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Legal, Regulation & Compliance

01/26/2017

Financial Conduct Authority publishes general insurance value measures scorecard

By publishing these pilot data, consumer groups and market commentators will have commonly available indicators of value for insurers

01/26/2017

Dutch regulator mistakenly reveals Soros short positions

But only those that are larger than 0.5 per cent of a company’s outstanding shares are supposed to be made public.

01/26/2017

Wealth management firm joins lawsuit against Volkswagen

Saying that it is the only litigation that the company has ever been involved in, Spence pointed out that he felt it was important to be a part of it following the scandal.

01/26/2017

Fintech Sector Needs More Regulatory Oversight: Bundesbank

The Bundesbank recently launched a project with Deutsche Boerse to develop its own blockchain-based prototype of a securities settlement system.

01/26/2017

Two London traders convicted of conspiring to defraud Russian bank of over 141 million pounds

Urumov joined the Russian-owned company Otkritie Securities Ltd (OSL) and manipulated the firm into paying him approximately 20 million pounds

01/26/2017

ECB has three New Year’s resolutions for banks

Chair of European Central Bank's supervisory board has 'ambitious' plans for making the region's banking sector more stable

01/26/2017

UBS Profit May Trail U.S. Peers on Litigation Reserves, Trading

The Zurich-based lender is the first of Europe’s big global banks to report fourth-quarter earnings.

01/25/2017

Herbert Smith Freehills - Financial regulation update

FCA's expectations on advising on pension transfers

01/25/2017

No Margin For Error: The Upcoming EMIR Margin Rules

EMIR is the centrepiece of the EU post financial crisis reform of derivatives markets and seeks to address perceived issues with counterparty credit risk and transparency.

01/25/2017

UK officials visit crown dependencies to discuss ‘Crexit’

The committee will use the trip to compile a report setting out the potential opportunities and risks for the crown dependencies of Brexit.

01/25/2017

Canada, Ireland set for AIIB as China pushes global agenda

Ireland, Canada, Ethiopia and Sudan are understood to be among the 25 countries expected to join this year

01/25/2017

Post Office in deal with banks to offer High Street banking services as HSBC announces ANOTHER 67 branches will close

It comes as major banks continue to axe branches all over the country, including more today from HSBC – and some of these are the 'last bank in town'.

01/25/2017

Private equity looks to Luxembourg for access to single market

Sector seeks to ensure it will be able to operate on continent after Brexit

01/25/2017

Russian banking sector's profit in 2016 can exceed one trillion rubles

But while Sberbank is prospering, small banks are losing their licenсes

01/24/2017

Herbert Smith Freehills - Financial regulation update

FCA consultation on CASS 7A and the SAR review

01/24/2017

Gibraltar ups due diligence for stock exchange approval

Due diligence and commercial due diligence remain compulsory elements of listing or joining the GSX.

01/24/2017

Charles Stanley broker jailed over £1.2m Ponzi scheme

I accept you are now full of remorse for the victims and your family.

01/24/2017

Kazakh cenbank says merger talks begin between Halyk and KKB

Oleg Smolyakov, central bank deputy chairman, said in a statement the banks should get the regulator's approval prior to the deal.

01/24/2017

Asset managers starting to fret over Mifid II impact on research

The refreshed regulations due to take effect from January 2018 aim to increase transparency and unbundle research fees from trade execution fees.

01/24/2017

Italy’s Generali buys 3% of Italian bank Intesa in defensive move

According to Italy's cross-shareholding regulations, a company cannot hold more than 3 percent of another entity's voting rights if the latter already has a stake of more than 3 percent in that company.

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