03/03/2019
EU Exit: EBA opinion on deposit protection issues
In a bid to ensure that covered deposits are protected, the EBA recommends that those branches become members of local EU DGSs.
Legal, Regulation & Compliance
03/03/2019
Spain to guarantee healthcare and pensions for British expats after Brexit
Last year 18 million British tourists visited Spain while on their travels across the Continent.
03/03/2019
Man City face transfer ban as FA investigates claims club used illegal third-party ownership scheme to buy South American kids
Allegations that club used a company in the Cayman Islands to hide investment fund came after Football Leaks shared documents
03/01/2019
U.K. Regulator Zeroes In On Asset Managers’ Fee Disclosures
The Financial Conduct Authority reviewed how investment firms disclose costs and charges to clients.
03/01/2019
Bank of England's approach to financial services legislation under the European Union (Withdrawal) Act 2018 - February 2019
Publication of Policy Statement and other materials
03/01/2019
Ex-Barclays boss slams SFO investigators
The SFO has provided very limited disclosure to me of the core material in relation to this case," he said in a statement to SFO detectives.
03/01/2019
Luxembourg law on the register of beneficial owners comes into force
Entities are not only obliged to provide information to the RBE, but also to hold such information, including supporting documents, at their registered office.
02/28/2019
Capital Markets Union: Agreement simplifies rules for investment firms to support open and vibrant capital markets
A key element of the EU's Capital Markets Union (CMU), the revised legislation will ensure more proportionate rules and better supervision for all investment firms on capital, liquidity and other risk management requirements.
02/28/2019
ECB speech on cross-border CCP supervision
Before briefly outlining what we hope to learn from this conference, I would like to say a few words in memory of our colleague and friend, Robert T. Cox, who passed away in December.
02/28/2019
Capital Markets Union: Commission welcomes agreement on EU rules on covered bonds
The agreed rules aim to foster the development of covered bonds
02/28/2019
Carey Olsen advises on growth debt fund
Kreos has already started to deploy capital from the fund and expects to commit some €250 – 300 million per annum over the coming years.
02/28/2019
Qatar, China, Japan sought 'extras' after Barclays 2008 fundraising: court
Former CEO John Varley and some of his most senior former colleagues - Roger Jenkins, Tom Kalaris and Richard Boath - are charged with conspiracy to commit fraud by false representation
02/28/2019
HMT advisory notice on money laundering and terrorist financing controls in overseas jurisdictions
FATF regularly publishes statements that identify high-risk countries based on assessments of their AML/CTF regimes.
02/28/2019
EU Parliament Urges to Abolish 'Golden Visas' for Foreign Investors
Dariusz Rosati, a member of the European Parliament from Poland, in particular mentioned several money-laundering cases that involved EU banks, Russian capital and Russian citizens, claiming that "golden visas" often bring benefits to Russian ol
02/28/2019
City Financial files intention to appoint administrator as reviews options
City Financial had filed a “notice of intention to appoint administrators” as a protective measure while the board considers its next steps, Hain said.
02/28/2019
Government Toughens Up its Plans for a Stronger Pensions Regulator
The Government will legislate to introduce a range of new offences relating to workplace pensions.
02/28/2019
Crypto Tax Update: HMRC Publishes Guidance on the Taxation of Cryptoassets for Individuals
With this in mind, individuals who hold cryptoassets should consider closely the Guidance on the self-assessment return which they are due to file, despite the late arrival of the Guidance.
02/28/2019
FCA warns Mifid rules aren't being followed correctly
The FCA’s Call for Input sought feedback on a number of issues, including the scope of PRIIPS regulations, summary risk indicators and performance scenarios.
02/27/2019
EU Court Nixes Suspension of Latvian Bank Official
The opinion notes that Rimsevics has called the allegations against him “highly implausible,” given that the private bank he is accused of assisting ceased trading in 2016 and has gone into liquidation.
02/27/2019
Dublin calling: Ireland cashes in on Brexit jitters
Hermes Investment Management, which is headquartered in London and has £33.5 billion (38 billion euros, $43 billion) in assets under management, is another one of the companies setting up new offices in Dublin.