02/03/2017
EBA singles out UK fund manager for €33m bonus
The report noted that the average ratio of variable to fixed remuneration is 468 per cent in asset management
Legal, Regulation & Compliance
02/02/2017
Cyprus’ CySEC to require transaction reports from licensees in line with ESMA guidelines
The EU mega-regulator announced its guidelines and requirements in late October last year.
02/02/2017
European bank regulators will need "unusual answers" to Brexit -German watchdog
Banks in Britain are already beginning to implement plans to ensure they can continue serving their continental European clients after Brexit, expected in just over two years' time.
02/02/2017
Long-Established Yorkshire Law Firm Opens In Harrogate
The law firm which first opened its doors in Leeds 120 years ago and has now has an office in Harrogate town centre.
02/02/2017
Herbert Smith Freehills - Financial regulation update
PRA policy statement on implementation of ring-fencing
02/02/2017
FCA and PRA publish final changes to enhance enforcement decision-making
The consultation and policy recommendations covered the full lifecycle of an investigation.
02/02/2017
RBS’s private bank hit with £5m Swiss fine
In the past five years, FINMA has issued industry bans against six bank managers following serious breaches of due diligence requirements. Last year FINMA launched enforcement proceedings against six further bank office holders, four of them in connection
02/01/2017
A fine muddle
The FCA has based its regulatory penalties on a laudably detailed framework.
02/01/2017
Taxman's record blitz of fines for middle classes: Figures lead to accusations HMRC is focusing on ordinary households rather than the super-rich
HMRC issued 143,000 penalties last year, compared to 55,000 in 2012/13
02/01/2017
Charles Stanley: Bad times over for City stock-pickers
Monetary policy in the US and the UK looks to be tightening, with interest rates drifting upwards.
02/01/2017
Herbert Smith Freehills - Financial regulation update
FCA consultation on proposed Handbook changes relating to ILS
02/01/2017
The protected cell company turns 20
The Protected Cell Companies Ordinance, 1997, came into effect on 1 February 1997 for Guernsey’s captive insurance sector and was the first cell company legislation of its kind anywhere in the world.
02/01/2017
Net closes on Barclays chiefs over £7bn deal involving glamorous financier Amanda Staveley
There are also questions over £322million in advisory fees paid to Qatar at the same time.
02/01/2017
EU Watchdog Wants Trade Repositories To Face Stiffer Fines
Trade repositories collect and maintain the records of derivatives.
01/31/2017
FCA fines Deutsche Bank £163 million for serious anti-money laundering controls failings
As a consequence of its inadequate AML control framework, Deutsche Bank was used by unidentified customers to transfer approximately $10 billion, of unknown origin, from Russia to offshore bank accounts in a manner that is highly suggestive of financial c
01/31/2017
Herbert Smith Freehills - Financial regulation update
MiFID II
01/31/2017
Allegations pile up against hedge fund
Ebullio adversaries push to prove losses were not high risk investments gone wrong, but deception.
01/31/2017
Ex-UBS and Citigroup trader jailed over Libor seeks review of case
Tom Hayes, serving an 11-year sentence, claims he felt under pressure to admit guilt in order to avoid being extradited to US
01/31/2017
Tunisia to issue $ 2.85 billion Eurobonds and $ 500 million in Sukuk this year
A government source said last Thursday Tunisia would start a roadshow on Feb. 5 for a 1 billion Eurobond.
01/30/2017
King & Wood Mallesons Collapse Kept Recruiters Busy
Our priority has been trying to find partners and staff new firms.