03/21/2023
Pension Scams Industry Group publishes guidance on transfers
The guide clarifies the situation around discretionary transfers and navigating instances where a red or amber flag may exist, and so should speed up genuine pension transfers.
Legal, Regulation & Compliance
03/21/2023
Credit Suisse impact on Italian banking system "insignificant" - minister
Some of the world's largest central banks came together on Sunday to try to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group to buy rival Credit Suisse for $3.23 billion and assume up to $5.4 billion in losses in a histor
03/20/2023
Two major banks in Europe look to regulators to stem contagion risk
The two banks have held their own internal deliberations on how soon the European Central Bank should weigh in to highlight banks' resilience, specifically their capital and liquidity positions, the people said.
03/20/2023
UK finance minister, Bank of England governor in contact over Credit Suisse - source
The UK has been a key market for the Swiss lender.
03/20/2023
ECB stands resolute and hikes rates
Central bank increases interest rates despite concerns over financial stability.
03/20/2023
EU regulators express disagreement over AT1 bonds wipe-out by Swiss authorities
$17bn wiped out
03/20/2023
Central banks boost dollar liquidity to ease banking crisis
Joint action between six central banks
03/17/2023
Irish FinTech Regulation Focus 2023 - Six Key Areas
This sector continues to see significant growth
03/17/2023
The impact of the EU’s Alternative Investment Fund Managers Directive (AIFMD) on structures established in Luxembourg: What steps must be taken to comply with the Directive?
Specific requirements are applicable with respect to the members of the management body
03/17/2023
ECB puts faith in banking sector after latest rate rise
If inflation fails to come down swiftly this year, the bank could find itself with two competing forces – a struggling financial system that will impact on economic growth versus sticky inflation that shows no sign of returning to target.
03/17/2023
OECD: Central banks should continue to hike rates
Fight to bring inflation down
03/15/2023
Review of the national policy statement for ports
Announcing a review of the national policy statement for ports.
03/15/2023
Addleshaw Goddard: Financial Services & Banking News
This consultation is relevant to banks, building societies, PRA-designated investment firms and PRA-approved, or PRA-designated, financial or mixed financial holding companies.
03/15/2023
Budget 2023: Chancellor scraps lifetime allowance
The lifetime allowance has been hit by a series of cuts and freezes by the government since it peaked at £1.8mn.
03/14/2023
Maples Group's London Funds Team wins Hedgeweek Award
The Group's London office recently celebrated its 25th anniversary and has a strong reputation as market leader in legal and professional services providing top-tier expertise and knowledge.
03/14/2023
Which UK Funds Have Exposure to SVB?
Nearly 200 UK funds have exposure to Silicon Valley Bank but the portfolio weighting is small
03/14/2023
UK to respond with “swift and robust action” to any Chinese aggression
Some £3bn will go on defensive nuclear abilities and almost £2bn will boost arms stockpiles.
03/14/2023
Businesses await Hunt’s UK spring Budget
When Hunt sets out his spring Budget on Wednesday, he will do so buoyed by recent improvements to the UK’s short-term economic outlook.
03/14/2023
Bundesbank holds crisis talks over SVB collapse but ECB stands firm
German central bank, Bundesbank convened its financial crisis team on Monday over Silicon Valley Bank's collapse, despite the ECB holding off
03/13/2023
EU and UK action shows role for sanctions in tackling gender inequality
The move means nine individuals and three organisations will have their assets frozen in the EU, while four individuals and one entity will have their assets frozen in the UK.