05/06/2019
EIOPA submits advice on Sustainable Finance to the European Commission
In doing so, EIOPA advises to embed carefully sustainability in the delegated regulations under Solvency II and the Insurance Distribution Directive.
Legal, Regulation & Compliance
05/06/2019
FCA launch the Financial Services Regulatory Partners Phoenixing Group
The Financial Conduct Authority held a round table event with its regulatory partners to build on existing collaboration and launch a working group to tackle the ongoing issue of phoenixing in financial services.
05/03/2019
NAB, UK bank sued over business loans
A spokeswoman for Clydesdale said the bank had yet to receive details of the case.
05/03/2019
ED files money laundering charge sheet against Zakir Naik
Once the court takes cognisance of the charge sheet, the agency will file an application under the Fugitive Economic Offenders Act, 2018 to declare him as a fugitive economic offender, said the official asking not to be named.
05/03/2019
Shareholders ignore governance guidance to reject Schroder heir
Leonie Schroder had been criticised for her lack of City experience
05/03/2019
Baby boomers vs millennials: FCA dives into generation battle
Spotlight on pension, insurance, mortgage and credit inequality
05/03/2019
Netherlands, Germany, Austria preventing euro zone integration
It has become clear to EU citizens that they cannot take the EU for granted and that leaving it could have disastrous consequences."
05/03/2019
Experts welcome FCA’s business plan priorities but say more action needed
The UK’s Financial Conduct Authority has laid out its priorities for the coming year, with Brexit named as its most immediate focus.
05/03/2019
The future of reverse solicitation in the EU in the context of the AIFMD
This flexibility allows promoters to avoid launching projects which would not find favour with investors with the consequent advantage of saving costs and time.
05/03/2019
FCA calls for more flexibility in mortgage market
This required greater flexibility in the mortgage space, the City watchdog stated.
05/02/2019
OT minister wants to avoid BO confrontation
“We do not believe we will get to the stage where we have to get into some sort of confrontation,”
05/02/2019
Next Central Bank governor took aim at ‘harmful’ Irish tax practices
Gabriel Makhlouf is approved by Cabinet as the first non-Irish national to lead the Central Bank in its 76-year history
05/02/2019
Guidance on Aspects in Relation to the Economic- Substance Requirements as Issued by Guernsey, Isle of Man and Jersey
The guidance is principles based and therefore, cannot cover specific scenarios and will not replace the need to take independent professional advice.
05/02/2019
Answering the call to combat financial fraud
For the purveyors of technology-assisted financial crimes, identity, account access, and payment data are the golden keys that open the door to these organizations’ proverbial bank vaults.
05/02/2019
How Guernsey is part of the British financial services family
For 20 years, Guernsey has been at the forefront of developing and meeting evolving global regulatory standards.
05/01/2019
Money-laundering crisis reshapes Estonia’s relations with non-resident businesses
“E-residents can then conduct business using an EU company that they can run entirely online from anywhere, with minimal costs and hassle.”
05/01/2019
European regulators fear Deutsche Bank U.S. stress test failure
Deutsche Bank's future in the United States, where it opened 40 years ago with just 76 employees before expanding rapidly in 1999 by buying Bankers Trust, is already in doubt.
05/01/2019
DNB, Nordnet and Swedbank Robur funds must change names, rules Ethical Committee for Fund Marketing
In its decision, ENF said it had found that the three had failed to implement best practice as defined by the Swedish Investment Fund Association's guidelines for marketing and information.
05/01/2019
FCA launches advice market review amid ‘concerns’
The review will consider whether these initiatives have been successful in achieving their objectives and will look at what consumers want from the market and how the market works to deliver this.
04/30/2019
FCA Announces Cross Border Tests with GFIN, Most Participants are Blockchain Focused
The FCA noted that a high number of applications were from firms with Regtech and cryptoasset related business models.