06/10/2016
Finnish Police Pull Accounts at Nordea Due to Offshore Links
The police agency, which has more than 11,000 members, said in a brief statement Thursday,
Legal, Regulation & Compliance
06/10/2016
MAR – European Parliament non-objection to market soundings regulation
The European Parliament has published the text it adopted on its decision not to raise objections to the delegated regulation of 17 May 2016.
06/10/2016
Court of Appeal gives guidance for bankers' references
What to include in a request for reference and the circumstances in which liability may be avoided
06/09/2016
Bankers, Not Banks, on Trial in Barclays Libor Case, SFO Says
"The banking industry isn’t on trial, it is a handful of dishonest traders," Hines said on the second day of his closing argument.
06/09/2016
EU unlikely to extend global bail-in rules beyond big banks -official
Such a decision would find favour with Germany and Britain, which have urged the EU executive not to extend the so-called TLAC requirement beyond the very biggest banks.
06/09/2016
FCA admits it now takes half a year to get authorised
Average processing times for authorising retail firms have been increasing over the past year and, as of the end of March, sat at nearly 25 weeks.
06/09/2016
FCA bans two individuals for lack of integrity
These two individuals misused pension funds, endangering the retirement incomes of hundreds of people. While further investigations continue, the FCA considers it necessary to prohibit them to help protect consumers.
06/09/2016
Mellor's lust for money and why he's being sued over a £30m land deal
He is considered a star turn in the corporate world, where many are keen to learn from his experience.
06/09/2016
Common Reporting Standard: HMRC guidance for charities released - Withers
The guidance is short and links in to HMRC's general guidance on the Automatic Exchange of Information in several places.
06/08/2016
PwC Legal advise management as part of €470m Eden Springs sale
The PwC Legal team was led by corporate partners Peter Workman and Oliver Williams, assisted by Laura Peachy and Alec Gosiewski, together with other colleagues from across the firm. Linklaters acted for Rhone Capital and White and Case acted for Cott Beve
06/08/2016
French court rules SocGen fired ex-trader Jerome Kerviel without cause
The ruling, handed down by a tribunal made up of equal numbers of employer and trade union representatives, comes as Kerviel faces a separate civil case due to start next week before an appellate court about how much he has to pay the bank towards the los
06/08/2016
Sovereign debt rule changes threaten EU bank finances
The proposals are controversial, and some eurozone leaders, such as Italy’s Matteo Renzi, have warned that they would block any attempt to cap the amount of government debt that banks can hold.
06/08/2016
Swiss and UK watchdogs quiz Credit Suisse over Mozambique debt
Credit Suisse and VTB have both been active in the southern African country, arranging loans for state-owned firms as well as helping with a eurobond issue.
06/08/2016
European Union: ESMA Blockchain Regulation
The ESMA indicated that the responses will help it assess the opportunities and challenges posed by blockchain technology from a regulatory standpoint and form an opinion on whether a specific regulatory response to the use of this technology in securitie
06/08/2016
Ogier advises on £281 million acquisition of Scotch whisky brands
The Ogier team was led by partner Steve Meiklejohn and included Katherine Neal and Ashley Quenault.
06/08/2016
Ex-Deutsche Bank trader gets green light to sue FCA
The FCA had tried to anonymise its final notice, but a court has since decided Bittar could be identified, and should have been given a chance to respond before the report was published.
06/08/2016
Organizations Supporting the EU-U.S. Financial Services Marketplace form new International Coalition for Transatlantic Cooperation
A robust regulatory dialogue between regulators in the U.S. and EU, carried out under clear requirements agreed within TTIP by the respective financial supervisors
06/08/2016
MiFID II/MiFIR – European Parliament approves one year delay
The European Parliament has voted to approve a one year delay of MiFID II and the Markets in Financial Instruments Regulation (MiFIR). The deadline for member states to transpose MiFID II into national legislation will be postponed to 3 July 2017. The dat
06/08/2016
Al Rayan Bank expert helps UK devise Shariah products to ensure financial inclusion
Alamad pointed out that the situation became more difficult for Muslim students with the introduction of higher fees by universities.
06/08/2016
BNP Paribas embroiled in HSBC money-launder case
The police action was on the orders of Judge José de la Mata, who is leading an investigation into 659 Spanish citizens.