10/15/2018
City braced for more departures
The Bank of England warned last week against the bloc using derivatives as a Brexit bargaining tool, risking financial stability.
Legal, Regulation & Compliance
10/15/2018
Lithuanian, Ukrainian central banks sign fintech cooperation agreement
The Bank of Lithuania and the Monetary Authority of Singapore signed their fintech cooperation agreement last March.
10/15/2018
Richest Clients Are Being Penalized by MiFID, Nordea Bankers Say
If someone is categorized as a retail investor, he or she might not be granted the same access to complex investment products despite having the relevant expertise, the bankers said.
10/15/2018
Italy must abide by European rules, agreements - IMF's Lipton
The Italian coalition has set a deficit target of 2.4 percent of economic output for 2019, tripling the previous goal for the heavily indebted nation, unnerving investors and prompting sharp criticism from the Commission.
10/15/2018
Burford Capital raises more than $250 million for continued expansion
Burford pioneered institutional-quality commercial litigation finance and has a team in the US, Europe and Asia-Pacific, who work with clients around the world.
10/15/2018
Five reforms the ECB should embrace
The ECB’s primary objective is price stability, defined as “a rate of inflation below but close to 2 per cent”.
10/15/2018
UK fund manager flies in to court companies
Under his stewardship the company has seen its funds under management grow to about US$8 billion, mainly on the strength of its private clients.
10/15/2018
African Development Bank showcases investment opportunities in Africa to Nordic investors
The aim of the event was to bring the Bank closer to customers in order to increase awareness of key private sector stakeholders to understand the Bank’s financial and risk mitigation products for investment projects.
10/15/2018
UK’s largest businesses hit with £59m in fines by HMRC for ‘careless’ behaviour last year
Fines levied for ‘careless’ behaviour can be costly for businesses.
10/15/2018
CYBG completes acquisition of Virgin Money
The deal sees the creation of the UK’s sixth biggest bank and the first national banking competitor to the status quo
10/15/2018
Judge says Fos decision may be illegal
London's High Court heard Berkeley Burke was made to repay the £29,000 pension fund of Wayne Charlton.
10/15/2018
RBS chief cannot guarantee end to scandals under his watch
Ross McEwan was speaking around the 10-year anniversary of the bank's £45 billion Government bailout in 2008
10/15/2018
ESG wake-up call for pension laggards
Policymakers are trying to steer more UK schemes towards sustainable investing
10/15/2018
Battle to recruit ESG specialists intensifies
Applications are up but the right skills are hard for funds to find
10/14/2018
Consumer rights if there's no Brexit deal
How consumers’ rights would be protected if the UK leaves the EU with no deal.
10/14/2018
Universal Wealth Management: Police probe Ipswich firm
They have since been released but remain under active police investigation.
10/14/2018
Head of British standards-setting body warns of rise in AI risk to financial markets
The global algorithmic trading market is expected to grow to US$18.16 billion by 2025 from US$8.79 billion in 2016 – but are the technology, artificial intelligence and electronic trading systems involved regulated strictly enough?
10/12/2018
The new ‘McMafia’ law will go some way to tackling corruption, but Brexit plans could make it even worse
You want money laundering? You got it.
10/12/2018
London remains a safe haven for the world’s dirty cash
The government’s new unexplained wealth orders are a hopelessly weak weapon against money laundering
10/12/2018
Global Financial Markets Regulatory Review
Reported items include proposed legislation, rule changes, disciplinary actions, litigation, and other news.