07/09/2019
Luxembourg Register Of Beneficial Owners - D-2 Months !
Luxembourg existing entities now have until 1 September 2019 (at the latest!) to compile their Internal File on BOs and to register the relevant information with the RBE.
Legal, Regulation & Compliance
07/09/2019
EBA assesses impact of FinTech on payment institutions' and e-money institutions' business models
The Report aims to share knowledge and provide support to supervisors and other stakeholders in identifying and understanding the main trends that could impact PIs' and EMIs' business models and pose potential challenges to their sustainability.
07/09/2019
U.K. proposes mandatory climate reporting for companies, asset owners
The government wants to align mainstream financial flows from listed companies and asset owners with those that are environmentally sustainable, to redirect capital to green investments in cities, energy systems and land use around the world.
07/09/2019
U.K.'s Pensions Regulator wants feedback on improving governance of plans
David Fairs, executive director of regulatory policy, analysis and advice at TPR, warned in a news release Tuesday that there still are disengaged trustees who either refuse or are unable to improve standards in their plans.
07/09/2019
A strong Q2 sees European IPO activity rebound following a quiet Q1
The European IPO market is showing signs of recovery following a particularly quiet first quarter.
07/08/2019
Collaboration of six Nordic banks results in joint KYC company
The banks' top priority in collaborating has been to develop a Nordic platform with standardized processes for handling KYC data
07/08/2019
Call for inheritance tax shake-up
Possible reforms include changes to the gift allowance but not the tax on your home
07/08/2019
2019 Transition Monaco Forum: shifting towards sustainability is a reality not a utopia anymore
On those grounds, the second Transition Forum held at Fairmont Hotel from the 26th until the 27th June 2019, under the high patronage of H.S.H. Prince Albert II of Monaco, went one step further analyzing how best to comply with the eco-transition, from in
07/08/2019
France is Going to Change Key Wine Regulations
Now as per new regulation these stickers will not be valid on wine bottles for exportation purposes.
07/08/2019
Why City bankers don’t rat out financial crime
There is a fundamental reason why what works on Wall Street would fall flat in the City: the size of the carrot and the size of the stick
07/08/2019
Acacia and Barrick dial up war of words as takeover deadline looms
More than two years into a bitter standoff with Tanzania over alleged tax and environmental breaches, Acacia continues to grapple with the effects of a ban on exports of unprocessed metals such as gold, a tax bill equivalent to nearly three centuries of i
07/08/2019
Facebook's Cryptocurrency Plan Draws ECB Warning on Regulation
“It’s out of the question to allow them to develop in a regulatory void for their financial service activities, because it’s just too dangerous,” Coeure said on Sunday in Aix-en-Provence in southern France.
07/08/2019
Irish pension money in equities reduced
According to Mercer's 2019 European Asset Allocation Survey, this trend is reflected by investors across Europe and the UK, with the average equity holding falling to 25pc this year, from 28pc in 2018.
07/08/2019
Monaco and the USA are negotiating agreement for exchange of country-by-country reports
The country-by-country reporting scheme was established by countries in 2015 as a result of the OECD/G20 base erosion profit shifting plan.
07/08/2019
Smurfing: How Russians laundered €4m in Belgium
The method is called "Smurfing" by money-laundering experts - using minions, like the little blue men in the popular Belgian comic book, to break up stolen funds into small parts in order to buy normal things and evade controls.
07/07/2019
Senior Managers and Certification Regime: solo-regulated firms
This extension affects almost every solo-regulated firm, from very small firms (including sole traders and limited permission consumer credit firms) to some of the largest global firms.
07/07/2019
Bank trader acquitted in EURIBOR trial
The former Managing Director at Deutsche Bank was found not guilty of manipulating EURIBOR at the height of the financial crisis.
07/07/2019
EBA report on implementation of POG guidelines
The EBA promotes a transparent, simple and fair internal market for consumer financial products and services
07/07/2019
EIOPA establishes Expert Practioner Panel on PEPP
With the insights of the Expert Practitioner Panel, EIOPA will develop superior solutions and smart policy advice that incentivises financial innovation for the benefit of the European consumers.
07/05/2019
Lyxor partners with New York based AM to launch market neutral equity fund
The new strategy seeks to take advantage of market inefficiencies through both traditional data such as price and volume and non-technical alternative data sets.