07/16/2019
Santander offered a €52m sign-on to Andrea Orcel
Formal offer letter shows how much bank was prepared to pay up for new CEO
Legal, Regulation & Compliance
07/16/2019
LIBOR: preparing for the end
Speech by Andrew Bailey, Chief Executive of the FCA, at the Securities Industry and Financial Markets Association's LIBOR Transition Briefing in New York, USA.
07/15/2019
IBB Solicitors expands into the heart of Reading
This latest move by IBB aligns with its clear vision to put its clients at the centre of everything it does.
07/15/2019
ING's Belgian Unit Fined for Money-Laundering Violations
ING Belgium was hit with the penalty on April 24, Julie Kerremans, a Brussels-based spokeswoman for the unit, said in an emailed statement on Sunday.
07/15/2019
These recent data breaches generated huge fines, so here’s why your data processing agreements need to be watertight
The final amount of the fines may well be decreased in court.
07/15/2019
Esma fines Regis-TR EUR56K for data access failures
This is a key requirement to improve transparency and facilitate the monitoring of systemic risks in the derivatives markets.
07/15/2019
Vatican mystery: Bones discovered in case of missing daughter of Vatican Bank employee
The Vatican said their bodies may have been moved during a restoration in the 1960s and 1970s.
07/14/2019
ESMA Updates thr ESEF Reporting Manual
ESMA will continue to monitor relevant markets developments and gather feedback on issues frequently encountered.
07/14/2019
ESMA publishes report on the licencing of FinTech firms across Europe test
The Report addresses one of the five action points of the European Commission FinTech Action plan, namely ESMA’s mandate ‘to map current authorising and licensing approaches for innovative FinTech business models in Europe’.
07/13/2019
DLA Piper advises IMF Bentham on new USD500 million fund
Fund 5 has been established as a Cayman Islands exempted limited partnership, with IMF Bentham and its related entities providing investment management and advisory services.
07/12/2019
Facilitating cross-border distribution of investment funds | European Parliament backs proposals including new pre-marketing rules
The rules significantly narrow the scope of reverse solicitation, as any subscription by an investor into the AIF within 18 months of the pre-marketing would be deemed to have arisen as a result of AIFMD marketing
07/12/2019
FCA Business Plan 2019/20 | Funds Focus
These bring industry benefits, but also cause oversight problems and have the potential to threaten stability and resilience across the sector.
07/12/2019
Funds and Investment Management Update-Ireland and Luxembourg-Q2 2019
Welcome to the first of our extended Funds & Investment Management quarterly updates which considers recent legal, regulatory, tax and listing developments in both Ireland and Luxembourg.
07/12/2019
FPC Financial Stability Report and Record
The Financial Stability Report and Record set out our Financial Policy Committee's view on the stability of the UK financial system and what it is doing to remove or reduce any risks to it.
07/12/2019
Northern Ireland's economy is on back foot as Brexit bites
NI's economy has shown the most concerning signs yet that Brexit is damaging business
07/12/2019
FCA multi-firm review on retail banking BCP
We also assessed how firms are considering consumer harm and the proactive steps taken to identify and remediate.
07/12/2019
HSBC agrees to extend redress scheme for customers impacted by historical debt collection practices
HSBC has voluntarily agreed to extend its redress scheme for customers who may have lost out by paying an unreasonable debt collection charge imposed by HFC Bank Ltd (HFC) and John Lewis Financial Services Limited (JLFS), the Financial Conduct Authority (
07/12/2019
Fugitive Jeweler Convicted of Money Laundering in U.K.
The criminal property laundered was £1.5 million representing the proceeds of a conspiracy to insider deal by Martyn Dodgson and Andrew Hind. Mr Baldwin used off-shore companies, bank accounts and false invoices to effect his money laundering.
07/12/2019
Residency and Cat 2 in Gibraltar
Only individuals not currently resident in Gibraltar and who have not been resident in any of the previous five years of assessment may apply for a Qualifying Certificate.
07/12/2019
Updated guide on the insurability of GDPR fines across Europe
Boardrooms are understandably concerned about the scale of fines imposed following the introduction of GDPR last year.