01/03/2019
Collaboration is critical as Mifid II deadline nears
Failure to properly comply, or communicate the ex-post fees to investors effectively before April 2019 could lead to intermediaries losing valuable business
Legal, Regulation & Compliance
01/03/2019
Greenberg Traurig Shortlisted for PERE Global Awards
The European Fund Formation team at global law firm Greenberg Traurig, LLP has been shortlisted for 2018 Law Firm of the Year (Fund Formation), Europe at the PERE Global Awards.
01/03/2019
Romania’s new tax regime jeopardises regional investment
The country’s sudden introduction of unfavourable fiscal terms risks derailing the BRUA pipeline and regional projects that plan to rely on it as an export route
01/02/2019
Ringfencing rules could leave British banks at a disadvantage
Experts say international banks will have advantage when it comes to risk diversification
01/02/2019
The UK Financial Conduct Authority ontinues Investigation of 67 Crypto Companies
It is believed that the regulator considers cryptocurrencies to carry increased investment risks and pose potential threats to financial markets.
01/02/2019
Playboy financial adviser jailed for £4.5m fraud
The fraud involved investing people’s money, pensions and often life savings into what they thought was a safe investment account with interest.
01/02/2019
Poverty, personal debt, profiteering and tax avoidance – The economy in 2018
In 2018, a fifth of Brits remain in poverty
01/02/2019
Gibraltar ordered by EU to recover €100m in illegal tax-breaks
This preferential tax treatment is illegal under EU State aid rules and Gibraltar must now recover the unpaid taxes.
01/02/2019
Wine investment scammer ordered to pay back just £22K
Many of the victims never saw any wine at all and others were fobbed off with lower-quality bottles when they complained.
01/02/2019
Britons to pay €7 fee for 90-day Schengen access post-Brexit
Etias means that travellers from Britain will be treated in the same way as those from the US and Australia if they wish to make a short journey across the Channel.
01/02/2019
The euro is the most dysfunctional currency ever created
In fact, the euro has managed four milestones which most mainstream economists might have previously considered virtually impossible – and the arrival of its third decade is a good moment to pause to record them.
12/28/2018
Bank accused of ‘serious irregularity’ which contributed to Spain’s financial crisis
More than 300,000 investors bought shares for a minimum of €1,000 following a major advertising campaign by Bankia in 2011, assuring customers of its profitability.
12/28/2018
Vatican tribunal hands down first money-laundering verdict
The Vatican cooperated in the investigation after flagging a suspicious transaction in one of Proietti’s Vatican bank accounts in 2013 and seizing 1 million euros.
12/28/2018
Danish Pension Excludes 14 Countries for Human Rights Violations
The 14 countries the pension is excluding from investment are Bahrain, Benin, Burundi, Comoros, Congo, Ethiopia, Iran, Mozambique, Papua New Guinea, Rwanda, Saudi Arabia, Swaziland, Tajikistan, and Thailand.
12/28/2018
Ex Barclays boss John Varley among four of the bank's former executives facing £6bn Qatar corruption trial
It has been claimed the men conspired to illegally lend money to Qatari investors, who then used it to buy Barclays shares that propped up the bank during the financial crisis.
12/28/2018
HMRC announces top 10 prosecutions of 2018
Smugglers, potential arms dealers and globe-trotting tax fugitives all feature in HM Revenue and Customs' top 10 criminal cases of 2018.
12/27/2018
Mounting Pressure on Central Banks
The Swiss government doesn't normally comment central bank policy.
12/23/2018
Beneficial ownership register to be made public by 2023
The U.K. chose the year 2023 because it was the date set by a previous government under David Cameron for the worldwide sharing of beneficial ownership information.
12/21/2018
Reducing barriers to entry into the UK banking sector
In this paper, we evaluate the impact the 2013 review by the FSA and the Bank of England has had on reducing the barriers to entry for firms entering the UK banking sector, and the benefits it has generated for consumers.
12/21/2018
PRA and FCA joint statement on reporting of private securitisations
This statement sets out how the Prudential Regulation Authority and Financial Conduct Authority propose to direct the manner in which firms must make information regarding ‘private’ securitisations available to their UK competent authorities.