12/13/2019
German central bank slashes 2020 growth outlook
Export-dependent German manufacturers above all have in recent months suffered from slowing global growth and trade and increased uncertainty over US-led trade conflicts and Brexit.
Legal, Regulation & Compliance
12/12/2019
Europe’s new central bank chief confronts slow growth, dissent
That is not an easy task; the bank’s policy to keep one of its key interest rates below zero has come under criticism from Germany news media as penalizing savers, while any imprecise remark from Lagarde can set off big market movements.
12/12/2019
EU’s new green finance rulebook aims to curb greenwash
The European Union Sustainable Finance Taxonomy is a new framework for what qualifies as a green investment.
12/12/2019
Advocacy groups tussle over Basel IV implementation in the EU
The final leg of the implementation of Basel III has long proven controversial in the EU.
12/12/2019
Big Data is Transforming Investigations
nstead of examining trades occurring around the time of price movements in specific securities, the Commission identifies groups of individuals trading in a correlated manner.
12/12/2019
Vultures scramble for cash as Irish gamble backfires
This is at a time when mortgage rates in this country are falling.
12/12/2019
FATF Executive Secretary David Lewis on preventing money laundering
As a task force with a global network of over 200 jurisdictions, the FATF enables a coordinated response to a global problem and it promotes partnership between the public and private sectors.
12/12/2019
CAYLUX Fund Finance briefing
In this briefing we summarise why they are used and explain one way in which investment managers are using Cayman and Luxembourg fund vehicles together.
12/12/2019
Channel Islands: Year in Review
Global macro-economic uncertainty, regional political disruptions, economic substance rules, beneficial ownership registers, regulatory fines and that’s not the half of it!
12/12/2019
Goodbye LIBOR, Hello SOFR By Katherine Pearce and Nick Nolan
With LIBOR ending, the LSTA has laid out several key considerations that accounting systems will need to address moving forward.
12/11/2019
HSBC to pay $192m penalty in US tax evasion case
Private banking arm of UK lender admits to hiding more than $1bn from authorities
12/11/2019
FCA threatens action against Lloyds bosses
The FCA said it expects senior management at Lloyds to explain how and why the failings occurred and threatened further action depending on the answers.
12/10/2019
Six advisers on how they prepared for SMCR
Under the rules, there will be greater individual accountability for senior managers should something go wrong, as well as a new standard for personal conduct.
12/10/2019
EU and African banks sign $120 million climate action facility
This is the second line of credit to be extended by EIB to TDB, the first one having been signed in 2014 for €80 million.
12/10/2019
Insurance scammers facing 10 years in jail for perjury
Government will fast-track law aimed at crackdown on 'compensation culture'
12/10/2019
ESMA report on EMIR penalties and supervisory measures
The Report found that some supervisory areas are highly harmonised, such as NCAs’ sources of information used to check compliance with EMIR requirements, including trade repository data, their competences, and NCAs’ supervisory and enforcement
12/10/2019
EBA updates its guidelines for the reporting of funding plans
The guidelines also introduce some simplifications for small and non-complex institutions to enhance proportionality and reduce reporting costs.
12/10/2019
FSB reports on BigTech in finance and third party dependencies in cloud services
The entry of BigTech firms into finance has numerous benefits, including the potential for greater innovation, diversification and efficiency in the provision of financial services.
12/10/2019
Mifid II creates ‘existential threat’ for small research groups
Boutiques hit by ‘perfect storm’ two years after introduction of EU market rules
12/10/2019
The Great Moscow Bank Shakedown
Cherkalin, 38, was a key figure in the insular—and, for some, apparently highly lucrative—world of bank supervision.