03/29/2019
Austria: Comprehensive CFC regime introduced
The CFC rules, which apply for tax periods beginning after 31 December 2018, implement articles 7 and 8 of the ATAD.
Legal, Regulation & Compliance
03/29/2019
HM Revenue & Customs publish no-deal Brexit withholding tax guidance
Under UK law, there is no obligation to withhold tax on dividends.
03/28/2019
Denmark to bolster financial regulator after Danske scandal
The bank is under investigation in the United States, Denmark, Estonia, France and Britain.
03/28/2019
Former banker convicted in SFO’s EURIBOR manipulation case
Former Manager of the Liquidity Management Portfolio at Barclays Bank, Sisse Bohart, was acquitted.
03/28/2019
EIOPA analyses licencing approaches to InsurTech
At this stage – also reflecting EIOPA's overall stance of technological neutrality and support for establishing a level playing field for all market participants – there seems to be no need for further regulatory steps on licensing.
03/28/2019
EIOPA calls for principle based regulation of cloud computing
In the European financial regulatory landscape, the purchase of cloud computing services falls within the broader scope of outsourcing.
03/28/2019
FCA fines Goldman Sachs £34.3m for Mifid breaches
Accurate and complete transaction reporting helps underwrite market integrity and supervise firms and markets. In particular, transaction reports help the FCA identify potential instances of market abuse and combat financial crime.
03/28/2019
SFTR: Your Regulatory Obligations
Achieve your securities financing reporting objectives with a leading end-to-end solution.
03/28/2019
Infosys Buys ABN Amro’s Mortgage Services Unit Stater For €127.5 Million
“It brings together our complementary capabilities to enhance the value we offer to our financial services clients.”
03/28/2019
European Parliament report on financial crimes, tax evasion and tax avoidance
Conclusions from the special committee established to step up fight against tax crimes at EU and global level
03/28/2019
Increased Interest by High Net Worth Individuals of South Africa for the Cypriot Citizenship by Investment Program
Cyprus, the third largest island in the Mediterranean, member state of the EU since 2004 and a member of the Eurozone since 2008, is a business hub, a welcoming environment and a very popular tourist destination.
03/28/2019
Central banking and banking supervision in today’s financial markets by Pentti
Speech by Pentti Hakkarainen, Member of the Supervisory Board of the ECB, at Sveriges Riksbank, Stockholm, 27 March 2019
03/28/2019
Arbuthnot lays out plans to ensure EU payments post Brexit
The London-based lender also said it may no longer be able to provide financial advice to citizens in the EU after Britain's exit.
03/28/2019
International spillovers of monetary policy and financial stability concerns by Luis de Guindo
Speech by Luis de Guindos, Vice-President of the ECB, at The ECB and Its Watchers XX conference, Frankfurt am Main, 27 March 2019
03/28/2019
Cross-border banking since the crisis – lessons for supervisors by Sabine Lautenschläger
Statement by Sabine Lautenschläger, Member of the Executive Board of the ECB, at the 10 Years Vienna Initiative - Anniversary Conference 2019, in Vienna, Austria, 27 March 2019
03/28/2019
Co-op Bank left 'defenceless' by regulator in ill-fated merger
Britain's City watchdog approved an ill-fated 2009 tie-up with the Britannia despite knowing of "vulnerabilities", a report finds.
03/27/2019
City Financial enters administration
City Financial will update direct investors and intermediaries in writing over the coming weeks.
03/27/2019
RSM's Weekly Tax Brief
The legislation is fairly brief and HMRC did issue some guidance in early 2018.
03/27/2019
EU Copyright Directive: A dark day for internet freedom?
Under article 13, sites would be found directly liable for copyright infringement if infringing content uploaded by a user is found to be on it.
03/27/2019
European Parliament report accuses seven countries, including Cyprus, of acting as tax havens
Lawmakers said EU states should “phase out” as soon as possible all existing schemes to market citizenship and residency permits to wealthy foreigners. Currently 20 of the 28 EU states run these programmes.