04/17/2019
UK boosts business bank by £200m as Brexit hits funding
Move follows cut in EU support for British venture capital and private equity
Legal, Regulation & Compliance
04/17/2019
MEPs strengthen EU financial watchdogs
To ensure a uniform application of EU rules and promote a true Capital Markets Union
04/17/2019
EU Parliament Empowers EBA, Prudential Regulators to Fight Money Laundering
The steps were prompted in part by a string of highly publicized money laundering scandals in the bloc, members of the European Parliament said Tuesday.
04/17/2019
Protecting whistle-blowers: new EU-wide rules approved
Whistle-blowers will be able to choose between internal and external reporting
04/17/2019
TV presenter wins case against taxman
An HMRC spokesperson said: "We are disappointed that the First Tier Tribunal has decided that the intermediary rules (also known as IR35) did not apply in this case.
04/17/2019
FCA outlines the future of regulation
Alongside the Business Plan, the FCA is also publishing its annual fees Consultation Paper and a paper setting out the FCA’s Research Agenda for the year.
04/17/2019
CISI warns FCA of consequences from Fos limit hike
The CISI has asked the FCA for urgent clarification for its financial planning and wealth manager members who may be affected
04/17/2019
National IFA group signs deal with referral fintech firm
The fintech firm offers a dashboard of real time data for advisers and introducers
04/16/2019
NatWest introduces biometric approval for business payments
The bank has worked with leading external partners to ensure that the new feature is completely secure and complies fully with the forthcoming Payment Service Directive (PSD2) regulations that govern Secure Customer Authentication, due to come into effect
04/16/2019
Austrian Central Bank Clashes With Loeger on Bank Oversight
Ministry sees ‘service-oriented’ oversight, domestic interests
04/16/2019
FCA consultation to extend the remit of IGCs
IGCs oversee workplace personal pensions in accumulation, ie before pension savings are accessed.
04/16/2019
PRA expectations for managing risks of climate change
Some respondents urged the PRA to move more quickly and decisively on climate change issues.
04/16/2019
Top 50 law firm launches in Birmingham
“We intend for the new office to be a platform for growth in the Birmingham market, and for Joel to play a key role in the development of a broad offering that includes practice and sector teams from across the rest of the firm.”
04/16/2019
UniCredit to Pay $1.3 Billion, Plead Guilty to US Sanctions Violations
UniCredit Group Banks Agree to Pay Over $1.3 Billion for Violating Sanctions
04/15/2019
British Expat Boss of Suspect Investment Company which ‘Lost Expats €20 Million' Fails to turn up at Court on Spain's Costa Blanca
The Olive Press exclusively revealed how CWM abruptly folded in 2017, losing hundreds of expats’ life savings in the process
04/15/2019
Asset managers slash CEO pay after tough 12 months
All four investment companies experienced double-digit share price falls last year.
04/15/2019
Investor Groups Attack UBS
Geneva-based Ethos views the 73.3 million Swiss franc ($73.1 million) bonus pool for UBS' top 13 executives as inappropriate given the poor performance of the Swiss bank's stock last year.
04/15/2019
Brexit and Guernsey - What You Need to Know - Collas Crill
Very early on in the process, the States of Guernsey and the Law Officers identified the likely impact that Brexit would have on the island and the legislative and other measures that would need to be taken as a consequence of Brexit.
04/15/2019
Law firm with 120-year history to open York office
The office, within easy reach of York’s train station and city centre, is within the imposing setting of the former Army Northern Command Headquarters, which dates from the 1800s.
04/14/2019
Asos founder Quentin Griffiths accuses BDO of bungling move offshore
The extent of Griffiths’s personal wealth is not known.