12/22/2019
Takeovers of European banks at lowest level on record; profits slumping
He’s now lobbying fellow ministers on its merits, and while his proposal has run into opposition
Legal, Regulation & Compliance
12/20/2019
Global Anti-Corruption Programme
This Prosperity Fund programme promotes increased global prosperity and inclusive sustainable growth by working against corruption.
12/20/2019
Bank scandal: European bank chiefs had already acted over danger
It took action after discovering that companies were getting a head start on its president’s words, giving traders a valuable few extra seconds to transact on the markets.
12/20/2019
Occasional Consultation Paper - October 2019
The policy set out in this PS has been designed in the context of the current UK and EU regulatory framework.
12/20/2019
Sweden ends five years of negative rates with hike to zero
Rates are still negative in the euro zone, Japan, Denmark, Switzerland and Hungary, and with the exception of Hungary, are expected to remain so for some time to come.
12/20/2019
European Central Bank's CBDC Borrows Bitcoin's Pseudo-Anonymity
The CBDC research is part of a proof-of-concept that aims to contribute to the broader discussion of central bank chains.
12/20/2019
MiFID II: ESMA announces 2020 transparency and SI publications dates
During 2020, ESMA will publish for the first-time transparency and systemic internalisers calculations for derivatives.
12/20/2019
EBA consultation on draft RTS on material risk takers
“Risk takers” will be identified based on the criteria laid down in the revised Capital Requirements Directive and those specified within the draft RTS.
12/20/2019
EIOPA 2019 Consumer Trends Report
Improvements in disclosure practices have been seen and digitalisation remains a broadly noteworthy trend, showing that financial innovations can bring benefits for both insurers and consumers, so long as they are adequately designed and properly implemen
12/20/2019
European Parliament and Council agree rules on crowdfunding platforms
A single set of rules will apply to crowdfunding services in the EU, up to EUR 5 000 000
12/20/2019
A Banker Drew Macquarie Into a German Tax Scandal. It Became a Costly Bargain
“Macquarie should have said ‘thanks but no thanks’”
12/20/2019
Germany Will Introduce More red Tape for Crypto Custody Providers
Any digital representation of a value not issued by the central bank has no legal status in Germany.
12/20/2019
Albanian Drug Suspect’s Banana Bonanza
Smuggling drugs in refrigerated containers of bananas or other fruits has become a favored tactic of traffickers in recent years.
12/20/2019
FCA fines director £45k over personal trades
Mr Gorman carried out the trades in his capacity as a person discharging managerial responsibility (PDMR) at Braemar.
12/20/2019
FCA secures confiscation order totalling over £170,000 against convicted fraudster
The Court found that Mr Virdee had derived a benefit of £666,730.58 from his criminal conduct
12/20/2019
FCA blocks adviser phoenixes as crackdown begins
The practice can have a devastating impact on the individual consumers concerned and a knock-on effect on the wider economy.
12/20/2019
The Court’s inherent jurisdiction to remove trustees? Nothing exceptional
The Court held the jurisdiction to remove a trustee under its inherent jurisdiction does not have an initial threshold of exceptionality and there is no requirement, beyond that which is normal, for a strong case to be made out.
12/19/2019
UK To Launch Big Tech Regulator Post-Brexit
There is an emerging international consensus around the scope of new regulation.
12/19/2019
Ex-Deutsche Bank Executive Facing Jail in Italy Still Has Clout
Regulators were concerned at the time about a widening series of scandals at Deutsche Bank.
12/19/2019
Watchdog sides with FCA over 'extortionate' DB advice claim
The consumer claimed they would be "at least £3,000 financially worse off" as a result of the rules and left "exploited by unscrupulous IFAs for advice"