07/21/2019
Varley refuses to give witness statement in £1.5bn Barclays case
Bank denies claims of deceit made by Amanda Staveley’s PCP Capital
Legal, Regulation & Compliance
07/21/2019
Dublin wealth adviser sues banker Rothschild
The Irish legal action lodged last week is the latest of several taken over commission that Dubliner Juerg von Geitz alleges he is owed for referrals of high net worth and, in some cases, high profile Irish clients
07/19/2019
Deutsche Restructuring Sees Compliance, Financial Crime Teams Merged
By combining compliance and financial crime with risk management, Deutsche hopes to break free from the shadows of its past, something which should allow it to become more dynamic in its regulatory obligations.
07/19/2019
New Governance and Reporting Requirements for Large Private Limited Companies
Private limited companies need to consider whether these new arrangements apply to them and if they do; what do they require and when.
07/19/2019
Nordic Banks Pinched by Anti-Money-Laundering Compliance Costs
The banks have been swept up in the wave of crises over alleged compliance lapses that have rocked Europe’s banking sector.
07/19/2019
Memorandum of understanding: between the Financial Conduct Authority and the Bank of England
This MoU does not affect any arrangements under other MoUs.
07/19/2019
EBA publishes Report on regulatory perimeter, regulatory status and authorisation approaches in relation to FinTech activities
As to authorisation approaches, the EBA found that proportionality and flexibility principles are applied in the same way by competent authorities
07/19/2019
Baker McKenzie bangs NQ pay up to £95k guaranteed
It has been widely seen as a move to turn junior eyes back from US firms, which, without a thought for the bank balances of partners at UK firms, have sprayed NQs with salaries of over £140,000 (and that's not counting the bonus).
07/19/2019
Clyde & Co suspends partner and associate over money trouble
Clyde & Co wouldn't say exactly what the lawyers have allegedly done (or not done), but the firm can't be blamed for being a bit twitchy when it comes to accounting rules.
07/19/2019
FCA Statement on the MoU with the Bank of England
We have published an updated Memorandum of Understanding (MoU) between the FCA and the Bank of England (when exercising its prudential regulation functions through the Prudential Regulation Authority).
07/19/2019
European reinsurers can claim capital credit from Guernsey reinsurers
There is no reason why the benefit of that reinsurance should not be recognised under the Solvency II capital calculation.
07/19/2019
Jurisdictions and the pre-nuptial agreement: do it right - Withers
Not least, of course, in an English agreement that it is ‘fair’ – be sure you don’t overlook any cross-jurisdictional complications.
07/19/2019
Sharpening the Blue Pencil
The UK Supreme Court Clarifies the Law of Restrictive Covenants
07/19/2019
Economic substance laws: the private wealth context
The following article sets out a brief overview of the new substance regime with a particular focus on its application to private wealth structures.
07/19/2019
UK deploys first unexplained wealth order in organised crime case
Regulators looking to arrest flow of dirty money through Britain
07/18/2019
Swedbank Slashes Dividend as Baltic Dirty-Money Probes Drag On
Aside from an overall stricter regulatory climate, Swedbank is facing “uncertainty” in relation to what it described as its “work on anti-money laundering.”
07/18/2019
Ahead of policy meeting, ECB's Coeure says bank is ready to act if needed
“Looking ahead, the Governing Council is determined to act in case of adverse contingencies and also stands ready to adjust all of its instruments, as appropriate, to ensure that inflation continues to move towards the Governing Council’s infl
07/18/2019
Bank of Valletta holding 158 individuals liable for lost Falcon Funds savings
Bank of Valletta has filed a judicial letter saying it will hold 158 individuals and companies responsible for any losses the bank might incur after millions are feared to be lost in the Falcon Funds pensions bust
07/18/2019
Combating financial crime - KPMG
3 focus areas for banks to achieve more effective and efficient customer due diligence
07/18/2019
ESMA Reports on NCAS’ use of Sanctions Under MIFID II
ESMA will continue to publish an annual report with the information on sanctions and measures imposed including criminal sanctions.