09/02/2024
75% of top UK law firms promote their use of AI to clients
79% of UK lawyers said that they expect that AI will have a transformative effect on the legal profession
Legal, Regulation & Compliance
08/30/2024
Markets increasingly sensitive after strong performance in early 2024
There remains a high risk of corrections in a context of fragile market liquidity, in equity and in other markets.
08/30/2024
Application date approaching for ESMA's guidelines on funds' names
ESMA, the EU’s financial markets regulator and supervisor, has published the translations [1] of the Guidelines in all official EU languages.
08/30/2024
The new UK Listing Rules: what does this mean for Jersey companies?
The new listing rules which impact listings on the Main Market (as opposed to AIM) provide a simplified regime, which, coupled with the flexibility of Jersey companies, could make an attractive combination.
08/30/2024
EBA issues Opinion on a measure to address macroprudential risk following a notification by the De Nederlandsche Bank
Based on the information provided by the DNB, the EBA does not object to the extension of the measure.
08/29/2024
FCA announces work into pure protection market
The FCA has concerns that the design of commission arrangements may not allow firms to deliver good outcomes to policyholders.
08/29/2024
NY regulator fines Nordea $35M over AML failures
The fine will have “no material impact” on Nordea’s financial position, the bank said.
08/28/2024
Former Barclays banker banned from top City job: Thomas Kalaris labelled 'dishonest' as he loses appeal
Saranac appealed, with a hearing held in July and yesterday the Upper Tribunal in London upheld the regulator’s decision to ban Kalaris.
08/28/2024
FCA to launch selling probe into commission practices on protection products
The FCA will focus primarily on the sale of four specific types of products
08/27/2024
European Banks’ CRE Valuations Likely to be Revised Down After ECB Findings
Some banks also used multiple valuations methods and averaged the results, without challenging the suitability of the methods for specific properties.
08/27/2024
FINMA recognises minimum standards for the training and further education of insurance intermediaries
FINMA will monitor the application of the new self-regulation
08/27/2024
Slimline Bank of England boss Bailey gets in shape after battle with the pounds
Bailey responded to a question about his new slimline appearance by admitting that his efforts to get his weight down have been yielding results.
08/23/2024
The Transition Period for ESMA’s Guidelines on Funds’ Names Has Commenced
Any new funds created on or after the Application Date are expected to apply these Guidelines from launch.
08/23/2024
Dentons advises lenders on financing for KKCG following its acquisition of Avenga
The financing will be used by KKCG’s Technology pillar to refinance existing loans used for the recent acquisition of Avenga
08/23/2024
Deutsche Bank reaches settlements with a large share of the plaintiffs in Postbank takeover litigation matter
Among the plaintiffs who agreed to a settlement is also the largest individual plaintiff in these proceedings, representing about one third of all claims.
08/23/2024
Sharp slowdown in wage growth boosts ECB rate cut hopes
Olympic boost can’t cover up the ongoing crisis in eurozone manufacturing.
08/23/2024
Asset Managers Split on Potential Impact of New FCA Rules on Investment Research
The survey aimed to gauge asset managers’ reaction to the final rules and to see whether the FCA’s changes to their initial proposals will change the industry response.
08/22/2024
Greater focus on pay equity and transparency under new Labour government
The infrastructure sector reported the biggest pay gap of 21.4%, when compared against the financial services, energy, manufacturing, universities and telecommunications sectors.
08/22/2024
FCA warns insurers over fair value and good customer outcomes
The Duty requires firms, including insurers, to ensure consumers are at the heart of their business and must act to deliver good outcomes for them.
08/22/2024
Greater focus on pay equity and transparency under new Labour government
The infrastructure sector reported the biggest pay gap of 21.4%, when compared against the financial services, energy, manufacturing, universities and telecommunications sectors.