08/21/2017
UK fund giants’ Mifid II moves look increasingly risky
Fund groups claim they have been waiting for more flesh to be put on the bones of the Mifid II proposals.
Legal, Regulation & Compliance
08/21/2017
UK to limit right to transfer pensions but will include Qrops
Many highlighted,however, the need to ensure legitimate transfers were not blocked unnecessarily.
08/21/2017
Trade body wants English courts to rule on European swaps after Brexit
It is currently uncertain whether the choice of English law and jurisdiction made prior to Brexit will be recognised once the UK leaves.
08/18/2017
Russian watchdog asks Alfa Capital to withdraw research note on banks
Alfa Bank and its unit Alfa Capital both said on Wednesdday that the research note was the personal opinion of its author and that the bank and the asset management company did not share this opinion.
08/18/2017
Herbert Smith Freehills - Financial regulation update
FCA consultation on 2017/18 fee rates for market infrastructure providers
08/18/2017
Luxembourg publishes new BEPS-compliant draft of IP regime
If approved, the new rules would be applicable as from fiscal year 2018.
08/18/2017
Agencies Extend Resolution Plan Filing Deadline for Certain Foreign and Domestic Banks
The firms have submitted prior plans that provide the agencies with an understanding of their limited U.S. operations.
08/17/2017
Millionaire banker accused of driving his £150k Aston Martin while twice the limit claims breath test was wrong because he was sick just before
Stephen Decani was stopped by cops on swanky Kings Road after they allegedly saw him unsteady on his feet getting into his car
08/17/2017
Suspected Swiss spy indicted in Germany
The defendant recruited a source of information from the tax administration there.
08/17/2017
Platforms under FCA scrutiny defend fund picks
Affiliated funds were also less likely to be removed from buy lists.
08/17/2017
Tribunal fines Blackburn solicitor over £1.6million funding agreement misconduct
The Solicitors Regulation Authority told the hearing Ms Virmani had 'failed to maintain the trust the public placed in her' as well as 'failing to run the business effectively'
08/17/2017
Deutsche Börse probe widens to all of top management
Prosecutors, state regulator and financial watchdog now examining German stock exchange
08/17/2017
Nordea and Danske Bank being investigated for money laundering
It is especially Danske Bank in Estonia, which the backers have sent the money laundered to.
08/17/2017
Increasing defined benefit pensions: how should trustees and employers proceed?
Employers and trustees are struggling to know what to do.
08/17/2017
Blacklisted tax havens could face four types of sanctions
The document also stated that sanctions imposed by EU member countries should be “appropriate in the context of their national tax legislation.
08/17/2017
UBS loses senior quant risk specialists as juniorisation hits the middle office
These senior departures at UBS come at a time when demand is picking up for senior risk professionals with an understanding of model validation.
08/17/2017
Banco Popular investors launch legal bid to annul fire sale to Santander
The bondholders are not seeking specific damages.
08/17/2017
European Union To Link Emissions Trading System With Switzerland
The EU ETS is based on a ‘cap and trade’ system in which a cap is set on the total amount of certain greenhouse gas emissions that are allowed to be emitted by installations covered by the EU ETS.
08/17/2017
FDIC sues Barclays, RBS and other banks over Libor
Agency claims failed US lenders lost money because rate was manipulated downward
08/17/2017
New FCA advice definition keeps providers shackled
The FCA and industry to work together to find a way forward.