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
Legal, Regulation & Compliance
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.
01/17/2019
Protocol amending the Convention for the Elimination of Double Taxation between Cyprus and the United Kingdom
This latest amendment of the Protocol created a framework that facilitates economic cooperation, fiscal stability and transparency in the relations of the two countries.
01/17/2019
CSDR: Preparing for a New Settlement Regimen
CSDR aims to improve the functioning and stability of financial markets in the European Union
01/17/2019
UK financial services regulator to link top banker bonuses to IT performance
FCA head tells Commons Treasury committee: “We expect banks’ policies on variable remuneration to reflect operational resilience. They have to – if they don’t, we will act.”
01/17/2019
Fieldfisher launches specialist law firm
Claire Cummings, Managing Partner at Cummings Fisher, said: "This is an exciting, innovative move as we continue to evolve to meet the fast-changing needs of legal service users.
01/17/2019
Mourant advises Triton on buyout fund
The Triton funds invest in and support the positive development of medium-sized businesses headquartered in Europe.
01/17/2019
Court of Appeal puts the record straight: A new test for rectification of trusts in Jersey
The representation was opposed by other beneficiaries of the Trust, B and C.
01/17/2019
Financial Conduct Authority opens notifications for temporary permissions regime in case of no-deal Brexit
The Treasury is putting in place a statutory instruments' framework, which will regulate the temporary permissions regime.
01/17/2019
Investment firm takes fund manager battle to Luxembourg court
Sicav manager looks to unravel mystery of high redemptions before Columna Fund was suspended