12/12/2017
FCA brings in new rules for banks to help customers to switch
Banks will be obligated for the first time to publish the number of complaints they receive, and other details like how long it takes to reissue debit cards.
Legal, Regulation & Compliance
12/12/2017
New economic crime centre will tackle money-laundering
Drug and people trafficking to be targeted by £90bn-a-year body
12/11/2017
Ban cold calls now to stop pension scammers
The strongest weapon in the armoury against this is good advice and guidance - people just aren’t taking it.
12/11/2017
Money Laundering – New UK Pension Scheme Trustee Obligations
There is debate in the industry about whether HMRC has correctly interpreted the requirements of the regulations in this respect.
12/11/2017
UK corporate governance code changes to hit dozens of chairmen
Reforms to improve accountability to affect 67 of Britain’s largest listed companies
12/11/2017
EU tax grey list splits Federal Council
The EU’s decision changed “absolutely nothing”, said Maurer, who expected no negative consequences for Switzerland as a financial location.
12/11/2017
UK financial watchdog’s fines increase tenfold
FCA’s fines for year stand at £229.4m compared with £22.2m levied in 2016
12/11/2017
HSBC to Be Released From U.S. Deferred Prosecution Agreement
Controversial deal allowed the bank avoid criminal charges in 2012
12/11/2017
Banks breathe a little sigh of relief as Basel III is completed
It was perhaps the most contentious piece of the Basel III framework, and disagreements over what the output-floor level should be caused a year-long delay to its finalization.
12/11/2017
MiFID II and GDPR cause advisers biggest headaches in 2017
'Advisers are waking up'
12/11/2017
Plan to crack down on £90bn City money laundering
New economic crime centre part of revamped anti-corruption strategy
12/10/2017
Carey Olsen advises Inflexion on investment
Their advice included structuring and establishing the acquisition entities and assisting with the negotiation and implementation of the deal documentation.
12/08/2017
Herbert Smith Freehills - Financial regulation update
MiFID II: ESMA TTCs for equity and bond instruments
12/08/2017
Qatari-French ties marked by continuous co-operation
This is the second meeting after the Qatari-French summit held at the Elysee Palace during the Emir’s visit to Paris in mid-September.
12/08/2017
Decade in the making: post-crisis banking rules finally signed
“The focus of the reforms was to reduce regulatory uncertainty,” European Central Bank President Mario Draghi, the chairman of Basel’s oversight body, said.
12/08/2017
Corlytics to join next round of FCA sandbox
The sandbox provides a safe space for firms to test innovative products, services or business models in a live user environment.
12/08/2017
Leaked documents show UK will stay in single market
The UK could also retain membership of the customs union, which would restrict the UK’s ability to sign new trade deals.
12/07/2017
Further success in reducing pension funds’ costs and charges
Some providers set out reasons why they believe certain of their products offer value for money
12/07/2017
Is This the Silver Bullet for Italy's Bad Loan Problem?
European authorities want banks to reduce their levels of bad credit to free up funds to lend to healthy companies and support growth
12/07/2017
CBL wins $100-million French court battle
The case relates to Kharafi’s claim for almost $1 billion in compensation for a $130-million tourist resort project in the Tajoura area of Tripoli, agreed in 2006 but apparently cancelled after the revolution.