Legal, Regulation & Compliance

11/12/2019

French Central Bank Job Posting Reveals Digital Currency Program

The bank also wants the analyst to experiment with other blockchain specialists in the eurosystem, participate in blockchain proof-of-concepts within and outside the bank and identify economic issues related to how monetary policy is conducted.

11/12/2019

Advisers warned about switch to automated tax

The government is currently subject to purdah rules ahead of the December 12 general election but FTAdviser understands should it be elected it will put the plan forward in the next Finance Bill.

11/12/2019

ESMA advice on the supervisory regime for TC-CPPs

The two-tier regime introduced with EMIR 2.2 requires that a Tier 2 TC-CCP must comply, at recognition and on an on-going basis, with all CCP requirements under EMIR in addition to the requirements of its home country.

11/12/2019

EBA speech on EU-wide stress test

The data showed that, in aggregate terms, the EU banking sector was resilient to adverse shocks, thanks to the continuous strengthening of capital positions by the major EU banks since 2011.

11/12/2019

Europe’s Weakened Banks See a Road Around New Capital Rules

James von Moltke, Deutsche Bank AG’s chief financial officer, told analysts recently that he sensed a “shift in tone” among politicians and is optimistic that the final rules could be “less onerous” for the industry once they

11/11/2019

Liquidator liability to pay costs as a non-party to litigation

A recent decision of the English High Court considered whether a liquidator’s firm should be liable to pay costs as a non-party to the unsuccessful litigation pursued by the company in liquidation and the liquidator. The decision will be of interest

11/11/2019

Calls for ban on non-advised P2P sales

In the wake of its collapse questions have been raised as to how retail clients can be better protected in the market, with many pointing their fingers to an outright ban of non-advised P2P investments.