08/24/2017
Dutch government demands €13m in negative interest from Deutsche Bank
All other counterparties with the Dutch state are paying negative interest on the collateral that is held in cash.
Legal, Regulation & Compliance
08/23/2017
Pensions regulator launches prosecution against BHS man
The notices requiring information were issued to Mr Chappell on 26 April 2016, 13 May 2016 and 20 February 2017.
08/23/2017
Herbert Smith Freehills - Financial regulation update
OJ: ECB decision on the provision of supervisory data
08/23/2017
Carey Olsen advises Permira investment partnership
The deal value and stake in Klarna is undisclosed and it is Permira’s first foray into the Fintech sector.
08/22/2017
EBA urged to follow Singapore's approach to the regulation of cloud outsourcing by banks
The firms must be able to demonstrate their compliance to the regulator.
08/22/2017
Former Lloyds CEO sues for unpaid bonuses
It was unclear how much Tate, who resigned from Lloyds a year after Daniels, is seeking.
08/22/2017
Herbert Smith Freehills - Financial regulation update
European Commission: MIFIR delegated regulation on treatment of package orders
08/21/2017
Ukraine arrests French-Israeli wanted in ‘fake CEO’ scam
Gilbert Chikli, living in Israel since 2009, nabbed along with another French-Israeli suspect
08/21/2017
Government to ban all cold calling on pensions in crackdown on multimillion-pound scams
Other measures include tougher action to halt the transfer of money from occupational pension schemes into fraudulent ones
08/21/2017
Banca IMI Securities to Pay $35 Million for Improper Handling of ADRs in Continuing SEC Crackdown
The SEC’s order finds that BISC obtained pre-released ADRs and lent them to counterparties without satisfying the proper requirements.
08/21/2017
UK banks plan for new accounting rules on bad loans
The survey sample included five large banks in the UK.
08/21/2017
SEC Drops Suit Against 'London Whale' Traders
Recent, unspecified statements and writings by the London Whale himself, Bruno Iksil, undermined prosecutors' plans to call him as a witness against Julien Grout and Javier Martin-Artajo, shown in 2013
08/21/2017
Law firm quit as Barclays adviser over Qatar loan fears
Linklaters concerned deal during financial crisis would be illegal, documents show
08/21/2017
Regulators get ready to authorise 'ring-fenced' British banks
Ring fencing is a vital piece of the post-crisis reform architecture.
08/21/2017
Tatfondbank Bank collapse: investigators come after Robert Musin’s offshore companies
They were quickly liquidated once Tatfondbank’s issues went public.
08/21/2017
Russia battles financier in court over zombie fund
Londoner who lobbied the US for sanctions on Russian nationals faces bankruptcy charge over shuttered hedge fund unit
08/21/2017
IFAs say new pension transfer qualification is too expensive
Six members of staff at Oxfordshire-based The Paraplanners planned to sit the new qualification
08/21/2017
Risk of challenge to fees charged in finance agreement
This judgment may materially change the way in which collection fees and other fees are charged to clients.
08/21/2017
UK fund giants’ Mifid II moves look increasingly risky
Fund groups claim they have been waiting for more flesh to be put on the bones of the Mifid II proposals.
08/21/2017
UK to limit right to transfer pensions but will include Qrops
Many highlighted,however, the need to ensure legitimate transfers were not blocked unnecessarily.