Publication
Cyber security and financial services: What businesses need to consider
Following a spate of high-profile cyber incidents at UK financial services providers, perhaps most enlightening of which was the 2016 Tesco Bank debit card fraud and subsequent 2018 fine, businesses which deal in financial data are starting to look more closely at their cyber resilience and to consider how changes in the regulatory landscape may affect them.
Publication
The Business Contract Terms (Assignment of Receivables) Regulations 2018: still more to do?
Fieldfisher's Stephen Moller, Richard Todd and Richard Gibbard consider how the new regulations address some criticisms of prior legislation but also add more complexity to what is already a complicated area of the law.
Publication
Complying with new Luxembourg legislation relating to UBOs
The new Luxembourg law of 13 January 2019, and related grand ducal regulation of 15 February, established a register of ultimate beneficial owners (UBOs), known as the RBE.
Publication
Accessing the German Market
This briefing describes the possibilities for third country credit and financial services institutions which do not benefit from EU passporting rights to access the German market.
Publication
Brexit: an update for Asset Managers
This briefing paper provides an update on Brexit planning matters which are of relevance to asset managers.
Publication
Basel IV Framework - Revisions to the Leverage Ratio
Lawyers in Fieldfisher's Financial Regulatory team discuss the impact of Basel IV leverage ratio reforms on banks' capital requirements.
Publication
Kammergericht Berlin: Bitcoin keine Rechnungseinheiten nach KWG und kein E-Geld nach ZAG
Das Kammergericht Berlin (4. Strafsenat) hat am 25. September die Feststellung getroffen, Bitcoins seien keine Rechnungseinheiten iSd Kreditwesengesetzes ("KWG") und auch kein E-Geld iSd Zahlungsdiensteaufsichtsgesetzes ("ZAG"). Es verwarf die Revision der Staatsanwaltschaft gegen das Urteil des LG Berlin vom 15. November 2017, das bereits einen Freispruch für den Angeklagten vorsah (Az. (4) 161 Ss 28/18 (35/18), 4 35/18)).
Publication
Arabian Rights: Breaking the Saudi glass ceiling
Fieldfisher partner Vivien Davies argues that pro-female cultural shifts underway in Saudi Arabia, thanks to the comparatively liberal policies of Crown Prince Mohammad bin Salman, need to be backed by legal reform to enable women to reach their professional potential.
