09/13/2017
Spain probes ICBC’s European unit over money laundering
The Luxembourg unit of ICBC holds the lender’s EU bank licence and is responsible for supervising the Madrid branch.
Legal, Regulation & Compliance
09/13/2017
Standard Chartered faces bribery accusations over Indonesian subsidiary
The investigation was into whether Standard Chartered took adequate steps to prevent or stop the alleged misconduct.
09/12/2017
Herbert Smith Freehills - Financial regulation e-bulletin
FCA update to MiFID II notification obligations for firms
09/12/2017
US Sues Former Deutsche Bank Executive For Securities Fraud
Defendant Involved in the Sale of Over $1 Billion in Deutsche Bank Residential Mortgage-Backed Securities
09/12/2017
UK finance watchdog warns on ICOs: Be 'prepared to lose your entire stake'
Some ICOs feature parallels with Initial Public Offerings, private placement of securities, crowdfunding or even collective investment schemes.
09/11/2017
Investment banks to clash over Mifid II rules on free research
EU legislation requires fund managers to pay directly for analyst research from 2018
09/11/2017
Brightstar joins Legal and General specialist distributor panel
The appointment is the latest step in a landmark year for Brightstar as it remains on course to pass £1bn in specialist lending during 2017.
09/10/2017
Europe's bank regulators on expensive hiring spree before Brexit
The European Central Bank, which has overall responsibility for supervising banks, is also seeking new staff.
09/10/2017
Financial Ombudsman sides with HSBC as firms mull frozen account appeals
Firms said their future had been put under threat after being unable to pay staff and suppliers.
09/08/2017
FCA on fair treatment of longstanding customers review
No inferences should be drawn from the closure of the Police Mutual case concerning the continuing investigations.
09/08/2017
European Central Bank is Working on Licensing Rules for FinTech Companies
The European Central Bank plans to create licensing guidelines for financial technology firms.
09/07/2017
Russian Central Bank Puts Its Foot Down On Crypto-Currency
Crypto-currencies are issued by an unlimited circle of anonymous entities.
09/07/2017
Fintech pushes EU to explore changes to bank software rules
We will envisage appropriate action if needed.
09/06/2017
Banks in bid to win software investment boost from EU
EU banking rules treat software as a cost rather than an investment, forcing lenders to cover expenditure on digital applications with an equal amount of capital.
09/06/2017
Herbert Smith Freehills - Financial regulation update
EBA final draft BRRD ITS on MREL reporting
09/06/2017
Mourant Ozannes advises Mitsui on sale of £35m share in UK hydro power firm
The transaction was effected through a reorganisation of the existing joint venture structure
09/06/2017
FCA told to rewrite rules to recognise WhatsApp
He said email is “dead” and UK regulators need to recognise this.
09/06/2017
Harlequin open to bad advice claims after Ucis ruling
Harlequin claimed the majority of its investors opposed the bankruptcy
09/05/2017
UK at centre of secret $3bn Azerbaijani money laundering and lobbying scheme
There is no suggestion that all the recipients were aware of the original source of the money.
09/05/2017
KWM Europe and how not to run a law firm
Wang Rongkang charged with cleaning up after wreck of SJ Berwin merger