors including financial services, oil, construction, labour provision and software development.