12/23/2019
FCA told to consider disclosing firms' PI details to clients
Complaints commissioner Antony Townsend said he sympathised with the client but ultimately sided with the FCA on its grounds of confidentiality.
Legal, Regulation & Compliance
12/23/2019
How Brexit will affect cross-border divorce
The key piece of legislation in the area of cross-border divorce and children matters is Brussels II(a) (Regulation 2201/2003).
12/22/2019
HSBC and JPMorgan Traders Accessed BOE Audio Feed, FT Says
Banks try to establish whether staff used feed probed by FCA
12/22/2019
Bankers-turned-winemakers are transforming England into wine country
English wine has changed from a novelty or joke into a serious contender
12/22/2019
Investigators put bounty call outside Harrods for Russian oligarch wanted on allegations of $2.5bn fraud
It has also hired a mobile billboard to drive around Knightsbridge, where it says Mr Bedzhamov is currently thought to live.
12/22/2019
Why EU Climate Weapon Is in the Financial Fine Print
The EU is committed to meeting the targets of the Paris Agreement, and with new leaders just taking their posts, its ambitions are higher than ever.
12/22/2019
Panama Papers supply 18.6 million euros
Reported in Belgium Knack, De Tijd and Le Soirthat at minimum 732 names of Belgian residents and residents come in the information breach of 11.5 million papers.
12/22/2019
ESMA follow-up report on fees charged by CRAs and TRs
The Treasury, in exercise of the powers conferred by section
12/22/2019
The Draft Federal Law “On Digital Financial Assets”
The Draft continues digital reforms aimed at setting up a procedure for the regulation of digital rights and assets – i.e., to set up a procedure for regulating the way of proving and certifying property rights in information systems operating on th
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
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’”