10/30/2017
Europe’s Optimum AM says it’s counter-suing Vatican Bank over Budapest investment
The development of the project has now recommenced, with expected completion in 2018 or 2019.
Legal, Regulation & Compliance
10/30/2017
Raiffeisen bank under financial regulator scrutiny
Raiffeisen has around 3.7 million clients and 955 branches in Switzerland.
10/30/2017
Amid Russia Row, Miami Boutique Affiliates With Moscow Firm
Diaz, Reus & Targ will have a new outpost in the Russian Federation after aligning with LegaLife.
10/30/2017
DNB to assess regulatory burden on Dutch schemes
The federation highlighted the multitude of theme surveys conducted by the watchdog, as well as the consequences of the Europe-wide derivatives legislation EMIR.
10/30/2017
Listed issuers must focus on new IFRS standards in 2017 annual financial reports
The ongoing relevance of the fair presentation of financial performance and the disclosure on the impact of Brexit.
10/30/2017
EBA announces final timeline for the 2018 EU-wide stress test
The exercise is expected to be launched at the beginning of 2018.
10/29/2017
HSBC faces legal challenge from small businesses
Hundreds of companies hit by bank’s crackdown on money laundering
10/29/2017
Do You Own UK Residential Property Through An Offshore Company?
Since offshore companies are now caught by the changes to the UK tax rules, offshore company owners may wish to examine their current structures to determine whether they are tax efficient.
10/29/2017
City of LondonEU Tries to 'Enforce Ghost Tax Rule' by Probing UK Multinationals Policy
The timing is very suspect.
10/29/2017
Royal Bank of Scotland boss Ross McEwan has a tough job ahead, says GEOFF HO
A report released by the Financial Services Authority earlier this month found that there was “systematic inappropriate customer treatment” of thousands of small business customers by RBS.
10/27/2017
Herbert Smith Freehills - Financial regulation update
FCA reforms to the Listing Regime and equity IPO process
10/27/2017
UK asset managers under pressure to boost capital buffers
Regulator wants fund houses to beef up reserves by an additional 82% on average
10/27/2017
EU Asked To Probe If Banks Had ‘Cartel’
The Tracker Mortgage Scandal Has Rocked Ireland
10/27/2017
Luxembourg Corporate - Unregulated securitisation vehicles
It shall finance its securitisation operations through the issue of securities.
10/27/2017
Interest rate decisions in the UK and US could spook investors in Halloween week
The focus will shift to the US economy’s most important data point.
10/27/2017
Draghi treads carefully to avoid Taper Tantrum 2.0
He clarified that the bank will also continue reinvesting the proceeds of its bond purchases for “as long as necessary”
10/27/2017
UK corporate tax 'group financing exemption' under EU investigation
The European Commission has opened an investigation into a UK exemption from corporate tax anti-avoidance rules, on the grounds that the rule could be allowing multinationals to pay less UK tax in breach of state aid rules.
10/26/2017
Lombard Risk Management House Broker Leaves Forecasts Unchanged Despite "Surprisingly Challenging" First Half
Lombard Risk Management Order Book Of Contracted Revenue Was Unchanged
10/26/2017
Fund manager reforms bring in cash, says watchdog's director
One thing we do know is that a race to the bottom benefits no one.
10/26/2017
Deutsche Bank to pay $220 million in U.S. Libor probe
Both banks agreed to cooperate in the probe into several other banks.