Reform of the Irish criminal justice system, through the actions outlined in the Government's Action Plan to tackle White Collar Crime and the Justice Plan 2021, has gathered pace in recent weeks with the announcement two significant changes to the investigation and prosecution of criminal offences.
White Collar Crime
The economic forecast for the debt capital markets in Ireland during the next 12 months is considerably more positive than it has been since the COVID-19 outbreak escalated to become a global pandemic in the early months of 2020.
Capital Markets - DebtThe European Banking Authority has issued a second consultation paper on draft regulatory technical standards on the calculation of the €30bn consolidated assets threshold for investment firms under the Investment Firms Directive and Investment Firms Regulation.
Financial RegulationThe European Commission has a growing list of tech-related competition cases. What are they about? What happens in these cases? What are the outcomes? A&L Goodbody's Dr Vincent Power unpacks the "who, what, when, why and how" of EU tech cases generally.
EU, Competition & ProcurementThe Irish Government has announced that the Irish parliament (the Oireachtas) will enact legislation to enable the Irish Government to screen 'foreign' direct investment (FDI) in Ireland. In this context, the term 'foreign' refers to investment from non-EU Member States.
EU, Competition & ProcurementNew regulatory technical standards (RTS) on remuneration are now in place under the Capital Requirements Directive from 14 June 2021, while certain investment firms will remain subject to the previous remuneration rules until 26 June 2021. In this article, our remuneration specialists take a look at the key provisions.
Financial RegulationOn Saturday 5 June 2021 the G7 finance ministers reached political consensus on proposals for a global minimum corporation tax of at least 15% to be determined on a country by country basis.
Tax
In a boost for employers, the government has confirmed a new Graduate visa route will launch on 1 July 2021, giving greater access to nearly 500,000 international students currently living and studying in the UK.
COVID-19 BelfastDomestically, the CBI published the results of its "Understanding the Future of Insurance" survey; At European level, the ESA's Joint Board of Appeal dismissed the appeal brought by Societatea de Asigurare-
Financial RegulationDomestically, Irish authorised UCITS managers are required to conduct a specific review of their practices, documentation, systems and controls by 31 December 2021; At European level, ESMA published the final report on its guidelines under the Regulation on cross-border distribution of funds.
Asset Management & Investment FundsDomestically, climate change is a key focus of the CBI; At European level, the ECB published their May Supervision Newsletter.
Financial RegulationDomestically, the CBI issued a Dear CEO letter to algorithmic trading firms; At European level, crowdfunding service providers that are subject to the new Crowdfunding Regulation are exempt from MiFID II. The EBA updated phase 1 of its 3.1 reporting framework.
Asset Management & Investment Funds
