06/11/2018
STM Group independent review recommends 32 improvements
The Report provides a number of recommendations in this respect including segregation for first line and second line of defense.
Legal, Regulation & Compliance
06/10/2018
Russian firms involved in disputes may turn to Hong Kong as city’s rising arbitration skills shine bright
Restrictions may apply to the import or the use of services from companies registered in counter-sanctioned countries or from companies with any shareholding held by an individual or company from these countries.
06/08/2018
Irish banker's conviction marks end of long road to justice
The 2013 publication of the tapes sparked criticism around Europe and embarrassment for Ireland as it prepared to exit its bailout.
06/08/2018
Former Head of IMF to Face Trial in Spain for Alleged Fraud in Bank IPO
The trial for the IPO of Bankia, which came into being with the merger of seven lenders including Caja Madrid, will be the second time Rato sits in the dock facing serious criminal charges.
06/08/2018
EU Release Bermuda’s ‘Commitment Letter’
The list has subsequently changed, and the graph from their website below shows the evolution of the list.
06/08/2018
Beyond 25 May: The legacy of GDPR
The introduction of the rules has proved particularly timely following the Cambridge Analytica data scandal.
06/08/2018
Italy Banks From UniCredit to Intesa May Face Costly Ringfencing
The so-called ringfencing in the U.K. imposed heavy costs on the country’s biggest lenders.
06/07/2018
Bank of Portugal sees risks from incomplete EU banking union
Under plans so far agreed, the euro zone’s agency for troubled banks, the Single Resolution Board, will be given a clearer mandate to set the level of capital buffers that banks should hold against the risk of failure.
06/07/2018
Ex-Anglo Irish Bank chief convicted of fraud
Bailing out Anglo was to cost taxpayers billions of euro.
06/07/2018
Ex-Everton manager sues IFA
Former Premier League football manager Walter Smith is seeking £320,000 from his ex-financial adviser over investments made during the time he was in charge of Everton.
06/07/2018
Deloitte Will Acquire Part of US Law Firm in New Legal Venture
Alliance supports global businesses in staying ahead in a rapidly-changing global immigration environment
06/07/2018
Law No 972 on money laundering
Last week Thomas Brezzo has been appointed to report back to the National Council on Draft Law No 972, which strengthens the fight against money laundering, the financing of terrorism and corruption.
06/07/2018
Ex-Rangers boss sues his wealth advisers
The court has previously said it will not force Smith to hand over the documents.
06/07/2018
Clients of fraudster IFA brothers receive £5m compensation
In April 2018, Suffolk Police contacted clients of Taylor & Taylor Associates and the Vantage Investment fund in relation to a confiscation order secured against the guilty parties
06/07/2018
Clients of fraudster IFA brothers receive £5m compensation
Taylor & Taylor Associates and Vantage Investment Group update
06/07/2018
New boss at Sheffield law firm Lupton Fawcett hails record growth
Mr Oxley won promotion after a hustings and vote at the firm.
06/07/2018
New boss at Sheffield law firm Lupton Fawcett hails record growth
The firm is also spending close to £1m on a new IT system to allow seamless communication with its offices in Leeds and York.
06/07/2018
SocGen executives ordered Libor rigging, US prosecutors believed
Two senior bank executives were named in 2015 letter to French authorities
06/07/2018
ESMA speech on the role of regulation and supervision in a single European financial market
CIRSF Annual International Conference 2018 - Lisbon
06/07/2018
EU banks watchdog probes Malta agency over anti-money laundering at Pilatus bank
EBA Chair Andrea Enria said in a letter to the European Union’s executive European Commission that he has decided to open a formal “breach of union law” investigation in relation to FIAU