Related insights: Financial Institutions

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Part 2 of 2 - In-depth review of November 2020 Lloyds Bank Judgment

25 Feb 2021
As reported in our article in November, GMP Equalisation - transfers out, the most recent judgment in the series of Lloyds Bank cases, handed down in November 2020 (the Transfer Judgment), considered the obligations on trustees of contracted out defined benefit schemes who had transferred out benefits to other pension schemes.
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Part 1 of 2: in-depth review of November 2020 Lloyds Bank Judgment

17 Feb 2021
As reported in our article in November, GMP Equalisation - transfers out, the most recent judgment in the series of Lloyds Bank cases, handed down in November 2020 (the Transfer Judgment), considered the obligations on trustees of contracted out defined benefit schemes who had transferred out benefits to other pension schemes.
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WBD advise on part VII transfer of Arch Insurance EEA business

04 Jan 2021
WBD has advised on the Part VII transfer to Arch Insurance (EU) dac of insurance business carried on by Arch Insurance (UK) Limited (excluding inwards reinsurance business) within the European Economic Area. This took effect on 31 December 2020, following the receipt of sanction from the High Court on 18 December 2020.
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2020: the year of COVID and Brexit - what has it meant for financial crime prevention?

22 Dec 2020
The end of 2020 is finally within sight, and what a strange year it has been. In terms of financial crime prevention, 2020 has been a mixture of continuing to deal with known issues and progressing improvements, but against the backdrop of Brexit and a pandemic. In this year's review for Financial Regulation International, Emma Radmore of Womble Bond Dickinson looks back on the key legal and regulatory priorities for the UK authorities and the year's relevant enforcement actions. As usual, we then look at initiatives that will be progressing over 2021.
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European Central Bank issues bad loan warning

07 Dec 2020
The European Central Bank (ECB) published a Dear CEO letter on Friday 4 December warning the region's biggest lenders that many of them are failing to do enough to prepare for the anticipated hike in bad loans as an outcome of the COVID-19 pandemic.