07/29/2020
EBRD to help boost financial stability in Montenegro
DPFM is an independent public institution incorporated in Montenegro and provides insurance to the owners of deposits held with local banks.
Legal, Regulation & Compliance
07/29/2020
Sparkasse Bank fined €217,000 for anti-money laundering breaches by FIAU
Austrian bank failed to carry out proper due dilegence on voluminous transactions by high-risk customers
07/28/2020
IFA firm slams ‘incorrect’ portfolio switching article
After it was reported the company put customers into pricier poor-performing funds
07/28/2020
As bankers return to the office, industry body warns of new risks of bad conduct
In order to maintain social distancing in offices, many firms have split their workforce into groups, with only some on site at any time.
07/28/2020
EBase Mandates Societe Generale Securities Services in Germany and MFEX
Our innovative and comprehensive range of services will be a key asset for ebase to support its ambitions for profitable growth.
07/28/2020
PIMFA welcomes Work and Pensions Select Committee investigation into pension scams
As part of this initiative, PIMFA is producing advice on how to avoid scams, including advice on what information regulated wealth managers and financial advisers
07/28/2020
World’s Best Sub-Custodian Banks 2020
Subcustodians make cross-border securities investing possible
07/28/2020
Fraudster David Haigh told he faces jail if he fails to provide financial details to a UK court
A judge has given the former executive of Bahrain’s GFH Financial Group two weeks to provide the documents
07/28/2020
Lasting Powers of Attorney meet the 21st Century
The new service will allow attorneys/ donors to create an online account once the LPA is registered; they can then add their LPA(s) using a reference number and activation key, which they can then choose to share with third parties.
07/28/2020
EBRD launches mobile app promoting green technologies
Technology and digitalisation continue transforming the way in which the financial sector is operating.
07/28/2020
The UK fund industry could become a casualty of Brexit
The government has stated that its primary driver is to give UK investors access to a more diversified number of funds, over and above the 2500 UK retail funds that are listed on UK platforms today.
07/28/2020
‘Whatever it takes...’ by Julius Baer
The current stronger momentum in the profit performance of European companies is probably mainly due to regional differences in the handling of the Covid-19 infection cycles and may only be temporary in nature.
07/28/2020
Martin Currie CEO handed top EMEA role as Franklin/Legg deal nears close
Several senior positions are confirmed ahead of the formal creation of the $1.4tn asset management company.
07/28/2020
FCA updates FS Register
The addition of certified and assessed persons to the FS Register will commence later in 2020.
07/28/2020
Post-Brexit talks: A chink of light at the end of the UK-EU trade tunnel?
This will bring major changes regardless of whether agreement on future trading and other relations is reached.
07/27/2020
€130 million in black money regularised so far in 2020
In the case of funds that are no longer subject to Belgian income tax, because of the time elapsed since they were received, regularisation involves paying a fine of 40% of the value of the capital concerned – up from 39% last year.
07/27/2020
Guidance on making wills using video-conferencing
The Government is introducing legislation to allow people to use video-conferencing technology for the witnessing of wills being made.
07/27/2020
Reducing the Risks of Dismissal during Probation
The CFO brought a wrongful dismissal claim before the High Court alleging that the decision to terminate his employment
07/27/2020
Deutsche Bank to end global business activities in coal mining by 2025
The revised Fossil Fuels Policy and signing the Equator Principles are both components of Deutsche Bank’s sustainability strategy.
07/27/2020
Top lawyer accused of relaying offer of £1m 'bribe' to police, say court transcripts
Exclusive: Mishcon de Reya partner Mike Stubbs allegedly relayed offer as part of plot to release €300m from Swiss bank account