09/25/2019
Deutsche Bank CEO warns central banks have no tools left to ‘cushion’ a ‘real economic crisis’
The ECB in particular has eased aggressively, lowering its deposit rate by 10 basis points to a record low of -0.5%.
Legal, Regulation & Compliance
09/25/2019
Findings from FCA review of unit-linked firms' governance practices
This is part of wider work in this area, including a review of non-workplace pensions, the governance of unit-linked mirror funds, and the effectiveness and scope of Independent Governance Committees (IGCs).
09/25/2019
Azzurro Associates Selects LexisNexis Visualfiles for Azzurro Law Ltd
With the kind of data that the solution holds, and by applying the right logic, Visualfiles can do anything you want it to.
09/25/2019
The Network for Greening the Financial System
The NGFS’ diverse membership, which includes the German, Dutch and French Central banks, allows for close coordination between the various ongoing international initiatives on issues of common interest.
09/25/2019
EU Court Scraps $37M Antitrust Fine Against HSBC
Eight banks were eventually dealt fines totaling $2.34 billion, with Germany-based Deutsche Bank, Barclay’s, Royal Bank of Scotland and France’s Societe Generale receiving reduced fines of $1.5 billion when they agreed to settle the commission
09/24/2019
Europe, the U.S. … or the Cayman Islands? Tackling the World’s Fund Barriers By Selma Lee Arch
Both of these bills were among those passed by the Cayman Islands Legislative Assembly on July 26, 2019.
09/24/2019
PGIM receives AIFM approval in the Netherlands
This newly authorised entity follows the announcement in July 2019 that PGIM Investments, the global manufacturer and fund distributor of PGIM, established operations in Switzerland.
09/24/2019
EBA launches its 2019 EU-wide transparency exercise
As of this year, the transparency exercise will disclose data with quarterly rather than semi-annual frequency, in order to provide users with more granular supervisory data for time series analysis.
09/24/2019
High Court finds in favour of Lehman administrator in respect of US $7 million trade error
In the present case, following a “colloquial” and “imprecise” oral agreement, both parties were mistaken as to the nature and value of the securities being traded.
09/24/2019
Mexico and UK form alliance to tackle corruption and impunity
Baroness Susan Williams, UK’s Minister of State and Minister of Equalities, introduced the Anti-Corruption and Rule of Law UK and Mexico Prosperity Fund and said it was designed as a “powerful mechanism to maximize our shared prosperity and su
09/24/2019
Handelsbanken signs up to the UN Principles for Responsible Banking
The principles are also intended to emphasise the necessity that the financial sector is governed in line with the Paris Agreement and the 17 Sustainable Development Goals.
09/24/2019
Celebrating inclusion by Victoria Cleland
Given at the House of Lords
09/24/2019
Corporate Criminal Liability and Internal Investigations – Expected Legislative Changes in Germany
The legislative proposal is being discussed extensively in legal practice and academia.
09/24/2019
Appleby Managing Partner Announced as Inspirational Leader of the Year
‘Faye truly deserves to be the Inspirational Leader of the Year for the 2019 IOM Responsible Business Awards.’
09/24/2019
CSSF grants AIFM infrastructure sub-license to IQ-EQ in Luxembourg
IQ-EQ Fund Management (Luxembourg) S.A. offers a full range of AIFM services and solutions including portfolio management, risk management, valuation control, Annex IV reporting, passporting and delegation control.
09/24/2019
Lloyd's reveals depth of sexual harassment culture
It follows a raft of complaints about bullying and sexism at the City institution surfaced earlier this year.
09/24/2019
Police Are Searching for Danske’s Missing Ex-Estonia CEO
Aivar Rehe, who was the chief executive officer of the Danish bank’s Estonian branch in 2006-2015, has been missing since leaving his home in greater Tallinn at about 10 a.m. local time on Monday wearing a black jogging suit, Estonian police spokesm
09/24/2019
Substance and expertise – Guernsey’s insurance mix just works
Reinsurance is a relatively recent development for us, but has grown significantly in recent years and we now have a unique and distinctive offering, based on the collateralised model.
09/24/2019
Apex Group Secures Regulatory Approval for Irish Subsidiary
Through EDB, Apex offers independent banking, depositary and custody services to institutional investors and asset managers for UCITS and alternative investment structures.
09/24/2019
Britons hit with record £5.4bn IHT bill
As a minimum, the level of the nil-rate band should be looked at again and increased in line with inflation.