10/13/2016
FCA slaps £3.25 million fine on Sonali bank for AML failings
The FCA found that Mr Smith failed to exercise due skill, care and diligence in managing the business of the firm
Legal, Regulation & Compliance
10/13/2016
Deutsche Bank Fined by SEC Over Failure to Guard Research
Deutsche Bank also published an improper research report and failed to properly preserve and provide certain electronic records sought by the SEC during its investigation.
10/13/2016
French finance minister eyes U.S. bank exodus from London
The inevitable consequence whatever the outcome of the Brexit negotiations.
10/12/2016
Finance firm boss faces £1 million fraud charge
It is expected that formal committal proceedings will take place on 21 November.
10/12/2016
ESMA Q&A on CFDs and other speculative products to retail investors under MiFID
The European Securities and Markets Authority (ESMA) has published an updated version of its question and answer document (Q&A) on the application of the Markets in Financial Instruments Directive (MiFID) to the marketing and sale of financial contrac
10/12/2016
Barclays sells Italian loan portfolio to IBL Banca
The sale will reduce non-core risk weighted assets
10/11/2016
Deutsche Bank fails to score Justice Dept. deal, shares fall
Deutsche Bank is expected to issue new shares, sell assets, or both, once it knows the scale of the fine, to ensure that its capital ratio remains within regulatory limits.
10/11/2016
Ulster Bank sells multi-million pound problem debt
The loans were bought by US private equity firm Cerberus
10/11/2016
Renegade EU's bank-capital pushback threatens to erode Basel
Top EU policymakers have made clear that sweeping changes are needed
10/11/2016
EU Commission approves liquidity support for Greece's Attica Bank
The EU Commission said the state guarantee feature of the bonds was in line with EU state aid rules.
10/11/2016
Fine not the end of Deutsche Bank's US woes
Overseas banks to organise their US subsidiaries differently
10/11/2016
EU Securities Watchdog Finalizes Transaction Reporting Rules
The guidelines are addressed to national competent authorities and financial market participants who must make every effort to comply with them
10/11/2016
UK Minister reaffirms strong links with Barbados
The Minister confirmed the UK’s commitment to the Caribbean and the strong relationship with Barbados built on long-standing connections.
10/11/2016
Deutsche Bank 'got special treatment' in stress tests
Europe's biggest bank Deutsche Bank received 'special treatment' during the EU summer stress tests, it was claimed yesterday.
10/11/2016
BoE consultation on the reform of SONIA
The Bank of England (BoE) has launched a consultation on the reform of SONIA, a sterling unsecured overnight interest rate benchmark administered by the Bank.
10/11/2016
Collibra and PwC extend alliance to help financial services companies unleash the power of data
Expanded Alliance Combines PwC’s Expertise in Financial Regulatory Requirements with the Best-of-Breed Collibra Data Governance Solution to Help Companies Thrive
10/11/2016
FCA to triple number of ethnic minority managers by 2020
That is targeted to increase to 8% by 2020 and 13% by 2025.
10/10/2016
Mr Bigs forced to explain wealth
Those who fail to provide an adequate explanation of their riches will face civil legal proceedings to recover the cash or criminal charges if they make false or misleading statements.
10/10/2016
Former Barclays banker's wife stabbed 124 times after she asked for a divorce
Sanjay Nijhawan cleared of murder because he suffered 'suffered an abnormality of mental function'.
10/10/2016
Nordea’s Bid to End Subsidiary Structure Has Regulators Worried
The maneuver means the bank will make branches of units that, in some cases, have tended to generate as much income for the bank as the Swedish operations.