06/25/2019
Investment Bank Chief Garth Ritchie Defies Gravity at Deutsche Bank
Division has lost one-third of revenue under his leadership
Legal, Regulation & Compliance
06/25/2019
Consumer Panel research makes case for automatic upgrades
The recent super-complaint from Citizens Advice raised concerns about long term customers paying more for goods and services, which it referred to as ‘the loyalty penalty’.
06/24/2019
Luxembourg-Based Fund Maor Closes First Israel-Focused Fund
Maor’s mission is to explore and invest in the leading technology ecosystem of Israel while bridging the gap between Europe and Israel.
06/24/2019
U.S. regulators ask Deutsche Bank to explain 'bad bank' proposal - FT
Reuters reported earlier this month that Deutsche Bank was planning to overhaul its trading operations by creating a so-called “bad bank” to hold tens of billions of euros of non-core assets.
06/24/2019
Central Bankers From Britain, France And Germany Want Scrutiny on Facebook For Libra Cryptocurrency
Global central bankers have so far largely refrained from regulating digital currencies, having failed last year to reach an agreement on how to do so and concluding they were too small to pose a risk to the financial system.
06/24/2019
Regulator gave banker key role in RBS scandal inquiry
In what a victims’ representative called the “blind leading the blind”, Rene Poisson, a former JP Morgan managing director, was hired as a third-party consultant by the City regulator to help to oversee an inquiry into the treatment of s
06/24/2019
Lloyds freezes 8,000 offshore Jersey accounts in dirty money push
UK lender spent three years asking clients for personal information under new rules
06/24/2019
Dentons launches Sustainable Investment practice in Europe
The group will also advise on the use of sustainable finance instruments and fund structures – such as green bonds, which make financing contingent on achieving certain environmental goals, or pay-for-success instruments, which are used to fund proj
06/24/2019
Big tech in finance: opportunities and risks
The role of big techs in finance raises issues that go beyond traditional financial risks, according to the BIS.
06/24/2019
Two jailed in £6.2m boiler room fraud
The fraud squad at City of London Police began an investigation into Bric Global in November 2012 after more than 10 reports made to its fraud reporting centre, Action Fraud.
06/24/2019
Asset managers step up on cost transparency
The company has now added six to this list, bringing the total of exceptional managers to 10.
06/23/2019
Overcoming macroprudential inertia by Martin Taylor
5th Annual Macroprudential Conference, Frankfurt
06/23/2019
IOSCO examines liquidity in corporate bond markets under stressed conditions
The report seeks to increase understanding of how stressed conditions may affect both bond and other financial markets and the financial system more broadly.
06/23/2019
Global Financial Markets Regulatory Review - June 2019 Edition
The discussion paper outlines APRA’s proposals with respect to a number of areas including asset classification and provisioning, credit standards and credit risk management.
06/21/2019
Deutsche Bank woes mount with US money laundering probe
The German bank, which has struggled to revive its fortunes following past misconduct, is facing further scrutiny as the FBI examines a range of potential anti-money laundering lapses following a complaint by a whistleblower.
06/21/2019
Copernico SIM to distribute GSAM Ucits funds in Italy
This agreement will enable us to improve once again the possibilities of diversification and the efficiency of our clients portfolios."
06/21/2019
What is Prod?
Graeme Jones, regulatory policy and technical consultant at Bankhall points out that prior to Prod, the Financial Conduct Authority already provided guidance to firms in the form of the Responsibilities of Providers and Distributors sourcebook.
06/21/2019
How advisers are segmenting clients
With the Senior Managers and Certification Regime only months away, it is more important than ever for advisers and their businesses to recognise and understand the importance of segmentation and ensure it is done right.
06/21/2019
Speech by Mark Carney
Enable, empower, ensure: a new finance for the new economy
06/21/2019
The Investment Limited Partnership
The Irish Government has published a draft Bill to amend the existing Investment Limited Partnership law.