04/30/2019
Danske Bank cuts view, reveals tons of lawsuits
The Estonia case continues to require considerable management attention, including the ongoing investigations and our efforts to restore trust in us.
Legal, Regulation & Compliance
04/29/2019
RBS Probes Coutts and ABN Amro Payments for Russian Money Laundering
“RBS is investigating these reports, and in particular whether the relevant business unit of ABN Amro was part of the business acquired by RBS in 2007,” the banking group said in the Q1 results, which also cited income growth uncertainty linke
04/29/2019
Money laundering officer talks of huge emotional strain caused by 16-month long criminal investigation
Mr Still said after this morning’s proceedings that the 16-month investigation and build-up to the trial had naturally led to a huge amount of psychological and emotional strain for him, his family, and colleagues, the likes of which they never expe
04/29/2019
Scott+Scott Expands International Footprint
Scott+Scott has been a trusted partner to Michelin for many years and we know the quality, experience and integrity that they bring to private enforcement cases, said Jerome Cloarec, Head of Global Antitrust for Michelin Group.
04/29/2019
Guernsey Green Finance keen to develop green insurance
Mike Johns, Chairman of GIIA, said: “We do not believe that policyholders should be exposed to unnecessary risk so that the insurer may pursue green and sustainable initiatives.
04/29/2019
Mortgage prisoners put pressure on FCA and Treasury
These consumers are predominantly borrowers who took out a mortgage before the financial crisis but are now blocked from switching to better rates due to changes in lending practices.
04/28/2019
FCA statement on delay to publication of final rules for CFDs products and CFD-like options
Firms that sell, market, or distribute CFD-like options would be given at least two months to comply with our new rules.
04/28/2019
Crown Dependencies release joint guidance on economic substance legislation
This guidance substantially builds on the initial key aspects guidance issued by the Crown Dependencies, which was updated on 21 December 2018.
04/27/2019
Qatar, UK sign several deals in London
Under the agreement, Innovate Finance renews its commitment to supporting the development of the FinTech ecosystem in Qatar, as well as the approval of QDB’s membership of the Financial Conduct Authoritys (FCA) Global Financial Innovation Network (G
04/26/2019
Allen & Overy named a top employer for women in the UK
The list is produced in partnership with Business in the Community and recognises UK employers that are making gender equality a key part of their business strategy
04/26/2019
Swedbank admits money laundering flaws, faces multiple U.S. probes
Swedbank has found itself caught up in a regional money laundering scandal originating with Danske Bank
04/26/2019
Repo rate left unchanged in Sweden
Swedish economic growth was "unexpectedly rapid" in the last quarter of 2018, the bank aknowledges, including a high rate of employment and good economic prospects forecast.
04/26/2019
Alliance Trust plans to increase female board representation
Simplification, diversity and ethical investment were key themes at finance giant Alliance Trust’s annual general meeting held in Dundee yesterday.
04/26/2019
GAM under fresh criticism over pay policies despite overhaul
Institutional Shareholder Services voicing new concerns
04/25/2019
Ex-UBS Official Shared Giant Champagne Bottles at Trader’s Club
Choucair, Abdel-Malek on trial for insider trading in London
04/25/2019
Auditors on collapsed firm London Capital & Finance questioned
The UK watchdog is facing fresh questions over its handling of London Capital & Finance after it emerged that it authorised the investment firm even though it was linked to a company that the watchdog had already censured, The Times reports.
04/25/2019
Glasgow man Richard Cusick jailed for £190K tax fraud
Instead of coming clean and admitting the fraud, Cusick submitted more false repayment claims.
04/25/2019
Luxembourg Securitisation market feels impact of ATAD 1 Interest Limitation Rule
In a nutshell, the rule means that securitisation vehicles (SVs) with a main source of income through capital gains, non-performing loans and so on, may not be able to achieve tax neutrality which is a standard for all such vehicles.
04/24/2019
Europe 2020: UK National Reform Programme
This collection contains details of the UK's annual structural reform plans as part of the Europe 2020 strategy for sustainable economic growth.
04/24/2019
‘No Money,’ ‘No Motive:’ Case Against Ex-UBS Officer Called Weak
Choucair lawyer says that his client wasn’t target of FCA