07/31/2019
Legal & General strikes savings account deal with Raisin
The UK investment giant signs its first fintech partnership.
Legal, Regulation & Compliance
07/31/2019
The new breed of international family
The situation in Guernsey is no exception, where we’re experiencing a marked shift away from our past UK-centricity.
07/31/2019
Commercial Court considers contractual discretion of bank to close customer account without notice where there is suspicion of money laundering
This is a perennial debate, and the recent Law Commission consultation on reform of the SARS
07/31/2019
Bright prospects: Ratings agency Fitch upgrades it’s Malta rating to ‘positive’
Over the years that have followed it built up a solid reputation for being an agile, advantageous and practical country in which to do business in sectors that include additional to financial services, gambling and gaming as well as fund administration
07/31/2019
German law targets money laundering in property market
The legislation will expand the number of professional groups required to report suspicious deals and take precautions to prevent laundering.
07/31/2019
FCA Finalizes Guidance on Types of Cryptoassets It Will Regulate
This includes making the important distinction as to which cryptoassets fall inside the regulatory perimeter clearer.
07/31/2019
The PRA’s Approach to Enforcement by Miles Bake
Speech given by Miles Bake, Head of Legal, Enforcement & Litigation Division
07/31/2019
Commission sets out its equivalence policy with non-EU countries
Our equivalence policy has proven effective so far, and we now have even better rules in place to meet our objectives of preserving financial stability while promoting international integration of EU financial markets.”
07/30/2019
Spain’s second-largest bank charged with corruption
Spanish media reported that BBVA had hired Villarejo’s firm Cenyt to investigate officials belonging to the construction company Sacyr, as part of BBVA’s efforts to stop a Sacyr’s unsuccessful bid to take over the bank in 2004.
07/30/2019
Bank of England and PRA finalise the Resolvability Assessment Framework
Resolution is the process by which authorities intervene to manage the failure of a bank in an orderly way.
07/29/2019
Optimising the Senior Managers and Certification Regime
Today we publish final rules on the extension of the Senior Managers and Certification Regime (SM&CR) to FCA solo-regulated firms, including claims management companies.
07/29/2019
JPMorgan, UBS Among Banks Facing $1 Billion FX-Rigging Suit
The lawsuit centers on collusion on foreign-exchange trading strategies, for which the European Commission fined Barclays, RBS, Citigroup, JPMorgan and Mitsubishi UFJ Financial Group, Inc. a total of 1.07 billion euros ($1.2 billion) in May.
07/29/2019
How negative interest rates helped turn Deutsche Bank into a disaster
But Deutsche Bank's struggles have also been amplified by something the 149-year-old lender never imagined, mostly because it had never happened before in modern history: negative interest rates.
07/29/2019
Supreme court rules UBS must hand client data over to France
This represents a significant change, as it overturns a decision previously made by the Swiss Federal Administrative Court in 2018.
07/29/2019
Why Compliance (Still) Matters
In fact, now is arguably the best time for corporations to continue investing in their compliance programs to ensure they have in place an effective and comprehensive set of compliance policies, procedures and internal controls.
07/29/2019
Crossing the line to cross-examination
The claimants said the disclosure was inadequate and sought cross-examination of her on the same.
07/29/2019
Deutsche Bank Launches Client-Data Compliance Probe after Layoffs: FT
The internal probe, lead by the bank’s global compliance chief Jeremy Kirk, will seek to determine whether ex-bankers accessed price-sensitive data
07/27/2019
Swiss Government to Study UBS French Client Data Ruling
The ministry will carry out a “detailed analysis once the written grounds are available,” the FDF said in a statement on its website.
07/26/2019
Leader of LCF probe urges victims to get in touch
Dame Gloster aims to engage with bondholders, professional organisations and other interested parties in an "organised and structured way".
07/26/2019
Central Bank Action Could Send Oil Higher
It will be the first rate cut in a decade, and arguably provides evidence that the central bank tightened a bit too quickly last year.