06/17/2019
Banker Compliance Jobs at Risk as Nordea, Danske Turn to Robots
Nordea, Danske have hired by the hundreds to build compliance
Legal, Regulation & Compliance
06/17/2019
UK launches stock exchange link with Shanghai
Signed in Madrid at the International Organization of Securities Commissions last year
06/17/2019
SMP Group Completes MBO
The deal has been backed by Palatine Private Equity LLP, a UK mid-market private equity house, with additional debt funding from Apera Asset Management.
06/14/2019
Pramerica SGR's Patrizia Bussoli on what the yield curve says about growth
Traditionally, the shape of the US yield curve has been seen as a popular business cycle indicator, and a fall of longer term yields below shorter term yields has historically been considered as a powerful signal of recessions.
06/14/2019
Europol highlights Russian money as biggest laundering threat
The high burden of proof in Europe coupled with “zero cooperation from Russia in providing ... evidence” were exacerbating the problem, Felicio added.
06/14/2019
Monetary Authority of Singapore and UK financial authorities announce collaboration on cyber security
The collaboration will involve MAS and the UK financial authorities identifying effective ways to share information and exploring potential for staff exchanges.
06/14/2019
French real estate company fined €400,000 for GDPR violations
In September 2018, the CNIL conducted an online check, which found that documents sent by the applicants for rentals were freely accessible without prior authentication.
06/14/2019
UK tribunal reverses controversial decision on Jersey companies’ tax residency under central management and control test
The Jersey directors then resigned and the group claimed that UK capital losses could be realised because the residence of the three companies switched to the UK upon the directors’ resignation.
06/14/2019
Herbert Smith Freehills reported to SRA for being ‘aggressive and intimidating’
Speaking to Parliament's Women and Equalities Committee as part of its inquiry into the problems people encounter trying to enforce the Equality Act, Abildgaard testified to the prohibitive cost of bringing an action
06/14/2019
Malta Stock Exchange Updates the Prospects MTF Rules
The DF Group comprises of DF Consultancy Services Limited, which is approved by the Malta Stock Exchange to act as Corporate Advisor to Prospects companies.
06/14/2019
Europol says Russian money is biggest laundering threat
A European Union Agency for Law Enforcement Cooperation high official said that Baltic banks are threatened by money laundering coming from Russia.
06/14/2019
Opus Fund Services Launches European Fund Administration Business in Dublin
The existing team of 15 professionals are based in their Baggot Street offices.
06/14/2019
Asset Management and Investment Funds Group Legal and Regulatory Update - June 2019
The Central Bank has also clarified that the crystallisation and payment of a performance fee by a UCITS upon redemption is not considered an annual calculation for the purposes this requirement.
06/13/2019
ESMA Issues an Additional Five Positive Opinions on National Product Intervention Measures
ESMA’s opinion finds that the proposed measures are justified and proportionate
06/13/2019
Regulatory co-operation between the UK and US: now and in the future by Nausicaa Delfas
BritishAmerican Business and the City of London Corporation have always been important voices when discussing regulatory co-operation and coherence
06/13/2019
‘No-deal' Brexit: European Commission takes stock of preparations ahead of the June European Council (Article 50)
In light of the continued uncertainty in the United Kingdom regarding the ratification of the Withdrawal Agreement – as agreed with the UK government in November 2018 – and the overall domestic political situation, a ‘no-deal' scena
06/13/2019
CYPRUS: Central Bank calls for pro-active culture against external risks
Central Bank governor Constantinos Herodotou argues that Cyprus needs to develop a culture of prevention rather than reaction to external uncertainties and risks that could derail the economy.
06/13/2019
FCA publishes final report in relation to RBS GRG
The Financial Conduct Authority (FCA) has today published the final report on its investigation in to Royal Bank of Scotland’s (RBS) treatment of small and medium-sized enterprise (SME) customers transferred to its Global Restructuring Group (GRG).
06/13/2019
Expats in Cyprus targeted by unlicensed IFAs
Rogue IFAs usually target expats that have just arrived and have no investment experience, offering high-risk investments that they claim is safe.
06/12/2019
Guernsey praised by FBI for tackling financial crime
FBI praises island in fight against financial crimeFBI praises island in fight against financial crime