09/12/2016
Governors and Heads of Supervision announce progress in finalising post-crisis regulatory reforms
The GHOS endorsed the broad direction of the Committee's reforms.
Legal, Regulation & Compliance
09/12/2016
FCA to ‘steer away’ from fund manager fee cap
The final report on the study is due to be published next year.
09/12/2016
London law firm introduces legal concierge service for HNW's
HK One will also act as a hub, directing clients to other trusted advisors.
09/11/2016
ESAs Reject Proposed Amendments From The European Commission To Technical Standards On Non-Centrally Cleared OTC
The Opinion was prepared in accordance with Article 10 of the ESAs Regulations, empowering the three Authorities to consider the amendments
09/09/2016
Merali Beedle promote flexible working with dpscloud
dpscloud allows Merali Beedle, to take their files with them wherever they go
09/09/2016
ECB Stands Pat on Stimulus as Draghi Defends Policy
European Central Bank president urges governments, especially Germany, to boost growth through spending
09/09/2016
FCA refuses to pay compensation recommended by its Complaints Commissioner
The FCA Complaints Commissioner upheld a complaint by a firm on behalf of its appointed representative (AR). The complaint was that the Financial Services Register’s (the Register) landing page, under the heading “Trading / brand names”,
09/09/2016
Bank of England Won’t Stifle Fintech Innovation Says Senior Central Bank Official
Cleland said that the BoE was working with firms in the Fintech sector to determine where the boundaries will be.
09/08/2016
Queen’s bank is sued over tax avoidance film scheme
If the lawsuit, being co-ordinated by Stewarts Law, is successful it would mean taxpayers having to foot part of the bill because Coutts is owned by Royal Bank of Scotland
09/08/2016
FCMC forbids Estonia's Versobank to provide financial services in Latvia
The decision on imposing a ban on provision of any financial services in Latvia is adopted because Versobank has been substantially violating procedures laid down in the Credit Institution Law under which a credit institution registered in another member
09/08/2016
Spanish ex-minister linked to Panama Papers withdraws his bid for World Bank job
The news came at a sensitive time in Spanish politics, where bickering between parties is edging the country towards its third election in a year.
09/08/2016
IRELAND: Calls to scrap savings levy that the rich already avoid
Known as the life insurance levy, it was imposed in the 2009 emergency budget as a revenue-raising measure.
09/07/2016
Swiss charge former UBS banker over German data sale
The CD related to assets worth 3.5 billion Swiss francs.
09/07/2016
Irish government to close 'vulture funds' tax loophole
They have used part of the tax code known as Section 110 to reduce tax bills to a few hundred euros a year.
09/07/2016
MiFID II Q&A on Trading Venues Being Prepared
The complexity of quote-driven markets will increase under the new regulations
09/07/2016
FCA consultation on Pension Wise standards
The FCA has launched a consultation (CP16/22) on proposed changes to the standards applied to Pension Wise designated guidance providers.
09/07/2016
Exotic Capital Deals Fed by Stricter Bank Rules in Scandinavia
Banks may be enticed to buy capital relief if stricter rules are imposed.
09/07/2016
New inheritance tax rules to impact non-UK residents holding property through offshore companies and trusts from 5 April 2017
As previously announced, the new legislation aims to reform the taxation of non-domiciles and will have practical implications for those who purchase, hold or sell UK residential property through offshore structures.
09/07/2016
Italy police nab gang of bank card fraudsters
Italian police had busted a major credit and bank card forgery ring
09/06/2016
Standard Chartered Hedge Funds Lawsuit Highlights Derivatives Risk
The British bank faces a lawsuit after underwriting a convertible bond deal that left investors with worthless stock.