10/31/2017
UK compensation scheme warns of Russian scam
UK consumers have been warned to avoid a Russian website claiming to be a subsidiary of the Financial Services Compensation Scheme.
Legal, Regulation & Compliance
10/31/2017
Banks need Brexit transition deal by end of year, warns FCA chief
City firms will be forced to make ‘irreversible’ staff moves if agreement is not reached, says Andrew Bailey
10/31/2017
Banks stagger Brexodus as EU regulators consider grace period
Britain's EU departure is expected to force banks to move thousands of jobs into the bloc so that they can continue processing EU-related trades.
10/31/2017
Vincent Tchenguiz and Iceland's Kaupthing settle lawsuit
I now look forward to the future and can focus on my business.
10/30/2017
EU State aid investigation of UK CFC Rules – Group Financing Exemption
The Commission will in due course publish its decision opening the investigation (opening decision), setting out its detailed reasoning as to why it considers that the group financing exemption may represent State aid.
10/30/2017
UniCredit $21 Billion Bad-Loan Sale Draws ECB Scrutiny
A Lower Price Could Lead To Higher Provisions For The Disposal
10/30/2017
Trax MiFID II APA and ARM Services Selected by Leading Investor and Dealer Clients
Combined APA and ARM Solution a Key Differentiator for Investor Community
10/30/2017
STM Group CEO arrested in Gibraltar
In a statement to the London Stock Exchange, STM Group didn’t name the client, but said the matter involved a dispute that took place between 2008 and 2013, and concerned Kentish’s role “as a professional director of a client company of
10/30/2017
Banking and investment giants pick Mifid II reporting partner
Financial services firm will have to take responsibility for trade reporting for the first time in January
10/30/2017
Europe’s Optimum AM says it’s counter-suing Vatican Bank over Budapest investment
The development of the project has now recommenced, with expected completion in 2018 or 2019.
10/30/2017
Raiffeisen bank under financial regulator scrutiny
Raiffeisen has around 3.7 million clients and 955 branches in Switzerland.
10/30/2017
Amid Russia Row, Miami Boutique Affiliates With Moscow Firm
Diaz, Reus & Targ will have a new outpost in the Russian Federation after aligning with LegaLife.
10/30/2017
DNB to assess regulatory burden on Dutch schemes
The federation highlighted the multitude of theme surveys conducted by the watchdog, as well as the consequences of the Europe-wide derivatives legislation EMIR.
10/30/2017
Listed issuers must focus on new IFRS standards in 2017 annual financial reports
The ongoing relevance of the fair presentation of financial performance and the disclosure on the impact of Brexit.
10/30/2017
EBA announces final timeline for the 2018 EU-wide stress test
The exercise is expected to be launched at the beginning of 2018.
10/29/2017
HSBC faces legal challenge from small businesses
Hundreds of companies hit by bank’s crackdown on money laundering
10/29/2017
Do You Own UK Residential Property Through An Offshore Company?
Since offshore companies are now caught by the changes to the UK tax rules, offshore company owners may wish to examine their current structures to determine whether they are tax efficient.
10/29/2017
City of LondonEU Tries to 'Enforce Ghost Tax Rule' by Probing UK Multinationals Policy
The timing is very suspect.
10/29/2017
Royal Bank of Scotland boss Ross McEwan has a tough job ahead, says GEOFF HO
A report released by the Financial Services Authority earlier this month found that there was “systematic inappropriate customer treatment” of thousands of small business customers by RBS.
10/27/2017
Herbert Smith Freehills - Financial regulation update
FCA reforms to the Listing Regime and equity IPO process