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.
Legal, Regulation & Compliance
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.
10/19/2015
Bank of England Keeps Tabs on Property Investors to Reduce Risks
Brazier praised the industry for a proposal that would see debt measured not relative to market prices, but to cash-flow prospects.
10/18/2015
Strauss-Kahn's Luxembourg Bank Faces Preliminary French Probe
That case was eventually dropped, and he was acquitted earlier this year at a French trial over pimping charges.
10/18/2015
Trader caught up in Libor scandal sues Deutsche Bank
Her tribunal claim also includes allegations of unequal pay.
10/17/2015
UK banks may need $5.1b of capital for ring-fencing
The rules will probably apply to HSBC Holdings Plc, Royal Bank of Scotland Group Plc, Lloyds Banking Group Plc, Barclays Plc, Santander UK Plc and Co-operative Bank.
10/16/2015
The bank bashing era may finally be coming to an end
But which rules will handicap British banks compared to their international rivals?
10/16/2015
U.K. Regulator Holds Firm on Bank Segregation Plan
Ruling sets the stage for more painful restructuring at British lenders
10/16/2015
Electra threatening 'retribution' against rebel investors alleges Sherborne
The letter offers the most concrete explanation for Sherborne’s two-year campaign to win board representation
10/16/2015
The UK is retreating in the battle to rein in the banks -- but that could have been the plan all along
Banks have had a good two days, winning concessions on rules designed to split up the banks and put an end to misconduct.