04/10/2019
Slovene Government Ignores ECB Warning With Draft Bailout Law
ECB, central bank says draft law violates euro-area rules
Legal, Regulation & Compliance
04/10/2019
UBS Shareholders Urged to Reject Bank's Compensation Report
UBS had proposed a pay package that included 14.1 million francs ($14 million) in compensation for Chief Executive Officer Sergio Ermotti for last year.
04/10/2019
Business Aviation Law in Europe - A Practical Guide 2019
Originally published in the Business Aviation Law in Europe - A Practical Guide 2019
04/10/2019
SJP referred to regulator over pension failing
This transfer was completed in November 2017
04/10/2019
Linear Investments loses appeal against £400k FCA fine
'Firms are expected to play their part in tackling market abuse by ensuring that they are able to identify and manage the market abuse risks to which they are exposed.
04/10/2019
FCA fines Standard Chartered Bank £102.2 million for poor AML controls
This is the second largest financial penalty for AML controls failings ever imposed by the FCA.
04/10/2019
Insurance firms failing to consider value of the products and services provided to consumers
The recently implemented Insurance Distribution Directive requires that all firms in the GI distribution chain act in accordance with the best interests of the customer.
04/10/2019
Gibraltar-based law firm to join fast-growing network
The consideration for the acquisition, which is entirely payable in cash, comprises £342,000 paid on completion with the deferred consideration related to the turnover achieved by the business over the next three years and paid quarterly.
04/09/2019
Qatar sues Luxembourg, UAE, Saudi banks in FX manipulation case
Qatar said Banque Havilland tried to weaken the country’s riyal currency by submitting what the statement called fraudulent quotes to foreign-exchange platforms in New York, to disrupt indices and markets where significant Qatari assets and investor
04/09/2019
One euro zone bank falls short of ECB capital requirements
These requirements are closely watched by analysts as any bank that fails to meet them faces a cap on how much it can pay in dividends, bonuses and certain coupons and comes under pressure to raise capital.
04/09/2019
Standard Chartered expected to pay just over USD 1 bn to resolve US, UK probes
The bank settled the foreign exchange probe in February when it was fined USD 40 million by New York’s banking regulator.
04/09/2019
National financial planning firm LEBC issues pensions warning
The national financial planning firm specialises in helping divorcing couples and the courts agree upon a fair split of pensions.
04/09/2019
UK HMRC Increases Focus on Combatting Tax Evasion
In March 2019 HMRC published the outcome of an IPSOS poll of more than 1,000 businesses
04/09/2019
Basel Committee issues a consolidated version of its standards
The preparation of the framework did, however, reveal certain inconsistencies between Basel requirements as well as ambiguities that need to be addressed through minor policy changes.
04/08/2019
Can the world's central banks rescue the slowing global economy even if they try?
The eurozone is sliding into a ‘Japanese’ deflationary quagmire but without Japan’s political cohesion and without a fiscal machinery to step into the breach.
04/08/2019
Freshfields scrutinised over review of UBS rape allegation
Solicitors’ regulator opens file on whether law firm was transparent about bank relations
04/08/2019
Chinese Investors Look to Greece for Controversial ‘Golden Visas’: Report
Nearly 60 percent of the visas granted since January 2018 have gone to Chinese investors, while visas granted to Turkish investors have also risen sharply over that period, the New Zealand-based media outlet reported.
04/08/2019
FSA and ASIC agree to strengthen cooperation post-Brexit
The FCA and ASIC also support the continuity of existing equivalence decisions to provide certainty to businesses post-Brexit.
04/08/2019
EU to modernise law on consumer protection
The directive covers a wide range of topics.
04/08/2019
FSB publishes directory of crypto-assets regulators
The FSB also conducts outreach with approximately 70 other jurisdictions through its six Regional Consultative Groups.