03/12/2020
Carney orders banks: don’t waste our emergency cash on bonuses
Joshua Roberts at risk manager Chatham Financial said: “In many ways more significant is the decision to cut the countercyclical capital buffer rate to 0%."
Legal, Regulation & Compliance
03/12/2020
Swedbank says $4.8 million of payments may have violated U.S. sanctions
Still, Swedbank shares rose close to 4%, as analysts said the $4.8 million total of suspect transactions was a fairly small sum.
03/12/2020
DAC6: what’s next for Luxembourg?
The EU had set a requirement for all Member States to have passed appropriate legislation to enforce DAC6 on or before 31 December 2019.
03/12/2020
UK regulator to push companies on climate-risk reporting
Investors urge companies to manage climate-change risk ahead of 2020 AGM season
03/12/2020
Exporting regulatory competence: the double dividend for IFCs by Mourant
Financial crises tend to be the stimulus for regulatory change, and since the crash of 2009, the pace of change in international regulation has been impressive.
03/12/2020
Gibraltar risk and compliance professionals join with CISI to raise professional standards in global financial markets
The CISI is the global membership professional body encompassing financial services sectors including wealth management, financial planning and capital markets.
03/12/2020
Carey Olsen named best law firm for fund structuring at PE Wire European Awards
Carey Olsen has won the Best Law Firm – Fund Structuring category at the 2020 PE Wire European Awards.
03/12/2020
Coronavirus: Vietnam restricts entry for UK travellers
Those with travel plans should check the latest official advice with their government.
03/12/2020
HMRC warns against coronavirus email scam
Other scam calls may offer a tax refund and request you to provide your bank or credit card information.
03/11/2020
Investment firm director banned for 11 years after £4m gift
Business received at least £3.3m worth of loans and funds from retail investors
03/11/2020
Proposed Regulations To Impose Filing Fees on CFIUS Filings
Payment must be made at the time of filing.
03/11/2020
Santander bank encourages remote work due to Coronavirus
Santander's latest announcement follows other measures taken in recent weeks across the Group in all its markets, including the restriction of non-essential employee travel and meetings involving a large number of people.
03/11/2020
Lenders to allow clients to defer mortgage payments
Other measures from RBS include allowing customers to close fixed savings accounts to access cash with no early closure charge and refunds on credit card cash advance fees.
03/11/2020
Weekly Tax Brief
Fiscal measures alone are insufficient to tackle the economic consequences of coronavirus.
03/11/2020
FCA research report on mortgage switching
The BoE Working Group on Sterling Risk-Free Reference Rates (RFRWG) has issued a statement welcoming the BoE's discussion paper
03/11/2020
CBI Thematic Review Of Cyber Security - Key Findings
The Central Bank of Ireland recently completed a thematic inspection on cybersecurity risk in the asset management sector and has now issued an industry letter outlining the key findings identified.
03/11/2020
Coronavirus: Bank of England makes emergency interest rate cut
The MPC votes unanimously to slash the rate by 50 basis points from 0.75% to 0.25%
03/11/2020
Bank of England throws everything but the kitchen sink at Coronavirus
In a key paragraph towards the end of the release the Bank confirmed that it’s working in concert with HM Treasury.
03/11/2020
Ireland – the Emerald answer for Dutch CLOs?
Whilst no new law has been passed, the rulings in place for these transactions have been changed (unilaterally) by the Dutch tax authorities, a move that has shaken the sector.
03/11/2020
Has complacency been replaced by volatility?
Investment Managers tend not to moonlight as epidemiologists and therefore look to history as a guide to the likely impact.