02/21/2019
EBA Consumer Trends Report 2018/19
The Report also provides an overview of the topical issues identified in 2018/19 that impact or may impact consumers.
Legal, Regulation & Compliance
02/21/2019
FCA Investigation – Hargreave Hale
We have co-operated fully with the FCA throughout its investigation and have provided comprehensive evidence and arguments to support our view that no infringement involving Hargreave Hale occurred.
02/20/2019
ESMA renews binary options prohibition for further three months
ESMA has carefully considered the need to extend the intervention measure currently in effect.
02/20/2019
Danske is kicked out of Estonia as scope of investigations grows
The agency is giving Denmark’s biggest bank eight months to return deposits to customers and either sell or transfer loans to another lender.
02/20/2019
HSBC warns on China, UK slowdowns as 2018 profit disappoints
At the end of his first year in charge, Chief Executive John Flint said HSBC may have to delay investment plans in order to avoid missing a key target known as ‘positive jaws’ - which tracks whether the bank is growing revenues faster than cos
02/20/2019
European lawmakers say NordLB rescue may involve state aid, urge EU probe
"There are good reasons to believe the rescue of NordLB involved state aid," German green EU lawmaker Sven Giegold told Reuters on Tuesday before a parliament's closed-door hearing on the matter with competition commissioner Margrethe Vesta
02/20/2019
France revels in sovereign bond ‘sweet spot’
Strong demand for long-dated debt follows popular deals for Italy, Belgium and Spain
02/20/2019
Aviva, NatWest to join 'Brexodus' of business to EU
The High Court in London approved the transfer of policies after a hearing on Aviva's application last week to move life insurance assets.
02/20/2019
Qatar-Germany bilateral ties gain momentum
Several important agreements were signed during the session, including one relating to the establishment of the Qatari-German Businessmen Council, which will play a key role in bolstering joint efforts to develop strategic bilateral cooperation.
02/20/2019
IA launches communication guide in response to FCA criticism
Follows Asset Management Market Study
02/20/2019
Demand sees Grant Thornton expand its forensic and investigations team
"Whether it's reducing the time spent analysing vast amounts of data, scanning and reviewing contracts or carrying out due diligence, the legal profession has recognised the enormous benefits of using digital technology."
02/20/2019
Portugal's 'golden visas' generating wide interest in Middle East
Eurico Brilhante Dias, Portugal’s secretary of state for internationalisation, also spoke about Brexit, building up trade and visa-free travel
02/20/2019
Cyprus is proving to be an attractive destination for investment funds
With the on-going Brexit negotiations causing significant uncertainty across the continent, Cyprus offers a secure and cost-effective European jurisdiction for fund management companies
02/19/2019
ECB to assess health of bank credit as funding question looms
The euro zone’s economy has continued to slow, raising questions over ECB plans to raise its interest rates sometime after next summer.
02/19/2019
Cum-Ex Lawyer to Stand Trial
The German court awarded the money to make up for losses that the drugstore magnate incurred through investments
02/19/2019
Sports Deal Gone Sour Sends Ripples Into a $3.3 Trillion Market in China
Merchants Bank issued WMP to funnel money to MP & Silva deal
02/19/2019
HMRC defeat could lead to allowance claims
The lifetime allowance – the limit on the amount of money that can be saved in a pension without triggering a tax charge - currently stands at £1,030,000.
02/19/2019
HSBC Sued For £150m Over Disney Tax Avoidance Scheme
It strived to take advantage of tax legislation that is designed to promote the film industry of the United Kingdom.
02/19/2019
Greece Seeks European Commission’s Assent for Bank Plan, Sources Say
The government’s proposal is for an Italian-style model whereby debt is unloaded into special purpose vehicles which then sell bonds to investors
02/19/2019
Reform of UK limited partnership law: government response to consultation
The government is considering what will be needed to evidence this and how to apply the new rule to existing UKLPs.