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Legal, Regulation & Compliance

11/13/2024

The EBA consults on Guidelines on proportionate retail diversification methods

The Consultation paper follows the recommendations from the EBA Advisory Committee on Proportionality for 2024 in the credit risk area The consultation runs until 12 February 2025.

11/12/2024

WTW wins DB advisory mandates from schemes looking at run-on options

This covers DB schemes in the insurance, energy and technology sectors, including the IBM UK Pension Plan.

11/12/2024

ALEX BRUMMER: UK retirement funds are an asset management blob

Unlike one of her illustrious predecessors Gordon Brown, the first female Chancellor will be spared wrestling with the dilemma of having to wear an elitist white tie.

11/12/2024

Enforcement regulatory disclosure review: outcome

This relates to disclosure of evidence as part of any regulatory case.

11/12/2024

Metro Bank fined nearly £17m for failure to monitor potential money laundering

Problems were raised by junior staff three years before they were completely resolved, says FCA

11/11/2024

BNP Paribas signs a new agreement with UNI Global Union and strengthens its shared social framework for all employees worldwide

Technological transformations and new ways of working

11/11/2024

​EBA observes an improvement in competent authorities’ practices on the supervision of non-performing loans

​The follow-up Peer Review focuses on the assessment of a sub-set of EU competent authorities chosen based on the outcomes of the initial peer review in 2022.

11/11/2024

Director fined £1.1m and banned for misusing funds due to insurers

Mr Mackey used funds due to insurers to support Inspire’s operating costs and to pay for personal living expenses instead of paying insurers.

11/08/2024

Welcome address at the tenth anniversary of the Single Supervisory Mechanism

The SSM became operational ten years ago, almost to the day, on 4 November 2014.

11/08/2024

FCA secures convictions against two individuals for £1.5m fraud

The group cold-called consumers, directing them to a professional-looking website where they were offered high returns for fake investments in crypto.

11/08/2024

Pair convicted over £1.5m crypto investment fraud

Mavanga also pleaded guilty to possession of false identification documents and perverting the course of justice.

11/08/2024

Charting New Territory: How England’s Digital Assets Framework Can Guide Cayman Islands Law

The Supplemental Report and Bill serve as a valuable point of reference for the Cayman Islands, guiding our approach to digital property rights within an evolving financial landscape.

11/07/2024

Bank Rate reduced to 4.75% - November 2024

The Bank of England’s Monetary Policy Committee is responsible for making decisions about Bank Rate.

11/06/2024

Three individuals and two firms charged over alleged unauthorised business activities

Anthony and Laura Hay served as directors of the companies and Tim Stewart was the compliance manager at both companies.

11/06/2024

Swiss Re Agrees to Sell iptiQ’s European P&C Business to Allianz Direct

The transaction is in line with Allianz Direct’s goal to expand its B2B2C operations

11/06/2024

Former Ireland rugby player Brendan Mullin found guilty of stealing hundreds of thousands from Bank of Ireland Private Bank

The jury returned guilty verdicts in 12 of the 14 charges before the court today after hours of deliberating.

11/06/2024

Court confirms CS cartel fine

The fine was waived because of its cooperation.

11/06/2024

CS espionage legacy keeps UBS lawyers busy

This sentence alone makes it clear what a confusing legal legacy the UBS lawyers have to deal with.

11/05/2024

FCA welcomes Project Guardian’s first industry report on tokenisation

In the report, firms set out an ambitious, phased vision for the use of distributed ledger technology (DLT) in asset management.

11/05/2024

FINMA warns of new wave of phishing emails

The senders of the emails claim to be FINMA employees. FINMA does not send such emails and does not contact private individuals as a matter of principle.

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