03/28/2019
Infosys Buys ABN Amro’s Mortgage Services Unit Stater For €127.5 Million
“It brings together our complementary capabilities to enhance the value we offer to our financial services clients.”
Legal, Regulation & Compliance
03/28/2019
European Parliament report on financial crimes, tax evasion and tax avoidance
Conclusions from the special committee established to step up fight against tax crimes at EU and global level
03/28/2019
Increased Interest by High Net Worth Individuals of South Africa for the Cypriot Citizenship by Investment Program
Cyprus, the third largest island in the Mediterranean, member state of the EU since 2004 and a member of the Eurozone since 2008, is a business hub, a welcoming environment and a very popular tourist destination.
03/28/2019
Central banking and banking supervision in today’s financial markets by Pentti
Speech by Pentti Hakkarainen, Member of the Supervisory Board of the ECB, at Sveriges Riksbank, Stockholm, 27 March 2019
03/28/2019
Arbuthnot lays out plans to ensure EU payments post Brexit
The London-based lender also said it may no longer be able to provide financial advice to citizens in the EU after Britain's exit.
03/28/2019
International spillovers of monetary policy and financial stability concerns by Luis de Guindo
Speech by Luis de Guindos, Vice-President of the ECB, at The ECB and Its Watchers XX conference, Frankfurt am Main, 27 March 2019
03/28/2019
Cross-border banking since the crisis – lessons for supervisors by Sabine Lautenschläger
Statement by Sabine Lautenschläger, Member of the Executive Board of the ECB, at the 10 Years Vienna Initiative - Anniversary Conference 2019, in Vienna, Austria, 27 March 2019
03/28/2019
Co-op Bank left 'defenceless' by regulator in ill-fated merger
Britain's City watchdog approved an ill-fated 2009 tie-up with the Britannia despite knowing of "vulnerabilities", a report finds.
03/27/2019
City Financial enters administration
City Financial will update direct investors and intermediaries in writing over the coming weeks.
03/27/2019
RSM's Weekly Tax Brief
The legislation is fairly brief and HMRC did issue some guidance in early 2018.
03/27/2019
EU Copyright Directive: A dark day for internet freedom?
Under article 13, sites would be found directly liable for copyright infringement if infringing content uploaded by a user is found to be on it.
03/27/2019
European Parliament report accuses seven countries, including Cyprus, of acting as tax havens
Lawmakers said EU states should “phase out” as soon as possible all existing schemes to market citizenship and residency permits to wealthy foreigners. Currently 20 of the 28 EU states run these programmes.
03/27/2019
Bermuda sending team to Europe to discuss removal from EU blacklist
The team is expected to meet Robert Jenrick, exchequer secretary to the Treasury, in London, and Pierre Moscovici, European commissioner for economic and financial affairs, taxation and customs, and ambassador Luminita Odobescu, permanent representative o
03/27/2019
EU Lawmakers Adopt Plan to Create Multiple Financial Crime Agencies
Parliamentarians separately called out specific jurisdictions for their purportedly lax controls on financial crime.
03/27/2019
Citigroup Sued for Age Discrimination by 56-Year-Old Banker
Bank says that it will defend against the claims ‘vigorously’
03/27/2019
Guernsey substance rules – the Banking and Finance perspective
Guernsey tax resident entities which carry on relevant activities will need to demonstrate that they carry out core income generating activities (CIGA) in Guernsey.
03/27/2019
Jersey's Lumiere fraud victims to receive £785,000
Bryne was sentenced to seven years in prison last year,
03/27/2019
MEPs vote for change in ‘tax haven’ Malta, phasing out of cash for passports
It recommended new legislation and the creation of new bodies at both EU and global level, including an EU financial police force and an EU anti-money laundering watchdog.
03/26/2019
FCA final report: Review of retained CCA provisions
The report does not make formal recommendations but provides analysis and evidence to enable the government to decide on the future of CCA provisions.
03/26/2019
Lloyds chief Antonio Horta-Osorio will face MPs over 'stealth' pay rise that followed cut to his pension
Committee chairman Frank Field, an independent MP, said: 'We will be asking companies to account for themselves when they submit evidence to our review.'