Category Archives: Banking and Finance law

Banking and Finance Law news articles, reiews, notes and blog examples.

UBS’s Flawed Yield Enhancement Strategy (YES)

The so-called  “Yield Enhancement Strategy,”  or “YES,” has seen a major rise in popularity at large investment firms, especially UBS,  as a vehicle for investors  to “enhance” returns relatively safely.  “YES” has been pitched as a relatively safe way to generate enhanced returns on a consistent basis, especially when markets are … Continue reading

Posted in Banking and Finance law | Leave a comment

ESAs publish Q&A on the KID for PRIIPs

On 4 April 2019, the European Supervisory Authorities published additional Q&As on the key information document (KID) requirements for packaged retail and insurance-based investment products. Answers to the following questions have been added: What aspects should be considered by the … Continue reading

Posted in Banking and Finance law | Tagged , , , | Leave a comment

ESMA issues first pan-EU overview of use of supervisory sanctions for UCITS

On 4 April 2019, the European Securities and Markets Authority (ESMA) issued its first annual report on sanctions imposed by Member State competent authorities (NCAs) under the UCITS Directive. The report provides an aggregated overview of the penalties and measures … Continue reading

Posted in Banking and Finance law | Tagged , , , , , , , | Leave a comment

Commission Implementing Decisions on temporary equivalence of UK CCPs and CSDs

On 4 April 2019, there was published in the Official Journal of the EU: Commission Implementing Decision (EU) 2019/544 of 3 April 2019 amending Implementing Decision (EU) 2018/2031 determining, for a limited period of time, that the regulatory framework applicable … Continue reading

Posted in Banking and Finance law | Tagged , , , , , , | Leave a comment

Former CPA Accused Of Running $29 Million "Pure" Ponzi Scheme

A California woman faces civil and criminal charges over allegations that she ran a $29 million Ponzi scheme that promised 8% annual returns by investing in “federally guaranteed” securities. Carol Ann Pedersen, 65, was the subject of charges filed by … Continue reading

Posted in Banking and Finance law | Tagged , , , , , , | Leave a comment