03/30/2017
UK financial services firms avoid £1.2bn of fines by settling with FCA
Liberal Democrat peer proposes rule change to current discount deal
Legal, Regulation & Compliance
03/30/2017
Ex-investment banker fined £37,198 after 'boasting' about deals on WhatsApp
He told others he had received a massive mandate from a different client who needed to raise funds and reduce debt.
03/29/2017
Herbert Smith Freehills - Financial regulation update
PRA consultation on IRB approach
03/29/2017
Cyprus property opens avenues to EU residency
Luxury residences bundled with citizenship schemes appeal to realty investors from the Middle East
03/29/2017
Deutsche Bank unit sentenced in US Libor manipulation
The London unit already had pleaded guilty and agreed to pay that amount in April 2015, after admitting to its role in manipulating the benchmark London Interbank Offer Rate, a key interest rate.
03/29/2017
Advice firms look to technology for regulatory answers
Now large advice firms are already eyeing its potential to help them reach more clients, through even more channels, without the compliance hangover.
03/29/2017
Collyer Bristow ranked in eprivateclient Top Law Firms 2017
The rankings are based on a survey of over 140 UK law firms based on data from 2016 with 46 firms being selected.
03/29/2017
'Majority of advisers want risk-based levy' - Aegon
93% want higher levies for risk-taking firms
03/29/2017
Thieves Steal World’s Biggest Gold Coin Worth Millions
Police believe at least two thieves used a ladder to climb through a window from a neighboring elevated railway bed and then carted the coin off in a wheelbarrow
03/29/2017
FCA to Name Names as Traders Mull Dropping Identity Suits
The change in approach on so-called third-party rights comes despite a surprise victory for the FCA on the issue in a landmark court ruling last week.
03/29/2017
Regulators Tell Foreign Banks to Improve Living Wills
The plans map out how a bank would wind down in the event of material financial distress or failure of the company.
03/29/2017
National private placement regime (NPPR)
Eligible AIFMs will be able to continue to use NPPR until at least 22 July 2018.
03/29/2017
Will the review of the Dodd-Frank Act start a regulatory competition with the EU?
A race to the bottom in regulation would weaken the global financial system and make crises more likely.
03/29/2017
London Stock Exchange and Deutsche Börse merger blocked by EU
Competition regulator says £21bn deal would create a ‘de facto monopoly’
03/29/2017
Olleros Abogados Joins Andersen Global
They will join Andersen Global as a member firm, officially adopting the Andersen name and combining forces with the existing Barcelona team with whom they already share a close relationship.
03/29/2017
Why Islamic banking is not working in Russia
There are reportedly 7.3 million Muslims in Russia, and since 1997 many largely unsuccessful attempts have been made to implement the Islamic financial system in Muslim-populated cities. Experts believe that there is neither a legal framework nor mature d
03/28/2017
Herbert Smith Freehills - Financial regulation update
BoE stress test 2017
03/28/2017
MAS Inks Cross-Border Fintech Agreement with French Authorities
MAS has entered into an agreement with France's ACPR and the AMF
03/28/2017
Using RegTech to embed rules into workflow
The definition of it is so wide that sometimes it is difficult to see how RegTech solutions can be successfully applied in reality.
03/28/2017
Ogier advise on first foreign company non-interbank "Panda bond" offering on Shanghai Stock Exchange
The listing is also the first Russian "Panda Bond" offering – the name given to overseas debt sold in the Chinese market.