06/19/2019
EU Says Dominica is Tax Compliant
In recent months, tax advisories such as EY and Smith & Williamson noted that Dominica's CBI Programme is not a risk to tax reporting either.
Legal, Regulation & Compliance
06/19/2019
FCA warns of further crackdown over DB transfers
The regulator started its work by asking advice firms with DB transfer permissions to return data about their business activity.
06/19/2019
Swansea IFA suspended by FCA
Members of the BSPS were asked to decide what to do with their pensions as part of a restructuring process in 2017.
06/18/2019
Over a third of British expats in Ireland ready to hand back UK passports
Over half of the British citizens living outside of the UK surveyed are worried about their citizenship rights as an expat (53%), and half (50%) are concerned about their citizenship rights in commonwealth countries due to Brexit, which may be a trigger f
06/18/2019
Bank warns of risk management issues at challenger banks
In the assessment, the bank found that many new lenders were "overly optimistic" about the impact such a stress scenario would have on their business.
06/18/2019
DWS sells global hedge fund business to Alma Capital
The transaction is expected to be completed in the second half of this year.
06/18/2019
FSB publishes compensation progress report
Authorities remain focused on compensation practices, with many now incorporating assessment of compensation practice as part of ongoing supervisory review processes.
06/18/2019
FCA writes to wealth managers over fraud concerns
The regulator says supervision began in April and will cover a two-year period focusing in on market abuse issues and further concerns around meeting Mifid II disclosure requirements.
06/18/2019
Italy strengthens the non-dom regime by implementing new tax measures dedicated to retirees
Retirees Regime status renews automatically year by year, until the 6-year term expires.
06/18/2019
Fraud activity rising 'inexorably'
In data collated from more than 470 organisations, Cifas reported an overall increase of 6 per cent in cases of fraud recorded by its members last year when compared with 2017.
06/17/2019
UAE enhances cooperation with Cyprus and Belgium
During the meeting, Obaid Al Tayer highlighted the advanced investment and legislative environment of the UAE and its advanced infrastructure as well as macroeconomic stability.
06/17/2019
Fury at Bank of England chief Mark Carney's £150k pension perk worth nearly a third of his annual salary - far above the level deemed acceptable
Carney's £149,545 payment amounted to 31.2% of his £480,000 basic salary
06/17/2019
Italian pension fund ENPAB's CIO Danilo Pone sees regulation as key driver to ESG ETFs
"These rules will increase the information obligations of ETFs on the one hand, and on the other the involvement or engagement of investors in a company's life".
06/17/2019
AfDB Grants Ireland Membership Status
The Boards of the AfDB and AfDF, referred to as the “Bank Group”, encouraged the speedy conclusion of all processes towards the admission of Ireland.
06/17/2019
Bank to hold rates steady as growth falters
Ben Broadbent, deputy governor for monetary policy, and fellow MPC member Michael Saunders, told MPs on the Treasury Select Committee that financial markets are not pencilling in rate hikes soon enough.
06/17/2019
Russia's central bank mulls launching its own digital currency
"If national currency that works in the entire country is concerned, this does not refer to any private assets, and certainly this requires a technology that would ensure reliability and uninterrupted operations.
06/17/2019
Banks face new challenges in Italian diamond scandal
In a new development, officials from UniCredit and Banco BPM are also suspected of corruption because broker Intermarket Diamond Business (IDB) invested some of its profits from the diamond sales in the banks' shares, according to evidence gathered b
06/17/2019
Credit Suisse sues UK to claw back banker bonus tax payments
Zurich-based bank seeks £239m bank payroll levy it paid after the financial crisis
06/17/2019
UK Trying to Settle £1.25b Claim by Bank Mellat
Bank Mellat is 80% privately owned, with the Iranian government holding a 20% stake.
06/17/2019
FCA mulls fee cap for CMCs
Under these rules, the regulator can also restrict charges for other type of claims.