02/04/2019
Bank of England and European Securities and Markets Authority agree Memoranda of Understanding
The MoUs will also only take effect in the event of a no-deal Brexit.
Legal, Regulation & Compliance
02/04/2019
Deutsche Bank deflects EU lawmakers’ questions in money laundering probe
Little detail given on alleged links to Danske Bank scandal.
02/01/2019
Advisers to pay £175m FSCS levy
The scheme confirmed a levy for 12 months for the 2018/19 period would have been £574m, £58m higher than the proposed levy.
02/01/2019
Ex-Falcon Legal Boss' Ban Lifted
To be sure, the court wrote that the executive, who oversaw a compliance team of roughly 20 people, knew that Falcon's anti-money laundering program was lacking in 1MDB transactions carried out by the bank.
02/01/2019
HMRC grabs over £400m extra from pension freedom users
UK taxman forced to repay over £30m in Q4 2018, showing little improvement has been made
02/01/2019
Who's Who Legal recognition for eight Carey Olsen funds lawyers
Nominees are selected based on independent survey work with general counsel and private practice lawyers worldwide.
02/01/2019
ESMA issues statement to address upcoming EMIR Refit implementation issues test
Given that the EMIR Refit negotiations have not been finalised, it is yet not known when the resulting text is expected to start applying, potentially after the phase-in for Category 3 counterparties expires.
02/01/2019
Dentons advises Hines Poland on the sale of Graffit office building
Paweł Dębowski, Chairman of Dentons’ Europe Real Estate group supervised the project.
02/01/2019
EU and UK regulators agree Brexit deal for asset managers
The agreement has been long awaited by UK asset managers, as it is needed to ensure the continued practice of “delegation”, which allows funds to be domiciled and regulated in another EU country.
02/01/2019
Italian govt wants to separate commercial lenders from investment banks
Speaking to the parliament’s lower house Di Maio also said that if the government needs to enter the capital of troubled Banca Carige it would take control of the lender.
01/31/2019
FCA proposes new rules on reporting GI value measures data
The consultation also proposes that firms must use the value measures data when considering whether their products offer value to their customers.
01/31/2019
Treasury in firing line in latest RBS lawsuit
The £100 million High Court action concerns the role played by the Asset Protection Agency, the government department that insured toxic loans by RBS.
01/31/2019
Former pension minister warns UK expat state pensions remain at risk from Brexit
As things currently stand, UK expatriates’ state pensions will only see inflation-linked increases if European countries reciprocate.
01/31/2019
World bank, Germany to work jointly on African development
BMZ will provide significant additional financial support through the partnership
01/31/2019
Treasury in firing line in latest RBS lawsuit
The £100 million High Court action concerns the role played by the Asset Protection Agency, the government department that insured toxic loans by RBS.
01/31/2019
Building a regulatory framework for effective stewardship - FCA
This DP is relevant to FCA-regulated asset management firms and life insurers.
01/31/2019
Consultation on proposals to improve shareholder engagement - FCA
The Directive comes into effect in June 2019 and, assuming a transition period for EU Withdrawal is agreed
01/31/2019
Fiduciary Management: Improvement Through Competition? by Gowling WLG
The CMA describes itself as the UK's primary competition and consumer authority, with responsibility for carrying out investigations into, among other things, regulated industries, and enforcing competition and consumer law.
01/31/2019
Barclays' lawyers did not object to £322m fees paid to Qatar, court told
Bank’s legal team said to have ‘persuaded themselves’ that agreement in 2008 was lawful
01/31/2019
Significant Royal Court ruling for lenders and creditors in Jersey
Re Powell concerned how much a Tenant would have to pay, and for what, in order to be confirmed by the Court as the Tenant.