02/26/2019
EBA publishes revised Guidelines on outsourcing arrangements
The recommendation on outsourcing to cloud service providers, published in December 2017, has also been integrated into the Guidelines.
Legal, Regulation & Compliance
02/26/2019
Andrew Bailey keynote speech on MiFID II at the European Independent Research Providers Association
Speech by Andrew Bailey, Chief Executive of the FCA, on the Markets in Financial Instruments Directive at the European Independent Research Providers Association.
02/26/2019
BoE, FCA and CFTC joint statement on continuity of derivatives trading and clearing post-Brexit
UK and US authorities are taking measures to ensure the UK’s withdrawal from the EU
02/26/2019
Land banking scam victims urged to contact regulator
Of the £32.8m defrauded, only £2.5m has been returned to the watchdog by the firms involved
02/26/2019
Delivering connected thinking
Overall, the impact of globalisation is fairly poorly understood.
02/26/2019
German authorities seize 50 million euros in ‘Russian Laundromat’ investigation
The Russian laundromat is thought to be the one of the world’s largest money laundering operations.
02/26/2019
Switzerland and Ukraine sign protocol of amendment to double taxation agreement
The protocol implements the minimum standards for double taxation agreements and also adapts the DTA to the current treaty policy of the two states.
02/26/2019
FCA predicts £1bn saving for investors under Mifid
The unbundling of research costs was a component of the Mifid II rules introduced in January 2018
02/26/2019
Morning Coffee: Top trader's revenge on the bank that fired him. Fresh horrors at SocGen
As of last week, he's succeeded in that too: Barclays must now pay Fotheringhame £948k ($1.2m) in compensation for firing him in 2016 at the behest of the New York Department of Financial Services, which alleged that Fotheringhame was a key pla
02/26/2019
EU Demands Belize Remove Harmful Tax Regimes
The Code Group also found that, in general, the Income and Business Tax Act does not impose substance requirements for companies benefiting from the tax exemption.
02/25/2019
FCA statement on onshoring ESMA’s temporary intervention measures
Our proposed interventions are the same in substance as ESMA’s, although we are also proposing to apply our rules to closely substitutable products.
02/25/2019
EMIR Pension Scheme Arrangements clearing exemption
Through introducing amendments to incorporate the temporary EU exemption for Pension Schemes Arrangements, it is the Treasury’s intention that the exemption will apply to both UK and EEA Pension Scheme Arrangements.
02/25/2019
EBA publishes Handbook on valuation for purposes of resolution
The EBA, together with national resolution authorities and the SRB, is currently conducting additional work related to information
02/25/2019
Guardtime, KPMG sign agreement on developing global business platform
Guardtime's KSI blockchain technology is in its essence a mathematically ensured cyber security technology for rapid and immutable identification of modifications in digital data and intelligent devices.
02/25/2019
Trial of former Barcelona president Sandro Rosell kicks off
Rosell and his wife are accused of hiding money illegally obtained by Ricardo Teixeira, the former head of the Brazilian Football Confederation
02/24/2019
Pensions industry welcomes FCA Brexit assurance
Authority’s focus ‘is on continuity and avoiding any disruption to business'
02/24/2019
EU privacy rules retire pension tracing service
The department has suspended the provision of this service pending the receipt of legal advice on the application of the provisions of the GDPR
02/22/2019
EU, Singapore Agree to Mutually Recognise Derivatives Venues
The Commission may pass an equivalence decision to recognise a list of organised markets established in Singapore
02/22/2019
New ECB guidelines extend active monitoring to intraday liquidity – but are banks ready?
Furthermore, the ECB guide adds: “In addition to an adequate quantitative framework for assessing liquidity adequacy, a qualitative framework needs to ensure that liquidity adequacy is actively managed.
02/22/2019
Ending reliance on LIBOR by Megan Butler, FCA
Speech by Megan Butler, Executive Director of Supervision – Investment, Wholesale and Specialists at the FCA, delivered at the Investment Association, London.