12/05/2018
BNP Sued by Woman Who Says Outspokenness Led to Discrimination
Angelina Georgievska sues at London employment tribunal
Legal, Regulation & Compliance
12/05/2018
SFO charges failed — but Barclays did not get off lightly
It is hard to bring cases against companies, but compliance problems can still be time-consuming and damaging
12/05/2018
LK Shields and Kilroys merge to tap growth
The team joining us from Kilroys share our core values, most important of which is a commitment to providing high quality and commercially focused advice to our clients.
12/05/2018
Over 2,000 Irish investment funds being investigated
Central Bank mainly concerned with ‘closet indexing’ in case customers being mislead
12/05/2018
Director gets 14-year ban over precious metals investment con
This ruse meant customers had no stake in any of the gold, which was sold to pay the running costs of a separate business.
12/04/2018
How Safe Are Europe’s Banks? Right Now, It’s Hard to Tell
The EU’s stress-testing rules aren’t strong enough.
12/04/2018
UK watchdog cautions banks over hasty Brexit moves
UK regulators have written to banks to say they must ensure that any shift in non-EU business was in the interests of the client and not because of pressure from regulators to be more self-sufficient on the continent
12/04/2018
Derivatives Service Bureau Expands Product Committee Membership
Industry Consultation Results in Broader Representation
12/04/2018
UK’s first Deferred Prosecution Agreement successfully ends
Under the DPA terms, Standard Bank was required to commission an external consultant to report on its anti-bribery and corruption controls, policies and procedures, and to recommend improvements to strengthen its controls, with regular reports issued to t
12/04/2018
Listing, Prospectus and Transparency: HM Treasury explanatory note on EU exit regulations
The changes made in the draft regulations will not take effect on 29 March 2019 if the UK enters an implementation period.
12/04/2018
IRELAND: New anti-money laundering laws now in effect - Walkers Global
Failure to register is a criminal offence.
12/04/2018
Tennis great Boris Becker drops diplomatic immunity claim
The tennis star also wrote that he was "not in a position" financially to pursue any part of this case.
12/04/2018
RBS faces whistleblowing allegations over ‘cronyism’
It is also alleged that the man was paid nearly double what those with qualifications were earning and, damningly, that more experienced and qualified staff were kicked off the project while he maintained his position.
12/04/2018
High Court refuses declarations sought by trustee of unsecured notes as to amounts due and payable by issuer
The decision offers some cautionary guidance as to the steps that those exercising corporate trustee functions might consider taking when applying for declaratory relief in relation to non-payment by the issuer of notes
12/03/2018
Barclays suspected iTraxx trader of leaks
Barclays and BNP Paribas were told by the FCA they had done nothing that justified further action by the regulator.
12/03/2018
Ex-Deutsche Bank director assumes major role at Mizuho
Late last week, the police raided bank’s offices in a two-day investigation related to Panama Papers, which suggested that two unnamed Deutsche Bank employees helped clients set up offshore firms to launder money.
12/03/2018
PIMFA responds to Government publication of Pension Dashboard consultation
The government deserves an enormous amount of credit for listening to industry and largely delivering a workable model that can contribute to delivering good consumer outcomes in the future.”
12/02/2018
Italy's Banco BPM agrees deal with Credit Agricole in bad loan clean up
It has also depressed the prices they can fetch for their bad loans, which were already well below book value.
12/02/2018
Europe bank authorities recognize Vatican reform with own country code
The Vatican and the Board of European Payments Council announced that the EPC had accepted the Vatican’s application to join the Single Euro Payments Area.
12/02/2018
Deutsche Bank chief dismisses takeover speculation
Sewing’s remarks followed the two-day raid as part of an investigation linked to the so-called Panama Papers leak of documents about offshore finance.