06/26/2019
US regulators ask Deutsche Bank to clarify its "bad bank" proposal
The overhaul would also include shrinking or shutting equity and rates trading businesses outside of Europe, a source told Reuters.
Legal, Regulation & Compliance
06/26/2019
Munich Re partners with GIC to help insurers recover quickly after major catastrophes
Munich Re’s analytics solution can processes GIC’s advanced aerial imagery with machine learning models to help both before and after a hurricane.
06/26/2019
Bank of England to open balance sheet to new payment providers
Carney, during a speech at the Lord Mayor’s Banquet for Bankers and Merchants in London, said that competitors will get access to the same resources as incumbents and at the same time will hold the same risks to the same standards.
06/26/2019
European Authorities Arrest 6 for €24m Bitcoin Theft, Money Laundering
The individuals stole bitcoins from at least 4,000 people by spoofing the website of a legitimate cryptocurrency exchange and gaining access to the crypto-wallets of its users who believed they were on logging into their accounts, they said.
06/26/2019
Ogier Global acts on purchase of Crewe Toll
Ogier Global have recent experience with a number of major real estate transactions for Korean investors and have developed a comprehensive understanding of Korean structuring requirements.
06/26/2019
Ex-UBS compliance officer found guilty of insider trading
Jury finds Fabiana Abdel-Malek and Walid Choucair guilty on three charges; deliberations continue on two other charges
06/26/2019
'Perfect storm' blamed for scandals like London Capital Finance
Randell defended the FCA’s record
06/25/2019
Obligatory registration of UBO’s in the Netherlands from 2020: an overview of the proposal
The data will be centralised in a ‘UBO register.
06/25/2019
Money laundering and terrorist financing controls in overseas jurisdictions – advisory notice
The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs 2017) require the UK regulated sector to apply enhanced customer due diligence to high-risk countries.
06/25/2019
Joint statement on opportunistic strategies in the credit derivatives markets
These opportunistic strategies raise various issues under securities, derivatives, conduct and antifraud laws, as well as public policy concerns.
06/25/2019
FATF 'will not allow cryptocurrency to replace secret numbered accounts'
Finance ministers and Central Bank Governors at the G20 meeting in Japan welcomed the FATF's guidance, which they had themselves demanded last year.
06/25/2019
Malta to Register All Property Rental Contracts on Blockchain
Malta has established itself as a blockchain and digital currency-friendly country, and has become known as a “blockchain island.”
06/25/2019
The Crown Estate annual reports and accounts
This collection brings together The Crown Estate’s main annual reports and accounts since integrated reporting was introducing in 2012-13.
06/25/2019
Ex-Morgan Stanley Banker Wins $1.6 Million Bonus in Lawsuit
He now heads investment banking in France for Bank of America
06/25/2019
Financial industry welcomes public registers move by Guernsey but Westminster wants more
The transition should not bring any disruption to the financial sector operating in the jurisdiction.
06/25/2019
Investment Bank Chief Garth Ritchie Defies Gravity at Deutsche Bank
Division has lost one-third of revenue under his leadership
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.