A U.K. appeals court's recent broad take on the protections legal privilege offers companies against demands from government prosecutors in a dispute over a Serious Fraud Office probe re-enshrines the confidentiality at the heart of the attorney-client relationship and offers comfort to multinationals facing cross-border investigations.
London must remain the top global hub for clearing euro-denominated derivatives after Brexit, as to uproot the trillion-dollar-a-day industry would throw global markets into chaos, the City’s new financial sector policy chief said Tuesday.
The European Union’s top court on Tuesday told the EU that member states must sign off on aspects of a free trade deal with Singapore, in a decision that stands to impact the progress of negotiations with the U.K. as it exits the bloc.
European banks must put in place a single internal definition for transactions classed as leveraged finance deals and create suitable monitoring processes for such transactions under guidance published by the European Central Bank on Tuesday.
Television celebrity Noel Edmonds accused Lloyds Banking Group PLC on Monday of dragging its feet over compensation payouts to him and other victims of a fraud scam carried out by staff at its subsidiary HBOS PLC.
Banks could see their earnings suffer because of new European Union financial payments rules that risk weakening their proximity to customers and their ability to cross-sell products, ratings agency Standard & Poor’s warned on Tuesday.
The European Council officially rubberstamped new rules on Tuesday that will slash the red tape that financial institutions face when issuing debt and equity securities to investors, as part of the EU’s drive toward a capital markets union.
Tough new rules covering the €1 trillion ($1.07 trillion) money market funds sector were formally adopted by European Union lawmakers on Tuesday, bringing greater oversight to areas of shadow banking.
A key European banking industry group called on the European Commission on Tuesday to uphold payment systems rules drafted by regulators that are designed to protect data privacy, including a ban on so-called screen-scraping.
The U.K.'s Serious Fraud Office has asked Société Générale SA to hand over materials it received during its recently settled dispute with the Libyan Investment Authority, at the behest of U.S. bribery investigators, attorneys told a London court Monday.
Enforcement officials and security experts in London said Monday they are tracking flows of bitcoin in connection with a massive global cyberhack that paralyzed Britain's health care network last week, putting more unwanted focus on the unregulated cryptocurrency that has struggled for legitimacy.
The High Court was wrong to hold UBS AG responsible for bribes paid by a financial advisory service to the director of a German water utility in order to push through complex derivatives trades worth a notional $400 million, counsel for the Swiss bank told the Court of Appeal on Monday.
Britain’s top accountancy body on Monday published a framework for the vetting of bank capital numbers to provide greater certainty over key banking regulatory ratios designed to measure a firm’s financial strength.
Pillsbury Winthrop Shaw Pittman LLP has expanded its U.K. finance practice with the addition of two finance lawyers as partners to its London office, the international law firm said Monday.
A top European Central Bank official warned on Monday that it will be forced to rewrite equivalence rules to stop financial services firms from exploiting the fallout over Brexit to secure looser regulatory obligations from countries eager to accommodate them.
U.S. bank JPMorgan Chase & Co. agreed on Monday to buy an office building in Dublin big enough to accommodate 1,000 staff — the first sign of a major firm expanding in Ireland to allow it to remain within the European Union's regulatory framework after Brexit.
The European Central Bank said on Monday it will consider actions taken by banks to mitigate potential conflicts of interest when deciding whether new board members are “fit and proper” to hold their positions at Europe’s biggest lenders.
Britain’s financial regulator urged firms on Monday to brace for a second wave of the ransomware cyberattack that has hit 150 countries around the globe.
The Group of Seven leading industrial nations with democratric governments have pledged to strengthen their fight against cybercrime and redouble efforts to stamp out money-laundering, according to a post-meeting communique issued Saturday.
The Gibraltar Financial Services Commission said Friday it reached an agreement with two directors of a company that was providing professional trustee services to pension insurance schemes without regulatory approval, with the executives agreeing to step down from their roles and not reapply for regulatory authorization for two years, following an investigation of the pair's "fitness and proprietary."
Europe’s banking watchdog published final guidelines on sound credit risk practices and accounting for expected losses at banks on Friday, as the industry braces itself for onerous new accounting measures.