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Legal, Regulation & Compliance

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.

10/12/2018

Committee sets out expectations for Bank of England and FCA’s Brexit analysis

The Committee asked the three organisations to publish their analyses in good time before Parliament comes to vote on the Brexit deal.

10/12/2018

Basel AML Index reveals slow progress in combating money laundering

The findings tie into recent high-profile probes involving countries generally considered low-risk.

10/12/2018

Tax, Fiduciary and Philanthropic Requirements in 60 Countries - RESEARCH

A similar report was first produced by the two organizations in 2015.

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