12/20/2016
Slovenia invites EOI for advisers on banks' risk appetite guidelines
The tender was launched via the EBRD, after the Bank of Slovenia requested the EBRD provide it with technical assistance
Legal, Regulation & Compliance
12/20/2016
Greater transparency tops wealth manager’s challenges in 2017
The information exchange will not be standardised among territories, but depends on agreements signed by between two nations individually.
12/20/2016
IMF chief found guilty over tycoon payment
Board meets to discuss fallout of guilty verdict against Lagarde
12/20/2016
Intesa Sanpaolo not aware of any probe over Rosneft deal
"To our knowledge this transaction is not currently subject to any investigation by the relevant Italian and European authorities," a spokesman for Intesa said.
12/19/2016
OJ – EMIR equivalence decisions
The Official Journal of the European Union (OJ) has published Commission Implementing Decisions on the equivalence of the regulatory framework for central counterparties (CCPs). This is in accordance with the European Market Infrastructure Regulation (EMI
12/19/2016
Court of Appeal clarifies scope of potential liability under the Misrepresentation Act 1967
The Court of Appeal held that the publication of an investor presentation in a way that actively invites investors to make use of its contents for a purpose other than the presentation's original purpose could create sufficient proximity to give rise
12/19/2016
European Supervisory Authorities publish conclusions on automation in financial advice
The ESAs also note that financial advice in general is already addressed in various ways through a number of EU Directives.
12/19/2016
Pakistan to exchange bank accountholders’ details with OECD
The FBR is discussing modalities with the banks to set up a system for exchanging information
12/19/2016
Draft legislation released on reform to substantial shareholder exemption
The substantial shareholding test would be extended from 12 months in the two years prior to disposal, to 12 months in the previous six years.
12/19/2016
Russian dubbed the 'She-Wolf of Wall Street' is arrested in tax scam
Police reportedly saw her glitzy pictures displaying her champagne lifestyle and vast sums of wealth.
12/19/2016
Profit replaces risk as big worry among Europe bank regulators
What are the factors affecting the profitability of banks?
12/19/2016
Fifth of fund managers plan to charge extra fee for research
A further 13% said they planned to cover the cost of research with a charge to client collected alongside transaction commissions.
12/19/2016
Ireland to accuse European Commission of exceeding powers in Apple tax dispute
Ireland is appealing against the order to recoup 13 billion euros
12/19/2016
Deutsche Bank to pay to end 'Dark Pool' probe
One focus of the trading-platform probes has been whether the banks withheld information that might have led clients to route orders elsewhere.
12/19/2016
Ireland vows to fight EU order to collect $13.5 BILLION in additional taxes from Apple
Ireland is to appeal the EU's ruling that Apple should pay €13 billion in back taxes
12/19/2016
Brewin Dolphin buys Belgravia wealth manager
Duncan Lawrie Asset Management is part of Belgravia-based financial services group Duncan Lawrie.
12/19/2016
Birmingham Director Banned For Evading HMRC
Neglect of tax affairs is not a victimless action as it deprives the taxpayer of the funds needed to operate public services
12/18/2016
PSR kick-starts industry-wide effort to tackle payment scams
The PSR also found evidence to suggest some banks could do more to identify potentially fraudulent incoming payments, and to prevent accounts falling under the influence of scammers.
12/18/2016
ESMA Updates MIFID II Q&A On Investor Protection
MiFID II applies from 3 January 2018 and will strengthen the protection of investors by both introducing new requirements and reinforcing existing ones.
12/16/2016
UK Regulation round-up December 2016
Regulation round-up is our monthly email to all regulated firms, updating you on the latest news that affects your sector.