03/07/2017
FCA publishes Insurance Distribution Directive consultation
The IDD aims to strengthen and consolidate the existing rules of IMD.
Legal, Regulation & Compliance
03/07/2017
EBA publishes Opinion on transitional arrangements and credit risk adjustments due to the introduction of IFRS 9
The EBA Opinion focuses on the main elements that should be considered when designing the transitional arrangements.
03/07/2017
Vienna Initiative: New Working Group on Capital Markets Union for CESEE region
Its focus is now on fostering home and host authority coordination in support of stable cross-border banking.
03/07/2017
J O Hambro Capital Management appoints Silverfinch to handle pan-European regulations
JOHCM has appointed Silverfinch in order to utilise the firm’s streamlined approach in dealing with all four regulations and support
03/07/2017
Mills & Reeve builds real estate clout with London merger
The merger, which goes live from June 1, will allow Mills & Reeve to further develop its real estate and projects and construction practices in the UK capital.
03/07/2017
Gina Miller urges FCA investigation into fund management 'price fixing'
Businesswoman and investment campaigner says there is no genuine competition among fund groups
03/07/2017
Law firms cosy up to UK fintech community
Over 25 firms applied, seeking £30,000 of value add services such as legal advice and guidance from experts at the firm
03/07/2017
OJK revokes permit of Royal Bank of Scotland's branch
The plan to shut down the branch offices in Indonesia has been realized in the second semester of 2015.
03/07/2017
Bond Dickinson shortlisted for three Legal Business awards
The winners will be selected by a high calibre judging panel of some of the industry’s leading figures.
03/07/2017
Sale of NBG Group’s stake in the South African Bank of Athens
The transaction is expected to close within the second semester of 2017 and is subject to customary regulatory and other approvals.
03/06/2017
Herbert Smith Freehills - Financial regulation update
PRA speech on capital regimes
03/06/2017
Jersey figures make clear that private placement is effective route for marketing funds into the EU
Particularly against the backdrop of Brexit with market proving such a critical issue for managers, private placement is providing a seamless, cost-effective and flexible route into key European investor markets.
03/06/2017
German bank's £65million Kandinsky painting was looted from Jewish art collector by the Nazis
But after the Nazis invaded the Netherlands in the 1940s, the painting disappeared.
03/06/2017
Sir Philip Green nears comeback as agencies back down
The tycoon wrote a personal cheque in what was the biggest ever payout to the Pensions Regulator.
03/06/2017
Wealth manager forced to pay up over selling Isa to dementia sufferer
She lodged a complaint with the Financial Ombudsman Service.
03/06/2017
The hedge fund boss, the suspended sheriff, a global web of intrigue and a money trail worth millions
Over its short life he paid himself around £34m in salary and benefits.
03/06/2017
Firms continue to fail to meet our expectations on their use of dealing commission
We identified a range of practices, with some showing little thought or consideration behind how research budgets are set and managed.
03/06/2017
Investment managers still failing to ensure effective oversight of best execution
Firms should have a strategy to ensure that all relevant parts of the business are compliant in ensuring best execution.
03/06/2017
Russia Finds Trail of Fraud Behind Biggest Bank Failure in Year
The central bank is purging weak and fraudulent lenders in a campaign to clean up the Russian financial industry.
03/06/2017
Ex-Navy officer and Coutts boss charged with a string of historical sex offences on boys and men as young as 14
Charles Howeson was arrested and quizzed last month following allegations