07/22/2018
Police to get Bitcoin training amid money-laundering worries
Other authorities in the Square Mile are also scrambling to catch up with the cryptocurrency boom.
Legal, Regulation & Compliance
07/22/2018
Italian banker dodges queries on Africa deals
Sources in Washington say Intesa Sanpaolo has expressed interest in entering a co-financing deal with OPIC on the two mega African M&A deals.
07/22/2018
Mourant advises on IPO on AIM
Mourant Ozannes has significant IPO experience on AIM and main market listings
07/20/2018
FCA publishes Annual Report and Accounts 2017/18
This Annual Report shows that keeping pace with the depth and breadth of developments in financial services can be a challenging balancing act.
07/20/2018
EBA publishes final Guidelines on fraud reporting under PSD2
These Guidelines require payment service providers across the 28 EU Member States to collect and report data on payment transactions and fraudulent payment transactions
07/20/2018
EBA publishes final guidance to strengthen the Pillar 2 framework
The comprehensive EU SREP framework, which was introduced by the EBA in 2014, is now well established and in use by supervisors across the EU.
07/20/2018
Ex-GP hired hitman to kill Brown Shipley adviser, court hears
David Crichton had vendetta against adviser over £300,000 pension loss, court hears
07/20/2018
FCA writes to 152 firms over high-risk investments
FCA will continue to monitor the issue, but stopped short of suggesting the regulator will intervene to solve the problem
07/20/2018
HM Treasury: Proposed division of responsibilities for EU financial services
At Tresury oral question this week...
07/20/2018
Star traders get jail term over Euribor rigging
The conviction follows a guilty plea by Christian Bittar, former Principal Trader at Deutsche Bank, before the start of the trial in March 2018.
07/19/2018
ESMA Clarifies Endorsement Regime for Non-EU Credit Ratings
The new section aims to assist EU CRAs in assessing whether a third-country CRA’s internal requirements meet the as stringent as test.
07/19/2018
Keeping it real: The EU Council’s substance requirements by Ashley Fife, Appleby
Numerous other “offshore financial centres” face an end-of-year deadline to avoid being placed on the European Union Council list of non-cooperative jurisdictions for tax purposes.
07/19/2018
Innovative law firm opens up South African UCITS market with novel fund registration
This has meant most UCITS are, as they stand, unsuitable for registration in South Africa.
07/19/2018
The Compliance Complexity Index 2018 - TMF
At the same time, legal and tax teams need to know what jurisdictions are complex for handling compliance issues.
07/19/2018
Jersey likes EU sanctions too: a brief look at the implementation of EU sanctions in Jersey
The General Provisions Order also sets out provisions regarding sanctions offences committed by a limited liability partnership, a separate limited partnership, an incorporated limited partnership or another body corporate.
07/18/2018
Liontrust to consolidate outsourced fund services to BNY Mellon
The UK asset manager will consolidate its asset servicing relationships for its UK and Ireland fund ranges and use BNY Mellon as its sole outsourcing provider.
07/18/2018
Banks sued by 15 major councils in controversial loans fraud court battle
The high-profile loans allow private banks to propose or impose a new fixed rate on a pre-determined future start date.
07/18/2018
FCA to shake up rules for advisers caring for clients
The FCA said it could introduce a duty of care by extending the client's best interests rule, which currently only covers non-regulated activity, to cover all regulated activities.
07/18/2018
Deloitte resigns from Linklaters audit
PwC will take the Linklaters audit role
07/18/2018
CMA proposes major overhaul of £1.6trn investment consultancy sector
The investment consultancy market is dominated by three players, Aon Hewitt, Mercer and Willis Towers Watson.