10/23/2018
UBS Accuses French Whistle-Blowers of Lying, Blackmail
Executive says whistle-blowing triggered internal probe
Legal, Regulation & Compliance
10/23/2018
UBS Accuses French Whistle-Blowers of Lying, Blackmail
The testimony came during the third week of a trial over allegations that UBS bankers illegally encouraged French citizens to lower their tax bills by moving money out of the country.
10/23/2018
Advisers warned about Mifid II compliance
The regulator added the requirements applied from 3 January 2018 and do not require disclosure of costs and charges incurred before that date.
10/23/2018
What you need to know about unexplained wealth orders
Learn what is an unexplained wealth order or UWO.
10/23/2018
Where next for the charity sector?
It’s incredible just how entrenched these trends have become, given they were hardly spoken of just a few years ago.
10/22/2018
Green FinTech Challenge
Once the application window has closed we will assess all applications and select a small number of firms that meet the criteria.
10/22/2018
Central Bank Streamlines Procedures for Irish Retail Funds
The welcome procedural amendments, introduced with immediate effect, focus on expediting the processing of certain authorisation and post-authorisation amendments for UCITS and RIAIFs through the introduction of a same-day approval process for those appli
10/22/2018
Russian Billionaire Sues Scandinavian Banks Over Service Agreement Breach
The banks were notified about the lawsuit a week ago and have 30 days to respond after signing a paper which confirms the receipt of notification.
10/22/2018
Commerzbank made a change to its bonuses that should have Deutsche Bankers freaking out
A brief look at today's changes to Commerzbank's bonus scheme could make them sweatier still.
10/22/2018
UBS quizzed about torn bonus notebooks by French prosecutors
De Fayet is on trial in Paris for allegedly helping employees at the Swiss bank, who crossed the border, seek out new French clients despite not having the right paperwork.
10/22/2018
France to lead Europe with regulation of ICOs
France is not the first country to look into whether and how ICOs should be regulated.
10/22/2018
SJP plans 10-day blackout for replatforming
It is understood clients will still be able to continue making investments during the down period.
10/22/2018
Regulatory and operational barriers to digital payment remain
The World Payments Report 2018, which looks at innovation in the digital payments landscape and highlights what to expect from BigTech entrants, found that digital payments are experiencing a boom driven by developing markets.
10/22/2018
Four people behind £13.7 million pension scam banned from being trustees
The Pensions Regulator (TPR) has now prohibited Mr Austin from acting as a pension scheme trustee to protect pension holders.
10/22/2018
Mifid II may force platforms to change strategy
"Will they have to change their strategy? Maybe, in terms of Mifid II we might see financial advisers moving away from those [who don't change]."
10/22/2018
Ex-Deutsche trader charged in rate-rigging case
This followed Mr Hauschild’s arrest in Italy in August 2018 after his trip to the country activated a European Arrest Warrant secured by the SFO.
10/22/2018
Ireland’s frontrunner for EU bank watchdog job faces parliament grilling
Mario Draghi’s preferred choice Sharon Donnery is facing two contenders in race for coveted post
10/22/2018
An evaluation of bringing additional benchmarks into the regulatory and supervisory regime
In this paper, we evaluate the Benchmarks (Amendment) Instrument 2015, which brought seven benchmarks into our regulatory and supervisory regime.
10/22/2018
Serious Fraud Office presses for criminal charges to be reinstated against Barclays
The Serious Fraud Office (SFO) is pressing to get criminal charges reinstated against Barclays related to its capital raising arrangements at the height of the financial crisis.
10/19/2018
Ombudsman’s review “will do little to help restore public confidence in the FOS
The second stage will comprise a further review of any case found not to have been handled in accordance with the FOS’ controls and standards to examine the outcome, which will be undertaken by Carol Brady MBE.