04/28/2021
BofA Hit Hardest as EU Fines Bond-Trading Trio $34 Million
The survey also noted nearly half of business owners will be prepared to pay for staff to be vaccinated for Covid on an annual basis, should this become an option.
Government Regulation
04/28/2021
KPMG disputes leaked emails linking firm to offshore companies suspected in massive Ponzi scheme
Isle of Man shell companies protecting identity of wealthy Canadians
04/28/2021
It’s time for offshore jurisdictions to have cross class cram downs in the restructuring toolkit
A plan could be imposed on one or more dissenting classes of senior creditor where approved by a class of junior creditor so long as it can establish that in the relevant alternative they would have a genuine economic interest in the company.
04/28/2021
Practical guides on avoiding a referral to the JFSC
In this series of user-friendly guides, our regulatory team walk you through the key topics of how to avoid a referral, what to do if you are referred, how best to identify and manage conflicts of interest and how your firm should approach AML to ensure c
04/28/2021
Proposal for EU Regulation of Artificial Intelligence published
The regulation has vast implications for industry across numerous sectors around the world
04/28/2021
Financial Regulation: Daily Update
The European Commission (EC) has published a draft Implementing Regulation on the extension of the transitional provisions related to own funds requirements for exposures to central counterparties (CCPs).
04/27/2021
EU Taxonomy Regulation: Climate Technical Screening Criteria a step closer to the statute books
The European Commission’s announcement on 21 April 2021 that it has reached political agreement on the climate TSC moves us closer to a green classification framework.
04/27/2021
Firm Supports Institute for Well-Being in Law as an 'Inaugural Founding Champion
Backing underscores the firm’s commitment to advancing well-being in the profession.
04/27/2021
Funds & Investment Management Update - Ireland and Luxembourg - Q1 2021
On 1 March 2021, the European Banking Authority ("EBA") published its final report with revised guidelines on customer due diligence
04/27/2021
Financial Recovery Technologies Enters into a Strategic Alliance with BNY Mellon
This alliance ensures BNY Mellon clients have the most complete coverage and governance solutions to optimize their exposure to litigation opportunities.
04/27/2021
Battea Class Action Services and Apex Group partnership offers clients securities litigation recovery services
This partnership will provide Apex Group’s institutional clients, including hedge funds and asset managers, with access to Battea’s “best in class” claims processing technology
04/26/2021
AIIB launches sustainability bond framework
Under the framework, AIIB will publish its annual reports on of the environmental and social benefits of the Bank's overall portfolio level and project level on its website.
04/26/2021
European Data Protection Board issues opinions on European Commission’s draft UK adequacy decisions
The Opinions largely support the draft UK adequacy decisions and represent a positive step towards adoption of formal UK adequacy decisions.
04/26/2021
Cayman Islands Private Funds Act Extension to Filing Deadline for Audited Accounts
The Regulations set out the information a registered private fund must provide to CIMA, including in respect of each of the fund’s related fund entities, alternative investment vehicles and sub funds.
04/26/2021
Financial Regulation, Transparency, and Compliance: Switzerland in the top tier yet again
Given the importance of the banking sector for countries like Switzerland or the UK, the index documents and highlights efforts and developments relative to other financial centers.
04/26/2021
Tributes to “trailblazer” who paved way for Jersey women in law
She was then sworn in as an Advocate of the Royal Court in August 1968.
04/26/2021
The European Commission Unveils New Sustainable Finance Package
The package focuses on material sustainability reporting and disclosure obligations, as the EU looks to direct capital toward sustainable activities.
04/23/2021
Protection of Depositors (Amendment) Act, 2020
The Fund was established in 1999 to provide a crucial financial safety net of up to $50,000.00 for Bahamian dollar depositors in the event that a licensed bank fails.
04/23/2021
Guernsey funds team assists Chrysalis Investments with £300 million share issue
This latest share issuance is the first under this new Placing Programme.
04/23/2021
UAE introduces guidelines to combat anti-money laundering
The guidelines are set to be published on the NAMLCFTC and other regulatory bodies’ websites, to increase knowledge of the rules and ensure action by licensed entities.