12/28/2017
EU Regulators Pushing For Cross-Border Bank M&A
Advocates of market consolidation say mergers and acquisition (M&A) activity will help continue to shrink a crowded, fragmented market.
Legal, Regulation & Compliance
12/28/2017
FCA concerned over drawdown FSCS levels
"This was particularly illustrated by the new freedoms associated with pension products."
12/27/2017
Rotherham Law Firm Launches Major Expansion Programme
Two of the New Offices are Located in Sheffield and the Third is in London
12/27/2017
EU introduce changes banking legislation
The new legislation will require banks to build application programming interfaces which will give third parties secure access to their data.
12/26/2017
Full extent of multi-billion dollar bank heist's links to Scottish firms revealed
Much of the 'dirty' cash was funnelled through anonymous Scottish and other UK shell firms.
12/26/2017
Europe’s banks brace for a huge overhaul that throws open the doors to their data
Britain's Competition and Markets Authority has set out similar plans to let customers share their data with other banks and third parties.
12/25/2017
Luxembourg Corporate – publication of the renumbered law
The Regulation also updates certain European legislative references embedded in the Law.
12/22/2017
Russia to extend offshore wealth amnesty
He added that the President noted the need of improvement of the investment climate, reduction of administrative barriers and increase of labor productivity.
12/22/2017
Herbert Smith Freehills - Financial regulation update
Draft Financial Services and Markets Act 2000
12/22/2017
Bank compliance-cost explosion will abate in 2018
Two large outstanding pieces of the regulatory jigsaw should fall into place
12/22/2017
Coutts to compensate Sipp investor over poor advice
I appreciate any past performance is not necessarily indicative of future performance and that there were no guarantees given.
12/21/2017
PRA approach to the authorisation and supervision of international banks, insurers and CCPs
The Bank of England (BoE) has announced that it is consulting on its approach to the authorisation and supervision of international banks, insurers and central counterparties (CCPs) as the UK redefines its relationship with the EU.
12/21/2017
Fund Manager Sues U.S. Law Firm for Fraud Over Carbon-Tax Advice
The London office of McDermott provided tax advice to Gorton from 2004, and advised him to invest in a series of companies that created and traded carbon credits
12/21/2017
Central Bank fines BCP Asset Management €210,000 for breaches of rules
Since the Central Bank investigation, the company has taken all necessary steps to rectify the breaches identified.
12/21/2017
Latest IRHP Mis-Selling Judgment Confirms No "Mezzanine" Duty of Care Owed by Banks
The court rejected these arguments and in particular found that the main factual obstacle for Marz on this issue was that the Alternative Arrangement did not comply with the hedging condition
12/20/2017
UK FCA Notes LSE Shareholders' Vote To Keep Chairman Donald Brydon
A total of 21% of shareholders, or 56.2 million, voted in favour of the proposal.
12/20/2017
Hedge Fund Loses Bid to Block Quant Fraudster's Deportation
Xu, a University of Cambridge math graduate who had worked at Goldman Sachs Group Inc., was employed at Trenchant between 2012 and 2014.
12/20/2017
FCA statement on EU withdrawal
The final nature of any implementation period is yet to be agreed
12/20/2017
KPMG tax evasion search warrants ruled unlawful
The four executives challenged to the legality of the process to obtain warrants to search their premises.
12/20/2017
FCA secures High Court orders against unlawful FX investment scheme
Mr Bhandari will be sentenced in late January 2018, and was remanded in custody until that time.