11/18/2019
European insurance regulators ramp up focus on climate change
The European Insurance and Occupational Pensions Authority (EIOPA) will focus its regulatory efforts in the coming years on climate-related risks
Legal, Regulation & Compliance
11/18/2019
EU must overhaul pensions; fees to blame
With government pensions on the decline, and occupational ones covering only a minority of citizens and pension needs, public authorities are asking EU citizens to save more and earlier for retirement.
11/18/2019
EU adopts framework for sanctions on Turkey
This decision is a direct follow-up to the Council conclusions of 14 October 2019
11/18/2019
Private debt fund growth continues
The authorities are also facilitating in ways that promote and ease access to this type of financing
11/18/2019
How America's oldest bank became a money laundering hub for post-Soviet Russia
Soviet banks were handled by a Russian aristocrat from the highest echelons of tsarist society
11/18/2019
Competition Authority probes FNZ / GBST merger
This date is the current statutory deadline by when the decision will be announced.
11/18/2019
Ex CEO paid wife out of salary to avoid tax
Mr Forsyth has referred the Decision Notices to the Upper Tribunal where the parties will present their respective cases.
11/18/2019
Open Finance: an opportunity for financial services by Sheldon Mills, FCA
Your input will be crucial in helping us understand how we can best contribute to the wider project
11/18/2019
FNZ / GBST merger inquiry
The CMA is investigating the completed acquisition of GBST Holdings Limited by FNZ (Australia) Bidco Pty Ltd.
11/18/2019
FCA bans and fines ex-CEO after he took steps to reduce his tax liability
Up until 2010, Forsyth was paid between £5,000 and £10,000 per annum, which was not considered unreasonable for the work she was undertaking.
11/18/2019
PIMFA Launches Mental and Financial Wellbeing Campaign
The campaign has industry widespread support and for any organisations that would like to be involved, they can visit the Financial and Mental Wellbeing: Financial Journeys Campaign microsite.
11/17/2019
Gardai join hunt for the missing OneCoin billions
The bureau may launch its own investigation into the sale of OneCoin, which falsely claims to be a digital currency similar to Bitcoin
11/17/2019
The regulatory agenda moves on
Regulators may need to consider changing from supervising entities to supervising activities
11/17/2019
Investment Association updates Principles of Remuneration for 2020
The updated principles recommend that remuneration committees be given discretion to cap vesting at a specific monetary value.
11/15/2019
German Parliament passes anti-money-laundering laws
Anti-corruption group Transparency International found that about €30 billion in illicit funds were funneled into German real estate in 2017.
11/15/2019
BorsadelCredito.it teams up with French neobank Qonto to support SMEs in Italy
The agreement aims at responding to these specific needs in terms of daily financial activities and access to credit, offering through digital services more flexibility, customisation, and higher speed than that provided by the traditional banking system.
11/15/2019
Greece’s New Penal Law is Likely to Return Riches to Money Launderers: FT
Under the law, newly-formed judicial committees will be tasked with reviewing nearly 900 cases
11/15/2019
Sweden's Riksbank slams Canada, Australia over emissions, dumps bonds
Greenhouse gas emissions per capita are among the highest in the world, but vary considerably between the different states.
11/15/2019
Danish watchdog orders Handelsbanken to boost anti-money laundering efforts
“This in particular concerns the risk of the branch being misused for terrorist financing,” the regulator added.
11/15/2019
Ireland: Over 180,000 firms could face fines under money laundering rules
If an entity cannot identify any persons who own a sufficient percentage or who exercise a sufficient level of control, then it must collate and submit information of its senior managing officials instead