03/18/2020
Government’s remote working push is no excuse for funds to underperform
Technology set to aid fund managers during coronavirus isolation, although idea generation could suffer
Legal, Regulation & Compliance
03/18/2020
Chancellor to issue £330bn backed loans to help businesses amid coronavirus
Sunak said people who are in financial difficulty due to coronavirus, mortgage lenders will offer a three-month mortgage holiday.
03/18/2020
FCA notice: Temporary prohibition of short-selling; statement on notification changes
This measure is effective immediately on 17 March 2020 until the end of the trading day on 17 March 2020.
03/18/2020
COVID-19: FCA information for firms
Our rules give firms the ability to consider their arrangements and customers’ circumstances.
03/18/2020
Janus Henderson suspends property fund as Covid-19 takes toll
The firm’s UK Property fund becomes the second Coronavirus casualty.
03/18/2020
ESMA and CSSF guidance on the impact of COVID-19 on financial markets
Both ESMA and the CSSF have stressed the importance of maintaining an ongoing and active cooperation between national and European competent authorities.
03/18/2020
Second property fund suspended amid Covid-19
Janus Henderson said: “Given this uncertainty, the board...has decided to temporarily suspend dealings in the Janus Henderson UK Property fund and its associated feeder fund to protect the interests of all investors.
03/18/2020
PFS warns of Mifid 'workload pressure' under coronavirus
Markets have seen some of their biggest daily declines in 30 years as countries close borders and introduce lockdowns to curb the coronavirus crisis.
03/18/2020
Mourant named 'Best Offshore Law Firm' by Private Equity Wire
"We’re honoured to have been named the leading offshore law firm for private equity work, and we're proud that our fully-integrated global team’s consistent strength and capability has been recognized by industry peers.”
03/17/2020
EU shuns UK call for quick agreement on financial services
The fresh row highlights the City's fears its bankers could be blocked from conducting business in Europe after Brexit.
03/17/2020
Royal London updates critical illness cover
'A worthwhile upgrade'
03/17/2020
Feifa partners with UK wealth firm
To expand the number of investment strategies offered to its members
03/17/2020
COVID19 checklist for pension schemes
It also prioritises actions over different time periods, from actions required immediately to those recommended over the next three months and beyond.
03/17/2020
FCA to postpone 'non-critical' work amid Covid-19 crisis
The regulator said its dialogue with firms and trade associations would continue over the coming weeks, including assessing the steps being taken to support customers.
03/17/2020
European banks hit again after central bank moves
The price of Unicredit's perpetual bonds, callable from June 2023, fell to EUR80 ($89.30), from around EUR113 in mid-February, indicating investors see a significant risk its capital could be depleted enough to trigger the bonds' conversion to e
03/17/2020
Hedge fund Bridgewater places $15 billion in bets against Europe and UK
Hedge funds engage in the practice of ‘shorting’ by borrowing a stock from an institutional investor, such as a pension plan, and selling it back at a profit when the price drops.
03/17/2020
UK-Based Law Firm Rebuked by Regulator Over Money Laundering Training
The regulator also ordered the firm to pay about $1,650 to cover the costs of its investigation.
03/17/2020
Another Kind of Outbreak: COVID-19 as Financial Crime Threat
With global attention on the outbreak itself, criminals need only be successful with a fraction of their potential victims to take advantage of the unfortunate situation that has unfolded.
03/17/2020
The implications of coronavirus on the aviation finance industry
Concern is rising generally for airlines, do they have enough liquidity to survive until the flight restrictions and corporate travel bans are lifted
03/17/2020
Latest Magic Circle Firm Instructs London Office To Work Remotely
The firm says it will review the situation after two weeks and a small team will remain at the office to perform essential services.