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Showing 81 - 90 of 964 matches filtered by 'Banking and finance'

  • The ESA publishes report on innovation facilitators

    On 7 January 2019, the European Supervisory Authority (“ESA”) (consisting of the European Securities and Markets Authority, the European Banking Authority and the European Insurance and Occupational Pension Authority) published a joint report on “innovation facilitators” that have been established across the European Union (“EU”). The report provides: a comparative ...
  • HMRC publishes guidance on taxation of cryptoasset holders

    On 19 December 2018, HM Revenue & Customs (“HMRC”) published guidance on how individuals possessing cryptoassets may be taxed (the “Guidance”). In particular, the Guidance covers: what crypoassets are; which taxes apply to individuals holding cyrptoassets; the taxation of cryptoassets received as earnings; and record keeping requirements. HMRC has yet ...
  • Brexit update for financial services firms - 21 December 2018 to 4 January 2019

    In outline: During the two holiday weeks covered by this update, the flow of Brexit publications relevant to financial services (FS) continued – more than 17 documents are listed below. Publications from the House of Commons/Lords cover topics such as the EEA, the UK Government’s no deal preparations, the stability ...
  • Germany: BaFin provides Guidance on the German Money Laundering Act

    On 11 December 2018, the German Federal Financial Supervisory Authority (BaFin) has published its Guidance on the construction and application of the German Money Laundering Act (“GwG”) (“Auslegungs- und Anwendungshinweise zum Geldwäschegesetz”). By doing so, BaFin fulfils its duties to provide such guidance according to sect. 51 GwG. Background of ...
  • Brexit update for financial services firms - 8th to 20th December 2018

    In outline: Westminster politics continued to dominate the news in the run up to the holiday period. This update lists over 30 Brexit related publications relevant to financial services (FS). No deal preparations. The European Commission published a ‘contingency plan’ and related Q&A for a no-deal Brexit – see Documents ...
  • The FCA agenda on high cost credit and rent to own: an update

    The FCA’s appetite for change in the high-cost credit market shows little sign of abating with its latest set of proposals. With reports earlier this year that over three million consumers are utilising high cost credit, the FCA acknowledges that the task of regulating consumer credit is one of the ...
  • Brexit update for financial services firms - week ending 7 December 2018

    The week was again dominated by drama at Westminster with the start of the debate by MPs ahead of the ‘meaningful vote’ on the Withdrawal Agreement (WA) and Political Declaration (PD). (Of course, the Prime Minister has now announced the postponement of the vote in parliament to allow her to have further talks with the EU). There have been a variety of reports, explainers and commentaries published...
  • Managing operational risks in financial institutions – the regulatory perspective

    Managing operational risks in financial institutions – the regulatory perspective Not surprisingly given recent high profile IT failures and the ever increasing reliance placed on technology by financial institutions operational risk remains high on the FCA and PRA’s agenda. Building the UK financial sector’s operational resilience was the subject of ...
  • Brexit update for financial services firms - week ending 30 November 2018

    The week in outline: The political turmoil at Westminster continued to dominate the headlines. The UK Government (HMG) and the EU published the text of the Withdrawal Agreement (WA) endorsed at the summit on 25th November with the full text of Article 132 provision on the extension of the transitional ...
  • Brexit update for financial services firms - week ending 23rd November 2018

    The week in outline: This week saw continuing political debate in the UK, while the EU and the UK Government (HMG) published a longer version of the draft Political Declaration of the Framework for the Future Relationship between the EU and the UK (PD) (see Document 1 below). HMG also ...