08/11/2016
British Banker Back In Court Over Hong Kong Double Murder
No details of the hearing, which organised aspects of the trial, can be reported at this stage due to restrictions imposed by the court.
Legal, Regulation & Compliance
08/11/2016
FCA policy statement on increasing transparency and engagement at renewal in general insurance markets
The FCA has published a policy statement (PS16/21).
08/11/2016
Poland Starts Work on Toughening Banks’ Swiss-Franc Burden
Stocks and the Polish currency rallied on the day the proposal was unveiled as investors bet the solution will be less costly than assumed under an earlier plan.
08/11/2016
Consultation on ‘Code of Conduct’ for Isle of Man Insurance Companies
The MIA recognises the need for an insurance regulatory framework which meets relevant international standards but which is also sufficiently proportionate to allow our members to continue to attract business.
08/11/2016
A new era of entrepreneurs? by Dr Stuart Thomson, Head of Public Affairs, Bircham Dyson Bell
Certainly no one in the business community is talking the economy down and they are up for the fight that the Brexit result has delivered. However, entrepreneurs are concerned about the future.
08/11/2016
UK international and cross-border arbitration rules face post-Brexit shake-up
As it stands, law firm Baker Botts has stressed to Financial Director, the law that matters is the Brussels I Regulation
08/11/2016
App-only bank Mondo just got a banking licence
Mondo aims to create a digital-only bank for the mobile generation that offers things like instant notifications of transactions and balances.
08/11/2016
UK's biggest rogue trader on the drive to make profits at any cost at the heart of banking
He was found guilty of two counts of fraud in 2012 at Southwark Crown Court and sentenced to seven years in prison.
08/10/2016
Qumu Gains Award-Winning Law Firm as a Customer
The Qumu platform will streamline the creation, management and distribution of video content to employees and clients.
08/10/2016
Bank of Russia set to expand its efforts to mop up liquidity glut
As the second year of deficit spending floods the country’s financial system with cash, the inflows are weaning lenders off central bank funding.
08/10/2016
Bank of Italy to close AS PrivatBank branch over money-laundering breaches
AS PrivatBank, 46 percent owned by Ukraine's PrivatBank, was set up in Latvia in 1992 with 13 branches in Latvia and one in Italy.
08/10/2016
Ex-Nomura Bond Trader Wins Dismissal Case After $40 Million Loss
The bank is “disappointed” with the judgment, a spokeswoman in London said.
08/10/2016
Law Makers Should Take Blame For Tax Avoidance
To lie about financial matters or cheat the taxman is viewed as a criminal offence.
08/10/2016
Polish regulator asks KSF for view on BGZ BNP Paribas
The bank says it has not received any information about when the capital buffer requirement would be implemented or its impact on minimum capital adequacy ratios.
08/10/2016
ESMA Publishes Further Advice on the Application of the AIFMD Passport for Non-EU Jurisdictions
The decision on whether to extend the passport rests with the European Commission, subject to the right of the European Parliament and European Council to raise objections.
08/10/2016
Broker fined for Quindell listing failures by FCA
An AIM-quoted company that provides various securities-related services to UK companies.
08/09/2016
Barclays reaches US$100 million US Libor settlement: NY attorney general
Manipulated Interest Rates Hurt Government And Not-For-Profit Entities In New York And Across The Country
08/09/2016
Hoots and squawks come home to nest at Deutsche Bank
Bank to pay $12.5m to securities watchdog over information broadcast on internal speaker system
08/09/2016
One monthe to deadline for implementing FCA and PRA whistleblowing rules
Given the distractions of the summer holiday season and the aftermath of the Brexit referendum, it would be understandable if other developments slipped off the radar.
08/08/2016
Fraud claims leave life insurers in a fix
Life insurance companies in a fix over the provision of claims