GDF meaning

In this issue: Prudential requirements Risk management and controls Financial crime and sanctions Consumer protection Conduct requirements Complaints, compensation and claims management Investigations, enforcement and discipline Sustainable finance and ESG Banks and mutuals Investment funds and asset management MiFID II Regulation of insurance FSMA regulated pensions activity Fintech and cryptoassets LexTalk®Financial Services: a Lexis®Nexis community Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary Prudential requirements CP2/25: PRA consults on leverage ratio threshold changes The Prudential Regulation Authority (PRA) has issued consultation paper CP2/25 setting out proposed revisions to leverage ratio thresholds. It plans to raise the retail deposits leverage threshold from £50bn to £70bn, aligning with nominal GDP growth since 2016. The intention is to keep major UK banks, building societies and investment firms within scope, while giving smaller firms additional...

CASE HUB ARCHIVED This archived case hub sets out the position as at the judgment date of 5 December 2023; it is no longer being updated. See the timeline for more details. Case facts Outline Appeals contesting the General Court’s judgment in Case T-516/18, which rejected an action seeking to annul the Commission’s decision of 20 June 2018. That decision concluded Luxembourg had provided unlawful State aid to Engie (formerly GDF Suez) through improper tax advantages (SA.44888). Latest developments On 5 December 2023, the Court of Justice delivered its ruling, allowing the appeal and annulling the Commission’s decision of 20 June 2018...

CASE HUB NOTE-appeals lodged before the Court of Justice in Cases C- 451/21 C- 454/21 ARCHIVED This archived case hub captures the position as at the judgment of 12 May 2021 and is no longer being updated. See the timeline for further details. Case facts Outline Joined Cases T- 516/18 Luxembourg v Commission and T- 525/18 Engie Global LNG Holdings and Others-applications for annulment before the General Court of the European Commission’s decision of 20 June 2018, which concluded that Luxembourg had provided unlawful State aid to Engie (formerly GDF Suez) through undue tax advantages (SA.44888). Latest development On 12 May 2021, the General Court issued its ruling, dismissing the actions in their entirety. It determined that the Commission was entitled to: (i) prioritise the economic reality of the intra-group structure over a purely formal approach; and (ii) find that a selective advantage existed, giving rise to State aid, due to the non-application of national provisions on abuse of law. Parties Applicants: ...