12/02/2018
Europe bank authorities recognize Vatican reform with own country code
The Vatican and the Board of European Payments Council announced that the EPC had accepted the Vatican’s application to join the Single Euro Payments Area.
Legal, Regulation & Compliance
12/02/2018
Deutsche Bank chief dismisses takeover speculation
Sewing’s remarks followed the two-day raid as part of an investigation linked to the so-called Panama Papers leak of documents about offshore finance.
11/30/2018
EU Withdrawal Impact Assessment
The UK and EU would become third countries from the other’s perspective, which means passporting rights would cease to apply.
11/30/2018
Consultation Response: A Global Standard to Modernise UK Payments, ISO 20022
Both the Bank and Pay.UK recognise the importance of continuing to work together to deliver the best outcome for users of payment systems.
11/30/2018
ESAs propose to amend bilateral margin requirements
The draft RTS propose, in the context of the United Kingdom's (UK) withdrawal from the European Union (EU), to introduce a limited exemption in order to facilitate the novation of certain OTC derivative contracts to EU counterparties during a specifi
11/30/2018
For Deutsche Bank Bonus, Raid Is ‘Nightmare With Eyes Wide Open’
Such news has tended to fall particularly hard on staff at the Frankfurt-based lender.
11/30/2018
Latvia: police arrests 11 in money laundering charges
Tightened measures are also being issued on two legal entities in links to the investigation.
11/29/2018
Multi-family offices failing to meet Mifid II deadlines
Many believed that the regulation was not directly relevant to them, believing Mifid II would only impact much larger financial institutions.
11/29/2018
France and Germany Cut Bankers Some Brexit Slack
In a cliff-edge exit from the EU, some British industries are getting parachutes.
11/29/2018
FCA warns landlords to check insurance policy
Larksway has failed to comply with the Fos award, despite repeated requests by the Fos and the authority that it do so."
11/29/2018
Important draft guidelines issued on GDPR's extra-territoriality
The guidelines are in draft form and are subject to consultation but they help clarify key questions regarding the application of the GDPR.
11/29/2018
FCA Final Approach to Authorisation
The Approach to Authorisation and feedback statement, published today, explain the purpose of authorisation and our approach.
11/29/2018
DExEU policy paper on EU Exit
The deal the Government has struck takes into account the interests of every side of the debate, and it is the only deal that delivers for the whole of the UK. It is a deal to bring the country back together.
11/29/2018
European Commission reports on progress in risk reduction in the Banking Union
Commission reports on progress in risk reduction in the Banking Union and calls for faster progress on Capital Markets Union ahead of EU Leaders' meetings
11/29/2018
EU Council and EU Commission letter on upcoming G20 Summit
Implementation of the reforms is not complete and it remains uneven.
11/29/2018
Europe | ePrivacy Regulation update
With the ePrivacy Regulation originally targeted to be in force at the same time as the GDPR (25 May 2018), many had started to wonder whether the Member States represented on the Council would be able to resolve their differences in time for this legisla
11/29/2018
ICO’s first enforcement action under the GDPR
The significance of this enforcement is threefold.
11/29/2018
Vistra Cyprus Acquires Licence for Cypriot Investment Programme
Vistra Cyprus, being recently awarded the required licensed certificate, with registration number CIP 448, is now permitted to make such submissions
11/29/2018
Deutsche Bank investigated over Panama Papers
Fallout hits German bank more than two years after Mossack Fonseca scandal broke
11/29/2018
Deutsche Bank's Frankfurt Headquarters Raided in Money Laundering Probe
Frankfurt headquarters as part of an ongoing probe into money laundering that has implicated several European banks over the past year.