11/29/2016
FCA calls for input on high-cost credit and overdrafts
One area of focus has been high-cost credit, which includes payday loans, home-collected credit, catalogue credit, some rent-to-own, pawn-broking, guarantor and logbook loans.
Legal, Regulation & Compliance
11/28/2016
Bank stress test to expose lenders' struggle to turn a profit
Autonomous’ analysts believe Barclays and RBS will both marginally fail this year’s test, dealing a blow to the pair.
11/28/2016
Fiduciary mandates escape external scrutiny – KPMG poll
Fiduciary management "among the most opaque parts" of the UK's investment industry
11/28/2016
Jailed former Barclays traders denied Libor appeal request
Pabon, an American, was sentenced to two years and nine months in jail in July
11/28/2016
Bank Regulators Seek ‘Miracle’ Deal on Capital Before Trump
The U.S. has pushed for strict rules to protect against future market meltdowns
11/28/2016
Troubled Italian banks face failure if 'No' wins
Resolution, a new regulatory mechanism, restructures and if necessary winds up a bank by imposing losses on both equity and debt investors
11/28/2016
West Ham and Everton hit by Premier League clampdown
West Ham and Everton will be forced to plug a lending gap because of a Premier League ban on shadowy offshore finance companies.
11/28/2016
FCA fines and partially bans former investment manager
he Upper Tribunal had upheld the fine in an earlier judgment in 2015 where the tribunal found that Mr Carrimjee had failed to act with due skill, care and diligence, and had failed to escalate the risk that his client might have been intending to engage i
11/25/2016
EU may adopt global rules on bank capital
The EC has also proposed a new set of requirements for European banks to make them safer.
11/25/2016
Pinsents, Linklaters and Vodafone among winners at British Legal Awards
All the details of the award winners at this year's ceremony
11/25/2016
Commission changes CRD IV to ease remuneration burden on smaller banks
The European Commission aims to reduce the administrative burden of remuneration rules on smaller.
11/25/2016
Regulation and DLT: Working to Strike the Right Balance
Blockchain Technology: The Future for Financial Services Infrastructure
11/25/2016
Financial regulation news - Herbert Smith Freehills
PSR consultation on the PSR regulatory fees for 2017/2018
11/25/2016
European Parliament resolution on the finalisation of Basel III
MEPs stressed that any rule changes must take account of the diversity of EU bankingmodels
11/25/2016
EU Securities Watchdog Finalizing Position On Blockchain
The European Securities and Markets Authority said the technology has not reached a “tipping point” of regulatory intervention yet
11/25/2016
Proposals clarify rules on combating money laundering and terrorist financing in correspondent banking
The proposals follow the publication by the Financial Action Task Force of its Guidance on correspondent banking services in October 2016.
11/25/2016
Private company bosses face clampdown under May blueprint
Private companies could be forced to overhaul pay and governance practices under plans to be outlined next week
11/24/2016
Ex-Barclays banker alleges unfair dismissal after interview with SFO
Boath is seeking to make his employment claim against Barclays under whistleblower protection laws
11/24/2016
Central Bank imposes fine on Jordan Kuwait Bank (Cyprus branch)
The Central Bank of Cyprus has decided to impose sanctions in the form of a fine on Jordan Kuwait Bank for failure to comply with certain provisions
11/24/2016
Global regulation clouded after Trump and Brexit
How potential deregulation in the US and Brexit negotiations will affect the City's status as a financial hub was also discussed.