01/10/2020
Vanguard to wade into UK advice sector
Famously low-cost, its arrival could herald a big change for wealth management fees
Legal, Regulation & Compliance
01/10/2020
ESMA Grants LEI Reporting Relief to Non-EU Issuers Under SFTR
The guidelines aim to clarify a number of SFTR provisions and provide practical guidance on implementation.
01/10/2020
Cross-border transactions face EU anti-money laundering overhaul
The demand for greater scrutiny over high-risk international transactions is not new for banks in the EU.
01/10/2020
Polish prosecutor indicts former head of financial regulator
PiS has long campaigned on a promise to root out corruption in what it describes as self-interested liberal elites.
01/10/2020
Dutch banks are freezing accounts under FATCA
An approximate 1,000 ‘accidental' Americans live in the Netherlands.
01/10/2020
ESMA Announces Key Priorities for 2020-22
ESMA must embed technological innovation, sustainable finance and proportionality in its activities
01/10/2020
The FCA commences civil proceedings in relation to alleged unauthorised deposit takers
The FCA alleges the defendants have been carrying on unauthorised deposit taking by accepting money from the public for different projects, including forex trading and crypto-assets.
01/10/2020
Slovenian central bank asks top court to rule on bank rescue compensation law
“The generally accepted stand in the EU is that it is not a task of the central bank to save (commercial) banks.”
01/09/2020
Appleby Bursary Scheme Awarded to two Manx Students
Both candidates have secured training contracts with Appleby following their studies.
01/09/2020
Art and money laundering: The U.K. enacts new art laws and all buyers and sellers need to pay attention
Regardless of the jurisdiction, all art transactions carry risk.
01/09/2020
Richest Nordic Nation Gets a Banking Giant After Rates Diverge
Norway's main rate is 1.5% after cycle of hikes Norway stands out as one of the world’s richest nations.
01/09/2020
Julius Baer contests renewed claim by liquidator of Lithuanian firm
The Bank continues to contest the claim vigorously while taking appropriate measures to defend its interests.
01/09/2020
Carey Olsen remains leading agent for TISE listings
The company also completed more high yield listings than any other listing agent, acting in connection with half of all high yield bonds listed on TISE last year, reflecting its position as the market leader in this area.
01/09/2020
Minibonds to cost FSCS millions
The FSCS pays compensation up to a limit of £85,000, so bondholders with investments exceeding this amount will still lose money.
01/09/2020
Dutch banks are freezing accounts under FATCA
FATCA was passed in 2010 and forces banks wanting to operate in the US to report any assets held by American citizens overseas.
01/09/2020
EU watchdog says can meet deadline for UK clearers after Brexit
Britain and the EU have agreed they would seek to complete assessments for equivalence by the end of June.
01/08/2020
Risky corporate debt is piling up, out of sight from global regulators
Private equity firms also use billions of dollars of debt to take over public companies and, ideally, spruce them up and make more competitive.
01/08/2020
SMCR burden to hit solo-regulated advice firms hardest
As freeze on FCA register updates means they will likely need to self-report their status
01/08/2020
France to cyber-stalk suspected tax avoiders on social media
Budget minister says it is ‘one more tool to fight fraud’
01/08/2020
'Hasty' and 'meaningless': Industry responds to IR35 review
But the review has been branded “meaningless” by some in the industry who claim it will not tackle the key problems surrounding IR35.