08/11/2017
FCA signals death knell for LIBOR
Protocol solutions have not previously been seen in the loan markets and are unlikely to provide a total solution in any event.
Legal, Regulation & Compliance
08/11/2017
Watchdog names and shames high-profile organisations for basic pension governance shortcomings
A large proportion of those failing to produce a statement involved schemes with fewer than 100 members but some were large employers.
08/11/2017
Regulator issues 5,837 penalty notices
Fifty one employers have been issued with escalating penalty notices from The Pensions Regulator
08/11/2017
$855k Russian bank hacker to be extradited from Spain
He is wanted by the United States on suspicion of computer abuse and fraud and on another count of electronic fraud
08/11/2017
Partner at private equity firm denies being jogger who pushed woman into bus
Eric Bellquist has been arrested and released on bail but says he has proof he was in the US at the time of the incident
08/10/2017
Investors must pay less on the asset management gravy train
There are many mouths to feed on the asset management gravy train – but it’s the customer at the end of the line who always seems to pick up the tab. It shouldn't be like this, argues Anthony Morrow
08/10/2017
EU regulator calls for tougher regulations on state aid for banks
The SRB was set up at the same time, consisting of representatives from relevant national authorities
08/10/2017
UK Pensions Regulator Goes Back to the Future
Failure to do so in this new regulatory environment could result in a less than smooth passage through the space-time continuum!
08/09/2017
Herbert Smith Freehills - Financial regulation update
MiFID II: updated ESMA guidelines on transaction reporting, order record keeping and clock synchronisation
08/09/2017
Esma updates MiFID II guidelines
ESMA emphasises that none of the corrections aims to alter the substance or policy provisions of the Guidelines originally published on 10 October 2016.
08/09/2017
ABN Amro Adds Defendants To $12M Defaulted Loan Suit
The bank decided a day after the disaster that there was no capacity to lend the cash.
08/09/2017
Commission approves acquisition of Banco Popular Español S.A. by Banco Santander
Its investigation concluded that the transaction would not raise competition concerns.
08/09/2017
Ban and fine against former UK adviser network CEO upheld
The FCA, in handing down the ban, said that the actions of the firm created an inherent risk that underlying customers would receive unsuitable advice.
08/08/2017
RBS Under FCA Investigation over Money Laundering Scheme
The Guardian reported earlier this year on a Russian money laundering scheme dubbed 'the Laundromat'.
08/08/2017
High-Profile Spanish Money Laundering Investigation of Chinese Bank Raises Questions About Future of Similar U.S. Enforcement - Ballard Spahr
In the nearly 18 months following that raid and the numerous arrests made at that time, very little information about this money laundering investigation became known publically.
08/08/2017
Tighter EU curbs urged on winding down banks
Regulator calls for closure of loophole used by Italy to spare bondholders
08/08/2017
EU parliament makes futile attempt to legislate interbank FX out of London. Not a chance…..
Clearing of derivatives will never be pushed out of its natural home by bureaucrats.
08/08/2017
Law firm merger to create 'legal powerhouse'
Turnover for the combined mid-market firm will exceed £30m in 2017/18, two thirds of which will be in Sussex and Surrey.
08/08/2017
Hill Dickinson, Xyone Cyber Security and The Compliance Foundation combine forces
Our new partnership with The Compliance Foundation and Xyone Cyber Security gives businesses the legal, compliance and IT tools to meet this challenge all in one place.
08/08/2017
The MLI’s impact on alternative investment funds
Countries have started sharing their treaty choices with the OECD.