11/18/2016
Investment fees: FCA plans shake-up to help investors
The Financial Conduct Authority has today published the interim findings of its asset management market study
Legal, Regulation & Compliance
11/18/2016
EU watchdogs to get more powers to freeze bank payments - EU draft law
The draft law, expected to be published by the European Commission next week.
11/18/2016
Russian Central Bank revokes licenses from three banks
All three banks are members of the deposit insurance system
11/18/2016
Libor trader Tom Hayes writes to fraud squad over fresh Bank of England claims
The daily rate is meant to measure how much banks expect to pay to borrow from each othe
11/17/2016
Benson name removed from City’s banking pantheon
Société Générale consolidates private banking divisions
11/17/2016
Proposed Swiss bribery law preserves tax break for illegal profits
It leaves untouched the practice of letting companies take a deduction for illegal profits seized by regulators.
11/17/2016
After Trump and Brexit, All Eyes Are on Italy’s Constitutional Referendum
That in turn would make investors even more reluctant to put capital into the Italian banking system.
11/17/2016
U.S. election aftermath good for U.K. pension funding
This has seen increasing allocations to growth-focused assets that are likely to benefit from the expected policies of the president-elect.
11/17/2016
Advisers to pay for new EU regulation under FCA proposals
The FCA split these fee-blocks depending on the business conduct by the regulated firm.
11/17/2016
Commons urged to toughen up Criminal Finances Bill against 'dirty money' in London
We cannot, on the one hand, support developing countries with aid and then allow their elites to funnel ill-gotten gains through the City.
11/17/2016
LGT Vestra partners with Feifa
LGT Vestra’s business development director, Michael Moss, will manage the firm’s relationship with Feifa.
11/17/2016
Numbers registering Power of Attorney more than treble in five years and now set to surpass 2 million
The ONS data highlight the growing prevalence of mental health issues, particularly those associated with old age.
11/16/2016
Fieldfisher announces new Chinese merger partner
The merger, structured as a Swiss Verein, takes effect from today – 15th November 2016 – and sees JS Partners adopt the new name 'FeiShi' and the Fieldfisher brand.
11/16/2016
UK's SFO wants Boath lawsuit heard privately to protect Barclays' probe
The investigation centres on commercial agreements between Barclays and Qatari investors as part of a capital raising
11/16/2016
OJ – CRR guidelines on IPS - Herbert Smith Freehills
The Official Journal of the European Union (OJ) has published the following guidelines relating to the Capital Requirements Regulation (CRR):
11/16/2016
FCA introduces cap on early exit pension charges
Firms will not be able to apply an early exit charge to personal pension contracts entered into after these rules take effect.
11/16/2016
The European banking sector – a quick pulse check
Since the financial crisis of 2008, the health of the banking sector has become one of the hot topics in public debate. And with good reason, because banks are important for all of us – in good times and in bad.
11/16/2016
Bank associations, Deloitte join European Banking Institute
The new bank sector members are the European Banking Federation as well as national banking associations from Germany, Greece, Italy, Romania, Spain and the Netherlands.
11/16/2016
EU regulators readying fines for HSBC, JPMorgan, Credit Agricole - sources
Deutsche Bank, RBS and Societe Generale admitted guilt in December 2013.
11/16/2016
Tullett Prebon gets FCA approval for ICAP deal
The Competition and Markets Authority gave the green light to the deal after ICAP agreed to sell its UK oil brokerage operations