11/26/2017
Time will tell if Central Bank right not to ban broker commissions
The easiest way to deal with it would have been to abolish commissions and simply let the broker collect other fees, usually payable over the lifetime of the product.
Legal, Regulation & Compliance
11/24/2017
FCA speech on regulatory priorities for retail banking, PSD2
Herbert Smith Freehills - Financial regulation update
11/24/2017
Paris primed to host EU banking regulator
Brexit evacuee prepares for life alongside thermonuclear R&D agency
11/24/2017
Hong Kong and UAE investors start court case over failing £200m Liverpool ‘Chinatown’ plans
As a result, investors, mainly overseas and from Asia are now set to lose millions of pounds, something that the Liverpool City Council believe is “no moral obligation” of theirs.
11/23/2017
Regulatory priorities for retail banking - FCA
In our view, competition issues persist in retail banking.
11/23/2017
Coutts ordered to pay out on £400k offshore investment
It follows a previous adjudicator’s findings that the investment adviser had failed to adhere to its clients’ wishes to have their capital protected, which Coutts appealed.
11/23/2017
Inheritance tax 'in the crosshairs' for reform
nheritance tax could be targeted for reform as HM Revenue & Customs publishes research into how the exemptions are used by advisers and their clients. The research, published yesterday alongside the Budget, found most of the beneficiaries and testato
11/22/2017
Herbert Smith Freehills - Financial regulation update
Commission speeches: EU financial sector, EMU, CMU and green finance
11/22/2017
Paris wins battle to host European banking regulator
Amsterdam chosen as post-Brexit home for medicines agency
11/22/2017
Accountants face fines of £10m-plus for shoddy work
The watchdog has been criticised in recent months for being too close to the firms it regulates and for not being prepared to take a tough enough line where questionable practices have been uncovered.
11/22/2017
City watchdog fines former BAML bond trader more than £60,000
Mr Walter’s abusive trading resulted in a profit of €22,000 to his trading book.
11/22/2017
FCA tells IFAs to blow whistle on rogue DB advisers
The regulator held the seminar in Swansea because it is close to the Tata British Steel site in Port Talbot.
11/22/2017
Russian Billionaire Arrested In France For Tax Evasion
French Police Arrested One Of Russia’s Richest Men
11/22/2017
From maps to apps: the power of machine learning and artificial intelligence for regulators
Speech by Stefan Hunt, Head of Behavioural Economics and Data Science at the FCA, delivered as part of the Beesley lecture series on regulatory economics at the Institute of Directors.
11/22/2017
Herbert Smith Freehills - Financial regulation update
To view a web version of this email please click here Herbert Smith Freehills Financial regulation: daily update FCA speech on the power of machine learning and AI for regulators The FCA has published a speech delivered by Stefan Hunt, Head of Behavi
11/22/2017
Libyan Fund Scores Win In Bid To Use SocGen Dispute Docs
The Libyan Investment Authority, or LIA, has settled legal action with the French bank over claims that it lost more than $2 billion because of bribes linked to trades.
11/22/2017
Hogan Lovells and Innovate Finance to extend partnership
By sharing our expertise and resources we can provide a crucial voice to the industry and help it to thrive in the UK.
11/21/2017
Herbert Smith Freehills - Financial regulation update
EBA guidelines on PD estimation, LGD estimation and the treatment of defaulted exposures
11/20/2017
HSBC Calls Banker's $2.4 Million Bonus Suit a Waste of Time
The bank says Parmar, who headed an HSBC Private Bank business unit for south Asia, helped Sanjay Sethi -- a former client -- evade taxes.
11/20/2017
How to manage the risks of mass data breaches under gdp
The Supreme Court granted permission to appeal but the appeal has not gone ahead.