12/04/2018
IRELAND: New anti-money laundering laws now in effect - Walkers Global
Failure to register is a criminal offence.
Legal, Regulation & Compliance
12/04/2018
Tennis great Boris Becker drops diplomatic immunity claim
The tennis star also wrote that he was "not in a position" financially to pursue any part of this case.
12/04/2018
RBS faces whistleblowing allegations over ‘cronyism’
It is also alleged that the man was paid nearly double what those with qualifications were earning and, damningly, that more experienced and qualified staff were kicked off the project while he maintained his position.
12/04/2018
High Court refuses declarations sought by trustee of unsecured notes as to amounts due and payable by issuer
The decision offers some cautionary guidance as to the steps that those exercising corporate trustee functions might consider taking when applying for declaratory relief in relation to non-payment by the issuer of notes
12/03/2018
Barclays suspected iTraxx trader of leaks
Barclays and BNP Paribas were told by the FCA they had done nothing that justified further action by the regulator.
12/03/2018
Ex-Deutsche Bank director assumes major role at Mizuho
Late last week, the police raided bank’s offices in a two-day investigation related to Panama Papers, which suggested that two unnamed Deutsche Bank employees helped clients set up offshore firms to launder money.
12/03/2018
PIMFA responds to Government publication of Pension Dashboard consultation
The government deserves an enormous amount of credit for listening to industry and largely delivering a workable model that can contribute to delivering good consumer outcomes in the future.”
12/02/2018
Italy's Banco BPM agrees deal with Credit Agricole in bad loan clean up
It has also depressed the prices they can fetch for their bad loans, which were already well below book value.
12/02/2018
Europe bank authorities recognize Vatican reform with own country code
The Vatican and the Board of European Payments Council announced that the EPC had accepted the Vatican’s application to join the Single Euro Payments Area.
12/02/2018
Deutsche Bank chief dismisses takeover speculation
Sewing’s remarks followed the two-day raid as part of an investigation linked to the so-called Panama Papers leak of documents about offshore finance.
11/30/2018
EU Withdrawal Impact Assessment
The UK and EU would become third countries from the other’s perspective, which means passporting rights would cease to apply.
11/30/2018
Consultation Response: A Global Standard to Modernise UK Payments, ISO 20022
Both the Bank and Pay.UK recognise the importance of continuing to work together to deliver the best outcome for users of payment systems.
11/30/2018
ESAs propose to amend bilateral margin requirements
The draft RTS propose, in the context of the United Kingdom's (UK) withdrawal from the European Union (EU), to introduce a limited exemption in order to facilitate the novation of certain OTC derivative contracts to EU counterparties during a specifi
11/30/2018
For Deutsche Bank Bonus, Raid Is ‘Nightmare With Eyes Wide Open’
Such news has tended to fall particularly hard on staff at the Frankfurt-based lender.
11/30/2018
Latvia: police arrests 11 in money laundering charges
Tightened measures are also being issued on two legal entities in links to the investigation.
11/29/2018
Multi-family offices failing to meet Mifid II deadlines
Many believed that the regulation was not directly relevant to them, believing Mifid II would only impact much larger financial institutions.
11/29/2018
France and Germany Cut Bankers Some Brexit Slack
In a cliff-edge exit from the EU, some British industries are getting parachutes.
11/29/2018
FCA warns landlords to check insurance policy
Larksway has failed to comply with the Fos award, despite repeated requests by the Fos and the authority that it do so."
11/29/2018
Important draft guidelines issued on GDPR's extra-territoriality
The guidelines are in draft form and are subject to consultation but they help clarify key questions regarding the application of the GDPR.
11/29/2018
FCA Final Approach to Authorisation
The Approach to Authorisation and feedback statement, published today, explain the purpose of authorisation and our approach.