01/05/2018
Citi fined $70m for failing to address AML shortcomings
“Citi is committed to taking all necessary and appropriate steps to remedy the concerns identified by the OCC,” a spokesman said.
Legal, Regulation & Compliance
01/05/2018
C.Suisse to move staff out of one of its Canary Wharf offices
The bank may then try to sublease the smaller property until the lease ends in 2024
01/05/2018
Cypriot Court Orders Freeze of $820 Million In Assets Held By Ukrainian Billionaire
Raga claims it received only $100 million up front for the sale and nothing since.
01/05/2018
Robeco Groep N.V. changes its name into ORIX Corporation Europe N.V.
Positioning ORIX Corporation Europe N.V. as a strategic business hub in Europe, ORIX group aims to seek new business opportunities.
01/04/2018
Herbert Smith Freehills - Financial regulation update
FCA updated consumer warning: binary options
01/04/2018
Deutsche Bank faces new 740m-euro claim
"Deutsche Bank intervened significantly in Postbank's business and took over control"
01/04/2018
Deutsche Bank minimum capital requirements increased by European Central Bank
The ECB's decision came as part of its annual supervisory review and evaluation process, in which the central bank judges how well individual banks are dealing with risks.
01/04/2018
Mifid II is just a part of the shift in asset management
Regulation has increased significantly since the financial crisis, and the cost implications of Mifid II are one of many considerations asset managers of all sizes have been taking into account for some time.
01/03/2018
Ex-UBS trader challenges FCA ban over Libor-rigging
‘His participation was not only permissible but mandated, sanctioned by the words and conduct of his senior managers and the policy of the bank.’
01/03/2018
Google's `Dutch Sandwich' shielded $24.5 billion from tax in 2016
The amount of money Google moved through this tax structure in 2016 was 7 per cent higher than the year before
01/03/2018
ECB governor calls for tax, regulation on bitcoin
Bitcoin is perhaps the best known and most popular virtual currency and its value surged as high as $19,500 in December
01/03/2018
EU member states endorse new clearing delay for pension funds
They argue that having to post cash as collateral for centrally cleared derivative transactions would hurt their returns, and that they should be allowed to post government bonds as collateral.
01/03/2018
Former Och Ziff hedge fund executive indicted for fraud in Africa investment scheme, prosecutor says
The indictment was unsealed Wednesday by federal prosecutors in Brooklyn.
01/03/2018
Statement on transitional arrangements for trading venues under MiFIR Article 54(2)
The Financial Conduct Authority has received applications under Article 54(2) from the trading venues ICE Futures Europe and the London Metal Exchange.
01/03/2018
Wealth manager forced into administration after court loss
In a statement, PCR, the administrators of Full Circle, said all client money is in segregated accounts and so not in jeopardy.
01/03/2018
Ex-UBS Trader Says Bank ‘Mandated’ Conduct That Led to Libor Ban
The FCA has handed out hundreds of millions of pounds in fines -- including a 160 million-pound ($217 million) penalty for UBS
01/03/2018
Monaco introduces bill on blockchains
Namely to develop a new business sector in the Principality and attract many companies which are today looking for a flexible, modern and pragmatic regulatory framework.
01/02/2018
Gibraltar launches blockchain regulatory first
The team expect to be very busy in the coming months, and are looking forward to working on some interesting and innovative ideas with applicants.
01/02/2018
Watchdog punishes City with tenfold rise in fines
Last year’s rise in penalties was largely the result of the £163 million fine imposed on Deutsche Bank in January
01/02/2018
Manchester investment banker arrested in fraud case
Benji Silverstone in custody since December 19 on suspicion of conspiracy to defraud