01/16/2018
Polish regulator refuses Raiffeisen's plan to start new bank
In November RBI said it planned to carve out the FX mortgages portfolio and eventually take it over.
Legal, Regulation & Compliance
01/16/2018
Vultures already circling Carillion DB pensions
“One in six (17%) pension holders in the UK have been contacted by a company – other than their provider – to discuss making changes or transferring their pension.
01/16/2018
Expats win 10-year battle with Spanish bank over failed investment project
Lawyers for the bank also claimed the time limit to file a lawsuit was one year, according to the report.
01/16/2018
Barclays trader charged with fraud by US authorities
“Robert Bogucki and others allegedly not only betrayed his client’s confidences, but also risked undermining public trust in the foreign exchange options market,”
01/15/2018
Basel III: some banks will lose out
Regulators are concerned that banks have downplayed the risk of mortgages in their risk models
01/15/2018
PSD2: FCA updated webpage on reporting requirements
Herbert Smith Freehills - Financial regulation update
01/15/2018
German Central Banker: Cryptocurrencies Must Be Regulated On a Global Scale
To that end, Wuermeling said that such a state of affairs could only be reached in the event of heightened cooperation.
01/15/2018
Mifid II to slash managers' fees by 10 to 15%
The report stated: "A winnowing of funds is already under way in response to investor disappointment with active management performance.
01/12/2018
Cyprus company sues ex-Trump campaign manager Manafort for fraud
Manafort and Gates are already under criminal indictment by Special Counsel Robert Mueller
01/12/2018
PRA consultation on changes in insurance reporting
Herbert Smith Freehills - Financial regulation update
01/12/2018
UK law firm expands corporate practice in Malaysia
UK LAW firm is boosting its presence in Malaysia with the appointment of a newly promoted partner to be based in Kuala Lumpur
01/12/2018
International law firm wins ‘Lawyer of the Year’ award
We are delighted to receive this award from Hermes Investment Management
01/11/2018
Adviser banned over unpaid Harlequin
A UK financial advice firm has been shut down for failing to pay an Ombudsman fine levied for advice given on a notorious defunct Caribbean hotel scheme.
01/11/2018
MiFID II: ESMA delays publication of DVC data
Herbert Smith Freehills - Financial regulation update
01/11/2018
Qatar Re gets green light for London operations
Our local presence allows us to further enhance our access and offering to our UK clients and brokers.
01/11/2018
FCA outlines plans for major CFD review
The UK Financial Conduct Authority is to review the current process for the provision and distribution of contracts for difference products.
01/11/2018
Financial adviser one of four accused in US$2.5m Bermuda gov’t fraud
Financial adviser Charity, 52, and friend, Ismail, 42, both of Leicester, are also accused of taking part in the fraud.
01/10/2018
Fired Barclays Trader Sues to Win Back Job Lost in FX Probe
Barclays had been misusing an electronic trading program by rejecting clients’ currency trades when it showed that they would lose the bank money, the regulator said.
01/10/2018
Julius Baer Seals Italian Deal
The wealth manager is, like until recently WMPartners, managed independently of Zurich, and has its own management under founder Paolo Basilico
01/10/2018
Italy and Iran to sign $5.97bln investment agreement- Treasury source
Opening of lines of credit to two Iranian banks by Invitalia, an Italian state-owned holding, in order to finance investment projects.