10/15/2019
FCA slaps Tullett Prebon with £15.4m fine
At one point, a Tullett Prebon broker claimed more than £15,000 from the company to pay for a luxury holiday to the US with his friend, a trader at a client bank.
Legal, Regulation & Compliance
10/15/2019
Exclusive: Deutsche Bank took years to flag suspect Danske money flows - source
Prosecutors are now investigating whether staff or management at Deutsche sanctioned the transactions, and whether they subsequently tried to cover them up, the person said, speaking on condition of anonymity.
10/15/2019
Budget representations: guidance
Guidance for submitting Budget representations.
10/15/2019
MEP calls for stronger EU anti-money laundering efforts amid Deutsche Bank withdrawals
Deutsche Bank's cutting of ties with five eurozone countries is embarrassment for European Banking Union, Sven Giegold says
10/15/2019
Deutsche Bank took years to flag suspect Danske money flows – source
Deutsche did not comment on the time taken to flag the transactions to authorities, which has previously not been reported, but said it ended its relationship with Danske in 2015 and had strengthened its anti-money laundering controls.
10/15/2019
The complex question of public UBO listings: how much transparency, is too much transparency?
It’s important to note that there’s no trepidation about transparency from a regulatory standpoint
10/15/2019
Monetary Policy: Adapting to a Changed World Speech given by Gertjan Vlieghe
I will discuss these in turn, and then consider the implications for how we set monetary policy in the future.
10/15/2019
Central Register of Beneficial Ownership of Corporates-An-Update-Ireland
On 29 July 2019 the Central Register of Beneficial Ownership of Companies and Industrial & Provident Societies ("Central Register") opened for filings.
10/14/2019
The market's uncertainty problem is getting worse
In many advanced economies, policy is not being conducted in a way that assists in providing some certainty to the decision-making process of local business.
10/14/2019
Managers hoping to see new era for fiscal policy
Departure of ECB's Draghi has many looking for strategy shift
10/14/2019
Cyprus, Malta lead EU ranking of $1.6 trillion assets held offshore
Offshore holdings, although in many cases completely legal, could help taxpayers hide taxable money and cut their bills if they stash their savings in low-tax jurisdictions.
10/14/2019
Deutsche Bank pulls the plug on Malta
Deutsche Bank has come under intense regulatory scrutiny across the globe over its processing of dirty money, some of which came about as a result of its correspondent banking relationships.
10/14/2019
Factris: EU Banks to Restrict Lending to SMEs
These new regulation changes will only make it more important for SMEs to avail themselves of alternative financing options available
10/14/2019
Brexit: Some Implications Under Irish Company Law - Ireland
Brexit may also have implications for auditors as UK audit firms may not retain automatic audit rights in Ireland if there is a no deal
10/13/2019
The Non-Resident Landlords Scheme
If your clients have entities with UK property which is generating rental income, they should ensure that appropriate returns are filed and tax paid by 31 January 2020.
10/13/2019
European Council adopts EU-wide whistleblower protection rules
Businesses and local authorities across the EU will need to establish whistleblower processes to comply with the new requirements.
10/13/2019
Irish Budget 2020 - A Roadmap for Irish and International Business
The annual Irish Budget provides a platform for the Irish Minister for Finance to announce tax changes and also to take stock of Ireland's economy and strategy for future growth.
10/13/2019
Failings on client funds safeguarding jeopardise fintech growth
The FCA's attestation form was aimed at ensuring "there is clear accountability and senior management focus on those specific issues where we would like to see change within firms".
10/11/2019
SJP ‘not in talks’ with FCA about charging structure
The call, leaked to the Sunday Times, suggested SJP managing director Ian Gascoigne expressed concerns that the FCA would likely want to examine the firm’s use of early withdrawal charges further.
10/11/2019
Ex Barclays finance chief would have faced charges over Qatar rescue, trial hears
The high-profile trial revolves around undisclosed payments to Qatar as Barclays raised more than 11 billion pounds from the Gulf state and other investors to avert a state bailout as markets roiled in the global credit crisis.