09/25/2016
City looks to new passporting rules to weather the Brexit storm
Passports, which were introduced in 1993, give UK banks, insurers and asset managers the right to sell their services freely across the rest of the EU
Legal, Regulation & Compliance
09/23/2016
CFTC Orders Barclays Bank to Pay $500,000 for Recordkeeping Violations
Barclays is a global banking and financial services company based in the United Kingdom, as well as a provisionally registered swap dealer with the CFTC.
09/23/2016
Protect bank transfer scam victims, demands Which?
The consumer group pointed out that banks have security checks on activities where they are liable to reimburse the victim, for example on credit card fraud.
09/23/2016
Hong Kong's richest man bids £11 billion for UK gas network... so will Theresa May step in to block it?
And it would be the latest Chinese investment in Britain.
09/23/2016
Banking watchdogs to investigate industry response to money transfer scams
Which? has raised the issue as a 'super complaint' with industry watchdogs, which means that they must respond within 90 days.
09/22/2016
Bahamas files leaks expose politicians' offshore links
The data has details of the financial interests of politicians, entrepreneurs, financiers – and fraudsters
09/22/2016
Esma eyes 2018 start for Mifid II swaps rules
Trading obligations would be fully in place for all counterparties and across interest swaps denominated in the Swedish.
09/22/2016
Commodity Traders Face Tougher Rules as EU Curbs Speculation
They delivered that message to Valdis Dombrovskis, the bloc’s financial-services chief, in a closed-door meeting earlier this month.
09/22/2016
Former EU Official Among Politicians Named in New Leak of Offshore Files from The Bahamas
As the EU’s commissioner for competition policy from 2004 until 2010, she was Europe's top corporate enforcer and made Forbes magazine’s annual list of the “World’s 100 Most Powerful Women” five times.
09/22/2016
FCA to kickstart sandbox with 24 applicants
Of the 69 applicants, seven came from payment firms - including blockchain firms.
09/22/2016
Greek ex-finance chief faces trial over wealth declarations
Hardouvelis previously spent seven months as an adviser to former prime minister Lucas Papademos.
09/21/2016
The Modernisation Of Luxembourg Company Law: Changes To Board Of Directors - Managers
Part of Luxembourg’s Companies Act reform bill of July 2016 details changes to the board of directors in respect to managers.
09/21/2016
Aegean Renews $1 Billion Global and $250 Million U.S. Credit Facilities
We appreciate their continued support as we execute our strategy, serve our global customers and seek to drive profitable growth.
09/21/2016
U.K.’s May, at U.N., Seeks to Assure Allies Over ‘Brexit’
New British leader stresses need for global cooperation
09/21/2016
Tony Blair shuts down advisory firm that made him millions
Tony Blair Associates courted controversy by taking clients such as oil groups and Kazakh government
09/21/2016
Apple ‘Picked on’ by Europe, Irish Billionaire O’Brien Says
The final amount payable could be as much as $19 billion, the largest tax penalty in a three-year EU campaign against corporate tax avoidance.
09/21/2016
Data on UK firms using passports for business in Europe
The House of Commons Treasury Select Committee has published a letter from Andrew Bailey, Chief Executive of the FCA, to Andrew Tyrie, Chairman of the Committee, regarding the number of UK authorised firms that currently hold single market passports. The
09/21/2016
Revealed: How Brits are losing millions to UK’s biggest scam while the government stands by
While other countries have banned this business, a regulatory loophole has left UK victims completely unprotected – despite police saying it is now the biggest fraud in Britain.
09/21/2016
National law-firm advises on first deal for Foresight Regional Investment Fund
This deal will, no doubt, ensure that Euxton Group goes on to even greater success, regionally and beyond.'
09/20/2016
Judge backs Coutts in claim over unsuitable advice
The case against Coutts was brought by Les and Janet O’Hare, a couple from Warrington