03/31/2017
Luxembourg says has legal right to host relocating EU banking body
The European Commission has suggested last week that one option could be to move the body to Frankfurt
Legal, Regulation & Compliance
03/31/2017
Dutch regulator clears Chesnara-L&G Nederland deal
The increase in value includes an increasingly material contribution from new business profits in Sweden where we have delivered our best ever results.
03/31/2017
U.K.'s Pensions Regulator outlines guidance for corporate pension plan trustees
The guidance includes examples of approaches and factors that trustees should consider when investing DB assets.
03/31/2017
EU response on state aid to arrive soon for the two Veneto banks
The message means that attention is being paid to the process and its timing.
03/31/2017
Linklaters signs up with Obelisk to access flexible lawyer pool
Obelisk’s offer makes sense for our lawyers and our clients alike
03/31/2017
Jail for solicitor who plundered £4m from clients and Church of England
Sums of illegally obtained cash also went on funding mortgages for relatives, private school fees for her grandchild and landscaping work at her home.
03/31/2017
Apfa tells FCA to go further in FSCS reforms
Among the proposals being put forward by the FCA are more provider contributions to the FSCS and a reduced number of funding classes.
03/31/2017
More calls to regulate UK investment consultants
Pensions Regulator suggests institutional advice sector should face greater scrutiny
03/31/2017
GE Capital Exits European Consolidated Prudential Supervision
GE Capital has signed and closed deals representing $198 billion of ending net investment.
03/31/2017
Jersey Continues to have Confidence as an International Finance Centre as Article 50 is Triggered
However, a decade ago Jersey’s finance industry recognised the importance of diversification, and began a strategy of developing business revenue streams from the rest of the world, Mr Cook said.
03/31/2017
Charity censured for selling £21m property for £6m
The disposal of the property was complicated by a particularly restrictive clause in the lease about the use of the property.
03/31/2017
Madoff Deals Locked in Safe at Center of U.K. Hedge-Fund Lawsuit
It may be seeking as much as $66 million in damages in its London lawsuit.
03/31/2017
Luxembourg joins the scramble for the European Banking Authority
The letter was also sent to the President of the European Commission, Jean-Claude Juncker, who is also the former Prime Minister of Luxemburg.
03/30/2017
Santander to pay $25.9 million to resolve subprime auto loan probes
The loans were then packaged into securities sold to investors.
03/30/2017
Alternatives: The growing demand for Sharia-compliant UK property funds
The first World Islamic Economic Forum outside the Middle East was held in London in 2013.
03/30/2017
Herbert Smith Freehills - Financial regulation update
Brexit: Prime Minister’s letter to Donald Tusk triggering Article 50
03/30/2017
General Data Protection Regulation in Jersey
The hefty fines underline the seriousness of the reforms.
03/30/2017
Insurer Lloyd's of London confirms new Brussels subsidiary
The company's continental business generates 11% of its premiums.
03/30/2017
Ulster Bank to close two City branches
“The changes announced will put us in a much better position to focus on the evolving needs of our customers and on our ambition to be the number one bank for customer service, trust and advocacy.”
03/30/2017
Chinese banks race to stay liquid, funded ahead of PBOC risk inspection Read more: http://www.dailymail.co.uk/wires/reuters/article-4363174/Chinese-banks-race-stay-liquid-funded-ahead-PBOC-risk-inspection.html#ixzz4coHppmoz Follow us: @MailOnline on Twi
Wealth management products (WMPs), often linked to shadow banking, have seen explosive growth in the last few years even as authorities try to contain risks from a rapid build-up in debt.