11/23/2016
Bank of China Set to Start Serbia Operation
Bank of China will receive a full licence to start operating at the beginning of 2017 in Serbia - the first Balkan country to host one of the world's largest banks.
Legal, Regulation & Compliance
11/23/2016
HSBC deemed less systemically important by global regulators
HSBC has been taking steps to shrink its global footprint and reduce its riskier assets
11/23/2016
European Parliament resolution on Green Paper on Retail Financial Services
The European Parliament has published the text of the resolution on the Green Paper on Retail Financial Services adopted by the European Parliament on 22 November 2016.
11/23/2016
EBF takes note of EU plans to revise regulatory framework
These are the final elements the EU needs to introduce in order to complete the G20 global post-crisis reform agenda.
11/23/2016
Desire to be A True International Citizen Drives Demand for Second Passports in the Region
As the number of HNWIs increase in emerging economies, so does the expectation for freedom of movement
11/23/2016
Herbert Smith Freehills - Financial regulation e-bulletin
The Competition and Markets Authority (CMA) is taking steps towards introducing Open Banking to provide customers with more control over their accounts and financial services.
11/22/2016
WDX partners with FCA authorised firm to endorse their award winning CRM solution
The upcoming MIFID II guidelines and the ongoing revision and tightening of regulatory policy around KYC and Suitability over the past few years, have demanded that wealth firms and banks demonstrate and deliver operational efficiencies and service levels
11/22/2016
Nelsons strengthens wills and probate team in Leicester
My goal is to develop the wills and probate department in Leicester through building strong relationships and connections with other professionals in the city.
11/22/2016
EU proposes raising safety buffers for foreign banks
Foreign banks will be asked to set up a holding company subject to EU capital requirements.
11/22/2016
When It Comes to Central-Banker Salaries, It Pays to Be Belgian
Still, central bankers’ pay checks pale in comparison with those of the banking executives whose businesses they oversee.
11/22/2016
London Stock Exchange adds to data service with Mergent takeover
Mergent is a private US company that does not report its earnings, and the LSE refused to disclose the value of the takeover.
11/22/2016
Too-Big-to-Fail Banking Finds Regulatory Loophole in Scandinavia
The maneuver essentially hands oversight of a global systemically important bank to Sweden’s regulator.
11/22/2016
EU plans to tighten rules for foreign banks
Europe's move could be part of a broader fragmentation and localisation of financial rules.
11/22/2016
Santander caps 123 credit card cashback to £9 a month
Then in October it withdrew the card from the market and only kept it for existing customers.
11/22/2016
Taxpayer's stake in Lloyds Bank cut to less than 8pc
The Government was forced to stop offloading shares earlier this year after the stock market became more volatile
11/22/2016
Citibank Ireland to retain access to EU market due to ECB supervision
The Irish arm of Citibank will now come under the supervision of the European Central Bank due to an increase in the size of its operation after it merged with UK based Citibank International in 2016.
11/22/2016
Brexit could be fought over in EU's top court, warns senior judge as MEPs insist Britain cannot 'cherry pick' single market membership
The court could decide on whether Article 50, the formal process for triggering Britain's exit.
11/21/2016
ESMA speech on Safeguarding investors
The European Securities and Markets Authority (ESMA) Chair, Steven Maijoor, today gave a speech entitled "Safeguarding investors is key to ensuring the Capital Markets Union’s success" at the Börse Stuttgart MiFID-Kongress, Germany .
11/21/2016
ECA special report: Single Supervisory Mechanism
The European Court of Auditors (ECA) has published a special report (29/2016): "Single Supervisory Mechanism (SSM) - Good start but further improvements needed". The report examines how the European Central Bank (ECB) set up the SSM, how it has
11/21/2016
FCA charges sixth defendant in alleged investment fraud
The FCA has already charged five other defendants as a result of the investigation in June 2016.