04/26/2017
Lloyds says ex-judge Linda Dobbs to review its handling of fraud case
Lloyds said will begin making compensation offers from late May onwards
Legal, Regulation & Compliance
04/26/2017
ESMA Working Group Lists Big Data Risks For Supervisors
Supervisors of financial institutions need to have the skill and ability to monitor the risks posed by the use of big data analytics
04/26/2017
Fears network members could disappear from FCA register
Each firm must appoint someone to carry out each senior function and inform the FCA who it is.
04/26/2017
Herbert Smith Freehills - Financial regulation update
ECB opinion on amending BRRD
04/25/2017
Grant Thornton fined £2.3m
This follows the conclusion of the Financial Reporting Council’s investigation relating to the audits of the financial statements of the AIM listed company AssetCo plc for the financial years ended 31 March 2009 and 31 March 2010.
04/25/2017
Judges Reject Banker's Claim to be a 'Genius' in Divorce Case
Mr Justice Holman had said the case “should be so easy” to settle as there was “plenty of money to go round
04/25/2017
The EU wants €2 billion from Britain for failing to stop Chinese crime gangs cheating tax
The gangs give the minimum price per kilo for things like clothes that pass through the ports, allowing them to avoid paying full VAT and excise on the goods.
04/25/2017
Employers Must Now Declare Gender Pay Gaps
The gender pay gap is the difference in average pay between men and women
04/25/2017
Appleby advise Kennedy Wilson Europe Real Estate PLC on Merger with Kennedy Wilson Holdings Inc.
It is intended that the merger will be effected by a Court-sanctioned scheme of arrangement of KWE under Article 125 of the Jersey Companies Law.
04/25/2017
Trust Companies, Banks Should Be Main Haven Targets
The European Commission is due to propose a regulatory framework for tax advisers and other intermediaries in the coming months.
04/25/2017
Debevoise Offers Guidance on BEPS Challenge with New Website
BEPS endeavours to fundamentally change the global tax landscape through a series of 15 action plans.
04/25/2017
ECB says Brussels wants too tight limit to its power over banks
The proposed legislation on Pillar 2, while rightly seeking to further supervisory convergence.
04/25/2017
European Commission speech on EU financial services policy
Mr Dombrovskis considers ways to further strengthen economic recovery in the EU, including accelerating the CMU and developing the right regulatory and supervisory framework for integrated financial markets.
04/25/2017
Herbert Smith Freehills - Financial regulation update
ESMA opinion on accepted market practices under MAR
04/25/2017
Barclays sets loan repayment ultimatums for former KWM EUME partners
Partners reportedly replied with queries after the first round of communications, but the bank did not respond. One source said that the person who handled the matter for Barclays “fell ill.”
04/25/2017
AIB fined €2.3m for breaching money laundering regulations
Allied Irish Banks, p.l.c. fined €2,275,000 by the Central Bank of Ireland in respect of anti‐money laundering and terrorist financing compliance&
04/24/2017
Deutsche Bank is first bank busted for breaking Volcker Rule
The Board also found that the firm failed to properly undertake certain required analyses concerning its permitted market-making related activities.
04/24/2017
Pilatus Bank, Nexia, an Azerbaijani millionaire and a €627,000 loss
The presence of Azerbaijani oligarchs opening and closing a company in under a year raises questions on the Maltese world of finance
04/24/2017
Bucharest Court of Appeal approves Carpatica Commercial Bank, Patria Bank merger
The estimated date of implementing the merger is 1 May 2017.
04/24/2017
UK watchdog warns against scrapping US rules for failing lenders
FCA chief says regulators will lose faith in how US handles crises if regime changes