10/22/2018
Commerzbank made a change to its bonuses that should have Deutsche Bankers freaking out
A brief look at today's changes to Commerzbank's bonus scheme could make them sweatier still.
Legal, Regulation & Compliance
10/22/2018
UBS quizzed about torn bonus notebooks by French prosecutors
De Fayet is on trial in Paris for allegedly helping employees at the Swiss bank, who crossed the border, seek out new French clients despite not having the right paperwork.
10/22/2018
France to lead Europe with regulation of ICOs
France is not the first country to look into whether and how ICOs should be regulated.
10/22/2018
SJP plans 10-day blackout for replatforming
It is understood clients will still be able to continue making investments during the down period.
10/22/2018
Regulatory and operational barriers to digital payment remain
The World Payments Report 2018, which looks at innovation in the digital payments landscape and highlights what to expect from BigTech entrants, found that digital payments are experiencing a boom driven by developing markets.
10/22/2018
Four people behind £13.7 million pension scam banned from being trustees
The Pensions Regulator (TPR) has now prohibited Mr Austin from acting as a pension scheme trustee to protect pension holders.
10/22/2018
Mifid II may force platforms to change strategy
"Will they have to change their strategy? Maybe, in terms of Mifid II we might see financial advisers moving away from those [who don't change]."
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.
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.