11/10/2015
TLAC: EBF urges proper and careful implementation in Europe
The EBF appreciates that the calibration of the standard is at the lower end of the spectrum as originally proposed by FSB members and allows for a phasing in by 2022.
Legal, Regulation & Compliance
11/10/2015
Financial Conduct Authority‘s Project Innovate celebrates first anniversary with plans for ‘regulatory sandbox’
The FCA was asked to investigate the feasibility and practicalities of developing a regulatory sandbox for financial services by Her Majesty’s Treasury, following recommendations by the Government Office for Science.
11/10/2015
Beyond Banking: under attack on all sides
In the first of a three-part series, the FT looks at the turmoil and decline of the banking industry
11/09/2015
UBS named Best Global Private Bank again in magazine awards
The bank says its assets under management of two trillion Swiss francs S$2.82 trillion are the largest among global wealth managers.
11/09/2015
IFA fights FOS over 'unsuitable' drawdown advice
In July, the FOS found against Wolverhampton-based AJ Wealth Management over its advice for a client to enter income drawdown in 2006.
11/09/2015
Goldman Sachs Asset Management warns UK not to leave the EU
Mr Wilson’s comments contrast with the views of several senior hedge fund managers.
11/09/2015
Global Banks Face $1.2 Trillion Shortfall Under Proposed FSB Rules
The world’s 30 biggest banks, including HSBC, JPMorgan Chase and Deutsche Bank, would need to raise as much as $1.2 trillion in total loss-absorbing capacity by 2022 under proposed rules published Monday by Europe's Financial Stability Board (F
11/09/2015
Gresham House Wins Regulatory Approval To Manage Strategic Fund
The UK's Financial Conduct Authority has approved Gresham House Asset Management Ltd to carry out designated investment management business
11/08/2015
Jail HSBC worker who leaked 'tax dodge' documents for six years, prosecutor urges
Herve Falciani leaked documents allegedly indicating that HSBC's Swiss private banking arm helped more than 120,000 clients hide £129bn from tax authorities
11/06/2015
International law firm focuses real estate practice with partial transfer to Howes Percival
They will operate across all three of the firm’s offices in Cambridge, London and Singapore.
11/06/2015
Bond Dickinson makes dealmaker appointment
He developed his outstanding reputation whilst an equity partner at Addleshaw Goddard for 12 years.
11/06/2015
Pope’s merchant bank faces money laundering accusations after investigation
Pope Francis sanctioned the probe as part of his drive to clean up the Holy See after decades of financial sleaze
11/06/2015
British Traders Facing US Jail Over Libor
A senior British banker slumps over a table in court after being convicted of plotting to rig the benchmark interest rate Libor.
11/06/2015
Linklaters hires another Baker & McKenzie practice head
Linklaters has hired Baker & McKenzie's global chair of dispute resolution
11/05/2015
Deutsche Bank to pay $258m penalty for violating US sanctions
Violations in connection with transactions on behalf of countries and entities subject to U.S. sanctions, including Iran, Libya, Syria, Burma, and Sudan.
11/05/2015
US extends Global Entry to UK citizens
This part of the application costs $100 (£65) and is non-refundable.
11/05/2015
Terrorism victims sue BNP Paribas for violating sanctions
BNP was laundering money for clients in Sudan in the years leading up to the bombing
11/05/2015
Platform giants hit back at wraps' warning over sunset clause crisis
The Financial Conduct Authority banned platforms from receiving rebates from fund managers on new business in April 2014.
11/03/2015
U.S. Placed Above Cayman Islands in Financial Secrecy Blacklist
Singapore and the Cayman Islands were placed fourth and fifth in the TJN rankings
11/03/2015
Statement claims Central Bank censored warnings of collapse
Mr Browne's written statement was published by the banking inquiry this afternoon.