06/17/2019
UAE enhances cooperation with Cyprus and Belgium
During the meeting, Obaid Al Tayer highlighted the advanced investment and legislative environment of the UAE and its advanced infrastructure as well as macroeconomic stability.
Legal, Regulation & Compliance
06/17/2019
Fury at Bank of England chief Mark Carney's £150k pension perk worth nearly a third of his annual salary - far above the level deemed acceptable
Carney's £149,545 payment amounted to 31.2% of his £480,000 basic salary
06/17/2019
Italian pension fund ENPAB's CIO Danilo Pone sees regulation as key driver to ESG ETFs
"These rules will increase the information obligations of ETFs on the one hand, and on the other the involvement or engagement of investors in a company's life".
06/17/2019
AfDB Grants Ireland Membership Status
The Boards of the AfDB and AfDF, referred to as the “Bank Group”, encouraged the speedy conclusion of all processes towards the admission of Ireland.
06/17/2019
Bank to hold rates steady as growth falters
Ben Broadbent, deputy governor for monetary policy, and fellow MPC member Michael Saunders, told MPs on the Treasury Select Committee that financial markets are not pencilling in rate hikes soon enough.
06/17/2019
Russia's central bank mulls launching its own digital currency
"If national currency that works in the entire country is concerned, this does not refer to any private assets, and certainly this requires a technology that would ensure reliability and uninterrupted operations.
06/17/2019
Banks face new challenges in Italian diamond scandal
In a new development, officials from UniCredit and Banco BPM are also suspected of corruption because broker Intermarket Diamond Business (IDB) invested some of its profits from the diamond sales in the banks' shares, according to evidence gathered b
06/17/2019
Credit Suisse sues UK to claw back banker bonus tax payments
Zurich-based bank seeks £239m bank payroll levy it paid after the financial crisis
06/17/2019
UK Trying to Settle £1.25b Claim by Bank Mellat
Bank Mellat is 80% privately owned, with the Iranian government holding a 20% stake.
06/17/2019
FCA mulls fee cap for CMCs
Under these rules, the regulator can also restrict charges for other type of claims.
06/17/2019
Banker Compliance Jobs at Risk as Nordea, Danske Turn to Robots
Nordea, Danske have hired by the hundreds to build 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.