01/17/2020
Lords consider shake up of IHT rules
Assets and protection policies held in trusts are removed from an individual's estate and are therefore exempt from IHT.
Legal, Regulation & Compliance
01/17/2020
Freshfields' former Global Head of Tax charged with fraud
The arrangement involved treating a share as having two owners, so that both parties could receive a refund of capital gains tax which only one of them had actually paid.
01/17/2020
Carey Olsen continues as leading legal adviser to Guernsey's investment funds industry
The findings of Monterey Insight follow the publication of the latest Chambers UK and Legal 500 UK rankings at the end of last year
01/17/2020
Update approved for Guernsey insolvency law
Key developments include changes to voluntary winding up by company members
01/17/2020
EBA report on RTS on material risk takers
As to the weaknesses, the Report highlighted that although CAs typically follow a risk-based approach, some of them have some difficulties to distinguish their standard risk-based methods of supervision
01/17/2020
Slaughter and May bans ski trips after harassment claim
When the allegations were made, the elite Magic Circle firm was already carrying out a risk assessment on behaviour that included social events.
01/16/2020
OLYMPIC Banking System: successful completion of multi-location deployment at Andbank
The roll-out took place in two stages, initially for the Monaco entity and then subsequently for the Andorra, Luxembourg, Spain, Panamá and Insurance units, using a “Big Bang” approach.
01/16/2020
FCA and Bank of England encourage switch from LIBOR to SONIA for sterling interest rate swaps from Spring 2020
The market for SONIA derivatives is already well-established.
01/16/2020
Easy ‘hire and fire’ rules may harm economy, says Andy Haldane
Productivity, a measure of output per worker, is the key determinant of living standards, but it has stagnated since the financial crisis.
01/16/2020
Inflation Fears Return to Haunt Investors in Europe’s East
It’s a predicament that contrasts with the euro area, where the European Central Bank is struggling to rekindle price growth.
01/16/2020
Double Jeopardy: Breach of Sanctions or Contract?
Lamesa sought to argue that the risk of secondary sanction was not an express prohibition and that "mandatory" should mean "compulsory".
01/16/2020
Next steps for LIBOR transition in 2020: the time to act is now
This is a critical year for LIBOR transition.
01/15/2020
Credit Suisse release Official Statement After Roger Federer Controversy
Recently, Credit Suisse declared that it would no longer finance coal-fired power plants. - Singling out Credit Suisse among global banks is misleading and uncalled for.
01/15/2020
GAM partners with SimCorp to consolidate its operating platform
The transfer of current front office systems to SimCorp will be seamless for clients and they will benefit from an improved client reporting experience from GAM.
01/15/2020
a.s.r. and Van Lanschot Kempen to enter into a partnership agreement for a.s.r.’s investment accounts
This partnership is the final step for a.s.r. in the phasing out of its banking activities.
01/15/2020
Former BHS owner ordered to pay £9.5m to pension schemes
Dominic Chappell told court he was facing bankruptcy and unable to pay fine or shortfall
01/15/2020
French Climate Stress Tests for Financiers to Be Anonymous
Central banks are trying to design stress tests as they increasingly view climate risks as financial risks, while at the same time not adding to uncertainty for the sector.
01/15/2020
Swiss National Bank under rising pressure after five years of negative rates
But those policies now face opposition from an unusual alliance of left- and right-wing politicians, as well as growing criticism from the powerful financial sector.
01/15/2020
AML fines in 2019 breach $8 billion
Last year could have been a record
01/15/2020
FCA RDR/FAMR evaluation update
We have commissioned qualitative research on how consumers interact with the market.