07/02/2019
Ex-Barclays Euribor trader takes UK to European Court of Human Rights
He was sentenced alongside compatriot Christian Bittar, a former Deutsche Bank trader, who had pleaded guilty before the trial began.
Legal, Regulation & Compliance
07/02/2019
Polish Banks Warn of $16 Billion Risk From EU Ruling, Puls Says
The issue of how to deal with Poland’s $32 billion of non-zloty loans, mostly denominated in Swiss francs, has repeatedly battered the country’s bank stocks.
07/01/2019
India slips to 74th place on Swiss money list; UK remains on top
By comparison, the top-ranked UK accounted for more than 26 per cent of the total foreign funds parked with Swiss banks at the end of 2018.
07/01/2019
FCA response to European Banking Authority’s Opinion on Strong Customer Authentication
The EBA has published an Opinion on Strong Customer Authentication under PSD2.
07/01/2019
Euro Cyber Resilience Board for pan-European Financial Infrastructures
Six months have passed since our last meeting in December, during which time, all of us – whether on behalf of a public or private financial infrastructure, a supervisor or an overseer – have been busy enhancing the cyber resilience of our res
07/01/2019
Capital markets union: Council sets its position on easier access to crowdfunding platforms
The proposal also increases legal certainty by harmonising investor protection rules.
07/01/2019
Consortium bids £6bn for Alton Towers owner Merlin
Legoland, London Eye and Madame Tussauds will be taken over by group led by Lego owners
07/01/2019
Change of rules in state pension could lead MILLIONS of bereaved to poverty
MILLIONS of bereaved pensioners could be left facing poverty because of a little-known state pension rule.
07/01/2019
StanChart, HSBC focus more on European Union to help clients
The loss of some EU market access for British financial firms resulting from Brexit means many large companies that have traditionally run all their European finances from London, now need a bank that can help them operate between multiple hubs.
07/01/2019
BIS to set up Innovation Hub for central banks
The role of the Hub will be to identify and develop in-depth insights into critical trends in technology
07/01/2019
Jeremy Hunt could refuse to pay part of UK’s £39bn Brexit bill
Hunt added, “We will know by the beginning of October if it’s going to be possible to negotiate a deal that we are going to be able to get through the House of Commons.
07/01/2019
Time to ignite all engines, BIS says in its Annual Economic Report
In its flagship economic report, the BIS calls for a better balance between monetary policy, structural reforms, fiscal policy and macroprudential measures.
07/01/2019
G20 summit - Merian Global Investors fund managers' commentary
Global markets have immediately reacted positively to the signs of thawing in the relationship, with emerging markets and cyclical stocks the principal beneficiaries.
06/30/2019
Switzerland-EU partnership row facing deadline
Switzerland, last week announced a "protective" plan — set to take effect on Monday — that would bar EU exchanges from trading in certain Swiss shares.
06/28/2019
EU ‘welcomes’ economic substance amendment
The Economic Substance Amendment Act 2019 was tabled and passed by MPs last Friday and senators followed suit yesterday.
06/28/2019
Britain's investment funds face scrutiny as Bank of England's Carney blasts liquidity 'lie'
"These funds are built on a lie which is that you can have daily liquidity for assets that fundamentally aren't liquid," he said.
06/28/2019
Treasury Committee would 'support' further regulation of fund buy lists
Hargreaves Lansdown's Wealth 50 under the spotlight
06/28/2019
FCA launches review of the Credit Information Market
The Financial Conduct Authority (FCA) has today launched a market study to examine how the credit information market operates and the impact it has on consumers.
06/28/2019
Ex-UBS executive and her friend jailed for insider trading
Fabiana Abdel-Malek and Walid Anis Choucair were each convicted over the course of the past three days of insider dealing following an eleven week trial brought by the Financial Conduct Authority (FCA) at Southwark Crown Court.
06/28/2019
Supreme Court rules on tax residence of holding company
The regional tax court ruled in favor of the tax authorities and the taxpayer appealed the decision to the Supreme Court on various grounds