10/22/2018
Ex-Deutsche trader charged in rate-rigging case
This followed Mr Hauschild’s arrest in Italy in August 2018 after his trip to the country activated a European Arrest Warrant secured by the SFO.
Legal, Regulation & Compliance
10/22/2018
Ireland’s frontrunner for EU bank watchdog job faces parliament grilling
Mario Draghi’s preferred choice Sharon Donnery is facing two contenders in race for coveted post
10/22/2018
An evaluation of bringing additional benchmarks into the regulatory and supervisory regime
In this paper, we evaluate the Benchmarks (Amendment) Instrument 2015, which brought seven benchmarks into our regulatory and supervisory regime.
10/22/2018
Serious Fraud Office presses for criminal charges to be reinstated against Barclays
The Serious Fraud Office (SFO) is pressing to get criminal charges reinstated against Barclays related to its capital raising arrangements at the height of the financial crisis.
10/19/2018
Ombudsman’s review “will do little to help restore public confidence in the FOS
The second stage will comprise a further review of any case found not to have been handled in accordance with the FOS’ controls and standards to examine the outcome, which will be undertaken by Carol Brady MBE.
10/19/2018
Carey Olsen and Vistra advise on first Guernsey Green Fund
Carey Olsen partner Ben Morgan led the team advising on the Guernsey Green Fund designation and was assisted by senior associate James Cooke.
10/19/2018
FCA intervention sees 18 firms suspended
From the 129 client files reviewed, 51 per cent of the advice given was suitable, the regulator found.
10/19/2018
Q&A - Reform brings Luxembourg Securities Law to the blockchain age
Luxembourg has opted to embrace and adapt to these technological developments.
10/19/2018
Santander is latest bank targeted in Germany's giant tax fraud probe
Santander's role in the scheme was to carry out trades, the prosecutors say, as one of many parties involved.
10/19/2018
‘Bizarre’ court ruling nets UK taxman £300,000 in IHT case
Ruling leaves ‘a complex, nonsensical web of rules which risk layering on extra worry for beneficiaries’
10/18/2018
FCA and TPR publish joint pensions strategy
The strategy identifies key issues which contribute to the prospect of people not having adequate income, or the income they expected in retirement.
10/18/2018
Advisers lash out at FCA transfer comparator
Financial advisers are particularly concerned about the discount rate used in the calculation.
10/18/2018
Government to legislate for CDC
On September 4, Opperman wrote to Frank Field, chair of the committee.
10/18/2018
Seven Banks Join Forces to Transform Trade Finance
The “Trade Information Network” aims to establish an inclusive industry standard in multi-bank trade finance
10/17/2018
Major life-threatening cyber attack on UK ‘in little doubt’
Behind these high profile attacks there are the millions of online crimes that affect individuals every day.
10/17/2018
FCA admits adviser directory risks
The creation of the directory is also aimed at meeting the recommendations of the Work & Pensions select committee
10/17/2018
Government blunder dooms pension dashboard
The government officials also don't know what would be the bill of setting up a system - or adapting the existing ones - to be able to migrate the state pension data into the dashboard.
10/17/2018
Who is subject to financial sanctions in the UK?
The Office of Financial Sanctions Implementation publishes a list of all those subject to financial sanctions imposed by the UK which it keeps updated.
10/17/2018
Trust and ethics – a regulator’s perspective
Speech by Andrew Bailey, Chief Executive of the FCA, delivered at the launch of the St Mary’s University School of Business and Society, London.
10/17/2018
FCA promises to weed out sexual harassers
As part of this scope, Ms Butler said the FCA will continue to enforce individual accountability within the industry and assess whether senior staff are "fit and proper" to fulfil their roles.