06/21/2023
Addleshaw Goddard: Financial Services & Banking News
The date for the House of Commons to further consider the Lords amendments is yet to be announced.
Legal, Regulation & Compliance
06/21/2023
Financial stability risks from the non-bank sector: thinking system wide
Speech by Lee Foulger
06/20/2023
Crispin Odey no longer regulated to deal directly with clients
Holds no regulatory approval
06/19/2023
Addleshaw Goddard: Financial Services & Banking News
The EBA believes addressing these points will be essential to protecting the EU's single market from financial crime
06/19/2023
FCA receives 43 sexual harassment reports in 5 years
Crispin Odey fired the executive committee of OAM when they tried to reign the company’s founder in after launching a formal investigation into his behaviour.
06/19/2023
Odey AM employee assets restricted by FCA
Client assets remain unrestricted
06/19/2023
FCA proposals likely to hurt smaller MPS providers
Regulation aligning wealth and fund management activities will not worry large managed portfolio service providers but could threaten smaller businesses, warn industry figures.
06/19/2023
Paris summit to push for global debt and climate reform
World leaders will gather in Paris this week with ambitions to reimagine global financing for a new era shaped by climate change, as a cascade of crises swamps debt-burdened countries.
06/19/2023
Home REIT shareholder calls for FCA probe into 'campaign of misinformation'
The Boatman Capital
06/16/2023
ESMA launches Data Strategy for the next five years
Promote data-driven supervision – Enable cutting-edge, smart and effective data-driven supervision by joint developments and use of novel technologies;
06/16/2023
FCA proposes tougher rules for cryptoasset marketing
The rules will apply to ‘qualifying cryptoassets’
06/16/2023
Unlike Fed, ECB has a way to go before hitting pause on rate hikes
Germany is in recession, and growth across the Eurozone is weak
06/16/2023
Odey Special Situations suspended following 'sizeable' redemptions
The suspension is effective from 15 June and will continue "until such time as the directors consider it appropriate to lift it".
06/16/2023
BIS and Bank of England complete CBDC project
"We believe that Rosalind can make a significant contribution to how organisations across the globe are thinking about and engaging with the design of retail CBDC systems."
06/16/2023
Hogan Lovells advises Commerzbank AG on scrip dividend of Vonovia SE
The shareholders' meeting of Vonovia SE resolved a dividend payment of EUR 0.85 per share on 17 May 2023.
06/16/2023
Addleshaw Goddard LLP: Financial Services and Banking News
The PRA asks life insurance firms to consider the findings of its review
06/15/2023
Swiss Banking Underestimates Wealth Management Risk
They did this at the same time that Swiss members of parliament have been asking for a doubling of equity requirements while also weighing up possible total balance sheet size limits relative to Swiss GDP.
06/15/2023
UK banks urged to prepare for new APP fraud reimbursement rules
Under the proposed new rules, payment firms will have to reimburse most APP fraud victims within five business days and additional protections will be put in place for vulnerable customers.
06/15/2023
Employing UK citizens in Germany
This means that UK citizens must leave Germany after 90 days of stay, unless they can show a residence permit that allows them to remain in the Federal territory.
06/15/2023
Odey Asset Management plans funds, staff moves in fight for survival
Several major banks, which provided prime brokerage services, have said they would cut ties with Odey's firm.