12/04/2019
Nordea Wins Danish Court Battle to Ban Staff Trading in Bitcoin
We filed suit because of the principle that everyone obviously has a private life
Legal, Regulation & Compliance
12/04/2019
English Court of Appeal endorses High Court approach to determining interest rate applicable to equitable compensation payment arising out of breach of fiduciary duty
This decision is therefore a useful reminder of those principles and a good illustration of how they can work in practice
12/03/2019
Are investment grade bonds the safe haven for 2020?
Negative yields on gilts prompts investors to look elsewhere in fixed income
12/03/2019
MPS Investment Committee: Bill Dinning, Waverton Investment Management
Bill Dinning, director and CIO at Waverton Investment Management tells us why they sold US Treasuries to buy more sterling
12/03/2019
EU Council rejects corporate tax transparency directive
The Organisation for Economic Cooperation and Development adopted country-by-country tax reporting for large multinational companies as part of the Base Erosion Profit Shifting initiative, but the information is not made public.
12/03/2019
ECB will reportedly ask Deutsche Bank to raise fresh funds for merger
While Deutsche has argued the case that little or no capital may be needed, regulators, worried about the group‘s U.S. investment bank and the potential fallout of it failing a stress test there in September, are putting their foot down.
12/03/2019
Europe's finance chiefs to call for anti-money laundering agency
A coordinated response by the region's finance ministers would open the door for a revamp of the system's supervision, which is vulnerable to abuse because it's largely legislated along national lines.
12/03/2019
Zopa eyes £130m investment to secure bank future
The peer-to-peer pioneer needs to secure an injection of capital in order to retain its banking license.
12/03/2019
Europol wipes out 30,000+ piracy sites, three suspects cuffed to walk the legal plank
Aw man, I was still downl...err.. great work everyone!
12/03/2019
FCA publishes new form for notification of changes to non-SMF Directors
From 9 December 2019, MIFID investment firms and optional exempt firms will need to use a new form to submit information to us when appointing Non-SMF Directors to, or withdrawing them from, their management body.
12/03/2019
FCA updates webpage on price discrimination in the cash savings market
On 25 July 2018, we published a Discussion Paper on price discrimination in the cash savings market.
12/03/2019
EBA publishes annual RAR
Overall, EU banks’ solvency ratios remained stable, while the NPL ratio further contracted. Amidst low profitability, a proactive management of operating expenses is essential.
12/03/2019
New German rules on crypto assets
The new law contains, amongst others, changes to the German Banking Act (Kreditwesengesetz (KWG), which provide that:
12/03/2019
Europe Set to Overhaul Its Entire Economy in Green Deal Push
Leaders may commit to zero emissions by 2050 at Dec. 12 summit
12/03/2019
Crestbridge Increases Global Funds Proposition With Luxembourg Funds Administration Licence
Luxembourg is a major hub for alternative asset fund structuring
12/02/2019
Vneshprombank: A lavish lifestyle is no bar to exception
The Commercial Court Judge allowed Mr Bedzhamov to spend £80,000 per month on living expenses.
12/02/2019
Cyprus Bar Association’s requirement for annual compliance report
From now on, all compliance officers of obliged entities which are regulated by the Cyprus Bar Association have a duty to electronically submit an annual compliance report
12/02/2019
US seeks to extradite UK tech billionaire Michael Lynch
Autonomy businessman would face charges including securities fraud, wire fraud and conspiracy
12/02/2019
Jury dismissed in Barclays Qatar fraud trial
The high-profile case, the first jury trial involving such senior bankers, took place at Southwark Crown Court before the jury was dismissed on Monday.
12/02/2019
HMRC lacks staff to investigate over 5.7 million offshore tip-offs
HMRC has come under pressure to more actively investigate taxpayers with hidden offshore assets since the 2016 Panama Papers scandal.