12/15/2021
Today's strategy aims at tackling the challenges arising from the increased volume and complexity of the data required to oversee the financial system.
12/15/2021
In light of the discontinuation of LIBOR, trustees should ensure that, going forwards, interest rates are no longer linked to LIBOR for any new loan relationships.
12/14/2021
This is the first time the FCA has pursued criminal charges for money laundering failings.
12/14/2021
The Proposals also contain changes to the UCITS Directive, as considered in this update.
12/14/2021
This bulletin sets out 10 key changes which will be implemented under the New Law.
12/14/2021
Funds and advisers should also monitor and manage any conflicts of interest associated with the transition
12/14/2021
Businesses will then have a grace period of six months from the date of the Regulations to bring their organisations into compliance with the DP Law meaning enforcement is likely to commence from September 2022.
12/14/2021
The introduction of a CRO is a welcome step to further enhance the Cayman Islands as an international restructuring jurisdiction.
12/14/2021
In some cases data subjects will need to be notified.
12/14/2021
The objective of a corridor risk assessment is determining the money laundering (ML) and terrorist financing (TF) risks of remittances in a corridor
12/14/2021
The FCA will ensure that any significant decisions on redress made in the future will be transparent, with appropriate governance, and supporting evidence will be properly recorded.
12/13/2021
The Proposals also contain similar changes to the UCITS Directive to align delegation, liquidity risk management and regulatory reporting more closely
12/13/2021
The Paris appeals court is set to rule on whether to confirm or adjust the penalty against Switzerland's largest lender, which was imposed after an initial trial in 2019.
12/13/2021
Going forward, the UBOs’ particulars shall be submitted annually together with the annual returns, failing which the annual returns will not be deemed as being filed.
12/13/2021
It was one of the top ten private traditional Chinese medicine healthcare service providers in China in 2020.
12/13/2021
Finance firm Aztec has confirmed it will lease 75% of the 68,000sq-ft office building, the construction of which is due to start immediately and with proposed completion targeted by November 2023.
12/12/2021
The PRA and FCA expect firms to carry out systemic reviews of their equity finance businesses and the risk management practices and controls deployed in those businesses benchmarked against the finding set out in the annex.
12/12/2021
To that end, the EBA conducted a survey amongst a sample of 70 financial institutions from 12 Member States.
12/12/2021
FinCEN strongly encourages all interested parties, including those that would be affected by the proposed beneficial ownership information reporting rule, to submit written comments.
12/12/2021
Few jurisdictions in the United States require legal entities to disclose information about their beneficial owners—that is, the people who actually own or control a company—or the persons forming them.