04/27/2018
Malta had concerns about bank with Azeri clients, kept it open
Many of her claims, including the one about corrupt payments, remain unproven.
Legal, Regulation & Compliance
04/27/2018
Police launch fraud investigation into football advice firm
City of London Police detective superintendent Perry Stokes, who is leading the investigation, said: 'We are encouraging anyone who believes they are a victim."
04/27/2018
BlackRock, JPMAM and Schroders bid for Lloyds mandate
Contract withdrawn from Standard Life Aberdeen
04/26/2018
International wealth manager in breach of Fais Act
Chase Buchanan has been marketing its services in South Africa without a licence.
04/26/2018
European markets open mixed as earnings, ECB meeting takes center stage
During Europe's session, investors will be turning their attention to Frankfurt, where the European Central Bank is due to announce its latest monetary policy decisions, followed by a press conference.
04/26/2018
Two studies show most firms unready for GDPR deadline
More than a third of financial firms (34%) said they have not even begun preparing for GDPR, the Cordium study, carried out in April, reported.
04/26/2018
The Treasury allocates just £200,000 for the GDPR
The Ministry of Justice has a total allocated budget of £543,31 for the GDPR.
04/26/2018
British MPs called for disclosing Russians with money in offshores
A group of British parliamentarians demanded the adoption of a bill that would force to disclose the names of businessmen that keep money in the British Virgin Islands and the Cayman Islands, The Times imparts.
04/25/2018
FCA tells EU to get on with reciprocal passporting
Financial Conduct Authority chief executive Andrew Bailey has told the European Union to “get on with it” and reciprocate passporting for UK firms during the implementation period.
04/25/2018
Brexit: what does it mean for financial markets to be open?
The Government has committed to legislating for a temporary permissions regime.
04/25/2018
Guernsey leads with world first green investment fund product
It will be open to all types of new and existing funds, authorised, registered, Guernsey Private Investment Funds, open-ended and closed-ended, with different levels of certification available.
04/25/2018
German government cuts 2018 growth forecast to 2.3 percent
It added that corporate investment would also remain dynamic.
04/25/2018
France to consider curbs on credit growth in June - central bank chief
Speaking at a conference about non-bank finance at the French central bank, Villeroy said that credit to firms and households has been growing close to six percent a year.
04/25/2018
Asset management roundup: Ashburton partners with Fidelity on multi-asset
Ashburton will oversee strategic asset allocation across the range, but now with input from the team at Fidelity.
04/24/2018
Basel Committee urges full, timely and consistent implementation of Basel III post-crisis reforms
The report sets out the adoption status of Basel III standards for each BCBS member jurisdiction as of end-March 2018.
04/24/2018
Azeri ruling families linked to secret investments via Maltese bank
President’s children among alleged beneficiaries of multimillion-pound global investments by networks of companies
04/24/2018
Appleby slams ‘absurd’ BBC gangster claims
Paradise Papers law firm Appleby has denied claims made by the BBC that Ukrainian gangsters used its offshore schemes to hide their ownership of London property.
04/23/2018
Mifid II forces fund managers into sharp research cuts
European groups rein back on analysis produced by banks and brokers
04/23/2018
Cristiano Ronaldo accused of using offshore firms in Luxembourg and Jersey
There is nothing illegal in using offshore companies, provided tax is paid on income generated. It is not known if the player has done this.
04/23/2018
COLD-CALL CONMEN: €2.5million boiler room fraudsters held
Those placing the calls were given scripted replies to typical questions, giving them the best chance of conning their targets.