09/21/2020
HSBC fund chief on re-energising a business in the Covid era
Nicolas Moreau faces multiple challenges in transforming the asset manager while the parent bank undertakes restructuring
Legal, Regulation & Compliance
09/21/2020
UK banks enabled ‘flow of dirty money’, leaked secret files claim
Reports allege that a number of major UK lenders allowed dirty money to flow through their accounts
09/21/2020
Coronavirus: UK firms voluntarily return £215m in furlough cash
At first this was all paid for by the government, but firms are now having to make a contribution to wages as well.
09/21/2020
«FinCEN Files» Leader: Deutsche Bank
According to the report, the $2 trillion of transactions scrutinized represent an extremely minute fraction – just 0.02 percent – of the more than 12 million suspicion activity reports filed by financial institutions with FinCen between 2011 a
09/21/2020
Tens of thousands of British expats in Europe 'will be stripped of their UK bank accounts and credit cards in weeks' after government failed to negotiate post Brexit rules
Lloyds Bank confirmed to The Sunday Times that it will be withdrawing services from Holland, Slovakia, Germany, Ireland, Italy and Portugal - in a move that will affect 13,000 British customers.
09/21/2020
EU seeks new powers to penalise tech giants
Thierry Breton says concerns exist Silicon Valley companies have become ‘too big to care’
09/21/2020
Leaked U.S. government files suggest Deutsche Bank tops list of suspicious transactions
The German bank said in a statement that incidents in the leaked documents “have already been investigated and led to regulatory resolutions.”
09/21/2020
From LIBOR to SONIA: a bridge to the future by Andrew Hauser
We’re here today to talk about what it will take to get your business ready to transition away from LIBOR.
09/21/2020
Fund managers alarmed over EU push to lure London job
Regulatory proposals viewed as fresh attempt to capture more of UK’s £9tn asset management sectors
09/20/2020
Landlords slash rents by up to 20% as tenants quit city centres in pandemic
‘Race to suburbia’ and a lack of foreign students see rental demand plummet in wake of Covid-19
09/20/2020
Natwest mulls Ulster Bank closure despite promise of growth
Natwest is considering exiting the business in the republic but not the north.
09/20/2020
Will the chance to retire in Dubai appeal to British expats?
Arabian Business asks the experts whether the emirate's new retirement visa will be an attractive option for UK citizens
09/20/2020
Gibraltar Updates Distributed Ledger Framework to Align With FATF Crypto Regulations
to curb money laundering in the past, particularly in its DLT rules, describes the update as a “natural evolution of the defined regulatory principles.”
09/20/2020
European Central Bank Extends Partnership with SkySparc
The ECB renewal also allows other Eurosystem central banks to contract SkySparc’s services under the same framework agreement, rather than conducting individual tenders.
09/18/2020
CaixaBank and Bankia Boards of Directors approve merger plan to create Spain’s leading bank
The Boards of Directors of both banks have approved the exchange ratio of 0.6845 new CaixaBank ordinary shares for every Bankia share.
09/18/2020
BoE to ‘explore’ negative interest rates
It is not the first time the central bank has signalled it would be open to using negative rates.
09/18/2020
Is the FCA set for an advice suitability crackdown?
Thematic review into the implementation of regulations could be on the cards
09/18/2020
Landmark Carey Pensions case to be appealed
Long-running legal dispute could have ‘real prospect of success’
09/18/2020
UK financial advice firm fails
Lifeboat scheme is now accepting claims against the company
09/18/2020
Defaqto unveils drawdown guide for advisers
‘Perfect storm’ created by pandemic shows need for planners to sharpen focus on risk