06/05/2017
ESMA Final Report on MiFID II Product Governance Requirements
Firms have since grappled with where the proportionality dial should sit when establishing practical implementation frameworks.
Legal, Regulation & Compliance
06/04/2017
FCA Warns Dividend Arbitrage Could Link To Financial Crime
The Financial Conduct Authority said a recent review of firms engaged in so-called dividend arbitrage used to place shares in alternative tax jurisdictions with the aim of minimizing withholding taxes.
06/04/2017
BNP Paribas fined for failing to fight money laundering
The failures had an effect on France's entire effort to fight money laundering and terror finance.
06/02/2017
FCA bans jailed former Schroders trader
The FCA prohibited Clarke from performing any function in relation to regulated activities.
06/02/2017
Anti-Money Laundering and AI at HSBC
HSBC saw past this false choice and transformed its AML process using enterprise grade AI.
06/02/2017
Mourant Ozannes advises on largest ever European Private Equity firm fundraising
The Mourant Ozannes team was led by Felicia de Laat and senior associates Rachel Fowler and Matt McManus with assistance from colleagues in the funds, finance and corporate and other teams.
06/02/2017
Leading offshore law firm acts on top three private equity transactions in first quarter 2017
The firm’s team of more than 40 professionals handles complex, cross-border matters for many of Europe’s highest-profile and most prestigious funds and transactions.
06/02/2017
Global Foreign Exchange Code Of Conduct Published
We share the view that the global code plays an important role in assisting that process and in helping improve market functioning.
06/02/2017
Register of ownership of UK property through overseas companies - privacy in debate
The introduction of the government's People with Significant Control (PSC) register on 6 April 2016 has resulted in greater transparency of ownership of UK companies
06/01/2017
Regulator demands detailed Brexit plans from UK asset managers
Regulator demands detailed Brexit plans from UK asset managers
06/01/2017
EU Council adopts hybrid mismatches directive
The EU Commission will introduce a transparency initiative proposing for intermediaries to report cross-border tax planning schemes.
06/01/2017
What the FCA is asking fund managers on Brexit
City watchdog wants to know whether the UK's largest fund managers are planning job moves and who will be responsible for Brexit blueprints
06/01/2017
Refusal of judicial review of sale of Green Investment Bank
The ruling reinforces that there are limits to when a commercial decision taken by a public body is judicially reviewable.
06/01/2017
French Government Announces Three Ethics Laws, Bank For Democracy
Parties would be banned from receiving aid or loans from abroad.
06/01/2017
EU Privacy Rule Offers Silver Lining
GDPR also requires organizations to get specific and unambiguous consent from clients before organizations can apply analytics to the data covered by the regulation.
06/01/2017
Herbert Smith Freehills - Financial regulation update
ESMA consultation paper on CCP conflicts of interest management
05/31/2017
US Fed fines Deutsche Bank $41 mn for anti-money laundering
The actions were taken by the Board to address unsafe and unsound practices at the firm's domestic banking operations
05/30/2017
Herbert Smith Freehills - Banking litigation update
Welcome to our latest Banking Litigation update in which we highlight a number of the most important cases and developments affecting UK financial institutions over the last six months or so.
05/30/2017
New Isle of Man Enterprise Development Scheme deals completed
SPARK was appointed in March 2016 by the Isle of Man Government Department of Economic Development to run the Accelerator and Relocator elements of the £50 million Enterprise Development Scheme (EDS).
05/30/2017
You Can Run, But You Can’t Hide
Noncompliance could prove a costly mistake.