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
Legal, Regulation & Compliance
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
05/23/2019
Money Laundering Deterrence in Europe: Time to Get Serious
The Egmont Group has grown to a large international organisation of 159 financial intelligence units, representing the operational arm of AML/CFT deterrence to complement the strategic arm of the FATF.
05/23/2019
German regulator orders online bank N26 to step up controls against money laundering
On Wednesday, BaFin said N26 must take measures including reidentifying some existing customers, catching up on a backlog of IT monitoring and documenting workflows.
05/23/2019
FCA review of principal firms in the investment management sector
FCA wins case against unauthorised forex firm
05/23/2019
Investigation into London Capital & Finance launched
An investigation into the circumstances surrounding the collapse of the investment firm and the Financial Conduct Authority’s supervision of the firm