01/26/2017
Two London traders convicted of conspiring to defraud Russian bank of over 141 million pounds
Urumov joined the Russian-owned company Otkritie Securities Ltd (OSL) and manipulated the firm into paying him approximately 20 million pounds
Legal, Regulation & Compliance
01/26/2017
ECB has three New Year’s resolutions for banks
Chair of European Central Bank's supervisory board has 'ambitious' plans for making the region's banking sector more stable
01/26/2017
UBS Profit May Trail U.S. Peers on Litigation Reserves, Trading
The Zurich-based lender is the first of Europe’s big global banks to report fourth-quarter earnings.
01/25/2017
Herbert Smith Freehills - Financial regulation update
FCA's expectations on advising on pension transfers
01/25/2017
No Margin For Error: The Upcoming EMIR Margin Rules
EMIR is the centrepiece of the EU post financial crisis reform of derivatives markets and seeks to address perceived issues with counterparty credit risk and transparency.
01/25/2017
UK officials visit crown dependencies to discuss ‘Crexit’
The committee will use the trip to compile a report setting out the potential opportunities and risks for the crown dependencies of Brexit.
01/25/2017
Canada, Ireland set for AIIB as China pushes global agenda
Ireland, Canada, Ethiopia and Sudan are understood to be among the 25 countries expected to join this year
01/25/2017
Post Office in deal with banks to offer High Street banking services as HSBC announces ANOTHER 67 branches will close
It comes as major banks continue to axe branches all over the country, including more today from HSBC – and some of these are the 'last bank in town'.
01/25/2017
Private equity looks to Luxembourg for access to single market
Sector seeks to ensure it will be able to operate on continent after Brexit
01/25/2017
Russian banking sector's profit in 2016 can exceed one trillion rubles
But while Sberbank is prospering, small banks are losing their licenсes
01/24/2017
Herbert Smith Freehills - Financial regulation update
FCA consultation on CASS 7A and the SAR review
01/24/2017
Gibraltar ups due diligence for stock exchange approval
Due diligence and commercial due diligence remain compulsory elements of listing or joining the GSX.
01/24/2017
Charles Stanley broker jailed over £1.2m Ponzi scheme
I accept you are now full of remorse for the victims and your family.
01/24/2017
Kazakh cenbank says merger talks begin between Halyk and KKB
Oleg Smolyakov, central bank deputy chairman, said in a statement the banks should get the regulator's approval prior to the deal.
01/24/2017
Asset managers starting to fret over Mifid II impact on research
The refreshed regulations due to take effect from January 2018 aim to increase transparency and unbundle research fees from trade execution fees.
01/24/2017
Italy’s Generali buys 3% of Italian bank Intesa in defensive move
According to Italy's cross-shareholding regulations, a company cannot hold more than 3 percent of another entity's voting rights if the latter already has a stake of more than 3 percent in that company.
01/24/2017
AJ Bell boss urges return of cash rebates in industry talks with FCA
He also believes the FCA’s interim report on the asset management market.
01/24/2017
Appleby assists in £115 million UK property deal
The properties acquired are in Greater Manchester, Peterborough, Maidstone, Leicester and Banbury
01/24/2017
Private equity firm backs Halesowen insurance firm's management buy-out
Tim Smallbone and Jonathan Ma will join MyPolicy's board on completion of the deal.
01/24/2017
Pension scheme operators are at risk from smarter scams
We want firms to be aware of the current threats and encourage them to review the effectiveness of their systems and controls.