12/08/2016
Verdict expected in French budget minister's tax scandal
The scandal fueled public mistrust of traditional politicians and demands for more transparency
Legal, Regulation & Compliance
12/08/2016
Payout law change call as Ponzi scheme victims hit by delays
Claims amounting to close to €20m have been made but no compensation has been paid out by the Investor Compensation Company
12/08/2016
France's honest tax system crusader convicted for hiding millions of euros
Jérôme Cahuzac, appointed by Hollande to lead clampdown on wealthy avoiders, hid cash in a secret Swiss account for 20 years
12/08/2016
Whistleblowers need greater legal protection
The overriding theme is clear - times are difficult, mistakes have been made and businesses and individuals have a duty to do the right thing.
12/08/2016
UN Rapporteur Urges France Not To Extradite Kazakh Dissident Tycoon To Russia
The French government approved Ablyazov's extradition to Russia in September 2015. Ablyazov appealed the decision.
12/08/2016
Ultra-Low Rates to Grip Europe ‘a Very Long Time,’ Denmark Says
The ECB is expected to deliver a fresh round of stimulus on Thursday, according to almost all economists in a Bloomberg survey.
12/07/2016
Herbert Smith Freehills - Financial regulation e-bulletin
FCA – consultation on rules for firms providing CFDs to retail clients
12/07/2016
Spread-betting firms lose £1.3bn in minutes after watchdog crackdown
The Financial Conduct Authority plans to impose stricter rules on financial spread betting products
12/07/2016
Key Changes in French Regulations on Bank Resolution and Financial Netting
A ratification bill was presented by the government in Parliament on January 13, 2016.
12/07/2016
Charities fined over 'wealth screening' data breaches
The ICO said the two charities had employed wealth management companies to analyse the financial status of supporters.
12/07/2016
Dublin fights it out with Frankfurt to be UK bank's European headquarters
The report said the bank has been in touch with officials here about getting a licence and could make the move after Britain begins the formal process of withdrawing from the bloc.
12/07/2016
Finance Bill 2017: Corporate tax reporting requirements ‘a burden’
It will also create a new legal requirement to correct a failure on the payment of UK tax on offshore accounts and investments.
12/07/2016
Germany: Private Equity Investments In The Financial Industry – A Regulatory Challenge
Private equity sponsors will be more inclined to invest in this sector
12/06/2016
The PRA's approach to the implementation of the systemic risk buffer
The PRA will review the statement of policy in 2018, following a review of the FPC SRB framework, and will review the statement of policy at least every two years thereafter. The statement of policy is relevant to large building societies and ring-fenced
12/06/2016
HMT Re-scope of the Bank Levy–2021 – summary of responses
The Summer Budget 2015 set out a long-term plan for delivering this balance, one which takes account of developments in regulation and the ongoing recovery in bank profitability.
12/06/2016
Review of general insurance intermediaries’ professional indemnity insurance: TR16/9
It also applies to insurers and managing general agents which provide PII products and underwrite this class.
12/06/2016
Leading investment and pension bodies publish consultation on proposals to improve pension and investment transfers
It also identified scope to improve firms’ accountability for delivering good customer outcomes within some transfer and re-registration processes.
12/06/2016
CARNEY: Britain is in 'the first lost decade since the 1860s'
This wage stagnation, combined with income and wealth inequality, has led to a widespread backlash against free trade and globalisation.
12/06/2016
Who Pays for MiFID II implementation in UK?
With regard to MiFID II implementation, the FCA notes in the Consultation that it only intends to recover costs from those participants who are themselves most directly impacted by MiFID II.
12/06/2016
LandlordInvest now fully authorised by FCA
It expects to receive a green light from HMRC over the next few weeks and will then start offering the IFISA directly through its lending platform.