Jurisdiction
by Leela|4 April 2019|Industry News
Our Managing Director, Emma, was recently quoted in an Ignites Europe article talking about UK firms falling behind on senior managers regime implementation and how some firms are parking SMCR to the Summer so they can focus on Brexit preparations. Click here to read the full article!
Read moreby Leela|28 March 2019|Industry News
Below we set out recent developments in the cryptoasset space that we think may be of interest. A NEED FOR REGULATION 2018 was a year of international scrutiny for digital currencies. As regulators around the globe wake up to the potential dangers posed by new technology (now falling under the umbrella term of “cryptoassets”), pressure […]
Read moreby Leela|22 March 2019|Industry News
The recent case of Lehman Brothers Finance AG (in liquidation) (“LBF”) v Klaus Tschira Stiftung GmbH and Dr H C Tschira Beteiligungs GmbH & Co KG (the “Tschira Parties”)[2019] draws attention to the issue of the amount of discretion a non-defaulting party has when calculating loss under a 1992 ISDA Master Agreement. This is a […]
Read moreby Leela|15 March 2019|Our News
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 […]
Read moreby Leela|15 March 2019|Industry News
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 […]
Read moreby Leela|14 March 2019|Industry News
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 […]
Read moreby Leela|12 March 2019|Our News
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 […]
Read moreby Leela|6 March 2019|Industry News
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 […]
Read moreby Caroline Sheldon|1 March 2019|Industry News
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 […]
Read moreby Leela|1 March 2019|Our News
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 […]
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