11/16/2017
ECB warns banks against Brexit 'empty shells'
The Bank of England has said it is braced for the potential loss of 75,000 finance jobs following Britain's departure from the European Union.
Legal, Regulation & Compliance
11/16/2017
FCA Slow To Grasp Implications Of Approved Persons Register Abolition - And Complacent On Updating Training And Competence Rules, Says
Simon Culhane, Chartered FCSI and CISI Chief Executive said: “We are pleased to have the opportunity to feedback on behalf of our members to this important consultation paper."
11/16/2017
Ex-WH Ireland compliance boss loses FCA battle
This separate notice expressed concerns that Copper ‘may’ have acted without due skill, care and diligence in relation to his compliance duties at WH Ireland.
11/16/2017
LPC-Gunvor Signs US$1.39BN Loan Refinancing
Gunvor Continues To Receive Considerable Support From Both Its Existing Banking Partners As Well As From New Ones
11/16/2017
Luxembourg’s limited partnership regime covers all options
The Luxembourg limited partnership has a number of advantages over the English limited partnership.
11/16/2017
European market watchdog steps up scrutiny of closet trackers
National regulators asked to collect data on high-fee funds that track market indices
11/15/2017
Germany reluctantly backs compromise on new global bank rules
A possible compromise with an output floor of 72.5 percent is anything but a desired result for Germany.
11/15/2017
Safeguarded-flexible pension benefits: simplified valuation and introduction of personalised risk warnings
Information for pension providers, administrators, trustees and scheme managers
11/15/2017
EU Chief Brands Tax Advisers 'Vampires'
The EU Needs A Quick Agreement On Proposed Rules For Lawyers
11/15/2017
ECB Urges Member States To Embrace EU Banking Regs
A truly single banking market will remain “elusive” as long as banks face different legal and judicial rules across member states in the European Union.
11/15/2017
Acquisition bolsters watermans position for future growth
The acquisition of a well-established Edinburgh law firm has strengthened Watermans Legal.
11/15/2017
Herbert Smith Freehills - Financial regulation update
ENISA report on commonality of risk assessment language in cyber insurance
11/15/2017
FIX Trading Community releases Recommended Practices for Commission Unbundling as required by MiFID II
This is a natural progression to address the MiFID II requirements that will affect many global firms.
11/15/2017
HMRC declares victory as UK Supreme Court rules against film scheme
According to a Supreme Court summary of the proceedings, these investors had “invested in and became limited partners of various partnerships in the implementation of marketed tax avoidance schemes.
11/14/2017
China and UK expected to be very busy with M&A activity
If the prediction about the level of the UK's M&A activity for 2018 is correct.
11/14/2017
Herbert Smith Freehills - Financial regulation update
FCA consultation paper on regulatory fees and levies
11/14/2017
BNP Paribas Asset Management Creates New Investment Group
Within quantitative management, MAQS also benefits from a long-standing relationship with BNP Paribas’s Global Markets division, a partnership that will be strengthened within the new MAQS division.
11/14/2017
UBS Chief Urges Central Banks to Embrace Cryptocurrencies
But unwilling to take big crypto bets.
11/14/2017
British expats who lost €20 million rage at ‘unauthorised’ pension deals
Continental Wealth Management went under in September, leaving around 300 furious Brits out of pocket
11/14/2017
Dutch central bank eyes bonus payments for trading houses
The Dutch central bank had interpreted the regulations of the European authority too broadly.