Continued scrutiny by authorities, enforcement actions and complex regulatory developments are at the forefront of the challenges facing all financial institutions businesses today.
January 12, 2018
This article was written by Ekin Inal and Alper Tüzün, lawyers of Bilgiç Attorney Partnership, a partnership registered with the Istanbul Bar Association, with which Norton Rose Fulbright has a professional association.
January 09, 2018
Proxy advisory firms Institutional Shareholder Service (ISS) and Glass Lewis & Co. (Glass Lewis) recently released their United States policy recommendations for...
December 19, 2017
Essential Pensions News covers the latest pensions developments each month
December 13, 2017
With effect from April 6, 2006, under the combined provisions of two sets of regulations, employers in multi-employer schemes and employers with occupational pension schemes, or personal pension schemes where direct payment arrangements exist, are required to consult active and prospective members before taking decisions to make certain changes to future pension provisions. Prospective members are, broadly, employees eligible to join. There is no requirement to consult deferred or pensioner members.
December 08, 2017
The US Senate made two last-minute changes in a massive tax-cut bill that could prove harmful to renewable energy
December 02, 2017
The financial services industry constitutes around 7 per cent of UK GDP, directly employs 1.1 million people (two-thirds of them outside London) and contributes a significant proportion of tax revenue to the UK. An important part of the industry is the banking sector, consisting of UK domestic banks and non-UK banks that have established themselves in the UK (many of which use the EU passport to conduct cross-border business).
November 29, 2017
In this latest banking reform updater, we discuss the international standard set by the Financial Stability Board (‘FSB’) regarding Total Loss Absorbing Capacity (‘TLAC’) and its European counterpart, the Minimum Requirement for Own Funds and Eligible Liabilities (‘MREL’) together with the European Banking Authority’s (‘EBA’) October 2017 opinion on the UK’s departure from the EU.
November 28, 2017
The decision in Hannover Life Re of Australasia Ltd v Jones adds a further challenge for life insurers in making decisions on Total and Permanent Disablement (TPD) claims by limiting the scope of occupations for which an insured may be considered fitted by reason of their education, training or experience (ETE).
November 23, 2017
November 22, 2017