11/17/2016
Commons urged to toughen up Criminal Finances Bill against 'dirty money' in London
We cannot, on the one hand, support developing countries with aid and then allow their elites to funnel ill-gotten gains through the City.
Legal, Regulation & Compliance
11/17/2016
LGT Vestra partners with Feifa
LGT Vestra’s business development director, Michael Moss, will manage the firm’s relationship with Feifa.
11/17/2016
Numbers registering Power of Attorney more than treble in five years and now set to surpass 2 million
The ONS data highlight the growing prevalence of mental health issues, particularly those associated with old age.
11/16/2016
Fieldfisher announces new Chinese merger partner
The merger, structured as a Swiss Verein, takes effect from today – 15th November 2016 – and sees JS Partners adopt the new name 'FeiShi' and the Fieldfisher brand.
11/16/2016
UK's SFO wants Boath lawsuit heard privately to protect Barclays' probe
The investigation centres on commercial agreements between Barclays and Qatari investors as part of a capital raising
11/16/2016
OJ – CRR guidelines on IPS - Herbert Smith Freehills
The Official Journal of the European Union (OJ) has published the following guidelines relating to the Capital Requirements Regulation (CRR):
11/16/2016
FCA introduces cap on early exit pension charges
Firms will not be able to apply an early exit charge to personal pension contracts entered into after these rules take effect.
11/16/2016
The European banking sector – a quick pulse check
Since the financial crisis of 2008, the health of the banking sector has become one of the hot topics in public debate. And with good reason, because banks are important for all of us – in good times and in bad.
11/16/2016
Bank associations, Deloitte join European Banking Institute
The new bank sector members are the European Banking Federation as well as national banking associations from Germany, Greece, Italy, Romania, Spain and the Netherlands.
11/16/2016
EU regulators readying fines for HSBC, JPMorgan, Credit Agricole - sources
Deutsche Bank, RBS and Societe Generale admitted guilt in December 2013.
11/16/2016
Tullett Prebon gets FCA approval for ICAP deal
The Competition and Markets Authority gave the green light to the deal after ICAP agreed to sell its UK oil brokerage operations
11/15/2016
ECB offers bankers, investors leeway
The ECB gave no specific examples of where the new guidelines would apply among European banks.
11/15/2016
London banks eye Frankfurt move: German ministry
Rivalry among leading European cities to lure banks from London is intensifying, with Dublin and Paris also looking to attract high-value financial jobs.
11/15/2016
Nordic, Dutch banks warn Basel committee capital rules jeopardise growth
The result would be a very large increase in capital requirements for banks in the Nordic region and the Netherlands
11/15/2016
Brewin and Charles Stanley told to ‘significantly' open up
The pair were among 40 firms listed as tier three signatories in the Financial Reporting Council’s Stewardship Code.
11/15/2016
EBA consultation on revised standards on supervisory reporting
The European Banking Authority (EBA) has launched a consultation on revised implementing technical standards (ITS) on supervisory reporting.
11/15/2016
European Commission sets up an internal Task Force on Financial Technology
The work of this Task Force builds on the Commission's goal to develop a comprehensive strategy on FinTech.
11/15/2016
Ex-Rabobank trader turned U.S. cooperating witness spared prison
Robson, who pleaded guilty to a conspiracy charge in August 2014, in court apologized for his actions.
11/14/2016
HMT - rules on ensuring the effective functioning of a financial market infrastructure special administration regime
Since the financial crisis, the government has made extensive reforms to financial regulation to address the problem of banks being “too big to fail”.
11/14/2016
MoU between FCA and PBOC
The MoU sets out how the parties plan to share and use information to promote innovation in their respective markets. The MoU is dated 11 November 2016.