05/23/2017
Isle of Man regulator takes action to stem fund failures
The Isle of Man financial regulator is to crack down on collective investment funds by setting out “effective” guidance rules to “safeguard the reputation of the island”.
Legal, Regulation & Compliance
05/23/2017
Herbert Smith Freehills - Financial regulation update
RRD - delegated regulation on partial property transfer
05/23/2017
FCA raises market stability concerns over disorderly wind downs in the investment management sector
When winding down investment managers there are also a number of common issues arising.
05/23/2017
U.S. court rules against Andorran bank accused of money laundering
But the appeals court panel upheld the ruling on Tuesday.
05/22/2017
City firms need to take more responsibility for life after Brexit
EU regulators will seek to pull business across the Channel unless challenged
05/22/2017
German court rules J. Safra Sarasin to pay $50 mln over bad advice
It noted the case dated back to when it was majority owned by another business.
05/22/2017
Standard Life and Aberdeen Asset Management £11bn merger to be probed by regulator
The Competition and Markets Authority opens an investigation which Standard Life says was triggered when it 'filed an application' over the proposed deal
05/22/2017
ESMA clarifies traded on a trading venue under MIFID II
Pre-trade and post-trade transparency requirements on market operators and investment firms operating a trading venue as well as for investment firms (including systematic internalisers) operating over-the-counter (OTC); and transaction reporting obligati
05/19/2017
Europe’s Capital Markets Will See Shift to Single Regulator
As the European Central Bank pushes to accelerate its Capital Markets Union program, fund firms are told to expect a single, cross-border regulator.
05/18/2017
MainstreamBPO expands global footprint
MainstreamBPO chief executive Martin Smith said the strategy will bring "critical mass" to its operational capability and clients within Europe and the Caribbean.
05/18/2017
Wealth firm enters special administration
Strand Capital was bought by Optima Worldwide Group in 2014 for £982,389.
05/18/2017
QNB Suisse SA appoints Societe Generale Securities Services in Ireland for its pioneer UCITS-compliant umbrella fund
SGSS in Ireland will provide a complete fund services offering to support the distribution of the sub-funds to investors throughout Europe.
05/18/2017
Financial adviser and his wife convicted of £1.7m property fraud
The trial at the High Court in Glasgow began in September 2015 and heard evidence for 320 days.
05/18/2017
Herbert Smith Freehills - Financial regulation update
FCA assessing suitability review
05/18/2017
ESMA finds improvements in regulators’ supervisory practices concerning MIFID rules
The Follow-up Report has concluded that the NCAs from Lithuania, Latvia, Malta, Poland, Portugal and Romania have addressed all of the deficiencies previously identified.
05/18/2017
Bitcoin's link to crime is a growing worry, claims bank chief risk officer
Nordea has been investigated by authorities in Denmark and Sweden for its failures to comply with anti-money laundering requirements.
05/17/2017
Herbert Smith Freehills - Financial regulation update
SSM: ECB guidance on leveraged transactions
05/17/2017
Ashurst renews China alliance for six more years
The renewal was signed by Ashurst chairman Ben Tidswell and Guantao managing partner Cui Liguo in Sydney last week.
05/17/2017
Compliance Executives to Increase Investment in RegTech as Geopolitical Risks Heighten
The shifting geopolitical environment has created an additional layer of complexity for tackling financial crime around the world.
05/17/2017
Insurers oppose merger of European regulator
A merger as suggested in the consultation would reduce the effectiveness of consumer protection and prudential oversight, according to Insurance Europe