10/05/2016
MEPs call for Commissioners’ code of conduct to be tightened up
The Commission wants all EU citizens to be assured that its Commissioners act exclusively in the interests of Europe
Legal, Regulation & Compliance
10/05/2016
IMF rows back on Brexit warnings as UK poised to become fastest growing G7 economy
The Fund expects the UK economy to grow by 1.8pc in 2016.
10/05/2016
UBS Financial Services Flubbed RCN Training
The SEC is alleging via its order that the firm did not develop and implement policies and procedures that would have adequately educated and trained UBS registered representatives
10/05/2016
EMIR – RTS on risk-mitigation techniques for OTC derivative contracts not cleared by CCPs
The European Commission has published a delegated regulation supplementing the European Market Infrastructure Regulation (EMIR) with regard to regulatory technical standards for risk-mitigation techniques for over-the-counter (OTC) derivative contracts no
10/05/2016
Aviva slapped with £8.2m fine for failing to protect client money
“Aviva outsourced the administration of client money and external reconciliations in relation to custody assets, but failed to ensure that it had adequate controls and oversight arrangements to effectively control these outsourced activities. With o
10/05/2016
Swiss seek Malaysia's help to probe new allegations in 1MDB case
The OAG, which has been running an investigation around 1MDB for more than a year, said evidence allegedly now showed fresh suspect transactions involving the Swiss financial sector.
10/04/2016
EU Regulator Clarifies New Dark Pool Rules
Dark pools let traders keep the price and volume of orders hidden and anonymous until a deal is complete
10/04/2016
PRA regulatory digest
The PRA has published its regulatory digest for September 2016, summing up the main regulatory developments from the past month.
10/04/2016
Royal Bank of Scotland to Restructure Business Operations
The bank’s Corporate and Institutional Banking business will be called NatWest Markets Plc and will be the non ring-fenced entity
10/04/2016
Offshore Update – Bermuda, BVI and Cayman are now ‘white-list’ jurisdictions for Italian tax purposes - Harneys
In April 2015 the BVI, the Cayman Islands and certain other jurisdictions were removed from Italy’s blacklist of jurisdictions.
10/03/2016
Eversheds advises CDB on financial aspects of Hinkley Point C
It is expected to provide seven per cent. of the UK’s electricity needs and operate for 60 years.
10/03/2016
Offshore firm boss to file multi-million euro lawsuit over boardroom ban
David Cosgrove's company, Belvedere Management Limited, had its management licence revoked by the financial regulator in Mauritius
10/03/2016
Former top managers at Italian bank to face trial
An examining magistrate in Milan set the date for the start of the trial as December 15, Ansa news agency reported.
10/03/2016
EU Regulators To Shine A Light On Shadow Banking
The European Securities and Markets Authority issued a paper on draft technical standards regarding the Securities Financing Transaction Regulation
10/03/2016
CMA launches market study into digital comparison tools
The Competition and Markets Authority (CMA) has launched a market study into digital comparison tools (DCTs) to see how they are working for consumers, business and the economy. T
10/03/2016
Tesco faces UK legal action over accounting scandal
Tesco declined to comment on the case.
10/02/2016
Bank of Portugal forces banks to report offshore operations in 2017
The Bank of Portugal will be responsible for issuing and updating a list of relevant offshore locations based on the information regularly provided by the banks and other institutions
09/30/2016
UBS Warns Negative Rates Could Hit More Depositors
UBS holds around 400 billion Swiss francs in cash deposits with roughly half in its wealth management business
09/30/2016
Denmark Receives Panama Papers Data to Fight Tax Dodging
The taxation authorities had received information containing legal documents, agreements, and correspondence,
09/30/2016
Revenue to receive details on thousands of offshore account
It is the first time the Revenue has had a window into what is going on offshore