04/25/2017
AIB fined €2.3m for breaching money laundering regulations
Allied Irish Banks, p.l.c. fined €2,275,000 by the Central Bank of Ireland in respect of anti‐money laundering and terrorist financing compliance&
Legal, Regulation & Compliance
04/24/2017
Deutsche Bank is first bank busted for breaking Volcker Rule
The Board also found that the firm failed to properly undertake certain required analyses concerning its permitted market-making related activities.
04/24/2017
Pilatus Bank, Nexia, an Azerbaijani millionaire and a €627,000 loss
The presence of Azerbaijani oligarchs opening and closing a company in under a year raises questions on the Maltese world of finance
04/24/2017
Bucharest Court of Appeal approves Carpatica Commercial Bank, Patria Bank merger
The estimated date of implementing the merger is 1 May 2017.
04/24/2017
UK watchdog warns against scrapping US rules for failing lenders
FCA chief says regulators will lose faith in how US handles crises if regime changes
04/24/2017
Italians probe Emirati for alleged insider trading in UniCredit
Prosecutors looking at involvement of a former managing director of Abu Dhabi’s Ipic
04/24/2017
Reward staff who spot cyber attacks
We need to stop using a staff policy as the sole baseline for security training.
04/24/2017
Oil Co. Accuses ABN Amro Of Gaming Loan Repay Model
Totisa Holding SA alleges that the Dutch bank had incorrectly calculated in 2014 how much money would be made available
04/23/2017
Europe’s financial new regulatory environment: Is the Middle East ready?
MiFID ll will have a significant impact on the entire trading life cycle
04/23/2017
PPI compensation bill set to hit £37bn as banks unveil first-quarter results
Britain's biggest high-street banks could see their payment protection insurance compensation bills hit a combined total of £37billion this week, when they unveil their first-quarter results.
04/22/2017
British ministry may join investor suit against state-owned RBS
Lawsuit alleges RBS misled investors over 2008 cash call
04/21/2017
GFSC Publishes its Business Plan for 2017/18
This business plan sets out our programme of work for the period 1 April 2017 to 31 March 2018.
04/21/2017
Debevoise Advises Adveq in its Sale to Schroders
The Debevoise team advising Adveq was led by New York partner Gregory V. Gooding
04/20/2017
Undoing bank regulation is risk to stability, U.S. stance key - Bank of France
Any temptation to go back on this or to massively deregulate would increase the risk of another financial crisis.
04/20/2017
IMF encourages banks to sack staff amid weakness due to legacy of bad debt
The International Monetary Fund is warning banks to get rid of their staff amid concerns over their assets.
04/20/2017
Evenlode Income to stop charging investors for research
Peters added that trading costs will still be borne by the fund
04/20/2017
Linklaters trials fixed-hours week for German associates
Lawyers signing up for the programme will work to a 40-hour week with exact clock-in times.
04/19/2017
IMF raises doubts on European banks' ability to generate sustainable profits
Overbanking in the industry is one of the main reasons for low margins
04/19/2017
L&G pays out £606m for protection claims in 2016
The average age of claimants was 41 years old.
04/19/2017
Linklaters scraps individual partner targets in effort to boost focus on teamwork
Annual partner reviews to be ditched in favour of more regular feedback