12/09/2019
‘I lost my £193,000 inheritance – with one wrong digit on my sort code’
When Peter Teich’s money went to another Barclays customer, the bank offered £25 as a token gesture
Legal, Regulation & Compliance
12/09/2019
Watchdog asks UK for transparency in tycoon’s settlement
Although there is scant information about the specifics of the case, returning seized funds to the country of origin, as is proposed, is an obligation under the UN Convention Against Corruption.
12/09/2019
Carbon reporting: are you ready to disclose your emissions?
Many businesses caught by these regulations may already be preparing similar information as part of their assessment under the Energy Saving Opportunity Scheme (ESOS).
12/09/2019
FCA fines hit highest level in four years
The UK financial regulator meted out nine £10m-plus levies this year
12/08/2019
Banks have paid a heavy price for rigging Libor – and now the race for a replacement is on
The rate is baked into more than $400 trillion worth of contracts globally – an eyewatering 160 times the UK’s annual economic output.
12/08/2019
Oliver Dearlove murder trial: 'Man killed banker with one punch after hitting him as hard as he could'
Mr Cook told the court: “It almost felt like he was going to leave, and then he thought ‘you know what, I‘m going to hit this guy‘.
12/08/2019
UK needs to maintain regulatory alignment with EU after Brexit
Dombrovskis told the Financial Times it would be simple for the UK to gain equivalence due to the fact that current financial services laws were largely implementing EU legislation.
12/08/2019
EBA pushes for early action on sustainable finance
The third stage of the work will look into the evidence around the prudential treatment of “green” exposures.
12/08/2019
Operational resilience under focus of UK financial regulators
The proposals outlined by the respective regulators differ slightly to reflect the different policy frameworks and supervisory approach they each take.
12/08/2019
IFCs must contribute to the evolution of the corporate tax landscape by Geoff Cook
If this steams ahead, there is the potential for a seismic shift that could have a significant impact on cross-border trade and investment.
12/08/2019
Ten key regulatory challenges of 2020
Financial services risk across business imperatives
12/08/2019
Vatican investments linked to global money laundering investigations
Swiss financial news sites also linked the bank to an alleged $62 million bribe paid to a PDVSA official.
12/08/2019
Deutsche Bank staffers cleared but bank fined in money laundering case
Sources close to the investigation said as recently as July that prosecutors were set to escalate the investigation
12/06/2019
Building operational resilience: impact tolerances for important business services
Building the operational resilience of firms and Financial Market Infrastructures is a shared priority for the three supervisory authorities.
12/06/2019
Sky Views: Christine Lagarde's climate mission 'taking things too far'
Unfortunately, Ms Lagarde has already undermined her ability to make that case.
12/06/2019
European Central Bank Will Study the Demand for Digital Currency
The ECBand other EU central banks could usefully explore the opportunities as well as challenges of issuing central bank digital currencies including by considering concrete steps to this effect.
12/06/2019
Council sets strategic priorities for AML/CFT reform
The conclusions point to significant recent enhancements to the AML regulatory framework.
12/06/2019
'Upset' and 'incensed': leaked Gary Senior report reveals bungling and blame game at Baker McKenzie
The Simmons report was commissioned by Bakers in 2018.
12/06/2019
'Evacuate now, bill later,' Winckworth Sherwood tells lawyers during terrorist attack
An hour later, Winckworth Sherwood sent staff a text instructing them to evacuate Minerva House as soon as possible.
12/06/2019
New appellate guidance on the Duomatic principle
Mr Dickinson instructed solicitors to prepare documentation to transfer the property to his name.