01/26/2018
The FCA has published decision notices against a firm and its chief executive
These Decision Notices are therefore provisional (so far as they refer to OIL) in light of the challenge being made in the Tribunal by OIL as a third party.
Legal, Regulation & Compliance
01/25/2018
EBA announces launch of 2018 EU-wide stress test
Herbert Smith Freehills - Financial regulation update
01/25/2018
Developments with the UK Trusts Register and offshore implications
"Regulation is changing every year, and understanding and anticipating how it will develop is becoming ever more crucial from a planning perspective."
01/25/2018
Investors eye trading gold in Mifid II overhaul
An expected cut in sellside analysts and new data offer potential opportunities
01/25/2018
EU regulators provide guidance for digital 'on-boarding' by financial firms
Financial firms should consider requiring customers to provide proof of identity from documentation containing "high security features or biometric data", such as passports, to ensure that digital-only 'on boarding' processes comply wi
01/25/2018
New report assesses structural change in global banking - BIS
The decline in bank return-on-equity from historically high pre-crisis rates partly reflects lower leverage and risk-taking, but also sluggish revenues and high costs.
01/25/2018
European Central Bank keeps policy on hold as economy grows
The end of the stimulus will eventually have wide-ranging effects for many people.
01/24/2018
STM moves Gibraltar HQ to UK amid ‘exceptional circumstances’
Cross border financial services provider STM Group has confirmed it is moving its headquarters from Gibraltar to the UK this month.
01/24/2018
Marital Asset Recovery: 'Wealth Managers' Assist Unscrupulous Men in Defrauding Their Wives
Wealthy men are cheating on their wives—with their accountants and lawyers.
01/24/2018
Gordon Dadds announces takeover of Bristol solicitors firm
Metcalfes is a firm of general practice solicitors based in Bristol.
01/24/2018
Former Russian banker detained in Monaco over $8.8 million fraud
The investigation into the criminal case established the involvement of the defendants in several similar acts.
01/23/2018
AIMA publishes GDPR implementation guide
The AIMA Guide summarises the GDPR framework in the context of alternative investment management firms and funds and looks at how new rules differ from the existing Directive.
01/23/2018
Obligation to revalue UK residential property held as at 1 April 2017- SMP Partners
Assuming that the property was owned as at 1 April 2012 and that there were no substantial changes to the property interest after 1 April 2012.
01/23/2018
UK to broaden access to financial ombud in wake of bank scandals
Without access to the free FOS resolution service, a business would have to take a bank to court, a costly and time-consuming process.
01/23/2018
French manager calls out ‘cheeky’ rivals over Mifid II research rules
Firms have to declare whether they pass these costs to their clients or pay out of their own pockets for it.
01/23/2018
Ex-Barclays executive challenges FCA censure
Former banker was secretly recorded saying he had destroyed a key report
01/23/2018
Ex-Credit Suisse Banker Spent Hidden Million on Wife's Jewelry
One cannot help but be struck by those numbers,” Jeanneret said.
01/23/2018
Prudential insurance was unnamed victim of HSBC's currency rigging settlement
HSBC admitted that its traders misused confidential information
01/23/2018
Asset managers under fire as impact of transaction costs revealed post-MiFID II
MiFID II requires investment managers to disclose additional transaction costs that are charged to their funds, on top of the established ongoing charges figure.
01/22/2018
Jersey banking law gets SEPA update
Jersey first became a member of the SEPA in 2015, when legislation was passed enabling payments in Euros to be made by Jersey banks direct to and from other member banks.