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Legal, Regulation & Compliance

08/18/2017

Russian watchdog asks Alfa Capital to withdraw research note on banks

Alfa Bank and its unit Alfa Capital both said on Wednesdday that the research note was the personal opinion of its author and that the bank and the asset management company did not share this opinion.

08/18/2017

Herbert Smith Freehills - Financial regulation update

FCA consultation on 2017/18 fee rates for market infrastructure providers

08/18/2017

Luxembourg publishes new BEPS-compliant draft of IP regime

If approved, the new rules would be applicable as from fiscal year 2018.

08/18/2017

Agencies Extend Resolution Plan Filing Deadline for Certain Foreign and Domestic Banks

The firms have submitted prior plans that provide the agencies with an understanding of their limited U.S. operations.

08/17/2017

Millionaire banker accused of driving his £150k Aston Martin while twice the limit claims breath test was wrong because he was sick just before

Stephen Decani was stopped by cops on swanky Kings Road after they allegedly saw him unsteady on his feet getting into his car

08/17/2017

Suspected Swiss spy indicted in Germany

The defendant recruited a source of information from the tax administration there.

08/17/2017

Platforms under FCA scrutiny defend fund picks

Affiliated funds were also less likely to be removed from buy lists.

08/17/2017

Tribunal fines Blackburn solicitor over £1.6million funding agreement misconduct

The Solicitors Regulation Authority told the hearing Ms Virmani had 'failed to maintain the trust the public placed in her' as well as 'failing to run the business effectively'

08/17/2017

Deutsche Börse probe widens to all of top management

Prosecutors, state regulator and financial watchdog now examining German stock exchange

08/17/2017

Nordea and Danske Bank being investigated for money laundering

It is especially Danske Bank in Estonia, which the backers have sent the money laundered to.

08/17/2017

Increasing defined benefit pensions: how should trustees and employers proceed?

Employers and trustees are struggling to know what to do.

08/17/2017

Blacklisted tax havens could face four types of sanctions

The document also stated that sanctions imposed by EU member countries should be “appropriate in the context of their national tax legislation.

08/17/2017

UBS loses senior quant risk specialists as juniorisation hits the middle office

These senior departures at UBS come at a time when demand is picking up for senior risk professionals with an understanding of model validation.

08/17/2017

Banco Popular investors launch legal bid to annul fire sale to Santander

The bondholders are not seeking specific damages.

08/17/2017

European Union To Link Emissions Trading System With Switzerland

The EU ETS is based on a ‘cap and trade’ system in which a cap is set on the total amount of certain greenhouse gas emissions that are allowed to be emitted by installations covered by the EU ETS.

08/17/2017

FDIC sues Barclays, RBS and other banks over Libor

Agency claims failed US lenders lost money because rate was manipulated downward

08/17/2017

New FCA advice definition keeps providers shackled

The FCA and industry to work together to find a way forward.

08/16/2017

Herbert Smith Freehills - Financial regulation update

MiFIR: draft Commission Delegated Regulation on package orders

08/16/2017

OneCoin Promoters Fined €2.6 Million by Italian Consumer Watchdog

The companies were sanctioned for utilizing pyramid scheme tactics and misleading investors through promotional materials and events.

08/16/2017

FRC consults on non-financial reporting guidance

High quality reporting enhances transparency and trust in business.

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