03/06/2020
Crooked Banker Tapped Professionals to Manage Web of Dirty Money
The company was cratering and its creditors, including a Swiss bank, were circling.
Legal, Regulation & Compliance
03/06/2020
The grand unifying theory (and practice) of macroprudential policy - speech by Mark Carney
Speech given by Mark Carney Governor of the Bank of England
03/06/2020
Expats again warned about investment scams as mis-selling rates soar
Two years ago, the scandal was valued at an incredible £10 billion, with most attributed to mis-sold, poorly invested pensions pushed by unscrupulous, unethical financial advisors lurking in favourite expat destinations as well as the home country.
03/06/2020
Barclays, Merrill Resurface in Third German Tax Indictment
The transactions took advantage of how Germany taxed dividends, abusing the system to claim multiple refunds on a tax paid only once, according to investigators.
03/06/2020
Malta tax advisors named in Spanish money laundering probe
They were carried out by “two players’ agents linked to one of the representation agencies with the highest turnover in Europe” – the Spanish ministry for the interior said.
03/06/2020
Swiss private bank invests in circular economy fund
Decalia Circular Economy is the first (medium- to large-cap) equity fund exclusively dedicated to this area.
03/05/2020
Aviva Investors strikes distribution deal for Iberia, Brazil, Uruguay
Charlie Jewkes, head of Global Financial Institutions at Aviva Investors, will work with CSP in Brazil and Uruguay, while Paolo Sarno, head of Southern Europe at Aviva Investors, will work with CSP on distribution in Spain and Portugal.
03/05/2020
Inflation and beliefs about inflation - speech by Ben Broadbent
Given at the London Business School
03/05/2020
Letter from David Bailey, Anna Sweeney, Charlotte Gerken, and Sarah Breeden ‘PRA rules on board diversity’
Letter to Solvency II insurers, large non-Directive firms and CRR firms
03/05/2020
Hansard reports half-yearly fall in profits yet revenues rise
Overall, our focus for 2020 remains on our two key strategic projects – launching our new investment product in Japan and replacing our policy administration system.
03/05/2020
Watchdog may investigate banking competition fund
The scheme has attracted criticism after Metro Bank handed back £50m and Nationwide said its business account plan is delayed
03/05/2020
Culture is at the centre of 2020’s regulatory challenges
Here are the specific priorities we predict you’ll see this year, and how – all over the compliance landscape – culture will underline many of the changes firms will need to make to meet regulatory requirements.
03/05/2020
UniCredit’s Croatian Unit Probed for Suspicious Transactions
Bank said to be cooperating in Croatian central bank’s probe
03/05/2020
Italian princess loses court case in Curaçao
For years BNP has been conducting legal proceedings against the wealthy Italian Crociani family.
03/05/2020
FCA to scrutinise diversity in culture crackdown
Transforming culture in financial services is a priority for the FCA and should be for firms too.
03/05/2020
Public Trustee pays costs
The question of costs was then considered. DN had incurred legal costs of £82,000.
03/05/2020
MPs grill Bailey over 'explosion' of bullying claims at FCA
The report raised concerns about the upcoming appointment of Mr Bailey as the next governor at the Bank of England, claiming there had been a string of financial losses and failings during his tenure at the FCA.
03/04/2020
Monetary policy an unlikely cure for the coronavirus' - Legg Mason affiliate QS Investors
“Monetary policy is an unlikely cure for the coronavirus.
03/04/2020
'Substantial discrepancies' found in collapsed LCF records
Before it entered administration in January the company raised in excess of £237m from more than 11,500 investors over the course of two years, and it has been embroiled in a scandal since.
03/04/2020
UK watchdog urges advisers to do more to protect clients
The industry will need to ensure these individuals understand the importance of protection products, such as income protection, and to ensure that products are accessible and fairly priced.