04/02/2014
Raiffeisen fights regulatory capital target -paper
A Raiffeisen spokeswoman confirmed the existence of an assessment
Legal, Regulation & Compliance
04/02/2014
FCA to probe wealth managers' use of in-house funds
The business plan has also committed to examining the requirement for a 15-year long-stop on financial advice.
04/02/2014
Two Britons Charged in Deutsche Bank-Related CO2 Tax Probe
Prosecutors are investigating about 25 people at the Frankfurt-based company in the case
04/02/2014
FCA faces threat of action over disclosure
Big institutional investors are taking legal advice about pursuing the City’s financial regulator after its botched disclosure of a market sensitive probe sparked a sell off of insurers’ shares.
04/01/2014
Bank of England Signs Yuan Clearing Agreement With China’s PBOC
The Bank of England signed an agreement with the People’s Bank of China to enable the clearing and settlement of yuan transactions in London as the U.K. vies to become a hub for trading the currency in Europe.
04/01/2014
Deutsche puts FX sales director in London on leave
Deutsche Bank AG, the world's largest currency trader, has placed on leave a director of institutional foreign exchange sales as part of an internal investigation into potential exchange rate manipulation
04/01/2014
Guidance on external audits of banks issued by the Basel Committee
The evolution of bank practices, the introduction of new standards and regulations over the last 10 years and the recent financial crisis warranted a thorough revision of the Committee's supervisory guidance on banks' external audits.
04/01/2014
BoE's Bailey says allowances to bankers "least worst alternative"
The EU's European Banking Authority and the bloc's European Commission are checking if such allowance breach the EU bonus rules.
04/01/2014
Cofunds blames 'scale of regulatory change' as profits fall to £4.2m
Investment trusts can have their advantages – but be wary
04/01/2014
Cordium – Best European Regulatory Advisory Firm
The last few months have been a flurry of activity for Cordium. In December 2013 it acquired Sigma Partnership, a London-based compliance and accounting firm.
03/31/2014
Men held over Vatican Bank 'three trillion euro bond fraud'
Italian police have arrested two men who were allegedly trying to deposit trillions of euros in fake bonds in the Vatican bank.
03/31/2014
Leading private client firm to appeal £1.6m negligence finding as former client also appeals point of judgment
Leading private client firm has confirmed it will appeal a recent High Court decision
03/31/2014
International law firm enters Formal Law Alliance with Singapore's Virtus Law
The firm also launched in Beijing around the same time, marking its fourth office in Greater China.
03/31/2014
Italian banks won't need aid after stress tests: association
Italy's banks will not require any state funds as a result of the European Central Bank's stress tests this year on euro zone banks
03/31/2014
Libya Fund Accuses French bank of Fraud
French bank paid a middleman $58 million in alleged bribes to secure almost $2 billion in business from Libya's main sovereign-wealth fund during the final years of dictator Moammar Gadhafi's rule
03/31/2014
FCA to probe wealth managers' use of in-house funds
The Financial Conduct Authority is to investigate the use of in-house funds by wealth management firms and private banks.
03/31/2014
Swiss probe banks over foreign exchange market
RBS, Barclays, UBS, Credit Suisse, Zuercher Kantonal Bank, Julius Baer, JP Morgan and Citigroup are being probed by Swiss competition commission, Weko.
03/31/2014
FCA to make rogue fund managers pay back bonuses
The Financial Conduct Authority is to scrutinise the pay and clawback measures for all regulated companies including the 2,100 FCA-supervised fund houses.
03/31/2014
FCA To Investigate Handling Of Disorderly Market For Life Insurers
The Financial Conduct Authority has said it will hire external lawyers to aid it in investigating its handling of events Friday, when the FTSE 350 life insurance index fell by as much as 7.1% amid press reports of a probe by the regulator into 30 million
03/31/2014
FCA business plan overlooks 'urgent' unfair FSCS issue
The Wealth Management Association has condemned the Financial Conduct Authority business plan, claiming the regulator is overlooking FSCS problems in its annual review.