05/26/2016
Ex-Deutsche Bank Trader Bittar Fights to Proceed With FCA Suit
Regulatory proceedings are usually adjourned when there is a parallel criminal trial to avoid publicity that would interfere with the right to a fair trial.
Legal, Regulation & Compliance
05/26/2016
Recalculation of TMTP under Solvency II - Herbert Smith Freehills
The PRA has published a supervisory statement (SS6/16) on recalculation of the "transitional measure on technical provisions" (TMTP) under Solvency II.
05/26/2016
Bank of England Sets New Buffer Requirement for U.K. Lenders
The buffer, which will be applied starting in 2019, is intended to beef up banks’ resilience and reflects the economic damage that would be caused if they curtailed lending.
05/25/2016
Bank customers may cover cost of fraud under new UK proposals
At present, banks routinely cover the cost of fraud, regardless of blame.
05/25/2016
FCA warns banks on use of anti-money laundering rules to close accounts
Regulator criticises banks for using rules as excuse to terminate accounts of individuals and businesses they perceive as risky
05/25/2016
FCA Research into the issue of de-risking
The FCA, along with fellow agencies and authorities, has a long-standing programme of work in place to ensure the UK financial system is a hostile environment for money launderers. The work not only continues, but has been reinforced by the Government&rsq
05/25/2016
European Commission updated overview of Level 2 measures in financial services
The European Commission has published an updated overview of current and proposed Level 2 legislative measures in the area of financial services.
05/25/2016
French bankers try to reassure Senate over tax havens
Jacques D’Estais also said BNP was closing a branch in the Cayman Islands.
05/24/2016
Raft of promotions announced at London law firm
Managing Partner, Jesper Christensen, comments: “It is exciting to welcome each of these five talented individuals into the partnership as we continue to grow and strengthen our offering across all core practice areas.
05/24/2016
Laws and locations: A look at forced heirship regimes and estate planning for investments in Europe - Withers
The aim of international estate planning is to identify with trusted advisers such uncertainties and keep them to a minimum.
05/24/2016
Deutsche in U.S. Mortgage Probe
Yet more trouble for Deutsche Bank. U.S. authorities are reportedly investigating whether the bank masked losses on mortgage-backed securities, while a major ratings agency downgraded its creditworthiness.
05/24/2016
DLA Piper appoints new Head of Competition and Regulatory in Finland
Mikko joins DLA Piper from another leading law firm.
05/23/2016
Eversheds advises Investec Bank and Zeus Capital in £60m drinks deal
The acquisition was part funded through a placing of £32 million new ordinary shares.
05/23/2016
Blockchain sends banking regulators back to basics
Regulators are now asking if blockchain process will have an impact on how they protect consumers and keep the financial system stable if something goes wrong
05/23/2016
New EU Trade Secrets Directive: key points for marketers - Osborne Clarke
It is still preferable for any exchange of valuable information to be documented contractually and for tightly-defined confidentiality obligations
05/20/2016
Common Reporting Standard (CRS) and Beneficial Ownership – Filippo Noseda, Withers
In today’s difficult economic climate, countries need more than ever to ensure that they collect all the tax revenues that are due to them in order to fund public expenditure and reduce public debt. The arrival of new technologies has made it easier
05/20/2016
UK Banks Ordered to Update Cyber Security After $81M Bangladesh Bank Heist
The Bank of England, one of the G10 central banks that oversee Brussels-based SWIFT, said it had no immediate comment.
05/20/2016
Farrer & Co wins Magic Circle Award
The law firm was also runner up in the London Law Firm of the Year category.
05/20/2016
Meeting Investors' expectations - Thematic Review
The main purpose of this Thematic Review is to ascertain whether UK authorised investment funds are being managed in accordance with the investors' expectations as set by marketing and disclosure material.
05/20/2016
ESMA warns EC over bond transparency phase-in
The regime for non-equity transparency is one of three out of 28 MiFID II rules submitted by ESMA that the Commission sent back last month for revision.