10/12/2018
Global Financial Markets Regulatory Review
Reported items include proposed legislation, rule changes, disciplinary actions, litigation, and other news.
Legal, Regulation & Compliance
10/12/2018
Committee sets out expectations for Bank of England and FCA’s Brexit analysis
The Committee asked the three organisations to publish their analyses in good time before Parliament comes to vote on the Brexit deal.
10/12/2018
Basel AML Index reveals slow progress in combating money laundering
The findings tie into recent high-profile probes involving countries generally considered low-risk.
10/12/2018
Tax, Fiduciary and Philanthropic Requirements in 60 Countries - RESEARCH
A similar report was first produced by the two organizations in 2015.
10/12/2018
Court in France denies UBS bid to drop money laundering charge
After seven years of investigation and aborted settlement talks, UBS will also answer charges that it illegally solicited clients in France
10/12/2018
MOF publishes first draft of Brexit Tax Implementation Act
To mitigate the most disadvantageous tax consequences resulting from Brexit, the draft law clarifies that Brexit itself will not constitute a “harmful event” for purposes of certain German tax law provisions.
10/12/2018
EU mulls blacklisting its own Member States
Lawmakers and campaigners questioned whether countries like Luxembourg, Malta, Ireland or the Netherlands should be considered tax havens due to their tax rules.
10/12/2018
Baker McKenzie admits to shortcomings in sex assault inquiry
The Solicitors Regulation Authority, the profession’s watchdog, is conducting its own investigation into the incident.
10/11/2018
Carey Olsen supports Epiris on launch of £821 million buyout fund
The fund's strategy will be focussed on targeting UK-headquartered business with an enterprise value of between £75 and £500 million, investing between £40 million and £150 million of equity in each investment
10/11/2018
FCA's adviser directory faces fresh fire
The directory is being created to address the problem caused by the introduction of the senior managers regime, which was set to mean only senior managers will appear on the FCA's register.
10/11/2018
Regulations relating to the European Supervisory Authorities and the European Systemic Risk Board
This publication sets out HMT’s approach to regulations relating to the European Supervisory Authorities and the European Systemic Risk Board following the UK’s withdrawal from the EU.
10/11/2018
Ex-billionaire fights bid to foreclose on London home
UBS seeks possession of Vijay Mallya's property, saying that firm that took out £20.4m mortgage has not repaid it
10/11/2018
Dentons launches new interactive tool on Transparency Register laws in major EU markets
“This tool helps companies understand the requirements of the Transparency Register in each EU country so they can take appropriate action.”
10/10/2018
Ex-Billionaire Fights UBS Bid to Foreclose on London Home
Case is the latest legal battle for Indian tycoon Vijay Mallya
10/10/2018
H.I.G. Capital Announces the Sale of FNZ
Under H.I.G.’s ownership, we have successfully partnered to deliver exceptional growth and value creation for our investors, whilst driving down long-term costs for financial institutions and consumers alike.
10/10/2018
HSBC in $765m settlement with US Department of Justice
HSBC's settlement was announced Tuesday by federal prosecutors in Colorado.
10/10/2018
Contingent charging should be banned, says ex-FCA director
Mick McAteer believes there is ‘prima facie evidence for harm’ and the regulator was too slow to act
10/10/2018
Gatsby & White Acquires Cardif Lux Vie Agency Portfolio From Deutsche Bank Luxemberg
This new piece of legislation further supports the ever-growing need for efficient task and responsibilities allocation to specialized independent actors.
10/10/2018
UBS Marshalls Star Power in France
The hearing in the Tribunal de Grande Instance in Paris kicked off with UBS repeating its stance that the French state had disregarded due process, and the separation of powers had not been observed, as reported by the news agency «AWP», among
10/10/2018
Proposal for a temporary transitional power to be exercised by UK regulators
This implementation period will allow time for entities carrying on business in the financial services sector and consumers to adjust to the UK’s withdrawal from the EU.