06/15/2023
FCA imposes restrictions on 10 firms amid increased AR scrutiny
They also generated up to 400 per cent more supervisory cases and complaints than other directly authorised firms.
Legal, Regulation & Compliance
06/15/2023
Addleshaw Goddard: Financial Services & Banking News
The data covers the period between April 2022 and March 2023 and details the volume of complaints the FOS has received and the overall uphold rates.
06/15/2023
FCA restricts ten principals following introduction of tougher rules
Over last six months
06/15/2023
ECB meets expectations with 25bps hike
Highest since 2001
06/14/2023
Carey Olsen advises EG Group on £2.27 billion majority sale to ASDA
Carey Olsen advised the EG Group alongside onshore law firm Skadden, Arps, Slate, Meagher.
06/14/2023
Price and monetary policy transmission in a globalised economy − speech by Swati Dhingra
Given at Manchester Metropolitan University
06/14/2023
Three individuals face charges for unauthorised sale-and-rent-back schemes
Rent payments can go up during the tenancy and people may be evicted if they fall behind on payments.
06/14/2023
Statement following Upper Tribunal decision in case against 3 individuals
These were serious failings so it was clearly in the public interest for us to examine the conduct of the individuals who were most closely involved.
06/14/2023
Stephenson Harwood (Singapore) Alliance advises ABN AMRO Bank and CACIB on US$160 million sustainability-linked loan
The SLL includes a sustainability-linked margin adjustment with two key performance indicators: one linked to reducing fleet emissions and the second to increasing the number of female seafarers in BWEK's employment.
06/14/2023
CS seeks dismissal of Mozambique case in London
The bank and other parties are being charged for their role in arranging $2 billion in loans and borrowing for the country in 2013.
06/14/2023
Ex-Julius Baer employees win appeal over British ban
The three ex Bank Julius Baer employees appealed against the proposed bans to London's Upper Tribunal, which on Tuesday allowed their appeals, asking the regulator to reconsider whether a ban should be imposed.
06/14/2023
HanseMerkur Trust Swiss receives Finma licence
The company is a subsidiary of a Hamburg health insurance provider.
06/14/2023
Odey Asset Management freezes funds as clients pull money, prime brokers flee
Crispin Odey has denied the allegations of misconduct, which were jointly reported by the Financial Times and Tortoise on Thursday.
06/13/2023
Completion of large banks merger brings clarity and stability
FINMA will continue to supervise the merged large bank very closely during the integration process.
06/13/2023
HMRC writes to UK residents named in Pandora Papers leak
They have been warned to report all their overseas income and gains they owe tax on or face penalties
06/13/2023
EU horizontal cooperation rules and guidelines adopted after delay
The updated horizontal guidelines and HBERs are welcome as they help to clarify the European Commission’s views in relation to some highly complicated and dynamic areas of competition law.
06/13/2023
New Conversion and Division Options for EU Limited Companies
The Mobility Regulations update the current cross-border merger regime
06/13/2023
Malta Financial Services Authority publishes draft legislative changes to new proposed regime
The MFSA invites stakeholders to provide their feedback on the proposed legislative changes by 22 June 2023.
06/12/2023
BoE rate setter Haskel: 'Further increases in interest rates cannot be ruled out'
Inflation remains ‘too high’
06/12/2023
Lex Greensill and former Credit Suisse bankers face Swiss criminal case - reports
Funds linked to Greensill Capital