11/16/2015
KBC to liquidate KBC Financial Holding Inc. (US)
That process has since been completed, with KBC collapsing the last two CDOs it held in portfolio in September 2014 see press release of 1 October 2014.
Legal, Regulation & Compliance
11/16/2015
Italian businessman and glamour model convicted of recruiting prostitutes for Berlusconi's parties
Gianpaolo Tarantini and Sabina Began, "Queen Bee" of Berlusconi's female entourage, accused of recruiting 26 showgirls to attend parties at the then prime minister's homes in Rome and Milan
11/16/2015
CPA Ireland Enters Mutual Recognition Agreement with the South African Institute of Professional Accountants
This agreement builds on the MoU signed between the two bodies previously
11/16/2015
French Company Fined US$772 Million To Resolve Bahamas And Other Bribery Charges
In total, Alstom paid more than US$75 million to secure more than $4 billion in projects around the world, with a profit to the company of approximately US$300 million.
11/15/2015
UK regulator cancels enforcement conference
The Financial Conduct Authority has cancelled one of its long-running conferences for investment managers that had become an important fixture for the industry.
11/15/2015
Jailed former Leeds United boss to pursue legal battle with Dubai employer
Haigh was sentenced to two years in jail after being convicted of “breach of trust” by the Dubai Criminal Court in August.
11/13/2015
UKSIF reaction to Government announcement fiduciary duty will not be clarified in law.
The UK Sustainable Investment and Finance Association has expressed its extreme disappointment that the Government has chosen not to clarify fiduciary duties in law.
11/13/2015
Columbia Threadneedle Investments: Groundhog Day for financial markets latest commentary from Mark Burgess, CIO EMEA and Global Head of Equities at Columbia Threadneedle Investments
Critics of the Fed would argue that the Federal Open Market Committee has simply been too transparent, and that policymakers have painted themselves into a corner.
11/13/2015
Offshore Structures and The Register of People with Significant Control - The PSC Register
Are you an Administrator or Trustee of an offshore structure which owns a company incorporated in the United Kingdom (UK)?
11/13/2015
European Central Bank
Short-term Treasury yields rise on continued Fed speculation
11/13/2015
SRA shuts several law firms, with dishonesty allegations to the fore
The SRA said there was “reason to suspect dishonesty” on the part of solicitor Ejaz Ahmad.
11/13/2015
Russian central bank considers options for VEB bank after report of capital shortfall
VEB or Vnesheconombank is a Moscow-based state corporation used by the Kremlin to help diversify the Russian economy
11/13/2015
Ex-Deutsche Bank, Barclays Euribor Traders Charged by U.K.
Six former Deutsche Bank employees and four ex-Barclays employees will be charged with conspiracy to defraud, the SFO said in an e-mailed statement Friday.
11/12/2015
JPMorgan's accused hackers had vast $100 million operation
American prosecutors say they have identified the people involved in hacking JPMorgan Chase last year.
11/12/2015
The EU-U.S. Safe Harbor decision: implications for the asset management industry
The Schrems v. Data Protection Commissioner of Ireland decision creates significant repercussions for EU to U.S. data flows across all sectors.
11/12/2015
Most EU countries have given banks option to double bonuses
Bonuses are limited to no more than a banker's fixed pay but this can rise to twice that amount if shareholders approve it.
11/12/2015
Treat rogue bankers like shoplifters and throw them in jail, says Osborne as he rejects pleas to 'move on' from the crash
Rogue bankers should be treated like shoplifters and thrown into jail, the Chancellor said yesterday.
11/12/2015
UK govt urged to set up new body to help investment banking thrive
It should be chaired by Finance Minister George Osborne and include the governor of the Bank of England
11/12/2015
UK leads on anti-corruption push, U.S. and China lag, campaigners say
Governments and campaign groups are concerned about company ownership transparency because webs of companies in secretive locations are important vehicles for money laundering.
11/11/2015
Pressure builds to delay MiFID II reforms
The Level 1 MiFID II legislation doesn’t provide for any delay to implementation