3rd April 2019
Members of the European Parliament are voicing concerns about the rule of law in Malta and Slovakia following the murder of two journalists investigating corruption and organized crime in the countries. The parliamentarians on Thursday formally adopted the conclusions reached last summer by a working group established within the Civil… Read More
3rd April 2019
A no-deal Brexit would cause disruption and might also have an impact on liquidity in financial markets, the European Union commissioner in charge of financial services said on Tuesday in a stark reminder of the risks posed by a hard Brexit. The EU has put in place a series of… Read More
1st April 2019
Britain’s financial regulators have given European Union banks, insurers and asset managers more time to decide whether to continue serving British customers if there is a no-deal Brexit. Britain introduced a “temporary permissions regime” or TPR for EU financial firms to notify UK regulators if they want to continue serving… Read More
28th March 2019
AP — Swedish authorities were raiding the headquarters of one of Sweden’s largest banks on Wednesday as part of an investigation into whether Swedbank was connected to a massive money laundering scandal in the Baltic countries. Sweden’s Economic Crime Authority said chief prosecutor Thomas Langrot is probing whether 15… Read More
27th March 2019
Euro zone banks face no imminent risks from a no-deal Brexit, the head of the European Union agency responsible for handling failing lenders said on Tuesday. The reassuring message came as Britain grapples with its worst political crisis in decades ahead of an April 12 deadline to secure a deal… Read More
22nd March 2019
AP — The FIFA ethics committee has given a life ban to a South American soccer official who took bribes linked to the Copa America and Copa Libertadores. FIFA says Luis Chiriboga, a former Ecuador soccer federation president, has also been fined 1 million Swiss francs ($1 million). It is… Read More
21st March 2019
Seven big banks are moving around 1.2 trillion euros (1.03 trillion pounds) of assets from Britain to the euro zone as part of their preparations for Brexit, European Central Bank supervisor Ignazio Angeloni told Bloomberg. “We expect seven significant institutions to come under ECB supervision at the outset, of which… Read More
20th March 2019
Leaving the European Union is making it harder for fintech firms in Britain to recruit top talent, a report said on Tuesday, threatening to slam the brakes on a 7 billion pound ($9 billion)growth sector just as EU states step up competition. The Fuelling Fintech report from TheCityUK, which promotes… Read More
14th March 2019
AP — In a tentative first step toward ending months of political deadlock, British lawmakers voted Wednesday to block the country from leaving the European Union without a divorce agreement, triggering an attempt to delay that departure, currently due to take place on March 29. Parliament… Read More
8th March 2019
Britain must not go soft on anti-money laundering standards to win trade deals after it leaves the European Union, a panel of lawmakers said on Friday. The report on economic crime from parliament’s Treasury Select Committee (TSC) also called for better estimates for such crimes, and for a single supervisor… Read More