02/27/2020
Guernsey reports surge in new captive numbers
Guernsey is responsible for more than a third of the European captives market.
Legal, Regulation & Compliance
02/27/2020
How equity markets are increasingly adapting to lower growth prospects
The economic hit caused by the draconian response in China and elsewhere to the threatening spread of coronavirus is just the latest example.
02/27/2020
Romanian banks probed for money laundering, central bank official says
This bank’s actions are now the subject of a file sent to the Prosecutor's Office for investigation.
02/27/2020
Lords back ESG amendments to pensions bill
According to the amendment, pension scheme trustees will have to review the impact of climate change on their investment strategy, manage their exposure to these risks and determine targets for their exposure.
02/26/2020
Corporate Crime update - Herbert Smith Freehills
Our update now covers a number of jurisdictions.
02/26/2020
FRC undertakes climate review
The regulator is considering whether further guidance on reporting requirements may be needed
02/26/2020
Finance Denmark pushes for CO2 model by 2021
This requires an ability for its members to assess CO2 emissions linked to loans and investments, in order to set targets for reducing emissions.
02/26/2020
The struggle to survive: Asset management M&A set to pick up
Perfect storm of cost saving and regulatory burden behind deals
02/26/2020
BoE: LIBOR transition
The Solvency II review should be completed by the end of 2020.
02/25/2020
EU Exit: Draft SI on OTC derivatives, CCPs and TRs
This instrument transfers responsibility for tiering to the Bank of England, who will be able to tier third country CCPs according to their systemic importance to the UK.
02/25/2020
A man must be able to consult his lawyer in confidence
It is a fundamental condition on which the administration of justice as a whole rests. If a communication attracts legal advice privilege, that privilege is absolute unless waived by the client.
02/25/2020
Irish law firm asked for beneficial ownership deadline to be extended
Previously companies had to keep an internal register of those companies they had a beneficial ownership interest in.
02/25/2020
Beyond Deutsche: U.S. Banks Also Implicated in Dubious Partnerships Abroad
Investigators say big banks in the United States and elsewhere too often fail to do due diligence on investors.
02/25/2020
Former Swedbank CEO to be questioned by police - Swedish media
Svenska Dagbladet also said, citing sources, that Bonnesen would be given formal notice that she is suspected of having committed a crime at the hearing.
02/25/2020
Triton Insurance Brokers loses FCA permission
If you find that you do not have a valid insurance policy, you should consider obtaining an alternative insurance policy if you are able to do so.
02/25/2020
American demands of European banks now cause them to suffer
When a European bank is faced with a suspicion of money laundering from American authorities, then it at once finds itself excommunicated from the global financial network, and no other institutions will risk dealing with the possible perpetrator.
02/25/2020
Tax data sharing sparks arrests among Israelis with unreported foreign bank accounts
The arrest warrant indicates that Gecht did not report the accounts and the profits accumulated in them.
02/25/2020
FCA admits data breach
The FCA said: "As soon as we became aware of this, we removed the relevant data from our website.
02/25/2020
Global Biglaw Firm To Launch Worldwide Cannabis Law Practice
DLA Piper has also been advising on the changing regulatory environment across the globe, helping clients understand different legislative regimes by providing a regulatory snapshot of the changing landscape.
02/25/2020
How CCO Reasonable Prevention Procedures Can Help You Mitigate DAC6 Penalties
DAC6 non-compliance by itself will not necessarily increase the likelihood of a CCO investigation.