09/18/2019
Watchdog grills Metro Bank staff over misreporting scandal
FCA widens investigation into miscategorised loan risk-weightings to include managers
Legal, Regulation & Compliance
09/18/2019
Italy Considers Penalty on Cash Withdrawals to Fight Tax Evasion
Shops, restaurants and other small businesses often refuse electronic payment, citing high costs or broken card-reading equipment.
09/18/2019
Swedbank to allow prosecutor to question lawyer over money laundering
The new chairman, former Swedish Prime Minister Goran Persson, has promised full transparency.
09/18/2019
Top level fight breaks out at Malta financial regulator
As chief exec’s promise of a golden handshake draws the ire of an MFSA board member
09/18/2019
Mourant trusts lawyer makes list of Top 35 Under 35
The Top 35 Under 35 is well known in the trusts and private client sector, and is designed to shine a spotlight on the rising stars of the private client industry in the UK and the Channel Islands.
09/18/2019
Sheffield Dis-United
The comprehensive decision will be an important precedent to consider in future shareholder disputes, particularly those involving a ‘deadlock’ situation.
09/18/2019
Deutsche Bank May Face ECB Probe Over Dealings in Its Own Bonds
A formal probe would add another distraction for CEO Sewing
09/18/2019
HKMA and the BIS sign operational agreement on the BIS Innovation Hub Centre in Hong Kong SAR
The Hub will identify and develop in-depth insights into critical trends in technology affecting central banking
09/17/2019
Solvency II - PRA allows applications to recalculate TMTP
Firms should note that in order to expedite the application process, we would expect applications at this time to use firms’ existing TMTP calculation methodology.
09/17/2019
ECB has $51 billion fund questioning future of inflation hedging
And when you listen to Draghi, you certainly don't get the impression that inflation is about to come back," Mr. Rytsola said.
09/17/2019
Preparing for Brexit in financial services: the state of play by Andrew Bailey, Chief Executive of the FCA
Speech by Andrew Bailey, Chief Executive of the FCA, delivered at Bloomberg - London
09/17/2019
Millions of expats' futures in the EU and UK hang in the balance, says deVere boss
The deVere CEO said: "The millions of British expats in Europe and the EU citizens living in the UK are amongst those who will be disproportionately adversely affected by a no-deal Brexit.
09/16/2019
France and Germany will Block Facebook's Libra; Want to build Public cryptocurrency
France and Germany said on Friday that Facebook's Libra currency posed risks to the financial sector that could block its authorisation in Europe, and backed the development of an alternative public cryptocurrency.
09/16/2019
Brussels eases off on plans to rewrite fiscal rule book
Eurozone finance ministers at odds on how to make framework simpler
09/16/2019
Central banks to grill Facebook over Libra
Regulators will question representatives of digital currency over threat to financial stability
09/16/2019
Resident Money Market and Investment Funds return
The MMIF requirement for more detailed data and a tighter reporting timeline has, however, introduced new challenges to fund administrators.
09/16/2019
FCA and Hong Kong SFC – Addendum to MoU on funds recognition
To ensure that the UK-Hong Kong mutual recognition of funds arrangement will continue to operate in a smooth manner after the withdrawal of the UK from the EU, the parties have agreed to enter into this Addendum to reflect consequential amendments to the
09/16/2019
PRA policy statement on supervision of international banks
The PRA received six responses to the consultation, including one from a trade association.
09/16/2019
Accountants are ‘turning a blind eye to dirty money’
A former homicide and anti-terror detective in Northern Ireland, she has come to the job with a fresh eye to “turn up the dial” against fraud which she admits has previously not been prioritised by police and wrongly portrayed as a “vict
09/16/2019
ESA report on financial risks and vulnerabilities
In light of the ongoing uncertainties, especially those around Brexit, supervisory vigilance and cooperation across all sectors remains key.