09/20/2019
MEPs call for proper implementation of anti-money laundering rules
MEPs call for better cooperation between the administrative, judicial and law enforcement authorities within the EU
Legal, Regulation & Compliance
09/20/2019
FCA review on MiFID II research unbundling rules
The FCA will continue to monitor both competition impacts and research coverage of SMEs following the MiFID II reforms
09/20/2019
FCA update to joint statement on opportunistic strategies in the credit derivaties market
These opportunistic strategies include, but are not limited to, what have been referred to as ‘manufactured credit events’ or ‘narrowly tailored credit events’.
09/19/2019
Solvency II: Prudent Person Principle
The proposals are relevant to all UK Solvency II firms (including in the context of provisions relating to Solvency II groups), mutuals, third-country branches, the Society of Lloyd’s (the Society) and its managing agents (collectively, ‘firm
09/19/2019
Latvia’s financial watchdog fines PrivatBank for lax money-laundering controls
The FCMC, which has already twice over the past four years fined PrivatBank for similar reasons
09/19/2019
Baker McKenzie bumps trainee pay by 7% as its confirms autumn retention score
£48,000 in year one, rising to £52,000 in year two
09/19/2019
Contractual Interpretation: Establishing the relevant ‘factual matrix’
Upon discovery of their mistake, Lehman Brothers sought restitution on the grounds that the actual agreement was for 22 notes only and it had inadvertently over-delivered.
09/19/2019
The limits of audit: public perceptions and legal realities
These factors were not identified by Grant Thornton when it conducted its audit.
09/19/2019
Don’t play Midnight Cowboy with a midnight limitation deadline
The underlying proceedings at first instance concerned the calculation of the limitation period for a claim against trustees.
09/19/2019
Apple Can’t Win Its $14 Billion European Tax Battle
Even if the tech giant wins its court appeals, it will have to pay the money—and more—to Washington
09/19/2019
Will the sale of public trophy assets still be used to solve Italy's economic crisis?
The plan involved an immediate reduction in Italy’s public debt and an improvement in the finances of local authorities.
09/18/2019
Linklaters acts on largest European float of the year
The Euronext Amsterdam debut implied a market capitalisation of €95bn. Prosus shares jumped 26% on close, boosting its market cap to €120bn.
09/18/2019
Watchdog grills Metro Bank staff over misreporting scandal
FCA widens investigation into miscategorised loan risk-weightings to include managers
09/18/2019
Italy Considers Penalty on Cash Withdrawals to Fight Tax Evasion
Shops, restaurants and other small businesses often refuse electronic payment, citing high costs or broken card-reading equipment.
09/18/2019
Swedbank to allow prosecutor to question lawyer over money laundering
The new chairman, former Swedish Prime Minister Goran Persson, has promised full transparency.
09/18/2019
Top level fight breaks out at Malta financial regulator
As chief exec’s promise of a golden handshake draws the ire of an MFSA board member
09/18/2019
Mourant trusts lawyer makes list of Top 35 Under 35
The Top 35 Under 35 is well known in the trusts and private client sector, and is designed to shine a spotlight on the rising stars of the private client industry in the UK and the Channel Islands.
09/18/2019
Sheffield Dis-United
The comprehensive decision will be an important precedent to consider in future shareholder disputes, particularly those involving a ‘deadlock’ situation.
09/18/2019
Deutsche Bank May Face ECB Probe Over Dealings in Its Own Bonds
A formal probe would add another distraction for CEO Sewing
09/18/2019
HKMA and the BIS sign operational agreement on the BIS Innovation Hub Centre in Hong Kong SAR
The Hub will identify and develop in-depth insights into critical trends in technology affecting central banking