11/11/2019
Morning Coffee: Shock as senior ex-Deutsche and Nomura bankers jailed; Iqbal Khan's plan for UBS
Equally significant is the seniority of the ex-Deutsche and ex-Nomura bankers involved.
Legal, Regulation & Compliance
11/11/2019
Vistra Completes Rebrand of London Legalisation Services
Harnessing our local expertise and global reach across 45 jurisdictions, we believe we are well positioned to create further opportunities for clients and prospects locally and abroad.
11/11/2019
Calls for ban on non-advised P2P sales
In the wake of its collapse questions have been raised as to how retail clients can be better protected in the market, with many pointing their fingers to an outright ban of non-advised P2P investments.
11/11/2019
UK High Court reaffirms right of creditors to use winding up process to pursue debts
In a recent decision of the UK High Court, which will be of interest to all insolvency practitioners, the Court reaffirmed the right of parties to issue winding up petitions as a legitimate means of securing payment of an undisputed debt from a company.
11/10/2019
MiFID II: FCA statement on inducements and research
This will also apply to UK firms in the event of EU withdrawal before or during the extended period.
11/10/2019
22 years of pension savings gone in 24 hours
Pension fraud can be devastating.
11/10/2019
EBA thematic report on NPLs: progress and challenges
The differences in the speed of the recovery procedures, also due to less efficient legal frameworks and thin secondary markets for NPLs, remain the most significant impediments to the further offloading of NPLs.
11/10/2019
EU consumers' protection to be reinforced
Consumer protection is an essential part of the internal market.
11/10/2019
High Court claims by failed UK tax avoidance scheme users struck out
"Parliament has laid down an exclusive appeal process and time limits for invoking it.
11/10/2019
Worldwide freezing orders in support of international arbitration
These orders are also known as 'Mareva injunctions', named for a 1980 decision by the English Court of Appeal.
11/10/2019
Scarred by Malta, Latvia and Cyprus, bigger EU states push for money laundering supervisor
The need for an EU supervisor emerged after repeated failures by national watchdogs at spotting and countering money laundering, the statement said.
11/10/2019
Law change will confirm that HMRC decisions can be made by a computer
The provisions affected include the giving of notice to file a tax return as well as the automatic issuing of penalties where returns are filed late.
11/10/2019
‘Sexism and data theft’ at top wealth manager
The whistleblower, who does not want to be named, also alleges potential criminal behaviour.
11/08/2019
HSBC Warned Twice by Bank of England on Conduct Risk Control
Communications between individual banks and the BOE are rarely made public and it’s not known whether the regulator has recommended any specific remedies to HSBC.
11/08/2019
Citi, Deutsche get go-ahead to probe regulator witnesses in landmark cartel case
On Friday, a local court magistrate ruled that the defendants’ lawyers may cross-examine the ACCC staff on the subjects of how they obtained witness statements from the JP Morgan personnel and the staff’s level of cooperation with corporate re
11/08/2019
Appleby Isle of Man Celebrates 120th Anniversary
International law firm, Appleby, recently celebrated its 120th anniversary on the Isle of Man.
11/08/2019
Italian AML rules capture providers of services related to the use of virtual currencies and custodian wallet providers
This provision thus seems to capture providers established in other countries but offering their services in Italy via distance communication means only.
11/08/2019
Norway wealth fund resumes work on blacklisting worst greenhouse gas emitters
In November 2018, the bank said it needed clarification from the finance ministry as to what corporate behaviour would be considered grounds for exclusion.
11/08/2019
European Central Bank: Euro zone banks may need more buffers
The problem is that in a downturn, banks hold up their capital ratios by deleveraging and disposing of assets, restricting credit to the real economy and aggravating any contraction.
11/07/2019
Saudi Arabia's sovereign wealth fund denies link to Capco deal talks
Candy Ventures, which has not to date named which parties it is working with, did not comment today.