08/06/2019
MIFID II – What's Next for Regulation?
And for anyone in doubt as to the breadth of MiFID II – regulations affect nearly every asset and professional occupation within the financial services industry across the European Union.
Legal, Regulation & Compliance
08/06/2019
EBA advice on the implementation of Basel III
The EBA supports the full implementation of the final Basel III standards, which will contribute to the credibility of the EU banking sector and ensure a well-functioning global banking market.
08/06/2019
Austrian court upholds 2.75 mln euro fine against Raiffeisen
The Federal Administrative Court agreed with the FMA that in a small number of isolated cases RBI did not fulfil its legal documentary obligations
08/06/2019
HSBC agrees to 300 million euro settlement of Belgian tax case - prosecutors
The prosecutors also said that the bank had made and committed to a significant overhaul of its practices to counter financial crime risks following the allegations.
08/06/2019
Jersey - Separate Limited Partnerships and Incorporated Limited Partnerships
Following extensive consultation with industry, a demand for two models was identified, which crystallised into two laws being enacted in 2011
08/06/2019
Banking Regulation and the Value of Credit Research
Investment Insights by our experts and thought leaders
08/06/2019
Swiss indict former German soccer officials over World Cup payment
By filing an indictment in the FCC, the OAG can conclude its investigations in a significant case in its football-related proceedings.
08/05/2019
Boris Johnson’s donor Crispin Odey eyes Brexit jackpot with £300m bet against British firms
The firm owned by the multimillionaire hedge fund tycoon, who made millions betting against the pound after the 2016 referendum, has taken out £299m in “short” positions on some of Britain’s biggest firms.
08/05/2019
Plunder in paradise: The 'adviser' behind a Costa scam that has cost expat pensioners £25MILLION – and led one to attempt suicide
Hundreds of people have lost up to £25million as a result of Continental's actions
08/05/2019
Insurance broker Arachas to sell financial advisory arm to Bluechip Financial
Arachas hired AIB Corporate Finance this year to help find a buyer for the financial planning business.
08/05/2019
Poland's €29bn mortgage fiasco gets its day in EU court
A final ruling from the the Luxembourg-based court is expected as soon as next month
08/05/2019
PM announces extra £1.8 billion for NHS frontline services
Prime Minister Boris Johnson has confirmed a new £1.8 billion NHS cash injection to help improve patient care.
08/05/2019
Danske Bank to Exit Russia Amid Money Laundering Scandal
Kornelius said the remaining Moscow-based clients will be supported out of St Petersburg until the lender’s full closure in January next year.
08/05/2019
Market split on BoJo’s fintech factor
Johnson pledged £300m of new funding for Scotland, Wales and Northern Ireland in late July, some of which would be going to the Northern Innovation Hub, which has a focus on emerging technology.
08/05/2019
Carey Olsen advises on £47.6 million sale of IFC 5 in Jersey
The Carey Olsen cross-practice team for the IFC 5 sale was led by partner Alex Ohlsson
08/04/2019
FCA needs formal powers to propose regulatory perimeter changes
The Treasury should undertake research on enabling the FCA to determine whether it should gather data from non-regulated entities.
08/02/2019
Woodford Equity Income 'inadvertently' breaches 10% unquoted stocks limit again
The firm added: "The Financial Conduct Authority's guidance, as for all UCITS limits, is that funds should be brought back into compliance following an inadvertent passive breach in a manner that is in the clients' best interests and within
08/02/2019
Bank of England cuts growth forecasts as Brexit and global worries mount
The BoE’s Monetary Policy Committee (MPC) voted 9-0 to keep rates unchanged at 0.75%, as expected in a Reuters poll of economists, and said rates could move either way, whatever form Brexit takes.
08/02/2019
New anti-fraud checks will stop money being sent to the wrong bank account by mistake
Name checks will soon be automatically carried out when UK bank customers send money to other people, in a bid to halt a rising tide of bank transfer fraud
08/02/2019
FCA will not regulate bitcoin
FCA executive director of strategy and competition Christopher Woolard said: “This is a small, complex and evolving market covering a broad range of activities.”