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.
Legal, Regulation & Compliance
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.
04/05/2017
Elderly Greeks protest against more Pension cuts
They cut our pensions when they had said they would give us back our bonuses
04/05/2017
Swedish Bankers Step Up Blame as Crisis Fee Proves Tipping Point
The guarantee is reflected in higher credit ratings and lower funding costs.
04/05/2017
Unmask anonymous owners behind offshore structures
It is important that the Netherlands takes UBO-related risks seriously and analyses them thoroughly.
04/05/2017
Europe's Addiction to Bailing Out Banks
Last December, Monte dei Paschi di Siena, Italy’s fourth largest bank by assets, applied for an injection of public money -- a so-called precautionary recapitalization