12/12/2018
Walkers Hedge Funds Trends - Part 1
All data, unless referenced, is taken from Walkers' in-house investment funds survey.
Legal, Regulation & Compliance
12/12/2018
Major European Banks Named in Alleged Frauds By Innovatis Group
Several well-known banks are named in the Austrian and Colorado indictments as providing loans or other banking and investment services to Lasshofer.
12/12/2018
European Central Bank bond buying legal, EU top court rules
The ECB had hoped that by buying government bonds, as part of its wider “quantitative easing” program, it would lower the interest rates faced by heavily-indebted members that were struggling to borrow more money at competitive rates on the ma
12/12/2018
US, UK to sign re/insurance agreement as Brexit looms
The agreement between the EU and the US eliminated collateral and local presence requirements for qualified reinsurers and facilitated the exchange of information between EU and US supervisors. It also included prudential benefits.
12/12/2018
FCA authorisation processing time continues to fall
Addressing the most recent figures, the FCA said that in recent months the number of applications being handled had outpaced the number being received, which meant the number in progress had fallen.
12/12/2018
UK government slammed for U-turn on ‘golden visa’ suspension
Millions of pounds of investment potentially put in jeopardy
12/12/2018
Nordic group sheds half of wealth unit in strategic deal
The companies have entered into a call and put option agreement, which could see Catella sell more of its position or Söderberg & Partners buy more if appropriate.
12/11/2018
FCA warns managers of wholesale banking and asset management firms have limited familiarity with cyber risks
Firms reviewed by the FCA generally lacked Board members with strong familiarity or specific technical cyber-expertise.
12/11/2018
France's Macron Promises Wage Rises, Tax Cuts Amid Yellow Vest Protest
Reactions from the protesters, who have mounted roadblocks around France since mid-November wearing the fluorescent yellow safety tops that have become their symbol, were not as clear.
12/11/2018
Credit Suisse Suspected of Failings in Wealth-Manager Probe
This is the second fraud case in recent years in the Swiss city involving client assets at Credit Suisse.
12/11/2018
Guernsey Finance prepares to update industry on progress
Last year’s update was our most comprehensive yet and the response was excellent, with our highest-ever attendance by some distance.
12/11/2018
Jersey passes Brexit contingency plan laws
Legislation means the channel island avoids inclusion in the EU blacklist for tax havens
12/11/2018
Milestone for insurers as they come under the Senior Managers and Certification Regime
The extension of the SM&CR will ensure that all staff understand who has ultimate and overall responsibility.
12/11/2018
ECB supervision at 5: challenges, opportunities and wishes
Speech by Ignazio Angeloni, Member of the Supervisory Board of the ECB, at the Official Monetary and Financial Institutions Forum, London 10 December 2018
12/11/2018
Top EU court gives all-clear for ECB bond-buying
While the judgement is a relief for the ECB, it is economically almost moot as the 2.6-trillion euro scheme is set to end this month.
12/10/2018
BoE speech on setting standards
At the Bank, we have been exploring how new sources of data can deepen our understanding of the economy and financial sector to further our mission.
12/10/2018
The United Kingdom's measures to combat money laundering and terrorist financing
The UK is the largest financial services provider in the world.
12/10/2018
UK Serious Fraud Office ends first deferred prosecution agreement with a South African bank
The DPA required Standard Bank to pay fines and disgorgement totaling almost $26 million, pay an additional $6 million to compensate the government of Tanzania, and hire an external compliance consultant.
12/10/2018
The Cayman Islands: An Extender of Value to the UK
Cayman Finance submission to the UK Parliament’s Foreign Affairs Committee ‘Future of the UK Overseas Territories Inquiry’
12/10/2018
MIFID II: ESMA Issues latest double volume Cap Data
The instruments for which caps already existed from previous periods will continue to be suspended.