12/31/2014
ECB official Peter Praet hints at quantitative easing amid falling oil prices
If we had some interest rate margin left, there would have been a unanimous decision to cut rates.
Legal, Regulation & Compliance
12/31/2014
Cayman Islands: Government Issues Beneficial Ownership Report
The consultation was conducted by the Ministry of Financial Services and Commerce.
12/29/2014
Credit Suisse Bank Faces $10 Billion Lawsuit Over Pre-2007 Mortgage Fraud
The legal wrangling isn’t entirely over
12/29/2014
Record growth for Tunbridge Wells law firm Cripps
LAW firm Cripps has seen turnover grow by 25 per cent in the first half of its current financial year.
12/28/2014
Environment Agency investing pension fund in industries it regulates is 'clear conflict of interest'
The pension details are contained in a response to a Freedom of Information request from the EA
12/28/2014
Global bank regulator proposes standardised minimum capital measure
However the increased capital ratios that are coming into effect under the so-called Basel III regulations are still mostly based on a bank's internal model of calculating the risk of its activities.
12/28/2014
Swiss banks continue their balancing act
Collardi minimized the importance of competition provided by banks in Singapore
12/26/2014
China nabs 39 people at over 20 institutions in insider trading clampdown
A crackdown on inside trading in China since the second half of last year has resulted in 39 suspects from over 20 financial institutions being handed over to police
12/25/2014
Russia to ban offshore companies from winning state contracts
The Russian government will consider amendments to state procurement laws that would ban state contracts from being awarded to companies registered offshore.
12/24/2014
It's That Time Of Year When Bankers Think About The Bonuses They're Gonna Get
Investment bankers working on corporate takeovers and share issues can expect good news on bonuses after a buoyant year when they return from the holidays, but bond and currency traders face lower payouts.
12/24/2014
Royal Bank of Scotland freezes bonuses of 18 traders amid forex rigging review
Royal Bank of Scotland has frozen the bonuses of 18 traders as part of a continuing review of the alleged rigging of foreign exchange rates.
12/24/2014
Libor manipulation laws set to be extended
The UK is to widen the scope of laws that make rigging of market benchmarks a criminal offence to include seven more rates covering the currency, gold, oil and silver markets by next April.
12/24/2014
Russian Banks, RBS Bonus Suspension, Dark Pools: Compliance
The central bank this week put National Bank Trust, Russia’s 15th biggest by retail deposits, under the control of the Deposit Insurance Agency.
12/24/2014
The Vatican Bank, Christmas Cheer, And FATCA
For Centuries the Inner Workings of the Vatican Bank have been Cloaked in Secrecy
12/23/2014
FCA warns of unauthorised wealth manager
The Financial Conduct Authority has warned of a scammer pretending to be an authorised wealth manager and targeting investors in the UK.
12/23/2014
Think-tanks propose EU regulation opt-out for fund managers
Two think-tanks are proposing that fund managers in London who do business outside the European Union should be able to negotiate an exemption from European regulation, illustrating the growing Euroscepticism among the UK’s fund management community
12/22/2014
Swiss Bankers in Limbo After U.S. Jury Acquits Ex-UBS Executive
The courtroom victory of the only Swiss banker to beat the U.S. in a trial over offshore tax evasion may embolden other indicted financial workers to leave a legal limbo some have occupied more than five years.
12/22/2014
Barclays accountants PwC under investigation for bank's failure to protect £16.5bn in client assets
The FRC said in a statement that the investigation follows the Financial Conduct Authority's £38m (€48m, $59m) fine on Barclays Bank for failing to properly protect client assets worth £16.5bn.
12/22/2014
Top bankers need to take cyber threat seriously - BoE
Top British bankers and other senior executives in the financial services industry are not taking the risk of cyber attacks seriously enough
12/22/2014
Fred the Shred ordered to reveal £12bn RBS rights issue emails
Goodwin will have to trawl through hundreds of text messages and emails by order of the court, ahead of a court case against him and other RBS bosses due to take place in 2016