03/25/2019
Norway’s FSA finds gaps in banks’ anti-money laundering measures
FSA criticized DNB, Norway’s largest bank, for not having sufficient systems
Legal, Regulation & Compliance
03/24/2019
A New Horizon by Mark Carney
In pursuit of that New Horizon, let me briefly discuss progress and prospects in three critical areas - reporting, risk and return.
03/24/2019
Angola Says It Recovers $3.35 Billion of Assets From Quantum
It included about $2.35 billion of financial assets held in U.K. and Mauritius banks, and $1 billion of real estate holdings in hotels, gold mines, farms and resorts in the country and abroad, it said.
03/22/2019
A new horizon - speech by Mark Carney
European Commission High-Level Conference: A global approach to Sustainable Finance, Brussels
03/22/2019
Gibraltar chief says UK must revoke Article 50 to 'take back control'
If MPs do not support the withdrawal agreement then parliament has already said no deal should be taken off the table.
03/22/2019
UK to encourage Crown Dependencies to introduce public registers voluntarily
"The Crown Dependencies have confirmed they will develop public registers of company beneficial ownership once it has been established as a global norm.
03/22/2019
Spain and UK sign tax agreement on Gibraltar
The new agreement should help potentially affected taxpayers, such as cross-border workers and businesses with interests in both territories, structure their affairs and regularize their positions going forward.
03/22/2019
Brexit and beyond by Nausicaa Delfas
Speech delivered by Nausicaa Delfas, Executive Director of International at the FCA, at City and Financial, 4th UK Financial Services Brexit Summit.
03/22/2019
FCA to introduce UK Benchmarks Register
The new UK Benchmarks Register will include benchmark administrators and third-country benchmarks.
03/22/2019
Activities requiring Data Protection Impact Assessment under Luxembourg law
The list put forward by the CNPD does not consist of a comprehensive list of processing operations outside of which a DPIA would not be necessary
03/22/2019
In Your Court: Offshore Dispute Resolution Review - March 2019
The jurisdiction has a reputation for dealing with complex financial services and commercial litigation based on the relevance of its legislation, the reliability of its court system, and the experience of the professionals who work here.
03/21/2019
ESMA publishes no-deal Brexit share trading plans
Applying the same approach as ESMA to the scope of the UK STO would, based on current trading data, mean there would be a large degree of overlap between the UK and EU obligations.
03/21/2019
Global banks shrink capital shortfalls under Basel rules
After heavy industry lobbying, those rules were reworked in January
03/21/2019
Fugitive Indian jeweller Nirav Modi arrested in London
The fugitive jeweller, whose elaborate diamond pieces have been worn by stars of Bollywood and Hollywood, was taken into custody in central London on Tuesday after attempting to open a bank account.
03/21/2019
Romanian government plans to lower bank tax after criticism
The tax is progressive, applying to all financial assets if three- and six-month money market rates exceed 2 percent.
03/21/2019
PRA and FCA agree Memorandum of Understanding with EBA
The Prudential Regulation Authority, Financial Conduct Authority and European Banking Authority are announcing today that they have agreed a template Memorandum of Understanding.
03/21/2019
Fund managers turn up heat on UK companies over diversity, pensions, audit
Among the companies making up the IA’s Corporate Governance and Engagement Committee are Britain’s biggest asset manager Legal & General Investment Management, part of insurer Legal & General, and Schroders.
03/21/2019
Liberty confirms new headquarters in Luxembourg ahead of Brexit
The Luxembourg-based company will be led by Dirk Billemon, LMIE’s General Manager.
03/21/2019
Why asset managers may have trimmed more than their waistlines this January
Now that the dust is settling they are in prime position to start making some changes.
03/20/2019
FEIFA reports membership growth of 10% since start of 2019
FEIFA is a non-profit trade association that supports and assists English-speaking advisers and advisory firms across Europe.