12/15/2019
FCA response to the Cranston Review
These failings need to be addressed by LBG quickly.
Legal, Regulation & Compliance
12/15/2019
UK banks accused of being 'involved in multi-billion pound Russian money-laundering scam'
The documents detail around 70,000 transactions, including 1,920 totalling nearly £600 million that went through UK banks and 373 through US banks, the newspaper said.
12/15/2019
Commission report on FinTech regulation, innovation, and finance
The group's 30 recommendations are pertaining to the innovative use of technology in finance, maintaining a level playing field, access to data, and the financial inclusion and ethical use of data.
12/15/2019
Dolphin Trust threatened with foreclosure over payouts
The move follows the failure of Dolphin Trust, now German Property Group, to meet an interest payment due last week.
12/13/2019
Herbert Smith Freehills launches major new trust companies survey
The survey should take between 5-7 minutes to complete and your answers will be anonymous.
12/13/2019
FCA updates webpage on SMCR regime for solo-regulated firms
The regime aims to reduce harm to consumers and strengthen market integrity.
12/13/2019
ESMA issues annual report on administrative and criminal sanctions and other measures under MAR
The report is issued under Article 33 of MAR and contains aggregated information on administrative and criminal sanctions and other administrative measures imposed in the EU on the basis of MAR in 2018.
12/13/2019
UK election - Finally Some Certainty by Gary Dugan
The U.K. will feel very different in the morning.
12/13/2019
Jailed banker’s wife who spent £16m in Harrods attempts to overturn ‘McMafia’ wealth order
But Ms Hajiyeva, 56, is to argue her husband’s conviction – which she says was “the central feature” of the National Crime Agency’s application for the unexplained wealth order (UWO) – followed a “grossly unfair t
12/13/2019
EU confirms sustainability disclosure requirements for financial firms
The regulation sets out harmonised rules for how financial firms and advisers should report on how their processes take account of sustainability risks and adverse sustainability impacts
12/13/2019
Banks to push for new EU access plan after UK election
The Commission said preserving financial stability remains a top priority.
12/13/2019
Electronic Swiss Franc? Not So Fast, Government Says
Central bank digital currency refers to money that a central bank would create in digital form and make available to the general public.
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.
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.