04/14/2016
Spain Court Releases Two ICBC Executives With Conditions
The Madrid court said this weeky only one of the six detained still remains in preventive custody.
Legal, Regulation & Compliance
04/14/2016
HSBC risks losing US banking licence as pressure mounts over Panama Papers probe
That could lead to any fines being paid to American authorities and HSBC could even lose its right to operate in the country.
04/14/2016
Swedish cbank: Nordea reorg warrants tighter requirements
"There are hence grounds for tightening the requirements imposed on Nordea to strengthen the bank's resilience."
04/14/2016
ESMA announces EU-wide stress tests for CCPs
CCPs are also highly interconnected – both with financial institutions and markets – and the increasing volumes cleared through CCPs make them even more important for the financial system.
04/14/2016
FCA bans former RBS Libor submitter
This sets out the FCA’s finding that Mr Hussein is not a fit and proper person and its decision to prohibit him from any role in regulated financial services.
04/14/2016
Credit Risk Mitigation and Legal Opinions by Fieldfisher
The Capital Requirements Regulation (EU Regulation No. 575/2013) ("CRR") is part of the EU's legislative package to implement regulatory capital standards issued by the Basel Committee.
04/13/2016
FCA Cracks Down On Anti-Competitive Banking Practices
The FCA has published the interim conclusions of its investment banking market study, finding that while many clients feel well served by primary capital market services there were also some areas where improvements could be made to encourage competition.
04/13/2016
Basel III: Proposed Revisions to the Leverage Ratio - Field Fisher
The Basel Committee on Banking Supervision (the "Committee") has recently issued proposed revisions to the leverage ratio framework building on and amending standards issued in January 2014.
04/13/2016
Law Firms Merge To Combine More Than 200 Years Expertise
The new firm will be known as Coole Bevis LLP, and will retain four offices in Sussex and will offer expert legal services to both business and private clients.
04/12/2016
European Securities and Markets Authority Proposals to Improve Access by Regulators to Trade Repository Data
The European Securities and Market Authority published its final report containing final draft amending regulatory technical standards regarding requirements for regulator access to Trade Repositories data and the subsequent aggregation and comparison of
04/12/2016
Squire Patton Boggs Strengthens Financial Services Expertise in Paris
She was a long-standing partner consecutively with Freshfields and DLA Piper, having worked with the former in London, Paris and Tokyo.
04/12/2016
Latest issue of Intouch - Maitland
Mauritius: As easy as GBC 1,2,3
04/12/2016
Cayman Finance Supports Cayman Islands Government on Enhancements to Cayman’s Existing Beneficial Ownership System
The UK prime minister David Cameron announced today that all crown dependencies and British overseas territories had formally agreed to disclose information relating to the beneficial ownership of companies
04/11/2016
‘Britain’s FBI’ to lead fight on London’s dirty money
One key reform will see the National Crime Agency given the power to order the Serious Fraud Office to investigate white-collar criminals.
04/11/2016
Panama Papers: Bermuda mentioned in UK media
The article explains that blind trusts are used to prevent ministers from using their positions from influencing their own investments, but also keeps their financial affairs private.
04/11/2016
Police probe £20m Scottish golf hotel development after investors claim they've yet to see a penny from their investment
NOT a brick has been laid since the hotel development at Whitekirk, East Lothian, since the development was first mooted in 2012.
04/11/2016
Deutsche Bank Swiss unit to pay fine in tax avoidance case
Deutsche Bank and the Cologne prosecutor's office declined to comment on either case.
04/11/2016
Long reach of US law spawns a demand for American legal experts
Prosecutors are relocating to London to capitalise on their sought-after expertise
04/11/2016
No need to look offshore for a private equity tax scandal
It would be understandable if UK private equity executives felt alarm at the uproar about the Panama Papers, but they need not worry too much.
04/11/2016
Ten biggest bank scandals have cost £53bn in fines
The research found that Royal Bank of Scotland has paid out £6.4bn in misconduct charges but there has been no dividend for shareholders since the financial crisis. RBS has paid £3.8bn in bonuses to staff.