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Legal, Regulation & Compliance

09/27/2016

Highly Qualified Persons Rules

The purpose of these rules is to attract foreign expertise and senior professionals to Malta.

09/26/2016

French 'rogue trader' Kerviel must pay 1.0 mn euros to bank

Kerviel, who was convicted of breach of trust, forgery and entering false data for the trades, was sentenced to five years in prison

09/26/2016

IMF targets Scottish tax haven firms behind child abuse websites

The Sunday Herald has exposed how Scottish limited partnerships or SLPs have acted as fronts for websites peddling child abuse images

09/26/2016

Libyan sovereign fund recovers $127 mln from Lehman, Cornhill Capital

$73 million has now been recovered, paid in instalments to an LIA account

09/26/2016

Former IMF head on trial over bankers’ luxury sprees

They are accused of having paid for personal expenses with credit cards put at their disposal by both banks, without ever justifying them or declaring them to tax authorities.

09/26/2016

FCA mulls measures to prevent repeat of property fund freeze-up

Fire-sale valuations and liquidity cushions to limit the systemic risk they could pose.

09/26/2016

Europe ready to put exchanges merger under the spotlight

The merged businesses would have an overwhelming position in the clearing market.

09/26/2016

Paris Requests Swiss Bank UBS to Hand Over Data of 45,000 French Clients

France probed UBS on suspicion of helping its clients hide taxes between 2004 and 2012 Read more: https://sputniknews.com/business/20160926/1045695627/france-ubs-personal-data.html

09/26/2016

FCA appeal in JPMorgan Whale case set for Supreme Court

Case centres on whether executive was improperly identified

09/26/2016

BCS Global Markets Partners With Caderus Capital, Pushing Chinese Investment Fund

The partnership between the two groups will aim to facilitate and support a cross-border collaboration between China and Russia

09/26/2016

Societe Generale's position following the ruling of the Versailles Court of appeal

After having recalled the manner in which Jerome Kerviel entered into his fraudulent trading positions, the court appeal approved in clear terms the manner in which the positions were unwound by the Bank after they had been discovered.

09/25/2016

City looks to new passporting rules to weather the Brexit storm

Passports, which were introduced in 1993, give UK banks, insurers and asset managers the right to sell their services freely across the rest of the EU

09/23/2016

CFTC Orders Barclays Bank to Pay $500,000 for Recordkeeping Violations

Barclays is a global banking and financial services company based in the United Kingdom, as well as a provisionally registered swap dealer with the CFTC.

09/23/2016

Protect bank transfer scam victims, demands Which?

The consumer group pointed out that banks have security checks on activities where they are liable to reimburse the victim, for example on credit card fraud.

09/23/2016

Hong Kong's richest man bids £11 billion for UK gas network... so will Theresa May step in to block it?

And it would be the latest Chinese investment in Britain.

09/23/2016

Banking watchdogs to investigate industry response to money transfer scams

Which? has raised the issue as a 'super complaint' with industry watchdogs, which means that they must respond within 90 days.

09/22/2016

Bahamas files leaks expose politicians' offshore links

The data has details of the financial interests of politicians, entrepreneurs, financiers – and fraudsters

09/22/2016

Esma eyes 2018 start for Mifid II swaps rules

Trading obligations would be fully in place for all counterparties and across interest swaps denominated in the Swedish.

09/22/2016

Commodity Traders Face Tougher Rules as EU Curbs Speculation

They delivered that message to Valdis Dombrovskis, the bloc’s financial-services chief, in a closed-door meeting earlier this month.

09/22/2016

Former EU Official Among Politicians Named in New Leak of Offshore Files from The Bahamas

As the EU’s commissioner for competition policy from 2004 until 2010, she was Europe's top corporate enforcer and made Forbes magazine’s annual list of the “World’s 100 Most Powerful Women” five times.

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