09/12/2014
EU’s OTC derivatives proposals threaten Asian regulatory clash
The EU proposal comes amid growing international strain over the implementation of new rules drawn up by the G20 nations
Legal, Regulation & Compliance
09/12/2014
EU Says Cyprus Legislation Clashes With Bailout
Those measures include writing off the outstanding amount of a loan once property is foreclosed
09/11/2014
EU bank tests may miss trillion-dollar risk – study
Post-financial crisis, banking watchdogs have regularly submitted banks to an examination of their assets to ensure they could withstand another shock to the global banking system.
09/11/2014
Corporate Social Responsibility Reporting - Withers
There is a growing trend globally towards greater transparency in corporate reporting of non-financial risks and policies.
09/11/2014
Credit Agricole Said to Near Accord in Sanctions Probe
Credit Agricole’s fine could be similar to Commerzbank’s, according to the person. Anne-Sophie Gentil, a spokeswoman for Credit Agricole, declined to comment.
09/11/2014
'Deoffshorisation' of the Russian Economy - Withers
The Russian Ministry of Finance has published an updated version of the draft controlled foreign company rules on the 2nd of September
09/10/2014
BinckBank wins right to use ‘turbo’ name
The Hague district court ruled that BinckBank may continue marketing Binck turbos in the Netherlands because investors perceive turbos to be a generic type of investment product rather than a brand belonging to BNP Paribas.
09/10/2014
MiFID II still worrying UK wealth managers
He adds that the shortening timelines for delivery create issues, as do the clash of inconsistent definitions between separate regulations.
09/10/2014
U.S. regulator would welcome delay of EU clearing rules
The current deadline is December 15, after which new capital requirements kick in
09/09/2014
UBS Asks French Court to Overturn $1.4 Billion Bail in Tax Probe
The bank, Switzerland’s biggest, has been embroiled in tax evasion probes in Europe since it paid $780 million in 2009
09/09/2014
BofA Bond Boss Said Stuck in Limbo by Deutsche Bank Delay
Deutsche Bank has been reluctant to give regulators the clearance that Foresti, an 18-year veteran of the firm, needs to start his new job, said the people, who requested anonymity because the process isn’t public.
09/09/2014
IMA: Scottish groups running 11% of fund industry assets
In its annual asset management survey, it said assets from the fund industry managed in Scotland now stand at £560bn, worth just over a tenth of the total AUM.
09/09/2014
UK finance watchdog making plans in case of independent Scotland
Britain's financial regulator said on Tuesday it has done "basic contingency planning" in case Scotland votes this month to become an independent country.
09/08/2014
BNP Paribas Said to Curb Commodity-Trade Finance to Trafigura
The Trafigura executives said the move is part of a broader exit from the business by France’s biggest lender, according to one of the people.
09/08/2014
FCA in new conduct risk push for wealth management firms
Invitees will range from the largest private client firms
09/08/2014
Fund groups may face 5% profit hit
Analysts at Numis have predicted that asset management companies could face at least a 5 per cent hit on profits from proposed European regulation on research.
09/08/2014
FCA withdraws ‘high risk’ country list
The Financial Conduct Authority, the U.K.’s financial regulator, has pulled a controversial list of countries that the organization considers high risk for money laundering and financial crime.
09/08/2014
Linklaters first UK organisation to win EY diversity award
Linklaters has been named the first organisation in the UK to achieve a new equality standard launched by EY and a group of UK businesses including Nestle, Vodafone, RBS and Microsoft UK.
09/08/2014
Minster’s legal director Underwood joins Capita-owned rival Optima Legal
Minster Law’s director of legal services Craig Underwood has joined Capita-owned volume legal business Optima Legal as head of legal services today.
09/08/2014
World's premier law firm appoints Global chief talent officer
Over the course of his 25 years in business and 15 years in human resources, Peter has built a career as a leader and trusted advisor to executive levels of management in top tier professional services organizations.