12/11/2018
FCA warns managers of wholesale banking and asset management firms have limited familiarity with cyber risks
Firms reviewed by the FCA generally lacked Board members with strong familiarity or specific technical cyber-expertise.
Legal, Regulation & Compliance
12/11/2018
France's Macron Promises Wage Rises, Tax Cuts Amid Yellow Vest Protest
Reactions from the protesters, who have mounted roadblocks around France since mid-November wearing the fluorescent yellow safety tops that have become their symbol, were not as clear.
12/11/2018
Credit Suisse Suspected of Failings in Wealth-Manager Probe
This is the second fraud case in recent years in the Swiss city involving client assets at Credit Suisse.
12/11/2018
Guernsey Finance prepares to update industry on progress
Last year’s update was our most comprehensive yet and the response was excellent, with our highest-ever attendance by some distance.
12/11/2018
Jersey passes Brexit contingency plan laws
Legislation means the channel island avoids inclusion in the EU blacklist for tax havens
12/11/2018
Milestone for insurers as they come under the Senior Managers and Certification Regime
The extension of the SM&CR will ensure that all staff understand who has ultimate and overall responsibility.
12/11/2018
ECB supervision at 5: challenges, opportunities and wishes
Speech by Ignazio Angeloni, Member of the Supervisory Board of the ECB, at the Official Monetary and Financial Institutions Forum, London 10 December 2018
12/11/2018
Top EU court gives all-clear for ECB bond-buying
While the judgement is a relief for the ECB, it is economically almost moot as the 2.6-trillion euro scheme is set to end this month.
12/10/2018
BoE speech on setting standards
At the Bank, we have been exploring how new sources of data can deepen our understanding of the economy and financial sector to further our mission.
12/10/2018
The United Kingdom's measures to combat money laundering and terrorist financing
The UK is the largest financial services provider in the world.
12/10/2018
UK Serious Fraud Office ends first deferred prosecution agreement with a South African bank
The DPA required Standard Bank to pay fines and disgorgement totaling almost $26 million, pay an additional $6 million to compensate the government of Tanzania, and hire an external compliance consultant.
12/10/2018
The Cayman Islands: An Extender of Value to the UK
Cayman Finance submission to the UK Parliament’s Foreign Affairs Committee ‘Future of the UK Overseas Territories Inquiry’
12/10/2018
MIFID II: ESMA Issues latest double volume Cap Data
The instruments for which caps already existed from previous periods will continue to be suspended.
12/10/2018
Government proposes substance tests for offshore businesses
The new legislation comes in response to the threat of a blacklisting by the European Union as part of the EU’s process of assessing whether countries are deemed cooperative or uncooperative in tax matters.
12/10/2018
Two British Banks Ensnared in Huawei Dispute
HSBC, Standard Chartered said to be among institutions potentially misled by the Chinese company
12/10/2018
Investment scheme fraudster pleads guilty
The hearing was adjourned till 7 January 2019.
12/10/2018
Fraudster only invested £8,000 of the £3million handed over to him
The father of three blew more than £1million on his children’s private education, property, cars and exotic holidays.
12/10/2018
Investors Worry About U.K. Auditors’ Contributions to U.S. Audits
U.K. accounting firms whose performance has been harshly criticized do significant work on the audits of many American companies ] m m m mm
12/09/2018
UK judge to rule on extradition of Vijay Mallya, the Indian tycoon nicknamed ‘King of Good Times’
The Indian authorities have been seeking Mallya’s extradition after financial investigators accused him of siphoning off millions from the loans to buy properties overseas.
12/07/2018
Police raids were not the fault of Deutsche Bank management, CFO says
Deutsche Bank offices were raided by German police last week.