09/21/2017
UK banks to check 70m bank accounts in search for illegal immigrants
Immigration status is very complex, and the Home Office consistently gives out incorrect information and guidance.
Legal, Regulation & Compliance
09/20/2017
Herbert Smith Freehills - Financial regulation
PSD2: FCA Approach Document and final Handbook changes
09/20/2017
MiFID II: authorisation and variation of permissions
Such firms will therefore also need to have contingency plans in the event that by 3 January 2018 they do not have the required permissions.
09/20/2017
UK accounting watchdog clears KPMG over audit of collapsed lender HBOS, rescued in 2008 by Lloyds Banking Group
HBOS – the merged Halifax/Bank of Scotland group - had been one of the UK’s biggest lenders but required emergency government assistance to keep it afloat during the financial crisis
09/20/2017
Culture and conduct - extending the accountability regime
Speech by Jonathan Davidson, Director of Supervision – Retail and Authorisations at the FCA, delivered at City and Financial Summit, London.
09/20/2017
Retirement interest-only mortgages proposed by FCA
The customer must still be able to afford the ongoing interest payments.
09/19/2017
EU regulators approve RBS plan to help challenger banks
The plan involves the setting up of a capability and innovation fund and an incentivized switching scheme.
09/19/2017
Legal team celebrates success at awards
The awards are seen as the hallmark of quality within the legal industry.
09/19/2017
FCA finalises revised Payment Services Directive (PSD2) requirements
The Financial Conduct Authority has today published its approach to implementing the revised Payment Services Directive.
09/19/2017
European Commission approves Nordea and DNB plans to enter into a merger in the Baltics
The transaction will not affect customer service and business will continue as usual.
09/18/2017
Linklaters launches key client committee to ‘coalesce the force’ of the firm
Banking head Tony Bugg chairs new committee as Moore continues strategy roll out
09/18/2017
Covington Has Irish Eyes in Brexit's Aftermath
The Dublin legal scene is abuzz with rumors about which firm will be the next to enter the city.
09/18/2017
Irish Loan Origination Funds 2017
LO Funds are restricted from purchasing existing loans from credit institutions in certain circumstances.
09/18/2017
Philanthropy in action: Novak Djokovic Foundation and Withers Worldwide
The participants shared their experiences of the key issues that arise when advising and establishing international charitable foundations together with their take on some recent trends in philanthropy.
09/18/2017
Non-dom changes: clarity at last?
As part of these changes introduced with effect from 6 April 2017, trusts will essentially become roll-up vehicles for income and capital gains, even once the non-doms have become UK deemed domiciled for UK tax purposes under these new rules.
09/18/2017
New licence enhances SANNE’s European funds capability
The granting of this licence to SANNE highlights our credentials as a trusted provider of administration services.
09/18/2017
CMA Investigates Asset Management Sector
Views and supporting evidence can be submitted to the CMA through their case page.
09/18/2017
Russian Central Bank Officials Question Plans to Legalize Cryptocurrency
China does not recognize cryptocurrency as a form of payment.
09/15/2017
UK's pension investment advisers to face full competition probe
Investment consultants advise pension schemes, charities, endowment funds and insurers on their investment strategy and choice of investment managers and funds.
09/15/2017
Asset Management Market Study: FCA makes MIR to the CMA
The FCA has confirmed its final decision to make a market investigation reference (MIR) to the Competition and Markets Authority (CMA) regarding investment consultancy services and fiduciary management services.