09/27/2016
Majority of FCA’s IT systems restored after three-day outage
The FCA also said that firms worried about whether any data submissions sent through on Friday successfully got through should contact it.
Legal, Regulation & Compliance
09/27/2016
Panama papers: investigative journalists discuss their work in Parliament
The release of the so-called Panama papers in April reignited the debate on tax evasion
09/27/2016
Jersey introduces virtual currency regulation
The new regime, developed by Digital Jersey, the States of Jersey, the JFSC and Jersey Finance as part of Jersey’s Digital Policy Framework, came into effect on Monday.
09/27/2016
Harper Macleod announces expansion in Inverness
The acquisition is the latest in a number of expansions for Harper Macleod
09/27/2016
Asset managers praise shift in regulators’ stance
The FSB said that it may still move to designate some asset-management companies as systemically important after it concludes its current work.
09/27/2016
Blockchain in capital markets infrastructure: Now is the time for action
Regulatory pressures continue to push markets towards higher standards of transaction reporting and transparency. Processing costs are under constant review.
09/27/2016
Highly Qualified Persons Rules
The purpose of these rules is to attract foreign expertise and senior professionals to Malta.
09/26/2016
French 'rogue trader' Kerviel must pay 1.0 mn euros to bank
Kerviel, who was convicted of breach of trust, forgery and entering false data for the trades, was sentenced to five years in prison
09/26/2016
IMF targets Scottish tax haven firms behind child abuse websites
The Sunday Herald has exposed how Scottish limited partnerships or SLPs have acted as fronts for websites peddling child abuse images
09/26/2016
Libyan sovereign fund recovers $127 mln from Lehman, Cornhill Capital
$73 million has now been recovered, paid in instalments to an LIA account
09/26/2016
Former IMF head on trial over bankers’ luxury sprees
They are accused of having paid for personal expenses with credit cards put at their disposal by both banks, without ever justifying them or declaring them to tax authorities.
09/26/2016
FCA mulls measures to prevent repeat of property fund freeze-up
Fire-sale valuations and liquidity cushions to limit the systemic risk they could pose.
09/26/2016
Europe ready to put exchanges merger under the spotlight
The merged businesses would have an overwhelming position in the clearing market.
09/26/2016
Paris Requests Swiss Bank UBS to Hand Over Data of 45,000 French Clients
France probed UBS on suspicion of helping its clients hide taxes between 2004 and 2012 Read more: https://sputniknews.com/business/20160926/1045695627/france-ubs-personal-data.html
09/26/2016
FCA appeal in JPMorgan Whale case set for Supreme Court
Case centres on whether executive was improperly identified
09/26/2016
BCS Global Markets Partners With Caderus Capital, Pushing Chinese Investment Fund
The partnership between the two groups will aim to facilitate and support a cross-border collaboration between China and Russia
09/26/2016
Societe Generale's position following the ruling of the Versailles Court of appeal
After having recalled the manner in which Jerome Kerviel entered into his fraudulent trading positions, the court appeal approved in clear terms the manner in which the positions were unwound by the Bank after they had been discovered.
09/25/2016
City looks to new passporting rules to weather the Brexit storm
Passports, which were introduced in 1993, give UK banks, insurers and asset managers the right to sell their services freely across the rest of the EU
09/23/2016
CFTC Orders Barclays Bank to Pay $500,000 for Recordkeeping Violations
Barclays is a global banking and financial services company based in the United Kingdom, as well as a provisionally registered swap dealer with the CFTC.
09/23/2016
Protect bank transfer scam victims, demands Which?
The consumer group pointed out that banks have security checks on activities where they are liable to reimburse the victim, for example on credit card fraud.