06/21/2019
Independent reviews of Interest Rate Hedging Products and the Connaught Income Fund Series 1
The FCA has appointed Independent Reviewers for the lessons learned reviews commissioned by the FCA’s Board.
Legal, Regulation & Compliance
06/21/2019
FCA fines Bank of Scotland for failing to report suspicions of fraud at HBOS Reading
The Financial Conduct Authority (FCA) has today fined Bank of Scotland (BOS) £45,500,000 for failures to disclose information about its suspicions that fraud may have occurred at the Reading-based Impaired Assets (IAR) team of Halifax Bank of Scotla
06/21/2019
FMSB issues new Statement of Good Practice on Conflicts of Interest
FMSB members and other interested parties are invited to comment on the proposed Statement of Good Practice before it is finalised by FMSB.
06/21/2019
Adviser raises alarm after DB transfers made to unregulated Malta investments
Hodges, who has brought the cases to Money Marketing’s attention, is currently attempting to retrieve money for clients.
06/21/2019
Legal team advises private bank on wealth manager acquisition
Deal Is Part Of Wealth Management Business’ Growth Strategy
06/21/2019
Former Barclays boss cleared in Qatar fraud case
Mr Varley has been acquitted on both counts.
06/20/2019
Efama welcomes TEG proposals with caveats
In a statement, the chief European fund industry body said: "We welcome that the TEG proposals on the EU taxonomy include transitioning activities which are key to ensure the success of the taxonomy and to enable a transformation towards a sustainabl
06/20/2019
FCA first annual perimeter report
‘We will publish this report annually from now on, in order to highlight issues around the perimeter.’
06/20/2019
Grand Theft Europe
Fraudsters are every year robbing Europe’s citizens of 50 billion euros in tax money. A Europe-wide investigation by 63 journalists from 30 countries, coordinated by CORRECTIV.
06/20/2019
Commerzbank brings forward ECB rate-cut expectation to July
“In essence, the ECB could no longer tolerate the adverse mix of collapsing inflation break-evens and rising real yields since the meeting two weeks ago.
06/20/2019
Wright, Johnston & Mackenzie expands
The information contained in this newsletter is for general guidance only and represents our understanding of relevant law and practice as at June 2019.
06/20/2019
3 common legal structures for expatriate employees
The EWE structure can pose a corporate income tax risk, so careful planning is recommended.
06/20/2019
The End of European Money-Laundering Scandals, or just the Beginning?
As recent money-laundering scandals move from the Baltics to Scandinavia, who will be next?
06/20/2019
HW Fisher expands offering with acquisition of strategic governance, risk and compliance consultancy, Compliance On Demand
Initially focused on advising the real estate sector, it is envisaged that Compliance on Demand will move to embrace new sectors, including Corporate, Professional Support, Private Equity and Fund Management.
06/20/2019
Pensions Tax Mistakes Can Sometimes Be Undone
This case therefore potentially gives them further scope to resist such charges and to assist their employees or members.
06/19/2019
Remarks to Open Policy Panel - by Mark Carney
ECB Forum on Central Banking – 20 Years of European Economic and Monetary Union Sintra, Portugal
06/19/2019
FCA urged to be wary of exit fee 'loopholes'
The FCA's interim report report on the topic was published in March 2019.
06/19/2019
Official statement from the governments of Guernsey, Jersey and Isle of Man on beneficial ownership registers
The commitment announced today will increase further transparency and accessibility whilst maintaining high standards of accurate, up-to-date, verified information.
06/19/2019
New guidance needed to improve anti-money laundering regime
Banks and other businesses use suspicious activity reports (SARs) to report cases of suspected money laundering and terrorism financing, to the United Kingdom Financial Intelligence Unit.
06/19/2019
Gina Miller urges FCA to ban illiquids in daily dealing funds
Government must conduct ‘root and branch’ review of the regulator