03/15/2020
Government and regulators' responses to Treasury Committee reports on IT failures and economic crime
The Government published its response to the Committee’s business rates report on 27 February 2020
Legal, Regulation & Compliance
03/15/2020
Biglaw Firm Institutes Mandatory Work-From-Home Policy To Protect Personnel From Coronavirus
When will other firms come to their senses and offer work-from-home solutions like this?
03/15/2020
Overriding legal professional privilege - The iniquity exception
Legal professional privilege acts as an exception to the general disclosure and inspection rule. It has two parts - legal advice privilege and litigation privilege.
03/13/2020
Ex-Barclays CEO Varley Faces Quizzing in $2 Billion Suit
Former banker Jenkins also to face questions during June trial
03/13/2020
FCA new webpages on STFR
The FCA has published a statement on LIBOR contractual triggers confirming that any annoucements made in relation to LIBOR cessation, which may be made before the end of 2021
03/13/2020
Investec pulls offer of minority stake in Ninety One amid market chaos
The group said it would not go ahead with the global offer to sell a stake of around 10%, but would press on with the demerger and listing.
03/13/2020
Advisers take Mifid disclosure ‘nightmare’ into own hands
“This is complex, particularly for those advisers that use multiple platforms, each with different data standards and reporting methodology.”
03/13/2020
Director of FX broker Numex gets 8-year ban
Ehsan Tayefi, director of Numex Foreign Exchange Corporation (UK) Ltd, is now banned from acting as a director or directly or indirectly becoming involved in the promotion, formation or management of a company.
03/13/2020
Coronavirus: Linklaters postpones insight scheme as Taylor Wessing closes London office after employee tests positive
Host of City players trial remote working capabilities in wake of pandemic
03/13/2020
Listing: It Isn't Only Buildings
The case highlights the fact that, in addition to buildings, a variety of structures and objects have been protected by being listed under the Planning (Listed Buildings and Conservation Areas) Act 1990.
03/12/2020
UK ombudsman and lifeboat scheme to extend Gibraltar remit
Treasury sets out consultation to reassess Britain’s financial services relationship with the territory
03/12/2020
A near record year for money laundering: Banks hit with $10 billion in fines
One remarkable finding in the report is that, despite a spate of new data privacy laws, they resulted in almost no fines.
03/12/2020
Bank of England measures to respond to the economic shock from Covid-19
The Bank’s three policy committees are today announcing a comprehensive and timely package of measures to help UK businesses and households bridge across the economic disruption that is likely to be associated with Covid-19
03/12/2020
Carney orders banks: don’t waste our emergency cash on bonuses
Joshua Roberts at risk manager Chatham Financial said: “In many ways more significant is the decision to cut the countercyclical capital buffer rate to 0%."
03/12/2020
Swedbank says $4.8 million of payments may have violated U.S. sanctions
Still, Swedbank shares rose close to 4%, as analysts said the $4.8 million total of suspect transactions was a fairly small sum.
03/12/2020
DAC6: what’s next for Luxembourg?
The EU had set a requirement for all Member States to have passed appropriate legislation to enforce DAC6 on or before 31 December 2019.
03/12/2020
UK regulator to push companies on climate-risk reporting
Investors urge companies to manage climate-change risk ahead of 2020 AGM season
03/12/2020
Exporting regulatory competence: the double dividend for IFCs by Mourant
Financial crises tend to be the stimulus for regulatory change, and since the crash of 2009, the pace of change in international regulation has been impressive.
03/12/2020
Gibraltar risk and compliance professionals join with CISI to raise professional standards in global financial markets
The CISI is the global membership professional body encompassing financial services sectors including wealth management, financial planning and capital markets.
03/12/2020
Carey Olsen named best law firm for fund structuring at PE Wire European Awards
Carey Olsen has won the Best Law Firm – Fund Structuring category at the 2020 PE Wire European Awards.