03/27/2017
Russia Sanctions and the use of EU-based holding companies and SPVs
The restrictions outlined above will almost always extend to non-EU based subsidiaries of listed entities .
Legal, Regulation & Compliance
03/27/2017
BofE calls for financial firms to prepare for Brexit; introduces additional bank stress test
The Bank of England has also announced an additional stress test for UK banks with a seven year timeframe to run alongside the annual cyclical stress test.
03/27/2017
The Cyprus position - ESMA publishes practical guide on transparency directive major holdings notification regime
The Guide provides a summary on a country-by-country basis of the national requirements regarding the notifications of ‘major holdings’ under the national law of each Member State in accordance with the TD.
03/27/2017
HSBC Shows ‘Support’ for Public Beneficial Ownership Registers
The revelation comes amid scrutiny of the U.K.'s stance on public beneficial ownership registers.
03/24/2017
FCA impact assessments
Herbert Smith Freehills - Financial regulation update
03/24/2017
French financial markets watchdog wants special access rules for UK
The application of such a regime to the UK would therefore be inappropriate.
03/24/2017
Barclays Penalized by Australian Regulator for Disclosure Lapses
BCI also failed to notify ASIC of certain offshore investigation and enforcement matters within the time required of FFSPs.
03/24/2017
Serious Fraud Office needs funding boost, warns OECD
Paris-based group of wealthy nations says more must be done to fight bribery
03/24/2017
ING Bank says criminal investigation may lead to 'significant' fines
The Dutch financial giant said the probe centres around money laundering and other "corrupt practices".
03/24/2017
Gibraltar names date for Qrops test regulations to go live
Gibraltar’s government has revealed that it will put in place personal pension regulations "on or before 31 March", enabling the jurisdiction’s Qrops to retain their status.
03/24/2017
EY appoints new global deputy leader of people advisory services
The Big Four firm has appointed its global deputy leader of people advisory services
03/24/2017
Structural changes at the GFSC
Against a backdrop of, amongst other things, being an exporter of financial services, the Commission needs to ensure that we are well focused and highly effective in our ability to provide credible cross border regulation and are seen to be by external st
03/24/2017
European Central Bank chief economist Peter Praet eyes Brexit opportunity for EU to be bigger financial player
Europe’s central bankers have set out their stall ahead of the Brexit negotiations with repeated attempts to woo banks and financial services from the UK.
03/23/2017
UK banks will get transitional period after Brexit to trade in Europe says ECB official
Banks heading out of the UK will find the move easier under new rules
03/23/2017
Woodford urges government to create new Isa
The fund manager, who is founding partner of Woodford Investment Management.
03/23/2017
Asset managers rapped for keeping investors in expensive funds
Groups are not acting on FCA fee rules introduced four years ago
03/23/2017
Herbert Smith Freehills - Financial regulation update
The Registered Pension Schemes (Authorised Payments) (Amendment) Regulations 2017
03/23/2017
Article 50 countdown: Investors need to prepare NOW for 3 key issues
Mr Green concludes: “A lot has happened since the EU referendum in June 2016, and today the economy is facing a very different set of issues."
03/23/2017
FCA crackdowns on Holborn Assets’ UK division over pension transfers
Holborn Assets Insurance Brokers LLC is licensed by the UAE Insurance Authority for whom its business as usual
03/23/2017
SP asks about Corallo bribe via Fortis Bank
The question is whether the Fortis Bank neglected its legal obligation to carry out active supervision on its clients, in this case Corallo.