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.
Legal, Regulation & Compliance
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.
03/13/2023
FCA confirms help for struggling mortgage borrowers and reveals rosier forecasts
FCA confirms help for struggling mortgage borrowers and reveals rosier forecasts
03/13/2023
Will the European Central Bank signal further rate rises are coming?
Some ECB-watchers think that after eurozone inflation overshot expectations in February — with core price growth excluding energy and food accelerating to a new record high — the bank will want to signal that significant rate hikes lie ahead.
03/13/2023
FINMA sees no sufficient grounds for proceedings following investigations into statements on outflows of client funds at Credit Suisse
Against this background, FINMA is informing the public about its activities in this matter. FINMA has investigated whether the statements give rise to indications of a violation of financial market law, which must be clarified within the framework of supe
03/13/2023
UK Digital Markets, Competition and Consumer Bill could have major impact on subscription providers
The UK’s Competition and Markets Authority (CMA) also actively enforces consumer protection law and has previously investigated auto-renewal subscription contracts involving anti-virus software and published guidance in this area.
03/13/2023
Bank of England report on climate-related risks and the regulatory capital frameworks
This report sets out the Bank's latest thinking on climate-related risks and regulatory capital frameworks.
03/13/2023
FCA: As a regulator it's hard to tell people ‘prices will go up’
Sometimes it's hard, as a regulator, for you to say that to people, your prices will go up.
03/13/2023
Hargreaves Lansdown calls for Lifetime Isa penalty to be reduced
A penalty is incurred when a consumer draws money from a Lifetime Isa, or transfers the savings to another type of Isa before age 60.
03/10/2023
FCA takes further action against unregistered crypto ATMs in East London
Crypto ATMs operating without FCA registration are illegal and, as today shows, we will take action to stop this.
03/10/2023
Philippe Donnet receives the Foreign Policy Association’s Corporate Social Responsibility Award
The award is a recognition of the Generali Group CEO’s commitment to sustainability
03/10/2023
FCA authorises first Long Term Asset Fund
The FCA is currently inviting views on ideas about how to further improve asset management regulation with a more modern and tailored regime, to make sure the regime takes account of developments in technology and supports innovation.
03/10/2023
ESMA and ACER update Memorandum of Understanding to strengthen cooperation
The MoU notably incorporates new cooperation areas under the market correction mechanism (MCM) Regulation and benchmarks related to the energy sector.
03/10/2023
Norway's wealth fund investigates firms suspected of financial crime
The Norwegian fund is forbidden by parliament from investing in companies that produce nuclear weapons, landmines or tobacco, or that are implicated in crimes such as money laundering, tax evasion or human rights violations.
03/10/2023
4 bankers have been accused of helping Putin launder $50 million
Putin is believed by some to have accrued vast wealth during his time as Russian leader.