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
16th April 2019
African soccer’s ruling body has fired a senior official after he made corruption accusations against the organization’s president in a potential blow to FIFA’s efforts to clean up the game after a raft of scandals worldwide. The Confederation of African Football (CAF) sacked general secretary Amr Fahmy after the Egyptian… Read More
14th April 2019
British finance minister Philip Hammond has fired the starting gun for the race to succeed Bank of England Governor Mark Carney, but concerns about Brexit may keep some potential contestants on the sidelines. Britain is unusual in throwing open the invitation to run its central bank to candidates from around… Read More
13th April 2019
AP — A special counsel’s office in Switzerland says it has closed an investigation into a regional prosecutor’s links with FIFA president Gianni Infantino. After reports in the “Football Leaks” series last November, a criminal proceeding for possible passive corruption was opened against Rinaldo Arnold, a childhood friend of Infantino. Read More
11th April 2019
AP — As if Brexit hadn’t spooked Britain and the European Union enough over the past three years, the two sides agreed early Thursday to extend the deadline to Halloween. The new, Oct. 31 cutoff date averts a precipitous and potentially calamitous Brexit that had been scheduled for Friday. “Please,… Read More
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