07/12/2019
FCA multi-firm review on retail banking BCP
We also assessed how firms are considering consumer harm and the proactive steps taken to identify and remediate.
Legal, Regulation & Compliance
07/12/2019
HSBC agrees to extend redress scheme for customers impacted by historical debt collection practices
HSBC has voluntarily agreed to extend its redress scheme for customers who may have lost out by paying an unreasonable debt collection charge imposed by HFC Bank Ltd (HFC) and John Lewis Financial Services Limited (JLFS), the Financial Conduct Authority (
07/12/2019
Fugitive Jeweler Convicted of Money Laundering in U.K.
The criminal property laundered was £1.5 million representing the proceeds of a conspiracy to insider deal by Martyn Dodgson and Andrew Hind. Mr Baldwin used off-shore companies, bank accounts and false invoices to effect his money laundering.
07/12/2019
Residency and Cat 2 in Gibraltar
Only individuals not currently resident in Gibraltar and who have not been resident in any of the previous five years of assessment may apply for a Qualifying Certificate.
07/12/2019
Updated guide on the insurability of GDPR fines across Europe
Boardrooms are understandably concerned about the scale of fines imposed following the introduction of GDPR last year.
07/12/2019
Linklaters partners bag £1.7m (but it’s less than at Freshfields)
Profits at Linklaters were also higher than those at Freshfields, hitting £751 million compared with £688 million at the Anglo-German practice.
07/12/2019
Uría Menéndez and Linklaters advise on Abanca-Crédit Agricole alliance
Uría Menéndez and Linklaters advised Abanca and Crédit Agricole Assurances on the creation of an insurance sector joint venture that will operate in Spain and Portugal.
07/12/2019
DLA Piper advises Jaja Finance on its £530m acquisition of Bank of Ireland’s UK credit card business
We are delighted to have advised Jaja Finance on this significant transaction
07/11/2019
FCA new measure of market cleanliness ATV
Developing additional measures of market cleanliness helps us monitor and assess the effectiveness of our regulatory work on market integrity.
07/11/2019
Understanding Inflation: Expectations and Reality
Given at the Ronald Tress Memorial Lecture, Birkbeck University of London.
07/11/2019
ECA report on EU-wide stress tests for banks
The 2018 stress test imposed less severe adverse scenarios in countries with weaker economies and more vulnerable financial systems.
07/11/2019
Unauthorised firm and directors to pay restitution to consumers
The schemes purported to involve the online purchase of wholesale goods from China for onward sale and promised unrealistically high returns, in some cases up to 100% of the amount invested.
07/11/2019
Societe Generale sued for $792 million by heirs of Cuban bank seized by Castro
The lawsuit was filed eight months after Societe Generale agreed to pay $1.34 billion
07/11/2019
Leading offshore law firm shortlisted for three awards at the Responsible Business Awards
Appleby has a long history of contributing to the local community. At the heart of the firm’s Corporate Social Responsibility strategy in the Isle of Man, is a theme centred on youth, education and sport.
07/10/2019
Ardan International scraps minimum fee under pricing schedule review
"This is great news for our customers and advisers. Our proposition is designed to be transparent, simple to use and provide the best value for money to our customers. This new pricing schedule is easier to understand and will drive down even further
07/10/2019
Serious Fraud Office charges ex-forestry investment firm boss
He is accused of committing nine offences and was arrested at Heathrow Airport
07/10/2019
FCA admits it has further to go on diversity
The FCA also published its ethnicity pay gap for the first time in the hope transparency could "drive positive action".
07/10/2019
Bailey faces bonus cut over mini-bond debacle
Mr Bailey has already received £27,200 of his bonus
07/10/2019
HMRC recovers £1.5m in money laundering crackdown
The investigation was part of HMRC’s broader efforts to tackle money laundering in the UK.
07/10/2019
Appleby Partners Recognised by Best Lawyers in 2019 UK List
Appleby partners Michael O’Connell and Simon Harding have both received recognition from Best Lawyers in their most recent UK List.