11/25/2016
Financial regulation news - Herbert Smith Freehills
PSR consultation on the PSR regulatory fees for 2017/2018
Legal, Regulation & Compliance
11/25/2016
European Parliament resolution on the finalisation of Basel III
MEPs stressed that any rule changes must take account of the diversity of EU bankingmodels
11/25/2016
EU Securities Watchdog Finalizing Position On Blockchain
The European Securities and Markets Authority said the technology has not reached a “tipping point” of regulatory intervention yet
11/25/2016
Proposals clarify rules on combating money laundering and terrorist financing in correspondent banking
The proposals follow the publication by the Financial Action Task Force of its Guidance on correspondent banking services in October 2016.
11/25/2016
Private company bosses face clampdown under May blueprint
Private companies could be forced to overhaul pay and governance practices under plans to be outlined next week
11/24/2016
Ex-Barclays banker alleges unfair dismissal after interview with SFO
Boath is seeking to make his employment claim against Barclays under whistleblower protection laws
11/24/2016
Central Bank imposes fine on Jordan Kuwait Bank (Cyprus branch)
The Central Bank of Cyprus has decided to impose sanctions in the form of a fine on Jordan Kuwait Bank for failure to comply with certain provisions
11/24/2016
Global regulation clouded after Trump and Brexit
How potential deregulation in the US and Brexit negotiations will affect the City's status as a financial hub was also discussed.
11/24/2016
Sir Philip Green’s yachts, cars and homes could be seized
Their report into its collapse branded the businessman a chancer and said leadership failures and personal greed all contributed.
11/24/2016
Barclays fired executive over SFO statement, lawyer says
The SFO started investigating Barclays four years ago over its £7.3 billion emergency cash call when it raised funds from investors in Qatar and Abu Dhabi, during the financial crisis.
11/24/2016
ECB to review securities lending and bond purchases
But money market mutual fund regulation may not be the only factor.
11/24/2016
The European Central Bank just outlined 4 of the biggest risks to financial stability
The ECB's assessment echoes the sentiment of some investors in the market.
11/24/2016
Simmons defends Barclays on former executive's employment dispute
The long-running investigation, which began in 2012, is scrutinising a £7.3bn emergency cash call made by Barclays at the height of the financial crisis when it avoided a taxpayer bailout by raising the money from investors in the Middle East.
11/23/2016
King & Wood Mallesons’ European, Middle East Arm Considers Merger
In this division, the firm has 130 partners and more than 500 lawyers altogether.
11/23/2016
Confluence Adds New Reporting Forms to RegTech Platform
Updates include reporting using Form N-PORT and Form N-CEN
11/23/2016
Tit-for-tat banking rules are a retrograde step
The EU risks giving US institutions an excuse to scale back operations
11/23/2016
FCA demands more transparency from asset managers
Damning report complains of high margins, opaque fees and underperformance
11/23/2016
Man, 31, accused of killing a former Coutts banker with a single punch after a night out denies murder
Trevor Timon allegedly attacked the former Coutts banker after a night out in London
11/23/2016
Brussels proposes new rules for banks to kickstart growth
European Commission may require foreign banks operating in EU to hold extra capital
11/23/2016
Bank of China Set to Start Serbia Operation
Bank of China will receive a full licence to start operating at the beginning of 2017 in Serbia - the first Balkan country to host one of the world's largest banks.