Weavering Capital (UK) Limited founder convicted of fraud
Lessons in Corporate Governance
Ulf Magnus Michael Peterson, the founder of Weavering Capital (UK) Limited and former investment manager of the Dublin-administered, ISE-listed Weavering Marco Fund, has been found guilty of eight counts of fraud, forgery, false accounting and fraudulent trading in relation to the collapse of his Cayman-domiciled hedge fund in March 2009. His trial took place in Southwark Crown Court in London and he was sentenced to 13 years imprisonment on 23 January 2015.
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Capital Requirements Regulatory Updates
The European Banking Authority (EBA) has issued guidelines on materiality, proprietary, confidentiality and on disclosure frequency. These are contained in a final draft Regulatory Technical Standards (RTS) on the compliance of institutions with the requirement for a countercyclical capital buffer and data waiver permission.
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New Consumer Protection Legislation for Credit Servicing Firms
The Consumer Protection (Regulation of Credit Servicing Firms) Bill 2015 was published on the 14th January 2015 and is entitled an Act to provide for the protection of certain borrowers who are parties to credit agreements in respect of which credit servicing firms undertake certain services. Its publication follows the Consultation Paper on the Regulation of Loan Portfolio Buyers that was issued by the Department of Finance in July 2014.
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Update to the Consumer Protection Code
Following on from the letter issued by the Head of Consumer Protection in the Central Bank on 21 November 2014, The Consumer Protection Code 2015 has received a further update, Chapter 13, which became applicable from 1 January 2015 on 'Additional requirements for Debt Management Firms'
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Training Schedule Feb-Jun 2015
To kick off the new year we are offering 5 places in our February Implementing Fit & Proper Course at a discounted price of €200 per person!
Contact our Training Manager HERE to reserve your place or to discuss discounts for booking multiple courses.
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Seminar For Credit Unions
Compliance and Risk Seminar for Credit Unions Compliance Ireland Invite you to the Rochestown Park Hotel, Co Cork
Friday 27th March 2015
The Credit Union Act 1997, as amended requires Credit Unions to prepare and submit an Annual Compliance Statement to the Central Bank within two months of the financial year end. In order to facilitate the preparation of this Compliance Statement, Compliance Ireland has designed and tailored two half day courses for Credit Union Managers, Compliance Officers and Risk Officers which will look at Compliance and Risk for Credit Unions.
For more infomraiton and booking, please click Here.
Closing Date for Bookings - 20th March 2015
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