12/10/2019
EBA updates its guidelines for the reporting of funding plans
The guidelines also introduce some simplifications for small and non-complex institutions to enhance proportionality and reduce reporting costs.
Legal, Regulation & Compliance
12/10/2019
FSB reports on BigTech in finance and third party dependencies in cloud services
The entry of BigTech firms into finance has numerous benefits, including the potential for greater innovation, diversification and efficiency in the provision of financial services.
12/10/2019
Mifid II creates ‘existential threat’ for small research groups
Boutiques hit by ‘perfect storm’ two years after introduction of EU market rules
12/10/2019
The Great Moscow Bank Shakedown
Cherkalin, 38, was a key figure in the insular—and, for some, apparently highly lucrative—world of bank supervision.
12/10/2019
Belgian lawyer guilty in 'Catch Me if You Can' Swiss money-laundering case
The three-judge tribunal also ordered confiscation of tens of millions found in accounts.
12/10/2019
Morgan Stanley hit with €20m fine for OAT, OLO price manipulation
The Committee found that the company had secured the price of the September 2015 FOAT traded on Eurex, as well as the price of 14 of the 17 OATs and 8 OLOs, at an abnormal and artificial level.
12/09/2019
Watchdog investigates funds with Woodford holdings
Earlier this year Hargreaves faced a loss of about £1.9m in fees from the Woodford debacle as investors pulled millions from the firm’s in-house funds.
12/09/2019
‘I lost my £193,000 inheritance – with one wrong digit on my sort code’
When Peter Teich’s money went to another Barclays customer, the bank offered £25 as a token gesture
12/09/2019
Watchdog asks UK for transparency in tycoon’s settlement
Although there is scant information about the specifics of the case, returning seized funds to the country of origin, as is proposed, is an obligation under the UN Convention Against Corruption.
12/09/2019
Carbon reporting: are you ready to disclose your emissions?
Many businesses caught by these regulations may already be preparing similar information as part of their assessment under the Energy Saving Opportunity Scheme (ESOS).
12/09/2019
FCA fines hit highest level in four years
The UK financial regulator meted out nine £10m-plus levies this year
12/08/2019
Banks have paid a heavy price for rigging Libor – and now the race for a replacement is on
The rate is baked into more than $400 trillion worth of contracts globally – an eyewatering 160 times the UK’s annual economic output.
12/08/2019
Oliver Dearlove murder trial: 'Man killed banker with one punch after hitting him as hard as he could'
Mr Cook told the court: “It almost felt like he was going to leave, and then he thought ‘you know what, I‘m going to hit this guy‘.
12/08/2019
UK needs to maintain regulatory alignment with EU after Brexit
Dombrovskis told the Financial Times it would be simple for the UK to gain equivalence due to the fact that current financial services laws were largely implementing EU legislation.
12/08/2019
EBA pushes for early action on sustainable finance
The third stage of the work will look into the evidence around the prudential treatment of “green” exposures.
12/08/2019
Operational resilience under focus of UK financial regulators
The proposals outlined by the respective regulators differ slightly to reflect the different policy frameworks and supervisory approach they each take.
12/08/2019
IFCs must contribute to the evolution of the corporate tax landscape by Geoff Cook
If this steams ahead, there is the potential for a seismic shift that could have a significant impact on cross-border trade and investment.
12/08/2019
Ten key regulatory challenges of 2020
Financial services risk across business imperatives
12/08/2019
Vatican investments linked to global money laundering investigations
Swiss financial news sites also linked the bank to an alleged $62 million bribe paid to a PDVSA official.
12/08/2019
Deutsche Bank staffers cleared but bank fined in money laundering case
Sources close to the investigation said as recently as July that prosecutors were set to escalate the investigation