Our News · Europe
To get to know Leela a little bit more we asked her some quick fire questions: 1. What do you like most about working at Cleveland & Co? There are so many things – the team, great clients, and being able to wear comfy clothes every day! 2. What has been your […]
Our Thinking · Regulatory & Compliance · Europe
The Financial Conduct Authority (“FCA”) confirmed in its Policy Statement PS 19/8 published on 12 March 2019 that the Financial Ombudsman Service (“FOS”) will soon be able to require financial services firms to pay double the current amount of compensation to consumers and businesses. The FCA is aware that there is a very short turn […]
Our Thinking · Public Funds · Regulatory & Compliance · Europe
In February 2019, the Financial Conduct Authority (the “FCA”) published a second set of rules following the Asset Management Market Study (“AMMS”), the final report of which was published back in June 2017 (for a detailed analysis of the outcomes and remedies the AMMS, please click here to view our previous newsletter). The fundamental purpose […]
Our News · Europe
We’ve joined AlgoMe as an AlgoMe Community Partner with a common goal of helping to address the challenges and opportunities facing the Investment Management Industry. Their mission is to connect the Investment Management Industry – the professionals that work in it, as well as the Asset Managers, FinTechs and other organisations that make up the wider industry […]
Our Thinking · Investments & Capital Markets · Europe
In its recent decision in LBI EHF v Raiffeisen Bank International AG [2018],[1]the Court of Appeal confirmed that a non-defaulting party enjoys wide discretion under the default valuation provisions in the 2000 edition Global Master Repurchase Agreement (the “GMRA”) when it comes to determining the “fair market value” of securities, especially in a market that […]
Our Thinking · Investments & Capital Markets · Regulatory & Compliance · Europe
Given the continuing uncertainty surrounding the United Kingdom’s (the “UK”) departure from the European Union (“EU”), regulators and institutions on both sides of the channel have taken a range of initiatives in order to counteract the most dramatic consequences of the UK’s departure from the EU without a withdrawal agreement and implementation period (“no deal […]
Our News · Commercial & Corporate · Europe
We are so happy to share in the news that Foster Denovo, the global award winning financial advisory firm, has recently completed its first successful acquisition of the year. We are especially proud to have been a part of this strategic investment, advising the business on acquiring Orchard Wealth Cultivation, a leading financial and planning […]
Our Thinking · Regulatory & Compliance · Europe
In light of the ongoing uncertainty surrounding the United Kingdom (“UK”) departure from the European Union (“EU”), regulators and institutions on both sides of the channel have taken a range of initiatives in order to counteract the most dramatic consequences of the UK departure from the EU without a withdrawal agreement and implementation period […]
Awards & Press · Europe
We are delighted and very proud to announce that we have won the category for ABS of the Year at the Modern Law Awards 2019! What an honour to be recognised amongst such tough competition in a category that truly embraces our business — committed to innovation and driven by our strategic goals! The Eclipse […]
Our Thinking · Regulatory & Compliance · Europe
The Senior Managers and Certification Regime (“SM&CR”) is part of the UK regulators’ drive to improve culture, governance and accountability within financial services firms. It aims to deter misconduct by improving individual accountability and awareness of conduct issues across firms. Banks and PRA-designated investment firms have been subject to the SM&CR since March 2016. On […]
When regulation shifts, our General Counsel set out what has changed for your firm and the steps we recommend you take.
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