06/20/2016
European Commission Adopts MiFID II and MiFIR Delegated Regulations
The Market Making Delegated Regulation is made under MiFID II
Legal, Regulation & Compliance
06/20/2016
ESMA Issues Opinion On Inside Information Disclosure Under The Market Abuse Regulation
In its Opinion, ESMA does not agree with the amendments proposed by the Commission.
06/20/2016
Eight fund groups make last ditch attempt to change PRIIPs rules
Worried about not including past performance data
06/20/2016
FCA fines against individuals double in year
FCA actions over the 12 months were split equally between those targeting businesses and individuals.
06/20/2016
CIMA and AICPA to form new association
Chartered Institute of Management Accountants
06/20/2016
Arck advisers ordered to pay just £562k following £50m fraud
The pair, which were convicted of fraud and forgery charges last year, must settle the confiscation orders within three months
06/17/2016
FCA charge five in alleged investment fraud
The FCA cannot provide any further comment or information at this time.
06/17/2016
Lloyds Banking Group wins £3bn bond case
UK court rules in favour of bank’s decision to redeem notes early
06/17/2016
Comments on Danish FSA inspection of Nordea Bank Danmark 2015
As of today in total 850 full-time employees are focusing on these tasks with the aim to be around 1,150 by the end of this year.
06/17/2016
Watchdogs exempt sovereign wealth and pension funds from study
The FSB will leave open the option of returning to scrutinise SWFs and pension funds, however, those people cautioned, adding that the decision is not a statement on how risky those types of funds might be.
06/17/2016
Debevoise Advises NLMK on $700 Million Eurobond and Tender Offer
The proceeds from the offering will be used to finance the purchase of existing notes due 2018 and 2019, as well as for NLMK's general corporate purposes and refinancing of its current debt.
06/17/2016
Barclays labels US$1b lawsuit over 2008 fundraising 'misconceived'
Barclays has described as "fundamentally misconceived" a US$1.0 billion-plus lawsuit brought by British financier Amanda Staveley over the bank's emergency fundraising from Gulf investors at the height of the credit crisis in 2008.
06/16/2016
Bulgarian Parliament amends law on offshore companies
A frequent criticism against the law, however, is that it is virtually not being enforced at all.
06/16/2016
European Commission proposal for regulation to enhance end-user involvement in financial services policy making
The European Commission has published a proposal for a regulation on establishing a Union programme to support specific activities enhancing the involvement of consumers and other financial services end-users in Union policy making in the field of financi
06/16/2016
Feisty Green Spreads BHS Blame Onto Goldman and Former Owner
The tense mood pervaded the hearing, with a furious Green at one point demanding an apology from a lawmaker who suggested that ego may have gotten in the way of a potential rescue.
06/16/2016
Europeans warn of Brexit threat to UK's crucial bank 'passports'
Germany, France, Luxembourg and Ireland would all be vying to pick up business from London in areas such as investment banking, clearing and settlement and fund management.
06/16/2016
Arrest reported over Panama Papers leak
The Geneva authorities confirmed an investigation was in train after a complaint from Mossack Fonseca but declined further comment.
06/16/2016
Court ‘missed crucial point’ in Barclays case
Judge Moulder decided Thornbridge’s claims were brought with the benefit of hindsight following the banking crisis
06/15/2016
Deutsche Bank prepares for fine over suspicious Russia trades
A charge of around €450 million that the bank booked last year is mainly related to the suspicious share trades, the sources said.
06/15/2016
FCA – list of waivers
FCA – list of waivers The FCA has published an updated list of waivers on their website