09/28/2016
FCA Market Watch No 51
This issue outlines the FCA's findings from the Market Maker Review
Legal, Regulation & Compliance
09/28/2016
U.K. Faces Reckoning Over RBS Bailout
Value of the U.K. government’s stake in the lender has fallen drastically since the Brexit vote
09/27/2016
Are central bankers killing the banking golden goose
He is reluctant to raise extra capital at a time when Deutsche's share price is so low.
09/27/2016
UK government fails on real transparency, says TI
It appears that it still has to get its own house in order.
09/27/2016
FRANCE: Penalties for Trust Reporting Omissions - BDO
These penalties were harsher than the ones successfully appealed against in the context of unreported foreign bank accounts above.
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.
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