10/23/2015
Central banks urged to raise rates as asset bubble fears grow
It is possible that the present environment of ultra-low rates will persist for some time yet.
Legal, Regulation & Compliance
10/23/2015
EU takes six countries to court over bank bailout scheme
Czech Republic, Luxembourg, the Netherlands, Poland, Romania and Sweden could face fines till legislation is put in order
10/22/2015
International Tax e-briefing - Eversheds
Summary of significant recent changes in tax law in the EU.
10/22/2015
Development Banks’ Climate Pledge: $100 Billion a Year
The World Bank said it will boost climate financing by a third, making $29 billion a year in additional funding available by 2020
10/21/2015
Asia shares rise ahead of European Central Bank meet
There was more evidence of the problems plaguing Asian trade flows with Japanese exports growing at the slowest pace since mid-2014
10/21/2015
Credit Agricole to pay $787M for banking violations on behalf of Iran, Sudan
The $787.3 million will be divided into several parts.
10/21/2015
FIX Trading Community announces revised guidelines on Execution Analysis in EMEA
To meet the ongoing requirements for greater granularity, the EMEA Business Practices Subcommittee has produced a revised set of guidelines to highlight EMEA specific trade scenarios.
10/21/2015
BME To Launch New Transparency Services Under MIFID II
It will apply to operate as an “Approved Publication Arrangement” (APA)
10/21/2015
DeVere forms alliance with law firm
International IFA giant deVere has partnered with global law firm Stephenson Harwood to offer its clients access to legal advice on financial planning issues.
10/21/2015
Bank of England Restricts ‘Stress Tests’ to Largest UK Retail Banks
British taxpayers had to plough billions of pounds to prop up RBS and Lloyds Banking Group after the 2008 financial crisis, and lending to firms and households took years to recover, slowing economic growth.
10/20/2015
Deutsche Bank Error Said to Briefly Send Client $6 Billion
Deutsche Bank’s American depositary receipts traded as low as $29.61 after the Financial Times reported the error earlier Monday, almost wiping out gains for the day.
10/20/2015
FCA responds to criticism of expert panel
The review has already engaged with trade bodies and will continue to do so to ensure that their ideas are heard
10/20/2015
Emir regulations present ‘opportunities’, says Oxley
Mr Oxley said of the changes: “On the one hand you have to work harder to get your positions on, but on the other, opportunities are mispriced as people have stepped away from risk-taking.
10/20/2015
Barclays joins list of banks seeking ringfencing waiver
The rules apply to Britain’s largest banks, those with more than £25bn of deposits and are due to come into force in 2019.
10/19/2015
Banca Monte dei Paschi di Siena opts for Wolters Kluwer Financial Services’ OneSumX Regulatory Reporting Solution
World’s Oldest Bank Chooses Leading Solution for Multi-Country Reg Reporting
10/19/2015
Legal aid row threatens Barclays Libor-fix trial
The trial of six former Barclays bankers accused of rigging international borrowing rates is on a knife edge as barristers for half of the defendants have yet to agree fees for the case weeks before it begins.
10/19/2015
UniCredit considers sale of some Bank Austria assets -sources
A second source confirmed sale talks on the Austrian retail and SME assets were under way with Bawag, owned by Cerberus and GoldenTree Asset Management
10/19/2015
Swiss regulator issues licence to China Construction Bank
Switzerland has been seeking to attract a Chinese bank as part of the country's efforts to become a major trading hub in China's renminbi currency.
10/19/2015
Swiss franc risk haunts Polish bankers as election nears
Poland's banks are bracing for a fight to hold on to their earnings after next Sunday's election.
10/19/2015
Regulation prevents innovation in wealth firms
Not only is the weight of regulation a topic for consideration, but also its unintended consequences.