CBI has issued a notice for users of Derivatives in Ireland; ISE publishes its review of 2014; ESMA to cooperate with Hong Kong SFC on CCPs; ESMA publishes an opinion on draft RTS on the clearing obligation for interest rate swaps.
FinanceReminder - revised Corporate Governance Code; Department of Finance: Dataset on mortgage arrears and restructures; CBI: new regulations on residential mortgage lending and publishes passporting notification forms for credit institutions
FinanceReminder - revised Corporate Governance Code; Solvency II – Commission Delegated Regulation comes into force; EIOPA Solvency II publications and update on Solvency II reporting formats; ECB Regulation; EIOPA updates regarding use of LEIs and updates risk dashboard; Focus on private motor insurance market in the UK; UK FOS - latest edition of Ombudsman News...
FinanceThis case concerned an application for summary judgment against two of the defendants.
FinanceSpeaking at the 8th National Data Protection Conference, on 28 January 2016, the Data Protection Commissioner (the DPC) warned that in 2016 her office intends to audit insurance companies offering telematics boxes to assess their compliance with data protection legislation.
Privacy & Data SecurityIn Patrick O'Leary Trading as O'Leary Lissarda v John Ryan [2015] IEHC 820 the Irish High Court considered an application for an order pursuant to Articles 34(2)(a)(ii) and (iii) of the UNCITRAL Model Law to set aside an arbitral award.
DisputesIn O'Shea v The Financial Services Ombudsman [2016] IEHC 6, Mr O'Shea complained of the failure of the Financial Services Ombudsman (the "FSO") to hold an oral hearing into his complaint that his home insurance company had unfairly rejected two claims.
DisputesOn the International Front, we look at the ESMA discussion paper on UCITS share classes, ESMA Q&A on ETFs and other UCITS issues, ESMA Q&A on the Application of the AIFMD, AIFMD reporting by NCAs to ESMA, MMF Regulation, Benchmark Regulation, Fourth Anti Money Laundering Directive and Wire Transfer Regulation, Risk Mitigation standards for non-centrally cleared OTC derivatives, ESMA advice and opi
Asset Management & Investment FundsDeclan McDonald v Thomas Michael Hill [2014] IEHC 629 In a recent judgment of Mr. Justice Binchy, an issue arose surrounding the standards of proof that a bank must demonstrate to prove that a letter of demand was sent to a mortgagee prior to the appointment of a receiver.
Financial RegulationThe High Court in Harrold V Nua Mortgages Limited [2015] IEHC 15 has again made clear that there is no tort of reckless lending in this jurisdiction and that it is not prepared to entertain 'fanciful' arguments by borrowers seeking to repudiate their loans.
DisputesThe Work and Families (Northern Ireland) Act 2015 ("WFA") will come into full legal effect in Northern Ireland in early April 2015, having received Royal Assent earlier this month.
BelfastThe Supreme Court has dismissed an appeal by Irish Asphalt in Noreside Construction Ltd v Irish Asphalt [2014] IESC 68.
Commercial Contracts
