04/06/2017
Euronext signs deal with ICE as LSE refuses to sell French clearing house
It described Euronext's contribution to LCH from derivatives clearing as "immaterial" and less than 1pc of the group's adjusted operating profit.
Legal, Regulation & Compliance
04/06/2017
Cars and boat seized, one arrest, in Dutch-British tax fraud crackdown
Prosecutors seized luxury cars including a Jaguar, a BMW and a Bentley in the operation, during which the suspects' house in Britain was searched as well as two villas in the Netherlands
04/06/2017
Swiss won't help France investigate tax case using stolen data
The French newspaper Le Monde has said it identified more than 106,000 clients.
04/06/2017
India, UK vow to fight tax evasion, up fin service synergy
The two sides also recognised the importance of developing strong pension systems, agreeing that India and the UK can share experiences in this area.
04/06/2017
Italy puts Vatican on 'clean' financial institutions list, ending years of mistrust
The Vatican is a sovereign state in the middle of Rome whose financial activities the Bank of Italy had for decades viewed with suspicion.
04/06/2017
Billionaire’s start-up bids against Chinese insurers for European bank’s insurance unit
The aim is to sell at least a 75% stake in the unit.
04/06/2017
EU watchdog warns banks over bypassing share trading rules
The watchdog suspects banks of trying to circumvent rules by saying they are dealing bilaterally with a client.
04/06/2017
FCA's Asset Management Market Study - Interim Report MS15/2.2
The FCA is also considering making a reference to the Competition and Markets Authority on the investment consultancy market.
04/06/2017
European Cross-Border Managers Believe MiFID II's Impact on the Sale of Third-Party Funds will be Negative
And of course, the issues do not end with the total volume of third-party products sold in the market.
04/06/2017
Debevoise Advises Metric Capital Partners in €850 Million European Special Opportunities Fund
Aggregate commitments across all funds advised by MCP now total more than €1.5 billion.
04/06/2017
SANNE awarded depositary licence in Luxembourg
SANNE opened its Luxembourg office in 2008
04/05/2017
Herbert Smith Freehills - Financial regulation update
HMT - new penalties for breaching financial sanctions now in force
04/05/2017
FCA publishes near final rules on MiFID II
The Financial Conduct Authority has today published near final rules on the implementation of the Markets in Financial Instruments Directive II. These include changes to the trading of financial instruments including issues affecting trading venues, trans
04/05/2017
Spanish police stage raids targeting Assad family's assets
The assets of Rifaat al-Assad and his family in Spain are valued at 691 million euros ($736 million), the source said, adding that "all these properties have been seized."
04/05/2017
GDPR and your data: check you comply . . . then check again by Craig Hanna
Laws surrounding data privacy and customer consent are changing in just over a year – get it wrong, and you will pay hefty fines. Time to test your permission statements and check your strategy is flawless.
04/05/2017
Press Eject: How to Remove Troublesome Trustees
The role of trustees, often professionals charging significant fees, is often not understood and is frequently undesired.
04/05/2017
Multi-millionaire city superwoman sued over missing £250,000
The funds had not arrived, we will be instructing our lawyers.
04/05/2017
KWM administrator's report reveals £1.2m pay out for advisers
The report also shows that the firm was left owing £36 million to creditors following its collapse into administration. Unsecured creditors stand to recover nothing.
04/05/2017
Candy brothers accused of calculated tax evasion as court case draws to a close
His allegations of economic duress and vague misrepresentations are typical of those which are seen by County Court judges every day and invariably fail.
04/05/2017
Anniversary of scandal that brought down Icelandic government
The opposition demanded the government should step down.