02/03/2016
Financial regulators call for more detail on EU referendum deal
Britain has clashed with Brussels on various elements of financial regulation introduced since the crisis, most prominently on the issue of a cap to banker bonuses.
Legal, Regulation & Compliance
02/02/2016
Gazprombank closes down London operations
Gazprombank’s London office had been effectively dormant since 2012, when the bank withdrew its application for a UK investment banking license after authorities demanded more information about its shareholders, Bloomberg reported at the time.
02/02/2016
French court backs charges against HSBC in tax fraud probe
The court rejected an appeal by HSBC that charges first brought in April for facilitating tax fraud and illegal practices be dropped.
02/02/2016
Serbia: Belgrade Mayor Connected to Another Offshore Company
This is the fourth company in the British Virgin Islands that KRIK journalists found is connected to Mali.
02/02/2016
Barclays wary of regulatory 'bumps' for RBS, hikes Lloyds PPI forecasts
Barclays said this raised questions about the potential for capital distribution given that the half-year dividend was already just 0.75p.
02/02/2016
HSBC share price: Bank loses appeal against tax-evasion probe in France
Lender ‘disappointed’ as French court rejects its requests
02/02/2016
Egypt, Russia, UAE to sign deal on joint investment fund tomorrow
The signing ceremony will take place during the 10th session of the Egyptian-Russian Committee meetings.
02/01/2016
Growing law firm keeps it in the family
Ayesha Vardag is known as the ‘Diva of Divorce’ after acting for heirs and heiresses, tycoons, footballers, celebrities and royalty in big-ticket financial legal cases.
02/01/2016
Banks reach $154.3 million settlement on "dark pool" fraud
The SEC and New York Attorney General had planned to announce the joint settlement Monday before it was reported by The Wall Street Journal Sunday morning.
02/01/2016
Cameron hopes on Brexit deal rise after Tusk meeting
The European Commission has drafted texts confirming that the current situation in Britain justifies an “emergency brake”.
02/01/2016
AIMA calls for Regulatory Reforms to support Non-Bank Finance
AIMA makes the case that rules should allow greater asset managers’ participation in securitisations in order to support the supply of finance to small and medium-sized enterprises.
02/01/2016
Deloitte launches regulatory and investor reporting service
Business advisory firm Deloitte has launched a new service targeting investment managers, banks and insurance firms struggling to navigate the growing wave of complex marketing regulations and tax rules.
01/29/2016
Barclays has been hit with a lawsuit for nearly a £1bn
The bank said in a statement: “We believe the claim against Barclays is misconceived and without merit and Barclays will be vigorously defending it.”
01/29/2016
Finally! City regulators investigate former HBOS bosses
More than seven years after the collapse of HBOS, City regulators have begun an investigation into the failed bank's former bosses.
01/29/2016
France and Germany to Strengthen Control on Bitcoin
Due to the increase in the use of bitcoin in purchasing illicit goods on the dark web and hacking attacks
01/29/2016
Regulator responds to first EU-wide stress test
TPR's executive director for regulatory policy Andrew Warwick-Thompson said the flexibilities of UK pension schemes means they can respond to adverse market conditions.
01/29/2016
ESMA Consults On MAR Guidelines Regarding Market Soundings And Delayed Disclosure Of Inside Information
MAR strengthens the existing market abuse framework by extending its scope to new markets, platforms and trading behaviours.
01/29/2016
Belgian Government To Step Up Measures To Combat Bitcoin Money Laundering
The tax authorities have started investigating fraud cases involving bitcoin.
01/29/2016
Regulators want to check the robots before they're unleashed
Regulators across Europe are conducting reviews of the robo-advisory market.
01/29/2016
UK banks pay 2 billion pounds for mis-sold rate swaps, reviews complete
The compensation total includes 464 million pounds for so-called consequential losses, which set the clock back to the point before the products were sold and require banks to compensate beyond the direct losses that businesses have suffered.