12/12/2016
EU tells Spain to privatise two banks, praises financial sector progress
Completing the restructuring and privatisation of these state banks is important in order to make the sector more stable
Legal, Regulation & Compliance
12/11/2016
FCA publishes finalised guidance for the fair treatment of closed book customers
FCA wants to ensure that closed book customers, who have life insurance products that are closed to new business
12/10/2016
Why IMF chief Christine Lagarde is going to court
Lagarde is the third IMF managing director in a row to face legal proceedings
12/09/2016
New inheritance tax rules to impact non-domiciles holding UK property through offshore companies and trusts - Harneys
As we have previously advised the new legislation will have practical implications for those who purchase, hold or sell UK residential property through offshore structures.
12/09/2016
Herbert Smith Freehills - Financial regulation update
FCA Dear CEO letter to firms that administer DMPs
12/09/2016
Banks want EU laws for five years after Brexit deal
The report has been received as a fairly serious piece of work.
12/09/2016
Russia sells stake in Rosneft to Glencore, Qatari fund for $11bn
The Qatar Investment Authority is one of the biggest Glencore’s investors.
12/09/2016
Asset finance lender granted banking licence
Specialist lender Private & Commercial Finance Group has been granted a banking licence by the Prudential Regulation Authority and the Financial Conduct Authority.
12/09/2016
Brexit: London banks 'in advanced stages' of shifting operations to Paris
Regulator says companies have already conducted due diligence to move operations to French capital.
12/09/2016
Regtech: still much to learn about how it can help
Greater use of technology is expected to help firms get ready for Mifid II
12/09/2016
French central bank sees 2016, 2017 growth of 1.3 percent
The Bank of France said on Friday in its biannual economic outlook.
12/09/2016
Bank Of Ireland To Buy Investment Firm With €100m On Books
A signal of intent by Bank of Ireland to push further into wealth management
12/09/2016
FCA gets tough on retail CFD sector
FCA's new measures aim to reduce the risks posed by CFDs and ensure that firms provide better information to customers
12/09/2016
King & Spalding accounts for London and France show revenue up 11%, while profit dips 10%
There was also a continued increase in partner headcount, rising by 30% from 23 in 2014 to 30 in 2015.
12/09/2016
Banks want to stay under EU law for up to five years after Brexit
Financial institutions say a lengthy transition period is 'important in order to avoid potential damage to the 'real economy' that is reliant upon uninterrupted access to financial services'
12/09/2016
Italy awaits ECB verdict on Monte Paschi rescue delay
A financial crisis in the euro zone's third-biggest economy would also risk creating contagion across Europe, a region already reeling from Britain's decision to leave the EU.
12/09/2016
UK and Hong Kong regulators agree deal to cooperate on fintech
The FCA or HKMA both intend to assist the innovator businesses in understanding the regulatory regime
12/08/2016
Herbert Smith Freehills - Financial regulation update
The Bank of England and Financial Services (Consequential Amendments) Regulations 2017
12/08/2016
HKMA and UKs FCA enter cooperation agreement to foster fintech
The FCA and the HKMA have entered into a Co-operation Agreement to foster collaboration in promoting financial innovation.
12/08/2016
MiFID II – Product Governance Provisions - Farrer & Co
This briefing focuses on the proposed product governance rules set out in the FCA's third MiFID II implementation consultation paper and its impact on firms.