01/09/2017
Swedish regulator names closet-tracker funds
But watchdog still has no official definition of index-hugging products
Legal, Regulation & Compliance
01/09/2017
Polish Lender to Appeal Against Tax Decision
Its shares were down 15% at 148.2 pence at 0813 GMT, the worst performance on London’s FTSE mid cap index.
01/09/2017
Libor trio to face confiscation orders next month, as hearing scheduled to begin in February
Confiscation proceedings take place following a guilty verdict or plea
01/09/2017
Banks risk missing 2019 ringfence deadline
Watchdog seeks pledge from lenders that changes will be made on time
01/09/2017
MCCAA launches two charters on financial and banking services
These charters also safeguard consumers’ financial interests as they prohibit hidden costs and expenses.
01/09/2017
Biggest banks each set to be hit with $200m regulatory costs
New Basel rules due to come in globally in 2019 will create need for 2,000 staff
01/09/2017
German banks stiffen opposition to risk weightings
They passionately argue the case of internal assessments being tough enough with their principal banks set to be impacted by a proposed global standard for how banks calculate the capital they need.
01/09/2017
Bank fraud landmark: TSB repays victim and admits giving criminal a bank account
Telegraph Money is campaigning for banks to improve their security and take quicker action when innocent customers make transfers to fraudsters' accounts.
01/09/2017
Focus On Europe Trust Litigation In Switzerland
This raises a number of practical issues for Swiss judges and prosecutors, as they have to juggle both the rules governing the trust, and their own potentially conflicting legal and procedural concepts.
01/09/2017
Zurich pays up over misleading IHT investment advice
A Zurich spokesman said: ‘Zurich notes the judgment delivered by the Manchester High Court. The events which formed the subject of the claim took place nearly 16 years ago, and Zurich ceased operating a network of advisers over 10 years ago. Zurich
01/06/2017
Four arrested as millions stolen from Kuwait office – Joint efforts bust gang in UK
The investigation also proved the money had been siphoned into secret accounts since 2009.
01/06/2017
Bank of Cyprus repays €11.4bn in emergency funds
That so-called emergency liquidity assistance has now been repaid by the company in full
01/06/2017
FSCS declares IFA in default following FCA restrictions
The FCA did say the firm could continue with advising on mortgages and general insurance
01/06/2017
FCA pays advertising giant £400,000 for PPI deadline campaign
PPI complaints make up around 35 per cent of complaints to the Financial Ombudsman Service
01/06/2017
Head of Barclays Japan questioned in Libor probe
Serious Fraud Office interviews former group treasurer in fresh inquiry
01/06/2017
Portugal's BPI cedes control of Angola's top bank
The 28 million euro ($29.7 million) sale of the two-percent stake allows BPI to reduce its exposure to Angolan government debt, which the ECB deemed too risky under new European banking laws that came into force in 2015.
01/06/2017
Deutsche bank said to eye private equity help in settlement
One option it’s reviewing is to instead lend to firms like Lone Star Funds, which specialize in buying bad mortgages from government auctions and lowering consumers’ obligations. Amanda Williams, a spokeswoman for Deutsche Bank, declined to co
01/06/2017
Stephenson Harwood picks up three partner PE team from KWM
The trio of partners are expected to take with them as many as six associates and two trainees.
01/06/2017
ABN Amro pension plan still wary of hedge funds' secrecy
Hedge funds tend to be guarded about their holdings and internal workings
01/05/2017
DWF continues international expansion with French merger
Legal business DWF has merged with Heenan Paris, an established office in Paris with an international outlook. Four partners from Heenan Paris have joined DWF as part of the merger.