08/07/2019
ECB to test five Croatian banks as country aims for euro entry
Croatia last month submitted a formal bid to join the European Exchange Rate Mechanism (ERM-2), an early stage on the path to membership of the euro currency.
Legal, Regulation & Compliance
08/07/2019
UBS Accounts Probed as Italian Agency Extends Tax Crackdown
The agency, which asked Swiss officials for assistance in December, is pressing for information on account holders who failed to provide UBS with sufficient evidence of tax compliance.
08/07/2019
Strong Performance for Leeds Office Boosts Law Firm
Managing partner Claire Clarke said: "It’s been another great year for Mills & Reeve and we are delighted that the hard work of everyone who works at the firm has been formally recognised through a number of major award wins and accolades.
08/07/2019
London trader charged in Germany for VAT fraud
Freitas is the first employee of the Deutsche Bank’s London office to be charged in connection to the investigation by Frankfurt’s Attorney General.
08/07/2019
SVS Securities bites the dust as traders face lenghty freeze on withdrawals
The Financial Conduct Authority (FCA) emphasised that, should customers suffer any shortfall due to wrongdoing or poor accounting at SVS, the Financial Services Compensation Scheme will cover losses up to £85,000.
08/07/2019
Central Bank report highlights regulatory risks for Dublin’s IFSC
Rapid growth amid Brexit fallout raises stability questions for regulator
08/07/2019
Ex-HSBC Banker Pleads Guilty in $1.8 Billion French Tax Case
The former HSBC executive also pleaded guilty to illegally approaching French residents to encourage them to shift funds to Switzerland during the period
08/06/2019
A View on possible new regulations for mutual funds in the EU
A good example of such regulations regarding performance fees is in Germany, where many funds registered in other European countries (even if they are UCITS compliant) cannot register for sales because rules regarding fee disclosure are so much more robus
08/06/2019
KPMG faces legal threat over Carillion
KPMG declined to comment.
08/06/2019
New mandatory disclosure rules – Directive 2018/822/EU
A number of challenges may arise under the new reporting obligations and determining whether there is a reportable cross border arrangement raises complex technical and procedural issues for taxpayers and intermediaries.
08/06/2019
MIFID II – What's Next for Regulation?
And for anyone in doubt as to the breadth of MiFID II – regulations affect nearly every asset and professional occupation within the financial services industry across the European Union.
08/06/2019
EBA advice on the implementation of Basel III
The EBA supports the full implementation of the final Basel III standards, which will contribute to the credibility of the EU banking sector and ensure a well-functioning global banking market.
08/06/2019
Austrian court upholds 2.75 mln euro fine against Raiffeisen
The Federal Administrative Court agreed with the FMA that in a small number of isolated cases RBI did not fulfil its legal documentary obligations
08/06/2019
HSBC agrees to 300 million euro settlement of Belgian tax case - prosecutors
The prosecutors also said that the bank had made and committed to a significant overhaul of its practices to counter financial crime risks following the allegations.
08/06/2019
Jersey - Separate Limited Partnerships and Incorporated Limited Partnerships
Following extensive consultation with industry, a demand for two models was identified, which crystallised into two laws being enacted in 2011
08/06/2019
Banking Regulation and the Value of Credit Research
Investment Insights by our experts and thought leaders
08/06/2019
Swiss indict former German soccer officials over World Cup payment
By filing an indictment in the FCC, the OAG can conclude its investigations in a significant case in its football-related proceedings.
08/05/2019
Boris Johnson’s donor Crispin Odey eyes Brexit jackpot with £300m bet against British firms
The firm owned by the multimillionaire hedge fund tycoon, who made millions betting against the pound after the 2016 referendum, has taken out £299m in “short” positions on some of Britain’s biggest firms.
08/05/2019
Plunder in paradise: The 'adviser' behind a Costa scam that has cost expat pensioners £25MILLION – and led one to attempt suicide
Hundreds of people have lost up to £25million as a result of Continental's actions
08/05/2019
Insurance broker Arachas to sell financial advisory arm to Bluechip Financial
Arachas hired AIB Corporate Finance this year to help find a buyer for the financial planning business.