06/26/2018
The Fundraising Regulation's updated guidance on handling complaints - Withers
Charities should consider implementing internal Complaints Policies to guide staff in responding to complaints quickly and helpfully.
Legal, Regulation & Compliance
06/25/2018
Lessons from Pugachev – trust considerations
The Protector also had positive powers such as to add beneficiaries and to remove trustees with or without cause.
06/25/2018
Industry reacts to surge in problem development lending cases
“Development is not just about value, feasibility is just as important.”
06/25/2018
Iceland: From crisis to hotspot, 10 years on from the financial crisis
The fodder crop was a staple in the Icelandic diet centuries ago and has made a comeback in trendy restaurants in recent years, but these plants aren’t for eating.
06/25/2018
Yorkshire Bank deal for Virgin Money ‘could spark flurry of banking mergers’
He said technology and compliance costs will be high on banks’ radar.
06/25/2018
Chancellor backs mutual recognition model for financial services
Your weekly briefing on the UK economy
06/22/2018
The 5th Anti-Money Laundering Directive and the art world
AMLD5 brings new challenges for ‘obliged entities’ including financial institutions, tax professionals, providers of virtual currencies and those trading in luxury goods – such as art dealers.
06/22/2018
Deutsche Bank stressing out about US stress tests
Germany’s largest bank seems doomed to fail the review by US regulators, causing further damage to its reputation and loss of key personnel.
06/22/2018
French bank SocGen says has wound down contracts with Mossack Fonseca
In March, Mossack Fonseca announced it would be shutting down due to the economic and reputational damage inflicted by the scandal.
06/22/2018
197 arrests made under new bank fraud scheme
The scheme was first introduced as a pilot in London during October 2016, before a national roll-out began in May 2017.
06/22/2018
Deutsche Bank spends $17 billion in a decade on legal costs
Despite spending $17 billion, the bank still has 5 of its biggest cases outstanding and has set aside $2.9 billion for litigation provision 1st qtr.
06/22/2018
Basel Committee issues progress report on banks' implementation of the Principles for effective risk data aggregation and reporting
The report reviews G-SIBs' progress in implementing the Principles in 2017. A previous progress report, published in March 2017, assessed implementation during 2016.
06/22/2018
Dentons Launches Frankfurt 'Eurozone Hub' to Guide Clients on Financial Regulation
The firm aims to offer its lawyers as "supervisor sherpas," guiding clients through the Eurozone's evolving regulatory landscape.
06/22/2018
Deloitte gets its legal licence
Legal services will be provided in employment law, tax litigation and immigration.
06/22/2018
Jersey publishes settlement scheme for EU citizens post-Brexit
Those who have already acquired indefinite leave to remain or permanent residence will have to apply to the Jersey EU Settlement Scheme in the same way as all other EU citizens
06/21/2018
Court queries 'troubling' FCA ban on junior UBS staff
While the court dismissed his suit and ruled that Hussein had offered misleading testimony, it also reserved criticism for the way that the FCA had targeted its investigation and regulatory action.
06/21/2018
MIFID II Temporary Period for Leis to End in July 2018, ESMA Says
ESMA and National Competent Authorities (NCAs) have since observed a significant increase in the LEI coverage for both issuers and clients.
06/21/2018
FCA to carry out review on MiFID II research arrangements
The process will begin with a questionnaire issued to a number of different firms, followed by regulator visits to firms to meet management.
06/21/2018
Two People to Be Prosecuted in Latvian Banking Scandal
Although their names were not mentioned, public TV identified one of them as Bank of Latvia Governor Ilmars Rimsevics.
06/21/2018
Boutique law firm launched in Liverpool
Nama Zarroug specialises in criminal defence and regulatory litigation.