10/11/2017
King of Ghana handed £350,000 in cash to British bank official who was then sacked from his job for 'money laundering'
Ghana International Bank executive Mark Arthur was fired after laundering fears
Legal, Regulation & Compliance
10/11/2017
Russian oligarch had ‘sham’ offshore trusts, UK High Court rules
Former ‘Kremlin banker’ sheltered wealth in New Zealand with intention to mislead, says judge
10/11/2017
British Film Financier ‘Demands Return Of US$45 Million Investment’
It shows the damage done to a Hollywood brand that for years was able to compete on equal terms with the major studios, winning the Oscar for best picture five times in 16 years.
10/10/2017
Celebrity financial adviser in court over rape charge
His company claims to manage investments worth £100m.
10/10/2017
Herbert Smith Freehills - Financial regulation update
MiFID II: Updated transposition status
10/10/2017
Clock ticks down on EU’s Mifid reform
Even experts are unsure how new European rules governing financial services will work
10/10/2017
EU parliament head challenges ECB over bad loan guidelines
I would urge you to take all steps in order to ensure that parliament’s prerogatives as co-legislator are duly respected.
10/10/2017
FCA drops probe into former Barclays executive
It is common practice for the FCA ban individuals with a fraud convictions from holding regulated positions within the City.
10/10/2017
The UK Plows Ahead in Implementing PSD2 Compliant Open Banking
Paradoxically, the UK will probably be ahead of the European Union (EU), that it is scheduled to leave, in implementing the EU’s Payment Service Directive (PSD2), one of the major advances towards open banking.
10/10/2017
EU Markets Watchdog Urges Firms to Prepare for New Trading Rules
Many market participants already have LEIs under EU rules already in force.
10/10/2017
Vatican Bank seeks damages in Maltese court
Since the election of Pope Francis in 2013, the IOR is reported to have closed thousands of accounts as part of a major clean-up effort.
10/10/2017
UBS to appeal against ruling in French tax case
UBS has disputed the allegations of wrongdoing.
10/10/2017
France hardens stance against higher bank capital requirements
The argument is holding up a whole swath of long-awaited reforms intended to stop banks gaming exiting post-crisis rules.
10/09/2017
Former Rangers boss Walter Smith sues financial expert over pension cash
The Ibrox legend has started proceedings against Neil Caisley over money paid into a fund during his time as Everton manager.
10/09/2017
Make companies put workers on boards, says pension fund chair
Forcing companies to appoint workers to their board will prevent scandals emerging.
10/09/2017
The retreat from globalisation: threats and opportunities for financial market infrastructures
One of the main topics concerning the payments industry and its market infrastructures is the UK’s impending exit from the European Union.
10/09/2017
Walker Crips to ethically screen UK equities
The portfolios will have the ability to screen companies for Sharia compliance and those which comply with the UN Global Compact.
10/09/2017
Former Conservative party treasurer wins Luxembourg bank case
David Rowland faced claims he had promised an option on bank stake while on board yacht
10/09/2017
EU Probes Bank Industry as Firms Gird for Data-Sharing Law
Lawmakers in Brussels have supported innovation as a way to provide consumers with more choices in financial services.
10/07/2017
Asset Management Regulatory Roundup - October 2017, Issue 7
This issue includes details on ESMA's updated Q&As on the Benchmark Regulation and European Commission delegated regulations