06/06/2019
FSB publishes report on market fragmentation
The report looks at some examples of financial activities where supervisory practices andregulatory policies may give rise to market fragmentation.
Legal, Regulation & Compliance
06/06/2019
FCA and PRA joint statement on LIBOR transition
The purpose of these letters was to seek assurance that firms’ senior managers and relevant governance committee(s) understand the risks associated with this transition
06/06/2019
Managing Machines: the governance of artificial intelligence by James Proudman
It is certainly not the role of the regulator to stand in the way of progress.
06/06/2019
Pragmatic Solutions for Sensitive Trusts
In its reasoning, the Court explained that the trust had been administered under the supervision of the Court for some 20 years
06/06/2019
From Innovation Hub to Innovation Culture by Nick Cook, FCA
Speech by Nick Cook, Director of Innovation at the FCA, delivered at the 6th Central Bank Executive Summit
06/06/2019
Operational resilience in financial services: time to act' report launch - Speech by Lyndon Nelson
We have seen that operational failures can happen and unless something dramatically changes we can expect them to happen again.
06/06/2019
Last orders: Calling time on LIBOR - speech by Dave Ramsden
Libor prices in fluctuations in the perceived credit quality of banks, whereas for many users, alternative risk free reference rates are better reflections of the general level of interest rates.
06/06/2019
Carey Olsen advises Realty in acquisition of 12 Sainsbury's superstores
Lawyers from Carey Olsen's corporate team in Jersey have advised Realty Income Corporation (Realty) on the acquisition of 12 Sainsbury's superstores from British Land.
06/06/2019
Former Kaupthing Luxembourg CEO Gets ECHR Justification
The four bankers claim that the Supreme Court in Iceland had not been impartial on account of the positions held by family members of one of its judges and that they had not been granted access to all of the prosecutor’s documentation.
06/06/2019
Swiss regulator to fine banks over currency manipulation
Credit Suisse is currently fighting the allegations. UBS blew the whistle on the other banks, avoiding the fine.
06/06/2019
Bankers’ bonuses should be reintroduced, Central Bank says
Ex-governor Philip Lane tells Minister that ‘variable pay’ is vital to retain critical staff
06/06/2019
Banks Fined $91 Million Over FX as Essex Express Rides Again
UBS Group AG avoided a fine because it helped reveal the existence of the cartel.
06/06/2019
Pull, push, pipes: sustainable capital flows for a new world order - speech by Mark Carney
Given at the 2019 Institute of International Finance Spring Membership Meeting, Tokyo
06/06/2019
Women in Finance Summit 2019: John Glen speech
Economic Secretary John Glen spoke at the 2019 Women in Finance Summit on the progress made towards greater gender equality and the lengths still to go.
06/05/2019
UHNWIs turn to the US amid growing European instability
By contrast, the US has become an attractive destination for ultra-high-net-worth individuals from around the globe
06/05/2019
Liberbank to distribute new fund subordinated to JP Morgan AM' s strategy
The Spanish bank has also unveiled its plans to create another master-feeder structure of the JP Morgan's Multi- manager Alternatives fund with the aim to continue strengthening its range of alternative products.
06/05/2019
BoE tells bank boards to take responsibility for machine failings
Bank board members will have to pay increasingly close attention to functions which are being automated and no longer carried out by individuals, including anti-money laundering checks, a senior Bank of England official said on Tuesday.
06/05/2019
UK competition watchdog probes Charter Court, OneSavings merger
The marriage marks a major step towards consolidation among “challenger banks” and gives the firms more heft to take on the biggest lenders in Britain.
06/05/2019
FCA and Dutch AFM Announce Closer Partnership
The agreement builds on the tight bond the UK and Dutch authorities already have and it also develops the relationship in areas such as FinTech, a pro-active and data-led approach to supervision and encouraging proper behaviour within firms.
06/04/2019
FCA fines investment company, CEO and Finance Director
The Financial Conduct Authority (FCA) has today published Decision Notices concerning Cathay International Holdings Limited and 2 of its directors, Mr Jin-Yi Lee and Mr Eric Siu.