12/12/2016
Financial Conduct Authority statement on PPI
FCA published proposals for rules and guidance on payment protection insurance complaints
Legal, Regulation & Compliance
12/12/2016
City regulator to crack down on crowdfunding
The FCA believes it is appropriate to modify a number of rules for the market
12/12/2016
Brit Remainer lawyers launch Brexit challenge in IRELAND in fresh bid to keep UK in EU
There has also been a suggestion that the Dublin court would be more likely to refer the case to the ECJ.
12/12/2016
FCA fines on City fall to lowest level since financial crisis
Financial Conduct Authority handed out penalties worth £22.2m in 2016, lower than 2008 and down from £1.5bn peak in 2014
12/12/2016
ECB's Weidmann says Italy may rescue banks: report
New European Union rules on failing banks make it nearly impossible to use public funds to bail out such institutions without imposing hefty losses on existing equity and junior debtholders.
12/12/2016
Corporate bond purchases of European Central Bank drive climate change, CEO analysis reveals
Apparently the bank is quite content to support car producers, a gambling corporation, arms producers, and especially fossil fuel corporations that are driving climate change.
12/12/2016
Intro International Rebrands to Vistra
The rebrand will see the teams from Intro International relocate to Vistra’s existing offices in Singapore, with no changes to the services provided and the same teams supporting their existing clients.
12/12/2016
Lofthouse buys battered European banks
Low interest rates cannot carry on indefinitely and when they rise banks stand to benefit, according to Henderson's Ben Lofthouse.
12/12/2016
Fast-growing law firm confirms new HQ at Cardiff's Central Square in biggest office deal of the year
Hugh James announces new 100,000 sq ft headquarters at the 2 Central Square office scheme
12/12/2016
OMGI's Buxton: We are not over-earning as an industry
Defends active management
12/12/2016
EU tells Spain to privatise two banks, praises financial sector progress
Completing the restructuring and privatisation of these state banks is important in order to make the sector more stable
12/11/2016
FCA publishes finalised guidance for the fair treatment of closed book customers
FCA wants to ensure that closed book customers, who have life insurance products that are closed to new business
12/10/2016
Why IMF chief Christine Lagarde is going to court
Lagarde is the third IMF managing director in a row to face legal proceedings
12/09/2016
New inheritance tax rules to impact non-domiciles holding UK property through offshore companies and trusts - Harneys
As we have previously advised the new legislation will have practical implications for those who purchase, hold or sell UK residential property through offshore structures.
12/09/2016
Herbert Smith Freehills - Financial regulation update
FCA Dear CEO letter to firms that administer DMPs
12/09/2016
Banks want EU laws for five years after Brexit deal
The report has been received as a fairly serious piece of work.
12/09/2016
Russia sells stake in Rosneft to Glencore, Qatari fund for $11bn
The Qatar Investment Authority is one of the biggest Glencore’s investors.
12/09/2016
Asset finance lender granted banking licence
Specialist lender Private & Commercial Finance Group has been granted a banking licence by the Prudential Regulation Authority and the Financial Conduct Authority.
12/09/2016
Brexit: London banks 'in advanced stages' of shifting operations to Paris
Regulator says companies have already conducted due diligence to move operations to French capital.
12/09/2016
Regtech: still much to learn about how it can help
Greater use of technology is expected to help firms get ready for Mifid II