Mondaq Europe: Finance and Banking
Investors in assets of all types will have been well satisfied with the returns they achieved on their investments during Q1.
A discussion on the monitoring of the bail-out legislation which is currently before the Cyprus courts.
The European Commission has published proposals to strengthen rules against money laundering and terrorist financing.
The European Parliament has recently voted in favour of the new Capital Requirements Directive.
The European Parliament is expected to vote in May 2013 on the single supervisory mechanism, which allows the European Central Bank to exercise direct supervision on banks in the Eurozone.
The German Parliament adopted new regulatory requirements for algorithmic and high frequency trading.
Existing funds which no longer invest after July 22, 2013 are not required to comply with the provisions of the KAGB, even if the manager of such funds also manages funds which still make investments.
A discussion exploring the recent developments relating to Guernsey's financial services legislation.
Carey Olsen’s Graham Hall looks at how investors are coming back to the markets in search of returns.
On 15 May 2013, the regulator of the funds industry in Ireland, the Central Bank of Ireland, announced that it is now accepting applications under the Alternative Investment Fund Managers Directive.
The Irish Stock Exchange is a leading global exchange for the listing of a range of debt securities.
A summary of the most recent banking sector developments in Ireland.
This briefing focuses on the enforcement of security in Ireland by way of a fixed charge receiver.
Ireland is a leading jurisdiction for the establishment of special purpose vehicles for structured finance transactions, particularly CLOs.
Directive 2011/61/EU on Alternative Investment Fund Managers comes into force on 22 July 2013, and aims to provide common requirements across all EU States for the management or sale of Alternative Investment Funds by Alternative Investment Fund Managers within the EU.
The law of April 6, 2013 on dematerialised securities was published in Luxembourg’s official gazette, the Mémorial, on April 15, coming into force the following day.
On February 14tth 2013 the EU Commission adopted a proposal for a directive implementing enhanced cooperation in the area of financial transaction tax.
A summary the CSSF issued Frequently Asked Questions on securitisation.
On February 18th 2013 the CSSF published Circular 13/559 relating to the guidelines of the European Securities Market Authority on ETFs and other UCIT's issues.
The ECJ has recently ruled that the advisory services concerning investment in transferable securities provided by a third party to an investment management company which is the manager of a special investment fund benefit from the VAT exemption as laid down in Article 135 (1) (g) of the VAT Directive.
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On 18 April 2013 the UK government issued a legal challenge to the decision of the EU Council of 22 January 2013 which authorised a subset of the EU (not including the UK) to introduce a financial transaction tax.
On Monday 25 March, the FCA’s Risk Outlook and Business Plan for 2013-14 were published.
A discussion on a number of investigations regarding the LIBOR and EURIBOR settling process.
The FSA has been in discussions with the banks with regard to them providing appropriate redress for affected customers in relation to the mis-selling of payment protection insurance.
Directive 2011/61/EU on Alternative Investment Fund Managers comes into force on 22 July 2013, and aims to provide common requirements across all EU States for the management or sale of Alternative Investment Funds by Alternative Investment Fund Managers within the EU.
As the UCITS acronym suggests, its original focus was on investment in "transferable securities" although UCITS do offer far wider investment possibilities, as explained below.
The draft legislation transposing the European Union’s Alternative Investment Fund Managers Directive into Luxembourg law was submitted to the grand duchy’s Chamber of Deputies by finance minister Luc Frieden on August 24.
The purpose of this investment memorandum is to provide an overview of the investment vehicles (i.e. regulated, lightly regulated and unregulated) that Luxembourg offers to (foreign) entrepreneurs and managers.
The European Commission has published on its website answers to questions it has received on the interpretation of the Alternative Investment Fund Managers Directive.
A discussion on the impact of the America’s FATCA regulations for trustees.
