04/02/2024
Stuart Bayes found guilty of insider dealing 
Mr Bayes was employed as a site manager at UK plastic manufacturer, RPC Group Plc (RPC).
Legal, Regulation & Compliance
04/02/2024
What is so ‘groundbreaking’ about the UK-Switzerland Berne Financial Services Agreement?
Under the principle of deference, UK and Swiss firms will be able to provide specific financial services in the host country
04/01/2024
European banks believe EU SEPA instant timelines are unrealistic
Nearly a third aren’t confident of meeting EU deadlines and 77% of banks think the benefits of instant payments outweigh the costs
04/01/2024
The third phase of UK Charities Act 2022 reforms
Trusts and unincorporated associations can now amend their governing documents using a new statutory power.
04/01/2024
Bank of England, FCA, PRA and PSR conduct 2023 review of Memorandum of Understanding for payment systems in the UK
The MoU continues to set out the high-level framework the Authorities use to cooperate in relation to payment systems in the UK.
03/28/2024
The EBA launches call for papers for its 2024 Policy Research Workshop
The workshop aims at bringing together economists and researchers from supervisory authorities and central banks
03/28/2024
Technology Working Group publish second fund tokenisation report
The City Minister’s industry group for examining the impact of technology on the UK’s investment management sector publishes its second report.
03/28/2024
The Supreme Court determines the exposure of overseas websites to UK trade mark infringement claims
The case impacts any overseas website selling into the UK market
03/28/2024
Carey Olsen and Oakbridge Advise Sullivan Street Partners on Wave Group Investment
The Carey Olsen team advising Sullivan Street Partners comprised corporate partner Chris Griffin and associate Marco Carossa.
03/27/2024
SG money laundering suspect charged with submitting fake docs to Julius Baer
Turkish national suspect Vang Shuiming faces six new charges, including using forged financial statements to open an account at the Swiss private bank's Singapore branch.
03/26/2024
DWP closer to making dashboard a reality as it sets out timeline
Spearheaded by the Department for Work and Pensions, it will allow people to see all their pension information, in one place for free.
03/26/2024
FINMA assesses Zürcher Kantonalbank's emergency plan as feasible
The issuance of bail-in bonds worth around CHF 1.5 billion in 2023 helped Zürcher Kantonalbank to fully build up the required gone concern funds
03/26/2024
Addleshaw Goddard Financial Services & Banking News
Tranche 3 of the programme will continue to review assimilated law repealed by FSMA 2023
03/26/2024
Clyde & Co offers Credit Suisse AT1 bondholders opportunity to seek effective public international law remedy
Clyde & Co is now planning to launch a series of investment arbitration claims
03/25/2024
The FCA’s asset management priorities
Revised areas of focus
03/25/2024
Four individuals charged over suspected water scam
The 4 individuals allegedly ran an unauthorised investment scheme, which defrauded investors out of £3.9 million.
03/25/2024
ESMA fines Scope EUR 2,197,500 for breaches of conflict of interest obligations
ESMA will continue to focus on ensuring that credit rating agencies comply with all of their responsibilities, including those relating to conflicts of interest.
03/25/2024
FINMA proceedings: Banque Audi (Suisse) SA violated money laundering regulations
In addition, FINMA has ordered the disgorgement of profits totalling CHF 3.9 million and a capital surcharge of CHF 19 million.
03/25/2024
BLKB subsidiary starts with comprehensive real estate advice
The Swiss real estate sector has a major influence on environmentally relevant factors
03/25/2024
FCA: We’ll inspect private asset processes this year
The regulator tells investment companies that it will visit fund managers this year to probe their valuation practices for private equities and unquoted assets.