07/08/2019
Monaco and the USA are negotiating agreement for exchange of country-by-country reports
The country-by-country reporting scheme was established by countries in 2015 as a result of the OECD/G20 base erosion profit shifting plan.
Legal, Regulation & Compliance
07/08/2019
Smurfing: How Russians laundered €4m in Belgium
The method is called "Smurfing" by money-laundering experts - using minions, like the little blue men in the popular Belgian comic book, to break up stolen funds into small parts in order to buy normal things and evade controls.
07/07/2019
Senior Managers and Certification Regime: solo-regulated firms
This extension affects almost every solo-regulated firm, from very small firms (including sole traders and limited permission consumer credit firms) to some of the largest global firms.
07/07/2019
Bank trader acquitted in EURIBOR trial
The former Managing Director at Deutsche Bank was found not guilty of manipulating EURIBOR at the height of the financial crisis.
07/07/2019
EBA report on implementation of POG guidelines
The EBA promotes a transparent, simple and fair internal market for consumer financial products and services
07/07/2019
EIOPA establishes Expert Practioner Panel on PEPP
With the insights of the Expert Practitioner Panel, EIOPA will develop superior solutions and smart policy advice that incentivises financial innovation for the benefit of the European consumers.
07/05/2019
Lyxor partners with New York based AM to launch market neutral equity fund
The new strategy seeks to take advantage of market inefficiencies through both traditional data such as price and volume and non-technical alternative data sets.
07/05/2019
A changing landscape: the FCA’s strategic priorities for the pensions sector
Speech by Edwin Schooling Latter, Director of Markets and Wholesale Policy at the FCA, delivered at Pensions and Benefits UK 2019.
07/05/2019
In Brexit Britain, battling home lenders chase risk and pensioners
In the past year, the lender has started offering more high risk loans, targeted borrowers in their 70s and 80s and launched an interest-only mortgage aimed at retirees that lasts up to 55 years — the principal is repaid when the borrower dies or mo
07/05/2019
CMA directs Barclays to fix banned banking practices
The CMA has directed Barclays to improve its practices after the bank broke rules designed to protect small businesses.
07/05/2019
Macroprudential policy ten years after the crisis
Keynote speech by Luis de Guindos, Vice-President of the ECB, at the CIRSF Annual International Conference 2019 “Financial Supervision and Financial Stability Ten Years after the Crisis: Achievements and Next Steps”, Lisbon, 4 July 2019
07/05/2019
How a German Banker’s Milan Holiday Led to Arrest, U.K. Trial
Hauschild was arrested at his hotel where he was staying with his wife.
07/05/2019
Basel Committee assesses members' implementation of the Net Stable Funding Ratio and large exposures framework
The assessments found that the NSFR and LEX regulations in each of these jurisdictions are compliant with the Basel Committee's global standards.
07/05/2019
Danske Whistleblower Claims Bank Sought to ‘Discredit’ Him with Probe: FT
Wilkinson is credited with being the first to disclose an estimated €200 billion in suspicious transactions processed by the unit and tied to high-risk clients in Russia and former Soviet states, according to the FT.
07/05/2019
Mattioli Woods cuts client costs ahead of FCA review
Ian Mattioli, chief executive of Mattioli Woods, said the company had lowered its costs for clients in anticipation of regulatory intervention in the market.
07/04/2019
Two Belfast companies acquired in major deals
Grant Thornton's UK chief executive Dave Dunckley said the group's increased focus on audit, tax and advisory services meant its wealth advisory division would be best served by a business focused solely on the financial advice market.
07/04/2019
Historic Yorkshire law firms merge
All staff are being retained in the merger with the combined total of employees now standing at 223 with 37 partners.
07/04/2019
German prosecutors intensify Deutsche Bank client investigation
The intensified scrutiny of Deutsche Bank, which has said it has no indication of any misconduct, comes at a delicate time as the Frankfurt-based bank seeks to revamp its struggling business and repair a reputation ravaged by a series of scandals
07/04/2019
Ex-UBS chief Andrea Orcel sues Santander for €100m over withdrawn job offer
Mr Orcel, 56, was one of the best-paid bankers in London and was a long-time adviser to the Botín family that is behind the Spanish lender.
07/04/2019
EMMI granted authorisation by Belgian Financial Services and Markets Authority
As a Critical Benchmark Administrator, EMMI has defined and implemented robust governance and control arrangements to ensure EURIBOR’s integrity and reliability.