02/20/2019
Portugal's 'golden visas' generating wide interest in Middle East
Eurico Brilhante Dias, Portugal’s secretary of state for internationalisation, also spoke about Brexit, building up trade and visa-free travel
Legal, Regulation & Compliance
02/20/2019
Cyprus is proving to be an attractive destination for investment funds
With the on-going Brexit negotiations causing significant uncertainty across the continent, Cyprus offers a secure and cost-effective European jurisdiction for fund management companies
02/19/2019
ECB to assess health of bank credit as funding question looms
The euro zone’s economy has continued to slow, raising questions over ECB plans to raise its interest rates sometime after next summer.
02/19/2019
Cum-Ex Lawyer to Stand Trial
The German court awarded the money to make up for losses that the drugstore magnate incurred through investments
02/19/2019
Sports Deal Gone Sour Sends Ripples Into a $3.3 Trillion Market in China
Merchants Bank issued WMP to funnel money to MP & Silva deal
02/19/2019
HMRC defeat could lead to allowance claims
The lifetime allowance – the limit on the amount of money that can be saved in a pension without triggering a tax charge - currently stands at £1,030,000.
02/19/2019
HSBC Sued For £150m Over Disney Tax Avoidance Scheme
It strived to take advantage of tax legislation that is designed to promote the film industry of the United Kingdom.
02/19/2019
Greece Seeks European Commission’s Assent for Bank Plan, Sources Say
The government’s proposal is for an Italian-style model whereby debt is unloaded into special purpose vehicles which then sell bonds to investors
02/19/2019
Reform of UK limited partnership law: government response to consultation
The government is considering what will be needed to evidence this and how to apply the new rule to existing UKLPs.
02/19/2019
Société Générale in Partnership with Rugby Africa
Rugby Africa is one of the six regional associations of World Rugby, the international body that oversees the organisation of the Rugby World Cup.
02/19/2019
€17bn pension provider vows to scrutinise firms over tax payments
Fels pointed out that some of PenSam’s members worked its social and heath assistants in a tax-financed welfare sector.
02/18/2019
HMRC chases tax avoiders overseas
The search for those who owe money has been extended to countries as far afield as Australia and Madagascar
02/18/2019
European bank eyes Philippines operations
Several foreign banks have shown interest to open either a branch or subsidiary in the Philippines
02/18/2019
Brexit Update: Further clarity received from the Central Bank of Ireland
The ESMA MoU satisfies both of the requirements noted above in relation to delegation under the UCITS Regulations and AIFMD Regulations.
02/18/2019
Millions at stake in wrangle over Malta firm
Russian shareholder accused of €13m credit fraud
02/18/2019
Mifid II caused 'shakeout' of research providers
Of the investment professionals surveyed 57 per cent of portfolio managers reported sourcing less research from investment banks than before MiFID II, with research providers feeling the squeeze of a more competitive market.
02/17/2019
FCA: Firms publish new and updated data on current account services
We required firms to publish new data showing how long it takes each firm to open a current account for new customers
02/17/2019
EU Council announces agreement reached on banking risk reduction package
The agreement also introduces amendments to improve cooperation between competent authorities on matters related to the supervision of anti-money laundering activities.
02/17/2019
EU and Global Securities Regulators Welcome Asgreement on Data Transfer
ESMA and IOSCO members who exchange personal data on a regular basis will now take the necessary steps to enter into the arrangement.
02/17/2019
Arrest of Michael Calvey, an American investor, shocks Russia’s business community
Yet more damage is done to the country’s image as an investment destination