08/06/2019
Banking Regulation and the Value of Credit Research
Investment Insights by our experts and thought leaders
Legal, Regulation & Compliance
08/06/2019
Swiss indict former German soccer officials over World Cup payment
By filing an indictment in the FCC, the OAG can conclude its investigations in a significant case in its football-related proceedings.
08/05/2019
Boris Johnson’s donor Crispin Odey eyes Brexit jackpot with £300m bet against British firms
The firm owned by the multimillionaire hedge fund tycoon, who made millions betting against the pound after the 2016 referendum, has taken out £299m in “short” positions on some of Britain’s biggest firms.
08/05/2019
Plunder in paradise: The 'adviser' behind a Costa scam that has cost expat pensioners £25MILLION – and led one to attempt suicide
Hundreds of people have lost up to £25million as a result of Continental's actions
08/05/2019
Insurance broker Arachas to sell financial advisory arm to Bluechip Financial
Arachas hired AIB Corporate Finance this year to help find a buyer for the financial planning business.
08/05/2019
Poland's €29bn mortgage fiasco gets its day in EU court
A final ruling from the the Luxembourg-based court is expected as soon as next month
08/05/2019
PM announces extra £1.8 billion for NHS frontline services
Prime Minister Boris Johnson has confirmed a new £1.8 billion NHS cash injection to help improve patient care.
08/05/2019
Danske Bank to Exit Russia Amid Money Laundering Scandal
Kornelius said the remaining Moscow-based clients will be supported out of St Petersburg until the lender’s full closure in January next year.
08/05/2019
Market split on BoJo’s fintech factor
Johnson pledged £300m of new funding for Scotland, Wales and Northern Ireland in late July, some of which would be going to the Northern Innovation Hub, which has a focus on emerging technology.
08/05/2019
Carey Olsen advises on £47.6 million sale of IFC 5 in Jersey
The Carey Olsen cross-practice team for the IFC 5 sale was led by partner Alex Ohlsson
08/04/2019
FCA needs formal powers to propose regulatory perimeter changes
The Treasury should undertake research on enabling the FCA to determine whether it should gather data from non-regulated entities.
08/02/2019
Woodford Equity Income 'inadvertently' breaches 10% unquoted stocks limit again
The firm added: "The Financial Conduct Authority's guidance, as for all UCITS limits, is that funds should be brought back into compliance following an inadvertent passive breach in a manner that is in the clients' best interests and within
08/02/2019
Bank of England cuts growth forecasts as Brexit and global worries mount
The BoE’s Monetary Policy Committee (MPC) voted 9-0 to keep rates unchanged at 0.75%, as expected in a Reuters poll of economists, and said rates could move either way, whatever form Brexit takes.
08/02/2019
New anti-fraud checks will stop money being sent to the wrong bank account by mistake
Name checks will soon be automatically carried out when UK bank customers send money to other people, in a bid to halt a rising tide of bank transfer fraud
08/02/2019
FCA will not regulate bitcoin
FCA executive director of strategy and competition Christopher Woolard said: “This is a small, complex and evolving market covering a broad range of activities.”
08/02/2019
KPMG U.K. Fines Top $16 Million in 2019 Amid Industry Crackdown
The fine brings the total amount of U.K. penalties the accounting firm has faced in 2019 to at least 13.5 million pounds amid widespread criticism of the industry.
08/02/2019
Leading offshore law firm shortlisted as ‘Law Firm of the Year’
The Citywealth IFC awards aim to highlight the excellence of advisers and managers in the private wealth sector in major international financial centres.
08/02/2019
Senior Managers and Certification Regime: solo-regulated firms
This extension affects almost every solo-regulated firm, from very small firms (including sole traders and limited permission consumer credit firms) to some of the largest global firms.
08/02/2019
FRC fines rocket 276% to £42.9m in 2018/19
The Review sets out the robust and proportionate Enforcement action taken in the past year
08/02/2019
Market conduct and transaction reporting issues
What proactive steps do you take as a firm to identify the conduct risks inherent within your business?