12/13/2018
FCA proposes changes to facilitate investment in patient capital
The DP does not propose any changes to the authorised fund rules.
Legal, Regulation & Compliance
12/13/2018
Government reverses suspension of Tier 1 Investor visa but confirms route will be reformed
The reason for this turn of events is unclear, although there are indicators that the retraction is the result of opposition by other Government departments
12/12/2018
US anti-money-laundering bill could reappear early next year
Critics say the proposed law, which stalled following the US mid-term elections, would place an unnecessary burden on dealers
12/12/2018
The ‘clear pattern’ to Deutsche Bank’s mounting legal woes
Christian Sewing’s ‘new era’ hamstrung by repeated emergence of lender’s past problems
12/12/2018
Basel Committee publishes updated Basel III disclosure requirements
The standard incorporates feedback collected during the February 2018 public consultation from Pillar 3 preparers and users. In particular, the CVA disclosure requirements have been substantially streamlined.
12/12/2018
Walkers Hedge Funds Trends - Part 1
All data, unless referenced, is taken from Walkers' in-house investment funds survey.
12/12/2018
Major European Banks Named in Alleged Frauds By Innovatis Group
Several well-known banks are named in the Austrian and Colorado indictments as providing loans or other banking and investment services to Lasshofer.
12/12/2018
European Central Bank bond buying legal, EU top court rules
The ECB had hoped that by buying government bonds, as part of its wider “quantitative easing” program, it would lower the interest rates faced by heavily-indebted members that were struggling to borrow more money at competitive rates on the ma
12/12/2018
US, UK to sign re/insurance agreement as Brexit looms
The agreement between the EU and the US eliminated collateral and local presence requirements for qualified reinsurers and facilitated the exchange of information between EU and US supervisors. It also included prudential benefits.
12/12/2018
FCA authorisation processing time continues to fall
Addressing the most recent figures, the FCA said that in recent months the number of applications being handled had outpaced the number being received, which meant the number in progress had fallen.
12/12/2018
UK government slammed for U-turn on ‘golden visa’ suspension
Millions of pounds of investment potentially put in jeopardy
12/12/2018
Nordic group sheds half of wealth unit in strategic deal
The companies have entered into a call and put option agreement, which could see Catella sell more of its position or Söderberg & Partners buy more if appropriate.
12/11/2018
FCA warns managers of wholesale banking and asset management firms have limited familiarity with cyber risks
Firms reviewed by the FCA generally lacked Board members with strong familiarity or specific technical cyber-expertise.
12/11/2018
France's Macron Promises Wage Rises, Tax Cuts Amid Yellow Vest Protest
Reactions from the protesters, who have mounted roadblocks around France since mid-November wearing the fluorescent yellow safety tops that have become their symbol, were not as clear.
12/11/2018
Credit Suisse Suspected of Failings in Wealth-Manager Probe
This is the second fraud case in recent years in the Swiss city involving client assets at Credit Suisse.
12/11/2018
Guernsey Finance prepares to update industry on progress
Last year’s update was our most comprehensive yet and the response was excellent, with our highest-ever attendance by some distance.
12/11/2018
Jersey passes Brexit contingency plan laws
Legislation means the channel island avoids inclusion in the EU blacklist for tax havens
12/11/2018
Milestone for insurers as they come under the Senior Managers and Certification Regime
The extension of the SM&CR will ensure that all staff understand who has ultimate and overall responsibility.
12/11/2018
ECB supervision at 5: challenges, opportunities and wishes
Speech by Ignazio Angeloni, Member of the Supervisory Board of the ECB, at the Official Monetary and Financial Institutions Forum, London 10 December 2018
12/11/2018
Top EU court gives all-clear for ECB bond-buying
While the judgement is a relief for the ECB, it is economically almost moot as the 2.6-trillion euro scheme is set to end this month.