09/27/2016
Highly Qualified Persons Rules
The purpose of these rules is to attract foreign expertise and senior professionals to Malta.
Legal, Regulation & Compliance
09/26/2016
French 'rogue trader' Kerviel must pay 1.0 mn euros to bank
Kerviel, who was convicted of breach of trust, forgery and entering false data for the trades, was sentenced to five years in prison
09/26/2016
IMF targets Scottish tax haven firms behind child abuse websites
The Sunday Herald has exposed how Scottish limited partnerships or SLPs have acted as fronts for websites peddling child abuse images
09/26/2016
Libyan sovereign fund recovers $127 mln from Lehman, Cornhill Capital
$73 million has now been recovered, paid in instalments to an LIA account
09/26/2016
Former IMF head on trial over bankers’ luxury sprees
They are accused of having paid for personal expenses with credit cards put at their disposal by both banks, without ever justifying them or declaring them to tax authorities.
09/26/2016
FCA mulls measures to prevent repeat of property fund freeze-up
Fire-sale valuations and liquidity cushions to limit the systemic risk they could pose.
09/26/2016
Europe ready to put exchanges merger under the spotlight
The merged businesses would have an overwhelming position in the clearing market.
09/26/2016
Paris Requests Swiss Bank UBS to Hand Over Data of 45,000 French Clients
France probed UBS on suspicion of helping its clients hide taxes between 2004 and 2012 Read more: https://sputniknews.com/business/20160926/1045695627/france-ubs-personal-data.html
09/26/2016
FCA appeal in JPMorgan Whale case set for Supreme Court
Case centres on whether executive was improperly identified
09/26/2016
BCS Global Markets Partners With Caderus Capital, Pushing Chinese Investment Fund
The partnership between the two groups will aim to facilitate and support a cross-border collaboration between China and Russia
09/26/2016
Societe Generale's position following the ruling of the Versailles Court of appeal
After having recalled the manner in which Jerome Kerviel entered into his fraudulent trading positions, the court appeal approved in clear terms the manner in which the positions were unwound by the Bank after they had been discovered.
09/25/2016
City looks to new passporting rules to weather the Brexit storm
Passports, which were introduced in 1993, give UK banks, insurers and asset managers the right to sell their services freely across the rest of the EU
09/23/2016
CFTC Orders Barclays Bank to Pay $500,000 for Recordkeeping Violations
Barclays is a global banking and financial services company based in the United Kingdom, as well as a provisionally registered swap dealer with the CFTC.
09/23/2016
Protect bank transfer scam victims, demands Which?
The consumer group pointed out that banks have security checks on activities where they are liable to reimburse the victim, for example on credit card fraud.
09/23/2016
Hong Kong's richest man bids £11 billion for UK gas network... so will Theresa May step in to block it?
And it would be the latest Chinese investment in Britain.
09/23/2016
Banking watchdogs to investigate industry response to money transfer scams
Which? has raised the issue as a 'super complaint' with industry watchdogs, which means that they must respond within 90 days.
09/22/2016
Bahamas files leaks expose politicians' offshore links
The data has details of the financial interests of politicians, entrepreneurs, financiers – and fraudsters
09/22/2016
Esma eyes 2018 start for Mifid II swaps rules
Trading obligations would be fully in place for all counterparties and across interest swaps denominated in the Swedish.
09/22/2016
Commodity Traders Face Tougher Rules as EU Curbs Speculation
They delivered that message to Valdis Dombrovskis, the bloc’s financial-services chief, in a closed-door meeting earlier this month.
09/22/2016
Former EU Official Among Politicians Named in New Leak of Offshore Files from The Bahamas
As the EU’s commissioner for competition policy from 2004 until 2010, she was Europe's top corporate enforcer and made Forbes magazine’s annual list of the “World’s 100 Most Powerful Women” five times.