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.
Legal, Regulation & Compliance
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
04/24/2017
Italians probe Emirati for alleged insider trading in UniCredit
Prosecutors looking at involvement of a former managing director of Abu Dhabi’s Ipic
04/24/2017
Reward staff who spot cyber attacks
We need to stop using a staff policy as the sole baseline for security training.
04/24/2017
Oil Co. Accuses ABN Amro Of Gaming Loan Repay Model
Totisa Holding SA alleges that the Dutch bank had incorrectly calculated in 2014 how much money would be made available
04/23/2017
Europe’s financial new regulatory environment: Is the Middle East ready?
MiFID ll will have a significant impact on the entire trading life cycle
04/23/2017
PPI compensation bill set to hit £37bn as banks unveil first-quarter results
Britain's biggest high-street banks could see their payment protection insurance compensation bills hit a combined total of £37billion this week, when they unveil their first-quarter results.
04/22/2017
British ministry may join investor suit against state-owned RBS
Lawsuit alleges RBS misled investors over 2008 cash call
04/21/2017
GFSC Publishes its Business Plan for 2017/18
This business plan sets out our programme of work for the period 1 April 2017 to 31 March 2018.
04/21/2017
Debevoise Advises Adveq in its Sale to Schroders
The Debevoise team advising Adveq was led by New York partner Gregory V. Gooding
04/20/2017
Undoing bank regulation is risk to stability, U.S. stance key - Bank of France
Any temptation to go back on this or to massively deregulate would increase the risk of another financial crisis.