03/17/2022
RiskAvert enriched with new capabilities for NPE and IRRBB ahead of final regulatory announcement
This newly launched version of IRRBB is introduced well ahead of the final regulatory technical standard
Legal,Regulation,Tax & Compliance
03/17/2022
Tech executives face jail time sooner under tougher online rules
The government has also announced that executives whose companies fail to cooperate with Ofcom’s information requests could now face prosecution or jail time.
03/17/2022
Core role of Irish regulator in EU data protection cases highlighted
The purpose of the mechanism is to allow businesses to deal with just one data protection authority in relation to their EU operations, as opposed to DPAs across all EU member states.
03/16/2022
QCB studying digital currencies and digital banking: Official
In the next couple of months, there will be greater understanding about the future focus of QCB.
03/16/2022
Your Will, your legacy: what happens if I own cryptocurrency on death?
A plan could involve appointing a particular individual with some knowledge of crypto to be an executor or to be a trustee of a will trust
03/16/2022
Fintechs call for open banking body to be ‘weaponised’ and simplified as CMA mulls its future
City A.M. understands the CMA is now set to deliver a verdict on the governance of open banking and the long term future of the OBIE next week.
03/16/2022
Cryptoasset scams double in 2021
The regulator is also consulting on rules proposing to treat unregulated cryptoassets as a high risk investment for these purposes.
03/15/2022
Biden Executive Order Calls for Regulatory Proposals on Digital Assets and Central Bank Digital Currency
Financial stability risks and regulatory gaps posed by various types of digital assets.
03/15/2022
Hill Dickinson advises Maven on US$8.3m co-investment deal into fintech Delio
The software enables financial institutions to offer a more intuitive investment experience, enhance their operational efficiency and gather invaluable user insights.
03/15/2022
Tencent Faces Possible Record Fine for Anti-Money-Laundering Violations
China’s central bank found regulatory breaches and lapses during recent inspection of the ubiquitous payments network
03/14/2022
Court dismisses FCA appeal on ipagoo and finds no trust in e-money regulations
E-money holders may not hold a proprietary interest in the relevant funds but they could still benefit from rights over the firm’s assets in priority to other creditors.
03/14/2022
Joint statement from UK financial regulatory authorities on sanctions and the cryptoasset sector
The FCA has already written to all registered cryptoasset firms and those holding temporary registration status to highlight the application of sanctions on various entities and individuals.
03/14/2022
Supreme Court finds in favour of right to privacy for those subject to criminal investigation
The Court of Appeal upheld this decision.
03/14/2022
Mauritius: An Overview of the New Regulatory Framework of Virtual Assets and Initial Token Offerings
On 17 September 2018, via a guidance note, the Financial Services Commission (FSC) recognised digital assets as an asset-class for investment by sophisticated and expert investors.
03/13/2022
Warning on illegal crypto ATMs operating in the UK
The judge concluded that there was a ‘lack of evidence as to how Gidiplus would undertake its business in a broadly compliant fashion’.
03/11/2022
SEC Proposes Amendments That Would Place New Cybersecurity Reporting and Disclosure Requirements on Public Companies
The comment period for this proposal is open to the public until the later of May 9, 2022, or 30 days after publication in the Federal Register.
03/11/2022
EU Data Act: new rules for data exchanges between businesses, users and third parties
Data generated by using online or mobile services are of equal economic value, for example data from any app using location data.
03/11/2022
Gibson, Dunn & Crutcher LLP Advises KKR Next Generation Technology on its Growth Investment in +Simple
KKR led the growth financing round with participation from +Simple’s founders, Tikehau Capital and existing investors Eurazeo and Speedinvest.
03/11/2022
Mayer Brown advises on sale of majority stake in Theobald Software
The partnership will further Theobald Software GmbH's growth into new markets.
03/11/2022
Goldman Sachs eyes stake in Nucleus
First reported by Sky News, sources have since confirmed the firms involved in the share sale and the combined value to FTAdviser. Nucleus declined to comment.