16th May 2019
The European Commission is working on its largest regulatory push on banking since the financial crash that could curb Britain’s access to the bloc, according to an internal draft document seen by Reuters. In the 12-page strategy document, EU officials outline provisional financial services plans for the bloc’s executive body,… Read More
13th May 2019
AP — Switzerland’s attorney general is the subject of a disciplinary case related to his handling of a four-year investigation of FIFA that involves 25 criminal proceedings. The federal office overseeing the work of chief prosecutor Michael Lauber said Friday it is examining possible violations of his duties in the… Read More
8th May 2019
While Britain debates the merits of a second Brexit referendum, London’s financial centre is steering clear of the argument, resigned to the need to shift some business elsewhere. Burned by backing the ill-fated Remain campaign three years ago, major global and British banks told Reuters they would shy away from… Read More
2nd May 2019
AP — The president of the African soccer confederation has denied allegations of bribery against him made by a high-ranking official at his body who was then fired. CAF president Ahmad, who goes by one name, said he had no control over finances at the confederation after former secretary general… Read More
25th April 2019
Britain’s finance minister Philip Hammond began the search for a new governor of the Bank of England to help steer the world’s fifth-biggest economy, and its global financial center, through the upheaval of Brexit. Mark Carney, a Canadian, twice extended his term in charge of the British central bank as… Read More
25th April 2019
AP — Former Barcelona president Sandro Rosell has been acquitted of money laundering charges after spending nearly two years in prison. Court officials in Madrid said Wednesday there was not enough evidence for a guilty verdict on charges related to the sale of television rights for matches involving the Brazilian… Read More
24th April 2019
European Union regulators are refusing to cut British-based banks any slack over bulking up in the bloc in preparation for Brexit, despite an extension to the process which some have taken as an opportunity to drag their feet. Cost-conscious banks are reluctant to spend millions more and cause further disruption… Read More
23rd April 2019
The European Union’s system of financial-market access needs adapting to avoid disputes between the EU and Britain over rules after Brexit, a top UK regulator said on Tuesday. Andrew Bailey, chief executive of the Financial Conduct Authority, said future regulation in Britain will hinge on where the EU system of… Read More
18th April 2019
The weeks before Easter are usually some of the busiest of the year for bankers, lawyers and consultants in the City of London, as clients rush to get deals done before a run of public holidays. But this year comparatively little has been happening. City workers had been hoping the… Read More
16th April 2019
The United Kingdom is seeking input on its planned implementation of the European Union’s fifth anti-money laundering directive (5AMLD) as the government continues to negotiate an exit from the economic bloc. In a consultation paper published Monday, HM Treasury said it would seek stakeholder commentary on the directive through… Read More