12/16/2020
The Commission’s proposal would enable insurers to purchase green assets in the knowledge that long-term green assets are considered suitable to meet long-term liabilities whilst maintaining policyholder protection.
12/16/2020
The FCA is advising customers of cryptoasset firms which should have applied to the FCA, but have not done so, to withdraw their cryptoassets or money before 10 January 2021.
12/16/2020
The Statement may be subject to change in the event of a free trade agreement being reached and mutual equivalence decisions being taken.
12/15/2020
Barclays has pro-actively redressed these customers, paying over £273 million to at least 1,530,000 customer accounts since 2017. The redress programme is close to completion.
12/15/2020
The virus has taken more than a million lives, and hundreds of millions more have been altered forever by rising poverty, massive job losses, and interruptions to education.
12/15/2020
UK Immigration Post-Brexit
Those wishing to work or stay in the UK for longer will need to apply for a visa under the new immigration system.
12/14/2020
A ‘wealth tax’ is broadly a charge on a person’s assets, in contrast to the majority of taxes that are charged when cash or assets move between parties.
12/13/2020
Feedback is requested by 18 January 2021.
12/11/2020
The amendments to the Code of Obligations, the Federal Intermediated Securities Act and the Federal Act on International Private Law that are envisaged in the DLT bill will now enter into force from 1 February 2021.
12/11/2020
The Principles for Responsible Banking set out the banking industry’s role and responsibility in shaping a sustainable future
12/11/2020
The business to be acquired includes 2.4 million policies, USD 3.6 billion net written premiums in 2019 and 3,500 employees.
12/11/2020
Every settlor’s or founder’s circumstances are different.
12/11/2020
The framework conditions should be designed to ensure that the competitiveness of the Swiss financial centre is continuously improved and that the financial centre can make an effective contribution to sustainability.
12/10/2020
Dutch Probe Looms for New UBS Boss
The renewed scrutiny of him stems from a legal challenge to the 2018 settlement – which ironically came out in the bank's favor.
12/10/2020
Brits to be barred from EU after 1 January – here’s why
An EU commission spokesman last week said there were no plans to extend that to the UK. “This is a decision for the council to make,” he said.
12/10/2020
It said ING had acted to prevent further violations and acknowledged the serious problems at the bank.
12/10/2020
Offshore fund finance in 2020, the year in review
Within that more global trend, we set out below some brief thoughts and highlights from each of our respective jurisdictions over the last 12 months.
12/10/2020
The Financial Services (Disclosure and Provision of Information) (Jersey) Law 2020, due to come into force on 6 January, establishes a new, central register of beneficial owners and significant persons of certain types of entities.
12/10/2020
Around 180 CEES employees, including the senior management team, will join JTC at completion, becoming part of the company’s Institutional Client Services (ICS) Division.
12/10/2020
A series of projects and events are being set up to bring together relevant actors in the Alpine region, including ‘MoVe the Alps', an international conference on cycle tourism scheduled for April 2021.