Asset management in South Africa
March 20, 2018
In December 2017, a practical guide titled “Managing Culture - A Good Practice Guide” (Guide) was jointly produced by
February 06, 2018
In December 2017, the Government consulted on a draft bill in relation to the new tax framework for the proposed new corporate collective investment vehicle (CCIV).
January 31, 2018
On December 22, 2017, President Trump signed the Tax Cuts and Jobs Act (the “Tax Act”).
January 29, 2018
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 European Securities and Markets Authority (‘ESMA’) is undoubtedly an important European institution.
November 02, 2017
On July 26, 2017, the Financial Conduct Authority (FCA) published its long-awaited Consultation Paper (CP 17/25) setting out its proposals for introducing the Senior Managers, Certification and Conduct Regime (SMCR)
October 10, 2017
The risk of modern slavery occurring in the operations of financial institutions is considered low, however, they all have supply chains, which carry greater risk, and are also under pressure to address modern slavery risks in their lending and finance activities.
October 06, 2017