07/29/2016
The SFO’s Battle For Survival
One recurring source of pressure has been Theresa May’s long-held enmity towards the SFO, and her desire to incorporate it within the National Crime Agency
Legal, Regulation & Compliance
07/28/2016
Deadline to Comment on European Blockchain Technology Regulation Quickly Approaching
ESMA outlined what it believes to be the benefits of blockchain technology.
07/28/2016
Standard Life Falls Foul Of New Pay Rule
The group published ten recommendations, including publishing the multiple of bosses' pay to their workforces.
07/28/2016
No More Passporting Post-Brexit?
Financial institutions have a choice to either set up a branch or provide services on a cross-border basis.
07/28/2016
Brexit brings old foes back into battle
David Davis and Michel Barnier — the lead negotiators on Britain’s EU exit — first clashed 20 years ago
07/27/2016
Mifid could challenge UK's postBrexit access to CCPs
An equivalent regulatory regime to Mifid II may not suffice in certain areas lawyer
07/27/2016
The Vatican and the Bank of Italy signed a key agreement after years of mistrust
A joint statement said the agreement, which the Vatican had lobbied hard to win, "aimed at enhancing the exchange of information in the field of financial supervision, on the basis of reciprocity".
07/27/2016
Brexit – Ireland as a location for Regulated Financial Service Providers
One major concern for UK regulated financial service providers is the ongoing uncertainty in relation to the continuation of the financial services passporting regime currently enjoyed by UK RFSPs throughout the EU/EEA.
07/27/2016
Companies Act 2014: Approaching Conversion Deadlines
The new company law regime in Ireland, introduced under the Act has been in force for just over a year
07/27/2016
Barclays Cartel Trader Told ‘Life Isn’t Fair’ Before Firing
"I found it not only unfair, but entirely unreasonable and deeply offensive."
07/27/2016
Goldman Sachs abused trust in dealings with Libyan LIA, fund's lawyer tells trial
The LIA argues the bank took advantage of its financial naivety by first gaining its trust, then encouraging it to make risky and ultimately worthless investments.
07/26/2016
Charities Regulator examining groups over investment vehicles
Special-purpose vehicles are used by financial firms to facilitate tax avoidance
07/26/2016
Stress tests add pressure on European banks
Deutsche Bank and Commerzbank look as vulnerable as some of the Italian lenders
07/26/2016
Lagarde to face trial over €400m payment to French tycoon
Christine Lagarde, head of the International Monetary Fund, must stand trial over accusations of negligence during her time as French finance minister, France’s highest appeals court ruled last week.
07/26/2016
What is top of the pile for the regulatory bonfire?
This is in the context of the Enterprise Bill, currently going through Parliament, which may mean the FCA has to have the costs of any changes to its regulation verified by the independent Regulatory Policy Committee.
07/26/2016
What might prudential regulation look like under Brexit?
The central EU position is not to grant this without the free movement of people.
07/26/2016
Revolving Doors: Global 100 Firms Invest In Europe As Baker & Mckenzie, Mayer Brown And Bird & Bird Make Hires
Baker & McKenzie has added two partners in Germany to expand its energy and M&A practices.
07/26/2016
Top Executives To Be Put Under Further Pressure To Disclose Pay Ratios
The final report is due to be published tomorrow after an interim report that lambasted current executive pay practices as “broken” and “not fit for purpose” was released three months ago.
07/26/2016
May 'Orders Crackdown' On Offshore Tax Havens
Both The Times and the Daily Mail report that senior Whitehall officials in the government's "policy unit" have been told to draw up plans to tackle abuses of the tax system, perhaps in time to be unveiled at the Conservative Party conferen
07/26/2016
Swiss to pass information on HSBC accounts to US tax agency
Switzerland said it plans to give information to U.S. tax authorities about accounts at HSBC Holdings Plc's Swiss private bank, as part of a U.S. investigation into tax evasion.