11/30/2016
Payment Strategy Forum publishes final Strateg
Key elements of the Strategy include a "Confirmation of Payee" safeguard to help prevent financial fraud and a focus on FinTech and innovation.
Legal, Regulation & Compliance
11/30/2016
HSBC and Barclays deemed less risky by global financial regulator
The decision to downgrade the capital that must be held by HSBC and Barclays
11/30/2016
British Law firm eyes US merger
They confirmed last night that it was in talks with Sutherland Asbill & Brennan
11/30/2016
Aberdeen law firm snapped up by Shepherd + Wedderburn
Based in Aberdeen’s West End, CLP was formed in January 1995 by Mr Anderson alongside Ian McLennan – now retired – and Innes Miller, who is now a partner at Aberdeen law firm James and George Collie.
11/30/2016
RBS fails stress tests and Barclays struggles but Mark Carney says your money is safe
UK banks are resilient and calls for an "orderly Brexit"
11/30/2016
Central Bank of Germany Reveals Functional Securities Blockchain
Development will be focused on analyzing the technical benefits and scalability of the software.
11/29/2016
More defections for KWM as Goodwin Procter nabs four partners
Goodwin Procter hinted at the time that it had ‘extended offers to certain other London-based KWM partners’, fueling speculation that Mr Halford’s team was soon to follow.
11/29/2016
The ESRB issues eight Warnings on medium-term residential real estate vulnerabilities and a Recommendation on closing real estate data gaps
The ESRB decided to issue these warnings following a forward-looking Union-wide assessment of vulnerabilities relating to residential real estate.
11/29/2016
Latvia fines Swedbank for failings in anti money laundering measures
The watchdog slapped a fine of €1.36mn on the bank before agreeing on a correction programme.
11/29/2016
Swedbank enters agreement with Latvian authorities
The agreement includes a fine of EUR 1.36 million and a series of mitigating actions.
11/29/2016
European Union Authority Talks Blockchain Tech…and Banning It
In recent times, the ECB proposed a directive to exempt virtual currencies from any qualification as, a currency.
11/29/2016
European Union: New EU Banking Legislation Reforms
We have set out below a high level overview of some of the key changes being introduced by the proposed reform package.
11/29/2016
FCA calls for input on high-cost credit and overdrafts
One area of focus has been high-cost credit, which includes payday loans, home-collected credit, catalogue credit, some rent-to-own, pawn-broking, guarantor and logbook loans.
11/28/2016
Bank stress test to expose lenders' struggle to turn a profit
Autonomous’ analysts believe Barclays and RBS will both marginally fail this year’s test, dealing a blow to the pair.
11/28/2016
Fiduciary mandates escape external scrutiny – KPMG poll
Fiduciary management "among the most opaque parts" of the UK's investment industry
11/28/2016
Jailed former Barclays traders denied Libor appeal request
Pabon, an American, was sentenced to two years and nine months in jail in July
11/28/2016
Bank Regulators Seek ‘Miracle’ Deal on Capital Before Trump
The U.S. has pushed for strict rules to protect against future market meltdowns
11/28/2016
Troubled Italian banks face failure if 'No' wins
Resolution, a new regulatory mechanism, restructures and if necessary winds up a bank by imposing losses on both equity and debt investors
11/28/2016
West Ham and Everton hit by Premier League clampdown
West Ham and Everton will be forced to plug a lending gap because of a Premier League ban on shadowy offshore finance companies.
11/28/2016
FCA fines and partially bans former investment manager
he Upper Tribunal had upheld the fine in an earlier judgment in 2015 where the tribunal found that Mr Carrimjee had failed to act with due skill, care and diligence, and had failed to escalate the risk that his client might have been intending to engage i