09/14/2017
Alleged Swiss spy to go on trial in Germany next month
The state had purchased a stolen data CD containing details on German clients of Swiss banks
Legal, Regulation & Compliance
09/14/2017
Bond Dickinson unveils US combination deal
Drake said that Bond Dickinson had been looking to expand via an alliance as opposed to a full merger.
09/14/2017
7IM makes four recommendations to FCA’s Retirement Outcomes Review
In addition to the rule of thumb, better apps and online tools are needed to help people work out just what all their different savings pots add up to
09/14/2017
Law firms face new exposure to tax evasion charges as Criminal Finances Act nears implementation
Partners warn firms will have to ramp up their due diligence efforts ahead of new legislation coming into force at the end of the month
09/14/2017
Swiss bank lobby urges government to toughen stance on EU equivalence
The association advocates open markets and insists on recognition by the EU of equivalence for relevant Swiss laws.
09/13/2017
FCA webpage on RegTech
The FCA has launched a webpage on RegTech detailing its approach and current activities, including recently developed work programmes.
09/13/2017
Ashurst picks up key role as Bell Pottinger calls in administrators
Hogan Lovells advising Lloyds Banking Group as collapsed PR agency's biggest lender
09/13/2017
Spain probes ICBC’s European unit over money laundering
The Luxembourg unit of ICBC holds the lender’s EU bank licence and is responsible for supervising the Madrid branch.
09/13/2017
Standard Chartered faces bribery accusations over Indonesian subsidiary
The investigation was into whether Standard Chartered took adequate steps to prevent or stop the alleged misconduct.
09/12/2017
Herbert Smith Freehills - Financial regulation e-bulletin
FCA update to MiFID II notification obligations for firms
09/12/2017
US Sues Former Deutsche Bank Executive For Securities Fraud
Defendant Involved in the Sale of Over $1 Billion in Deutsche Bank Residential Mortgage-Backed Securities
09/12/2017
UK finance watchdog warns on ICOs: Be 'prepared to lose your entire stake'
Some ICOs feature parallels with Initial Public Offerings, private placement of securities, crowdfunding or even collective investment schemes.
09/11/2017
Investment banks to clash over Mifid II rules on free research
EU legislation requires fund managers to pay directly for analyst research from 2018
09/11/2017
Brightstar joins Legal and General specialist distributor panel
The appointment is the latest step in a landmark year for Brightstar as it remains on course to pass £1bn in specialist lending during 2017.
09/10/2017
Europe's bank regulators on expensive hiring spree before Brexit
The European Central Bank, which has overall responsibility for supervising banks, is also seeking new staff.
09/10/2017
Financial Ombudsman sides with HSBC as firms mull frozen account appeals
Firms said their future had been put under threat after being unable to pay staff and suppliers.
09/08/2017
FCA on fair treatment of longstanding customers review
No inferences should be drawn from the closure of the Police Mutual case concerning the continuing investigations.
09/08/2017
European Central Bank is Working on Licensing Rules for FinTech Companies
The European Central Bank plans to create licensing guidelines for financial technology firms.
09/07/2017
Russian Central Bank Puts Its Foot Down On Crypto-Currency
Crypto-currencies are issued by an unlimited circle of anonymous entities.
09/07/2017
Fintech pushes EU to explore changes to bank software rules
We will envisage appropriate action if needed.