08/18/2020
Van Lanschot Kempen to acquire €2bn banking group
This transaction will help us grow our client assets by €1.9 billion.
Legal, Regulation & Compliance
08/18/2020
DAC6 – Extension of Cyprus Reporting Deadlines
The first periodical reporting by the Cypriot Tax Authorities to other interested countries will take place on 30 April 2021.
08/18/2020
DLA Piper enters disputes funding market with Litigation Capital Management deal
The deal expands LCM’s capabilities in working with law firms of significant scale and global reach.
08/18/2020
Ogier advises APG Asset Management on purchase of stake in premium shopping outlet operator
The sale of VIA is subject to Hammerson shareholder approval and it is anticipated that the sale will complete in the fourth quarter of 2020.
08/18/2020
HMRC ‘plea bargain’ tax evader deals collect extra £120m
Plea bargain deals give taxpayers immunity from criminal investigations as HMRC steps up investigations to help pay for coronavirus economic assistance
08/18/2020
Monument Re to acquire Belgian life insurance and mortgage portfolios from Allianz
All related assets and liabilities of the respective portfolio will be transferred to MAB, with protection of the policyholder rights, subject to regulatory approvals.
08/17/2020
UK banks overtake European and US counterparts for number of women on their boards
Great strides in female representation at board level have been made by actively embedding diversity and inclusion into hiring practices
08/17/2020
AJ Bell names third party MPS partners
The third-party MPS will sit alongside the existing AJ Bell MPS option and the AJ Bell multi-asset funds.
08/17/2020
EBRD and CaixaBank boost SME financing in Morocco
In Morocco, the EBRD was one of the first financial institutions to develop financial and advisory instruments to mitigate the impact of the COVID-19 pandemic on the economy.
08/17/2020
AML, KYC and Sanctions Fines for Global Financial Institutions Reach $5.6 Billion Mid-Year
Repercussions from high profile scandals and compliance failings hit US, Israeli, Nordic and German banks hardest
08/17/2020
‘Interest rates have become less important,’ what SGKB’s CIO wants from the SNB
Thomas Stucki said that extraordinary measures in response to the coronavirus crisis were correct, but that the current situation could not be permanent.
08/17/2020
World's biggest wealth fund's embarrassing recruitment debacle
The government has now acknowledged the time might be ripe to consider some changes to the whole process.
08/16/2020
Crispin Odey readies emergency plan as assault trial looms
It would involve shutting the flagship European fund he manages and returning the money to investors.
08/16/2020
Cum-ex scandal: Six German bankers charged with €160 million fraud
Proceedings against another employee of the bank were dropped for health reasons, the prosecutor confirms.
08/16/2020
Private equity is back — so are its critics
Animal spirits are stirring among the controversial breed
08/16/2020
FCA: Conduct Rules reporting for solo-regulated firms under REP008
The PRA has published a new webpage on the fourth meeting of the PRA and FCA's joint Climate Financial Risk Forum (CFRF) in July 2020, where the CFRF discussed its strategy for its second year of work.
08/14/2020
EU Anti-Tax Avoidance Directive 1 in Luxembourg - Where are we now
Exceeding borrowing costs” correspond to the amount by which the deductible “borrowing costs” of a taxpayer exceed the amount of taxable “interest revenues and other economically equivalent taxable revenues”.
08/14/2020
Global Anti-Money-Laundering Fine Amounts Released
For years the U.S. has led the way in imposing major anti-money laundering (AML) fines, but regulators in Europe have recently started taking a much tougher line.
08/14/2020
New name, new visual identity – A new bank?
CEO Christian Bjørløw tells about how the new name and visual identity were created and how Trusted Novus Bank has handled the transition so far.
08/14/2020
EBA Consultation paper on guidelines on criteria for use of data inputs in ES risk measure under IMA
Feedback is requested by 12 November 2020.