12/17/2014
EU investment: Juncker's cunning plan
Many countries, including Germany, have delayed infrastructure improvements.
Legal, Regulation & Compliance
12/17/2014
Irish lawmakers open probe into banking crisis
Irish lawmakers have opened a fact-finding investigation into the causes of Ireland's banking crisis, when a collapsing property market exposed reckless lending and required an emergency international bailout.
12/17/2014
Raiffeisen Bank Said to Seek Buyers for Polish Business
Raiffeisen Bank International AG (RBI) may sell its largest foreign unit after Russia, Raiffeisen Bank Polska SA, according to two people with knowledge of the matter. Raiffeisen, which agreed with Polish regulators to take the unit public on the Warsaw
12/16/2014
Major banks pledge to offer basic accounts without penalty fees to those with poor credit histories
People who have been shut out of the banking system because of a poor credit history are to be offered basic accounts that come without punishing penalty fees by the end of next year
12/16/2014
Co-op Bank fails Bank of England stress test
The Co-Operative Bank is the only lender that has failed the Bank of England stress test, however two other banks were told they could be at risk in the event of a “severe economic downturn”
12/16/2014
Lehman trustee petitions U.S. Supreme Court over Barclays dispute
The trustee handling the liquidation of the brokerage unit of Lehman Brothers Holdings Inc filed a petition with the U.S. Supreme Court on Monday seeking review of the business's cash assets awarded to Barclays Plc (BARC.L).
12/16/2014
Banks breathe a sigh of relief, but expect tougher tests next time
Only one of the UK's eight big lenders failed the Bank of England's stress tests. That doesn't mean the rest can relax
12/16/2014
Duff & Phelps Launches Financial Regulatory and Compliance Practice with Acquisition of Kinetic Partners
As a result of this transaction, Duff & Phelps will create a dedicated Financial Regulatory and Compliance Practice, based on Kinetic Partners’ recognized leadership in providing regulatory consulting and compliance counsel to the financial serv
12/16/2014
No person will be blamed by inquiry into banking crash
The much-awaited €5m Oireachtas Banking Inquiry will not be able to blame anyone for Ireland's financial crash, unless that person agrees they made a mistake.
12/16/2014
German regulator set to lead new eurozone bank wind-down scheme
The president of Germany‘s financial regulator Bafin came within reach on Tuesday of leading a new eurozone scheme to wind down troubled banks
12/16/2014
U.Regulators Hit Hurdles on Fixing Benchmarks
U.K. regulators are expected to report in coming weeks on plans to fix global financial benchmarks.
12/16/2014
Switzerland Fissures as Account Secrecy Loses Charm
Fortress Switzerland is showing more cracks.
12/15/2014
Assets collapse, loans go bad Britain’s banks brace for a serious stress test
Simulated ‘market tantrum’ likely to be the first of an annual event under Bank of England’s new regulatory regime
12/15/2014
Netherlands Asks Bankers to Swear to God
I swear that I will endeavor to maintain and promote confidence in the financial sector
12/15/2014
Barclays sues over audit of hotel chain Von Essen
The lender is taking Grant Thornton to court over the collapsed hotelier's accounts
12/15/2014
Historic Law Firms Agree Merger
Law firm Hunters, which has a base in Towcester, is to merge with rival May, May & Merrimans from April next year.
12/15/2014
Wealth managers hit out over ‘crippling’ suitability requirements
Wealth management firms say they are being “crippled” by suitability requirements as the Financial Conduct Authority increases its scrutiny of the sector.
12/15/2014
FCA bans £43,000 fare dodger from working in financial services
Financial Conduct Authority says conduct of former Blackrock MD Jonathan Paul Burrows fell short of the standards expected in the City
12/15/2014
UCITS: Management Companies and Depositaries in the same group will have to evidence independence
ESMA has finalised its advice to the Commission on two aspects of the depositary provisions additional to AIFMD.
12/15/2014
Political agreement reached on the Regulation for European Long-Term Investment Funds
Political agreement was reached on a new brand of European closed-ended investment funds – commonly referred to as ELTIFs.