05/17/2017
Clearing away the cobwebs: The European Commission revisits EMIR
EMIR represents a key element of the EU's efforts to address perceived issues in derivatives markets following the financial crisis.
Legal, Regulation & Compliance
05/17/2017
Meet the U.S. hedge fund hiring from Citi and MS in London
Earlier this month it registered Daryl Lee, a former FX and rates trader at Morgan Stanley.
05/17/2017
BNP Paribas may move 300 London jobs due to Brexit - source
The largest global banks in London plan to shift thousands of jobs to the continent over the next two years
05/17/2017
Herbert Smith Freehills - Financial regulation update
European Parliament adopts FinTech resolution
05/16/2017
Anti-trust regulator fines Deutsche Bank, BNP Paribas
The company invited only Germany’s Deutsche Bank and France’s BNP Paribas.
05/16/2017
Banker loses case over £57k taken under UK-Swiss tax agreement
A Swedish banker who had £57,000 taken from her bank account by Credit Suisse to comply with the requirements of the former UK-Swiss tax cooperation agreement has lost a claim in the High Court for a refund of most of the levy from HMRC on the groun
05/16/2017
Banks face overhaul of bond syndication ahead of Mifid II
Regulators push for greater clarity from dealmakers when selling corporate debt
05/16/2017
Vatican’s financial watchdog cites progress, but still no prosecutions
The AIF’s president, this decrease is no surprise.
05/15/2017
HK, UK regulators sign fintech agreement
Cooperation agreements are absolutely vital in fostering an environment of fintech innovation on a global scale.
05/15/2017
SocGen Faces U.K. SFO Probe Into Libya Bribery Allegations
The SFO’s interest will be an unwelcome development for Societe Generale in the case
05/15/2017
Independent law firms are stealing a larger share of the market
Traditional law firms will lose out to small specialists providing quality over quantity, says Bellwether Report 2017, Art of Success
05/15/2017
Herbert Smith Freehills - Financial regulation update
FCA advice on recent national cyber attack
05/15/2017
Gibraltar firm fined and directors banned over pension schemes
A Gibraltar financial services firm with links to the Panama Papers has been fined and had two of its directors banned for providing trustee services to pension schemes despite having been denied permission to do so by the regulator.
05/15/2017
Accounting Body Issues Guidance For Vetting Bank Capital
The framework provides guidance to auditors on how to access banks’ reporting processes, governance.
05/15/2017
Cyprus: Tax Evasion Or Tax Avoidance: A Predicate Offence Under Cyprus Anti-Money Laundering Laws?
Most recently, with the adoption of the EU's fourth anti-money laundering directive (2015/849/EC), serious tax offences have been explicitly included as predicate offences for money laundering purposes
05/15/2017
Lloyds faces £80m payout in structured products mis-selling case - report
Over 7,000 customers affected
05/14/2017
Tax compliance in times of transparency
Malta, as an ‘early adopter’ of the above standards
05/14/2017
Challenger banks under pressure to meet ringfencing rules
Smaller banks forced to comply with rules intended to prevent another bailout
05/14/2017
US strikes $5.8m deal on Russia money-laundering case
Settlement closes decade-long probe into real-estate scheme
05/12/2017
Malaysia’s 1MDB under Solomon Huges investigation
Coutts has got many fines from financial regulators around the world, is a British bank run by Tory lords and Conservative ex-ministers.