08/25/2017
Bloomberg granted FCA approval for MiFID II reporting product
As a component of Bloomberg’s pre-integrated MiFID II solution, Bloomberg’s APA will allow the seamless publication of required trade details when MiFID II goes into force.
Legal, Regulation & Compliance
08/25/2017
Two SocGen managers accused of Libor manipulation
Prosecutors claim their actions caused roughly $170m of harm to financial markets
08/25/2017
Romanian government may cut private pension contributions
Certain numbers are concerning to us regarding pensioners that have only accessed the second pillar
08/25/2017
Luxembourg professor joins global experts to research FinTech law and regulation
They include the impact of big data on the financial system
08/24/2017
Herbert Smith Freehills - Financial regulation update
Payment systems supervision MOU
08/24/2017
Amsterdam’s Secret Brexit Sauce Is a Friendly Regulator
Now, with fewer than two years until the U.K. leaves the European Union, local trading firms are helping to showcase Amsterdam’s attractions.
08/24/2017
Wealth managers risk fines over offshore asset warning letters
If you have money or other assets abroad, you could owe tax in the UK
08/24/2017
FCA finds compliance officer with 20-yr record unfit for role
He was COO and head of compliance at a UK wealth management firm.
08/24/2017
Dutch government demands €13m in negative interest from Deutsche Bank
All other counterparties with the Dutch state are paying negative interest on the collateral that is held in cash.
08/23/2017
Pensions regulator launches prosecution against BHS man
The notices requiring information were issued to Mr Chappell on 26 April 2016, 13 May 2016 and 20 February 2017.
08/23/2017
Herbert Smith Freehills - Financial regulation update
OJ: ECB decision on the provision of supervisory data
08/23/2017
Carey Olsen advises Permira investment partnership
The deal value and stake in Klarna is undisclosed and it is Permira’s first foray into the Fintech sector.
08/22/2017
EBA urged to follow Singapore's approach to the regulation of cloud outsourcing by banks
The firms must be able to demonstrate their compliance to the regulator.
08/22/2017
Former Lloyds CEO sues for unpaid bonuses
It was unclear how much Tate, who resigned from Lloyds a year after Daniels, is seeking.
08/22/2017
Herbert Smith Freehills - Financial regulation update
European Commission: MIFIR delegated regulation on treatment of package orders
08/21/2017
Ukraine arrests French-Israeli wanted in ‘fake CEO’ scam
Gilbert Chikli, living in Israel since 2009, nabbed along with another French-Israeli suspect
08/21/2017
Government to ban all cold calling on pensions in crackdown on multimillion-pound scams
Other measures include tougher action to halt the transfer of money from occupational pension schemes into fraudulent ones
08/21/2017
Banca IMI Securities to Pay $35 Million for Improper Handling of ADRs in Continuing SEC Crackdown
The SEC’s order finds that BISC obtained pre-released ADRs and lent them to counterparties without satisfying the proper requirements.
08/21/2017
UK banks plan for new accounting rules on bad loans
The survey sample included five large banks in the UK.
08/21/2017
SEC Drops Suit Against 'London Whale' Traders
Recent, unspecified statements and writings by the London Whale himself, Bruno Iksil, undermined prosecutors' plans to call him as a witness against Julien Grout and Javier Martin-Artajo, shown in 2013