06/24/2016
SEC Sues UK-Based Trader for Account Intrusion Scheme
The complaint alleges that Mustapha placed stock trades without the customers’ knowledge and then traded in the same stocks through his own brokerage account.
Legal, Regulation & Compliance
06/24/2016
FSB sets out to tackle asset management's 'structural' weak spots
The policy recommendations will pave the way for the FSB, together with IOSCO, to resume its work on developing methodologies
06/24/2016
​Eversheds advises Panmure Gordon in connection with a placing of new shares
The Eversheds team was led by corporate partner Simon Masters, together with corporate senior associates Paul Keohane and Richard Simpson.
06/24/2016
The real threat to Britain’s borders is the flow of dirty money
It’s probably remain’s least used argument, but isolated nations are unable to fight organised crime. Only real cooperation in Europe can have an impact
06/24/2016
ECB Restoring Greek Banks’ Access to Cheap Funding
European Central Bank said it would start accepting junk-rated Greek government debt as collateral
06/24/2016
Bank of England pledges £250bn liquidity
The Bank of England has stress-tested these banks against scenarios far worse than the one the UK is facing.
06/23/2016
Sir Philip Green's wife to give details of family's offshore companies
MPs ask Lady Tina Green to provide information on all offshore companies owned by family as part of BHS inquiries
06/23/2016
CME Group granted EU clearing house recognition by ESMA
The European Markets Infrastructure Regulation requires third-country CCPs to be recognised by ESMA to be able to operate in the EU.
06/23/2016
“Virtual reality” - Jersey introduces virtual currency regulatory regime
What does this mean for you and your business?
06/23/2016
Ex-BNP Paribas head of spot currency trading sues bank
A growing number of former bank staff are going to employment tribunals in London with unfair dismissal lawsuits in the wake of a crackdown on the banking industry after the financial crisis.
06/23/2016
Competition Policy in Financial Markets – the view from the regulators
Speech by Mary Starks, Director of Competition, FCA, delivered at the Centre for Competition Policy (CCP) Conference on 10 June in Norwich.
06/23/2016
‘You cannot outsource responsibility’: FCA sets out robo-advice regulation plans
Percival also explained the work the regulator is doing on innovation and technology, setting out a warning to firms considering outsourcing services.
06/23/2016
FCA guide to submitting STORs - Herbert Smith Freehills
The FCA has published a guide to submitting a suspicious transaction and order report (STOR) using Connect. STORs must be submitted via Connect from 3 July 2016.
06/22/2016
EU Hammers Out New Rules to Fight Corporate Tax Dodgers
Companies were able to take advantage of mismatches between tax systems of member states
06/22/2016
Pinsents, Gowling WLG and KWM appointed to reduced Royal London Asset Management panel
The panel, which has been trimmed from six firms, took effect on 1 June and will last at least three years.
06/22/2016
Get statements in writing to reduce risk of HMRC tax investigation, says Marlowe
This test is also part of the new travel & subsistence regulations introduced in April, where the onus is on agencies or umbrella companies paying expenses free of income tax and NI deductions to show there is no SDCM.
06/21/2016
Reed Smith lands CMS Cameron McKenna's capital markets head as it hunts financial services growth
He subsequently joined Jones Day, before making partner at Simmons & Simmons nearly 10 years ago.
06/21/2016
Banks out to beat Basel's capital clock
As the world’s biggest banks try to build enough capital to satisfy regulators, European investment banks have the most ground to make up.
06/21/2016
German court rules in favour of ECB crisis-fighting tool
The constitutional court ruled that the ECB's 2012 bond-buying plan called Outright Monetary Transactions (OMT) complies with German law.
06/21/2016
Nordea CEO Rejects Speculation Bank Needs to Issue More Shares
The report sent Nordea’s shares down as much as 2.9 percent in Stockholm, the most in more than a month.