09/12/2014
The CBR said that Trust Republic Bank’s internal control rules in the sphere of combating money laundering and terrorism financing did not comply with the Bank of Russia regulations
09/12/2014
This marks the first time that Delta Lloyd Levensverzekering N.V., the life insurance arm of the Dutch insurance, pensions and investments firm Delta Lloyd, has used the reinsurance market to transfer longevity risk.
09/12/2014
That is according to the German private bank Berenberg, which estimates that there are still 63 potential fine situations outstanding from the various on-going investigations by regulators and authorities across the world.
09/12/2014
The EU proposal comes amid growing international strain over the implementation of new rules drawn up by the G20 nations
09/12/2014
Those measures include writing off the outstanding amount of a loan once property is foreclosed
09/11/2014
Post-financial crisis, banking watchdogs have regularly submitted banks to an examination of their assets to ensure they could withstand another shock to the global banking system.
09/11/2014
There is a growing trend globally towards greater transparency in corporate reporting of non-financial risks and policies.
09/11/2014
Credit Agricole’s fine could be similar to Commerzbank’s, according to the person. Anne-Sophie Gentil, a spokeswoman for Credit Agricole, declined to comment.
09/11/2014
The Russian Ministry of Finance has published an updated version of the draft controlled foreign company rules on the 2nd of September
09/10/2014
The Hague district court ruled that BinckBank may continue marketing Binck turbos in the Netherlands because investors perceive turbos to be a generic type of investment product rather than a brand belonging to BNP Paribas.
09/10/2014
He adds that the shortening timelines for delivery create issues, as do the clash of inconsistent definitions between separate regulations.
09/10/2014
The current deadline is December 15, after which new capital requirements kick in
09/09/2014
The bank, Switzerland’s biggest, has been embroiled in tax evasion probes in Europe since it paid $780 million in 2009
09/09/2014
Deutsche Bank has been reluctant to give regulators the clearance that Foresti, an 18-year veteran of the firm, needs to start his new job, said the people, who requested anonymity because the process isn’t public.
09/09/2014
In its annual asset management survey, it said assets from the fund industry managed in Scotland now stand at £560bn, worth just over a tenth of the total AUM.
09/09/2014
Britain's financial regulator said on Tuesday it has done "basic contingency planning" in case Scotland votes this month to become an independent country.
09/08/2014
The Trafigura executives said the move is part of a broader exit from the business by France’s biggest lender, according to one of the people.
09/08/2014
Invitees will range from the largest private client firms
09/08/2014
Analysts at Numis have predicted that asset management companies could face at least a 5 per cent hit on profits from proposed European regulation on research.
09/08/2014
The Financial Conduct Authority, the U.K.’s financial regulator, has pulled a controversial list of countries that the organization considers high risk for money laundering and financial crime.