05/30/2019
Latest Developments in relation to the Market Abuse Regulation
ESMA has been asked to provide its contributions by no later than 31 December 2019.
Legal, Regulation & Compliance
05/30/2019
Mifid rules inhibit use of multiple platforms by advisers
While Mr Milton only uses one platform, he had a client who had assets spread across two platforms.
05/29/2019
Church of England asset management report reveals huge pay gap
Church Commissioners, the organisation that manages the assets of the Church of England, has a huge pay gap between its highest and lowest-earning employees, according to its latest annual report.
05/29/2019
One Year On: The Impact of the GDPR on Digital Banking
The GDPR implications for the financial services sector were undoubtedly significant, and the move towards digitisation and open banking has compounded an already complicated privacy landscape in an industry where trust is crucial.
05/29/2019
FCA warns of disruption to stock markets
The regulator called on the EU to adopt "equivalency" for a short period in the event of a no deal
05/29/2019
FCA bans former broker over 'dishonest' trades
The trades are designed to cancel each other out, so the investors are in the same position as when they started, except that the brokers charge the clients a fee for carrying out the trades, which are typically not needed by the client.
05/29/2019
Leading offshore law firm advises bank on credit facility
We are delighted to have advised JPMorgan Chase Bank
05/28/2019
Family business wealth and protecting it on divorce
When a couple divorce and there is family business wealth in common, protecting that wealth requires special consideration. Charmaine Hast of lawyers Wedlake Bell offers some analysis
05/28/2019
European Central Bank Unlikely to Create ‘Crypto Euro’ Anytime Soon
According to the authors’, the issuing of digital currencies by the central bank should be considered independently from the technology underlying such currency
05/28/2019
Germany tells its banks to set aside $5.9 billion in case of slump
Felix Hufeld, president of Germany’s BaFin banking watchdog, said banks will have a 12-month timeframe to implement the countercyclical capital buffer, starting from July 1.
05/28/2019
Germany tells its banks to set aside $5.9-billion in case of slump
The step is meant as a precaution as regulators see “no concrete signs of acute risks for financial stability” in Germany, Deputy Finance Minister Joerg Kukies told a news conference in Berlin.
05/28/2019
Revealed: the three firms added to Finma’s warning list
Finma has added three more companies to its warning list.
05/27/2019
EU adopts new sanctions framework targeting external cyber-attacks
Cyber-attacks constituting a threat to Member States
05/27/2019
FCA publishes full first decision under competition enforcement powers
Individuals also need to ensure that they comply with any applicable obligations under FSMA.
05/27/2019
Battle for top EU jobs ‘like Game of Thrones with ugly people’
Matters are likely to be complicated by a surge in support for populist parties in the elections to the European parliament.
05/27/2019
FCA TPR notification window extended
It will also allow EEA-domiciled investment funds that market in the UK under a passport to continue temporarily marketing in the UK.
05/24/2019
Mifid rules highlight the costs of investing
Wealth managers now required to produce annual fee statements
05/24/2019
Liz Field: What does the future hold for regulation?
The UK has contributed to and defined a great percentage of this over the past 40-odd years
05/24/2019
FCA finds "significant shortcomings" in review of principal firms
Our review identified significant shortcomings in principal firms’ understanding of their regulatory responsibilities for their ARs.
05/23/2019
Gresham House and AXA IM team up for forestry fund
The firm did not disclose how much the portfolio was worth but the Society of Chartered Surveyors Ireland found the average hectare of forest changed hands for €9,838 (£8,623) in 2016, making the portfolio worth a potential €40 million: al