01/21/2019
The once brightest and best need to wise up and listen
A chill has descended on international commerce that Davos will not easily shrug off
Legal, Regulation & Compliance
01/21/2019
IOSCO statement on disclosure of ESG matters by issuers
The statement does not supersede existing laws, regulations, guidance or standards or relevant regulatory or supervisory frameworks in specific jurisdictions, or any IOSCO Principles1
01/21/2019
Fraudster jailed for 8 years over £2.4m carbon credit con
Victims of Harman Royce would receive telephone calls from ‘brokers’ of the company, who, often using fake names, would persuade them to invest in voluntary emission reductions (VERs); a type of carbon credit.
01/21/2019
Lighthouse exits master trust market
Lighthouse says Smart is expected to submit its application to TPR imminently.
01/20/2019
So, HSBC, where’s our compensation?
The ombudsman ordered the bank to pay up after a mortgage fiasco — but it did not
01/18/2019
ECB concerned by reports Spanish bank BBVA hired firm to spy in 2004: sources
The source said the ECB would not be able to take any action because the officials in charge at the
01/18/2019
Italy's Carige could get green light for state-backed bond issue soon: minister
The move marked a major about-face by Italy’s ruling coalition, which has criticized previous governments for intervening to help troubled banks.
01/18/2019
Royal Bank of Scotland outlines plan to reduce taxpayer stake
Shareholders in the bank will vote on the special resolution on February 6.
01/18/2019
Germany steps up work on potential Deutsche-Commerzbank tie-up
Finance ministry asks for regulator’s analysis of a merger between major lenders
01/18/2019
New EU rules electrify fixed income trading volumes: survey
Credit volumes on electronic platforms jumped 39 percent to $4 billion over the same period, it found.
01/18/2019
Lloyds secures Berlin bank licence as part of Brexit preparations - source
With only 71 days to go until the planned March 29 departure, Britain’s banks are forging ahead with plans to ensure they can keep serving customers in the EU
01/18/2019
2019 Financial Services Policy Outlook
Chairwoman Waters sees it as her mission “[t]o bring accountability to the Trump administration and the regulatory agencies under the Committee’s jurisdiction, including the Consumer Financial Protection Bureau” (CFPB).
01/18/2019
A supervisory perspective on 2019 and beyond
When Brexit happens it will bring considerable changes for banks, markets and supervisors in more ways than one.
01/18/2019
New compliance facility introduced for diverted profits tax
Guidance has been issued on how to use the facility
01/18/2019
Seven awkward questions
This is entirely appropriate, but is not the same as saying we should have a weak prudential regime for smaller firms
01/18/2019
IOSCO issues good practices to assist audit committees in supporting audit quality
The good practices report can assist audit committees in considering ways in which they may be able to promote and support audit quality.
01/17/2019
Product governance rules high on UK regulator’s agenda
The FCA’s focus around Mifid II in 2018 was on cost and charges
01/17/2019
ECB tightens conduct rules for policymakers and bank watchdogs
Policymakers will not be allowed to make market-sensitive remarks at closed-door events unless their speeches are published in real time or if the event is covered by the media.
01/17/2019
Fraudster's advice firm declared in default
An investigation by the City of London Police's Fraud Squad found that between 2005 and 2017, 49-year-old David had been running a Ponzi scheme through HBFS.
01/17/2019
ESMA Reports on Accepted Market Practices Under Mar
The report includes ESMA’s views on the application of AMPs together with recommendations to National Competent Authorities.