03/31/2016
Basel watchdog adopts softer rules on banks' rate risk - sources
The Basel Committee will publish the final plan on rate risks as early as next month, the sources said.
Legal, Regulation & Compliance
03/31/2016
EU Guidelines on Assessing Knowledge and Competence Under MIFID II
Where requested by its national regulator, an investment firm may be requested to demonstrate that these requirements have been met.
03/31/2016
Bank of Scotland tops FCA complaints list in H2 2015
FCA complaints data shows the bank had 11,606 grievances logged against it in the period.
03/31/2016
Oracle and Lombard Risk partner for regulatory reporting solution
Lombard Risk Management and Oracle Financial Services have teamed up to deliver a global regulatory reporting solution.
03/31/2016
Spanish court to probe Bankia predecessor over mortgages
Blesa’s lawyer Carlos Aguilar said his client had not yet decided on a response to the court’s ruling.
03/30/2016
Stung by large U.S. fines, France to tighten anti-corruption laws
By giving French judges a more efficient framework to crack down on bribery, French officials are also hoping to avoid future cases of French firms being forced by courts to allow monitors reporting to foreign governments into their operation, as was the
03/30/2016
Bank of England set to clamp down on buy-to-let lending
Mortgage report to assess ways to rein in booming landlord lending market amid fears over new UK property crash
03/30/2016
Watchdog says 131 EU bankers, one in Greece, earned 5 mln+ in 2014
The EBA said the rise in high earners was due mainly to a change in exchange rates that meant more people paid in British pounds moved above the 1m threshold.
03/29/2016
Veil Jourde opens in Brussels
French firm Veil Jourde has launched an office in Brussels, its first outside of Paris.
03/29/2016
Lebanese Nationals Largest Investors in Portugal Golden Visa Program
This reputable program offers visa-free travel to over 120 countries including the UK & Schengen.
03/28/2016
Russian investor, funds settle U.S. press release hacking case
Seven Defendants Agree to Pay Nearly $18 Million in Hacked News Release Scheme
03/28/2016
Elite syndicate in Revenue deal for 'aggressive' tax avoidance
Settlement means investors' names will not be published
03/28/2016
City wary of Chinese approaches as deals flounder
The watchdogs have powers to block a change of control for a bank that has large trading activities in the City.
03/28/2016
Must step up when EU door opens
Agriculture sector faces challenges as CETA looms
03/28/2016
EU mulls easing bank failure rules to align with global standards
The paper, dated this month and seen by Bloomberg, “explores possible options” for implementing the FSB rule in the EU and isn’t binding on the Brussels-based commission.
03/28/2016
US Treasury rules FBME ‘still a money laundering concern’
The CBC took over the operations of FBME in 2014 after the latter was named a “financial institution of primary money-laundering concern” FinCEN.
03/28/2016
Malta company served as main transit point for Costa Rican money-laundering operation
While the company is registered in Malta, Woodtree Equipment Ltd’s owners are based in the British Virgin Islands, according to filings with the Malta Financial Services Authority’s registry of companies.
03/28/2016
Russia considering sanctions against UK for facilitating tax evasion through Caribbean territories
Russia is blaming the United Kingdom for failing to end local legislation that allows companies with bearer shares to exist in the BVI and that allows non-UK nationals to form such entities.
03/28/2016
How The Royal Mint is Attempting to Redefine “Legal Tender” for Collector Coins
Royal Mint Refusal to Redeem Commemorative Coins at Face Value Calls Into Question Value of Modern Collector Issues from the UK
03/24/2016
Wafic Saïd sues Barclays over cutting ties
He is seeking an order under the Data Protection Act to force the bank to turn over any information it has that it relied on in its decision to sever its relationship with the 76-year-old Monaco resident and Conservative party donor.