08/28/2018
Metro Bank pays another £2.8m to firm owned by chairman’s wife in deal that casts doubt on its claim to be different to rivals
The latest £2.8m was given to InterArch for its work during the first six months of 2018.
Legal, Regulation & Compliance
08/28/2018
France, Germany mull over independent financing system to sidestep US bans
Echoing Le Maire’s stance, German Foreign Minister Heiko Maas said work had already begun on creating a European payment system independent of the SWIFT global payment network.
08/28/2018
Govt to crackdown on phoenixed firms
Business minister Kelly Tolhurst said: "The UK is a great place to do business with some of the highest standards of corporate governance.
08/28/2018
Former Rangers players and managers face paying millions of pounds to taxman
BBC Scotland says a letter sent earlier this month by Trident Trust, a Jersey-based company has issued warnings.
08/24/2018
HMT: Guidance for the financial services sector in the event of 'no deal'
For two years, the government has been implementing a significant programme of work to ensure the UK will be ready from day 1 in all scenarios, including a potential ‘no deal’ outcome in March 2019.
08/24/2018
French couple thought they had invested in factories and not factoring: Lumiere trial
The former financier stands accused of losing £2.7m of money from clients by knowingly getting them to invest in a high-risk company. He is facing 18 charges, all of which he denies.
08/24/2018
CSSF declares (renewed) interest in EMIR compliance
To put the press release into context, the latest updates to the EMIR reporting framework entered into force on 1 November 2017.
08/24/2018
Senior executives and the ongoing battle for equal pay
Equal pay claims can be brought in the civil courts up to six years after the employment ends so both current and former employees may have relevant information.
08/24/2018
FCA innovation dept grows 350% to keep up with robo-advice services
As a result, the FCA has required many of the robo-advisers which took part to make “significant changes” to their businesses.
08/24/2018
Linklaters settles dispute with former Arsenal investor
Professional services firm Deloitte, which was also targeted in the case, has been contacted for comment.
08/23/2018
Senior bond’s €750m boost to Bank of Ireland
“The high quality of investor demand for this five-year senior unsecured bond strongly underlines the group’s ability to access funding from international capital markets,” Bank of Ireland said.
08/23/2018
The BOE's got no problem
UK labour market stats since then indicate that it doesn't have to wait until 2019 for that slack to close.
08/23/2018
ESMA defines disclosure standards under Securitisation Regulation
These TS contain detailed arrangements to implement the new European regulatory framework for securitisations, which is intended to promote simple, transparent and standardised securitisations.
08/23/2018
FCA wins case over register 'inaccuracy'
The original complaint related to an adviser and his wife who were directors of one firm which was an appointed representative of an another until 2004.
08/23/2018
Fintech Without Borders: Regulators Consult on Global Financial Innovation Network
The Consultation builds on the FCA’s proposal earlier this year to create a “global sandbox” for innovative financial services firms.
08/23/2018
Ignition Select declared in default by FSCS
At the time it appointed Begbies Trainor as administrator.
08/23/2018
Corporate compliance in Ireland is easy – but not complexity free
While Ireland is leading the way for ease of corporate compliance, the country is not complexity-free.
08/23/2018
Fieldfisher has expanded its Chinese operations
The new partners include Zhongran Lian who specializes in commercial arbitration and litigation with over 30 years of experience advising both state owned and private companies.
08/22/2018
Legal tech project recruits big City firms
Among other participants are nine small and medium-sized local law firms, two corporate counsel and nine legal tech companies.
08/22/2018
Allianz Life announces partnership with Envestnet
We have consistently heard from advisers that they want to offer more holistic solutions to help their clients achieve their financial goals."