11/16/2016
FCA introduces cap on early exit pension charges
Firms will not be able to apply an early exit charge to personal pension contracts entered into after these rules take effect.
Legal, Regulation & Compliance
11/16/2016
The European banking sector – a quick pulse check
Since the financial crisis of 2008, the health of the banking sector has become one of the hot topics in public debate. And with good reason, because banks are important for all of us – in good times and in bad.
11/16/2016
Bank associations, Deloitte join European Banking Institute
The new bank sector members are the European Banking Federation as well as national banking associations from Germany, Greece, Italy, Romania, Spain and the Netherlands.
11/16/2016
EU regulators readying fines for HSBC, JPMorgan, Credit Agricole - sources
Deutsche Bank, RBS and Societe Generale admitted guilt in December 2013.
11/16/2016
Tullett Prebon gets FCA approval for ICAP deal
The Competition and Markets Authority gave the green light to the deal after ICAP agreed to sell its UK oil brokerage operations
11/15/2016
ECB offers bankers, investors leeway
The ECB gave no specific examples of where the new guidelines would apply among European banks.
11/15/2016
London banks eye Frankfurt move: German ministry
Rivalry among leading European cities to lure banks from London is intensifying, with Dublin and Paris also looking to attract high-value financial jobs.
11/15/2016
Nordic, Dutch banks warn Basel committee capital rules jeopardise growth
The result would be a very large increase in capital requirements for banks in the Nordic region and the Netherlands
11/15/2016
Brewin and Charles Stanley told to ‘significantly' open up
The pair were among 40 firms listed as tier three signatories in the Financial Reporting Council’s Stewardship Code.
11/15/2016
EBA consultation on revised standards on supervisory reporting
The European Banking Authority (EBA) has launched a consultation on revised implementing technical standards (ITS) on supervisory reporting.
11/15/2016
European Commission sets up an internal Task Force on Financial Technology
The work of this Task Force builds on the Commission's goal to develop a comprehensive strategy on FinTech.
11/15/2016
Ex-Rabobank trader turned U.S. cooperating witness spared prison
Robson, who pleaded guilty to a conspiracy charge in August 2014, in court apologized for his actions.
11/14/2016
HMT - rules on ensuring the effective functioning of a financial market infrastructure special administration regime
Since the financial crisis, the government has made extensive reforms to financial regulation to address the problem of banks being “too big to fail”.
11/14/2016
MoU between FCA and PBOC
The MoU sets out how the parties plan to share and use information to promote innovation in their respective markets. The MoU is dated 11 November 2016.
11/14/2016
CSDR – delegated regulations
The European Commission has published the following six legislative acts to implement specific provisions of the Central Securities Depositories Regulation (CSDR):
11/14/2016
Finnish Expats In Portugal Face Higher Taxes
The tax agreement restricts Finland to taxing the pension income of Finnish expats in Portugal
11/14/2016
Private sector expansion slows down, Bank of Scotland report shows
The stagnation in new order intakes followed a marginal expansion the previous month.
11/14/2016
Fund Managers Held To Account By U.K. Regulator On Stewardship
The quality of engagement between major investors and large companies has improved following the introduction of the Stewardship Code
11/14/2016
Brooks Macdonald signs deal with Dubai-based Abacus
The quality, experience and fee-based model at Abacus made them a natural fit for our first international alliance and we are confident that our investment solutions will help to meet the needs of their clients.
11/14/2016
Italian Regulator Investigates Bank Branches Diamond Sales
Several banks sold diamonds as financial products in bank branches at twice the market price