01/04/2015
The curious case of the fare dodger and the FCA
Chris Newlands asks if the lifetime ban of a former BlackRock managing director is too harsh
Legal, Regulation & Compliance
01/03/2015
RBS bonus pool drops under £500m after ban - but bank will still face fury over share handouts to top executives
The Royal Bank of Scotland is to slash its bonus pool for bankers this year in response to an EU clampdown and a swathe of swingeing fines from regulators.
01/03/2015
Vince Cable to meet bankers over branch closures
The Business Secretary wants to extract a promise from bank executives over the closure of rural branches
01/02/2015
HMRC Confirms QROPS Changes Are On The Way
HM Revenue & Customs has indicated a review is under way of the complicated rules that an offshore pension has to meet to become a QROPS.
01/02/2015
Euro Falls Lower as Central Bank Hints at Increase in Stimulus Plan
Mario Draghi, the president of the European Central Bank, may be pushing hard for a weaker euro to spur growth in Europe, but his central bank peers seem to be several steps ahead of him.
01/01/2015
The biggest FCA fines of 2014
The FCA issued a total of over £1.4bn in fines in 2014 against a total of 37 firms. This is a massive 210 per cent increase on the £474.2m issued in fines in 2013.
12/31/2014
FATCA Ropes in Vatican Bank on Offshore Account Compliance
The Vatican Bank is the latest to join the ranks of a hundred other countries worldwide that have agreed to the terms of the FATCA
12/31/2014
No More Regulatory Nice Guy for Banks
For banks, 2014 was the year of penalties
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.
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.