09/06/2019
$11 Billion German Tax Scandal Probed by EU Bank Watchdog
The London-based regulator is coordinating its efforts with the European Union’s markets watchdog ESMA.
Legal, Regulation & Compliance
09/06/2019
Firm fined for REMIT breach
Ofgem launched an investigation which found that EGM had engaged in a type of market manipulation called ‘spoofing’ over a three month period between June and August 2016.
09/06/2019
U.S. congressional probe finds possible lapses in Deutsche Bank controls - sources
The House of Representatives Financial Services Committee declined to comment.
09/06/2019
ESMA publishes stress simulation framework for investment funds
The resilience of the fund sector is of growing importance as it accounts for an increasing part of the EU financial system.
09/06/2019
CSSF’s eDesk portal available for the mandatory notification in the context of Brexit
Any date indicated in the Brexit Notification forms is based on the assumption of a no-deal Brexit occurring on 31 October 2019.
09/06/2019
Shoosmiths extends Scottish footprint with opening of Glasgow hub
The hub is based within the Spaces development on West Regent Street in Glasgow city centre.
09/06/2019
Maltese financial services firms face potential fee hike
As regulator looks to reduce its dependence on government funding
09/05/2019
Deutsche Bank CEO Sewing calls on German gov't to increase investment
Sewing also criticized the policy of the European Central Bank and warned that "in the long run, these low interest rates will ruin the financial system."
09/05/2019
Pioneer Award: Banque de France
During its first few years of operation, Le Lab has collaborated closely with several firms, including start-ups and big tech companies, to test new ideas and solutions.
09/05/2019
British bankers on trial in Germany charged with €447m fraud
UK pair accused of defrauding German state through ‘cum-ex’ share trading scheme
09/05/2019
Financial services firms in Malta to be put on notice
As regulator looks to mimic the UK’s financial crime agency
09/05/2019
Christie’s expert hunts for stolen millions in lawsuit against Bank of Valletta
International art expert holds BOV responsible for lack of due diligence after stolen milllions passed through companies set up by auditor Joe Sammut in alleged ‘Gaddafi’ ruse
09/05/2019
Luxembourg regulator issues Brexit notification to UK firms
Following the 15 September deadline, firms authorised under both Ucits and AIFM will then have until 31 October 2019 to submit to the CSSF either the corresponding application for authorisation, the corresponding notification or information or any action
09/05/2019
Ireland's transfer pricing rules feedback statement
All changes could apply for periods beginning on or after 1 Jan 2020
09/05/2019
VP Bank (Schweiz) expands in Germany
During the course of this complex approvals process, BaFin verifies that the bank complies with all relevant German consumer protection provisions and money laundering regulations.
09/04/2019
Aegon aware of 426 faults before Cofunds migration
While the firm believed it could remedy minor issues like page layouts rapidly after the migration, other areas like the inability to run electronic illustrations were always going to be more significant.
09/04/2019
Private antitrust litigation in Germany
Private antitrust litigation also has a long tradition in Germany in relation to competition law grounds being used to challenge or defend the validity of contracts in civil law cases.
09/04/2019
UK’s top law firms boost average partner pay to £750,000
Other top performers include transatlantic giant DLA Piper with pep of just under £1.4m, City firm Travers Smith with pep of £1.2m and leading litigation firm Mishcon de Reya with pep of £1m.
09/04/2019
Court Of Appeal Hands Down Key Judgement Clarifying The Law On Rectification
The judgment will likely be of interest to employers and trustees who are considering applying to court to rectify mistakes in the legal documentation of their pension scheme.
09/04/2019
Fugitive Jeweler Gets 5 Years in U.K. Insider-Trading Case
He was sentenced in his absence after he absconded from justice during his trial for money laundering in July 2017.