New European regulations that will take anonymity out of cryptocurrencies could be the nascent market’s entry into mainstream finance, with legal experts predicting that new laws will convince more businesses and investors that payment innovations like bitcoin are legitimate.
The Royal Bank of Scotland Group PLC pushed back Monday in a London court on claims from a former chief executive of a software company who accused the bank of conspiring to force his business into administration and unfairly benefit from its sale.
European regulators last week finalized new digital payment processing security rules — but experts warn the banking and e-payment sectors that they cannot rest easy, as a catalog of further compliance demands awaits.
Britain’s Prudential Regulation Authority on Monday relaxed its rules on the proportion of loan-to-income mortgage lending financial institutions can carry out, in a bid to help firms cope with changes in demand.
Simmons & Simmons LLP said Monday it has expanded its financial practice with the addition of a partner to the international law firm’s London office from troubled King & Wood Mallesons LLP.
A top U.K. financial technology trade group announced Monday that it has teamed up with law firm Hogan Lovells to explore how burgeoning regulatory technology, or regtech, could help smooth out tangled financial rules in the US.
The European Commission on Monday appealed to member states to participate in an "action plan" to clear barriers to cross-border capital flows that restrict access to finance and add additional transaction taxes of €8.4 billion ($8.9 billion) a year.
The Bank of England’s regulatory arm said Friday it plans to update the standardized method used by smaller banks to calculate how much capital they need to withstand market shocks, in a move that could result in lower capital requirements for the U.K.’s challenger banks.
The world’s central banks should carefully weigh the risks around adopting blockchain because a sound legal underpinning for the technology remains far off, a global payments standard setter said Monday.
Plans to create Europe's largest stock exchange with the £24 billion ($30.1 billion) merger between the London Stock Exchange Group PLC and Deutsche Börse AG teetered on the brink after the U.K. exchange said late Sunday it couldn't sell a key Italian subsidiary to allay antitrust concerns in time for a Monday deadline.
An influential British lawmaker on Monday backed the government’s criticism of European Union plans to push controversial ring-fencing agreements onto large non-EU banks without formal consultation.
The U.K. Court of Appeal upheld a decision on Friday in favor of Credit Suisse International over the forced sale of the Caspian Energy Group Ltd., in a case centered on duties owed by the Swiss bank and the implied terms of a contract.
Finger-pointing between banks and regulators over a missed deadline for new securities swaps rules highlights the gap between regulatory blueprints and marketplace realities, leaving legal experts to predict more disconnects in the future.
HSBC Holdings PLC is appealing a European Union fine of €33.6 million ($35.6 million) over its alleged involvement in a cartel that manipulated prices for the key Euribor interest rate benchmark, the British bank said Friday.
A judge in London’s High Court ruled on Friday that a financial unit of ship-brokers Clarksons PLC is entitled to summary judgment for a negligence claim brought by the owner of Taiwanese shipping giant TMT Group over a 2008 derivatives contract breach.
A global consortium of central banks clarified on Friday when financial firms can issue certain debt securities to meet international rules setting out minimum long-term stable funding levels for banks.
Prospects for accessing the European Union's single market through the U.K. after Brexit "look dim," and European regulators will be watchful for British banks trying to create letterbox companies fronting for operations back in London, a senior German central banker said Friday.
Fear of running afoul of new rules on misconduct and manager culpability imposed by European regulators is adding to the impact of stiffer capital requirements on market liquidity, bankers and financial lawyers warned Thursday at a meeting of the leading trade body for the financial industry.
The U.K.’s Financial Conduct Authority has granted a last-minute reprieve to financial firms scrambling to meet new global derivatives rules coming into force on March 1, the regulator announced late Thursday.
Royal Bank of Scotland PLC said Friday that legal costs and regulatory fines soared to £5.9 billion ($7.4 billion) in 2016 from £3.6 billion a year earlier, pushing the British lender into a deeper loss for the year as it continued to struggle with the price of past misconduct.
Tom Hayes, the former UBS AG and Citigroup Inc. trader sentenced to 11 years in prison for rigging a key interest rate benchmark, is seeking to overturn his lifetime ban from the Financial Conduct Authority, partly on the grounds that it is "prejudicial" to his conviction appeal, his solicitor confirmed.