Legislative news

The latest legislative news. If you have a piece of news that you would like us to cover, please contact us.

SWIFT to switch off Iranian banks

Posted on: 16 March 2012 | Source: Bobsguide

SWIFT has been instructed to discontinue its communications services to Iranian financial institutions that are subject to European sanctions...

Dodd-Frank confusion reigns among buy-side asset managers

Posted on: 12 March 2012 | Source:

Rule Financial launches the results of a study into the impact of the Dodd-Frank Act on the buy and sell-sides...

Exchange competition and HFT get hostile reception in UK market review

Posted on: 29 February 2012 | Source:

Asset managers question the wisdom of opening national stock markets to competition...

Financial scale of FTT charge will lead to a shift of business away from Europe

Posted on: 27 February 2012 | Source: EFAMA

EFAMA predicts that the Financial Transaction Tax will put many money market funds out of business...

Goldman Sachs seeks Volcker Rule exemption

Posted on: 14 February 2012 | Source: Goldman Sachs

Goldman Sachs Group Inc. is asking regulators to loosen proposed limits on bank investments in such pools...

EFAMA comments on proposed regulations for FATCA implementation

Posted on: 14 February 2012 | Source: EFAMA

The U.S. Treasury and IRS have released long-awaited proposed regulations under the Foreign Account Tax Compliance Act...

MEPs vote for 1 Feb 2014 Sepa deadline

Posted on: 14 February 2012 | Source: Finextra

Deadline of 1 February 2014 set for banks to migrate to Single euro area payment (SEPA) credit transfers and direct debits...

EFAMA comments on U.S. proposals to implement the Volcker Rule

Posted on: 13 February 2012 | Source:

EFAMA's response to the U.S. financial regulatory authorities’ consultation on draft implementing measures of the Volcker Rule...

UBS ‘rogue trader’ pleads not guilty

Posted on: 31 January 2012 | Source: Finextra

Kweku Adoboli, the UBS trader accused of racking up losses of $2.3 billion, has pleaded not guilty to charges of fraud and false accounting...

Sarkozy says France to tax financial transactions from August

Posted on: 30 January 2012 | Source: Bloomberg

France plans to unilaterally impose a 0.1 percent tax on financial transactions starting in August...

Regulators demand action on Legal Entity Identifiers

Posted on: 18 January 2012 | Source: Finextra

Regulatory authorities have called for the creation of a universal Legal Entity Identifier in their final report on OTC derivatives...

EU’s Financial Transaction Tax could increase FX costs by 9 to 18 times for Europe’s pension funds and businesses

Posted on: 17 January 2012 | Source:

Warning comes from research commissioned by GFMA’s Global FX Division...

Former UBS trader to fight £1.25m fine from FSA

Posted on: 14 December 2011 | Source: Bobsguide

Former UBS trader claims the practice was ‘encouraged’ at the firm...

EFAMA welcomes commission proposals on social entrepreneurship & venture capital funds

Posted on: 8 December 2011 | Source:

Two proposals published to further the Single Market on investment management...

HSBC fined £10.5m for mis-selling to elderly in care

Posted on: 5 December 2011 | Source:

Unsuitable sales prompt largest retail fine to date from the Financial Services Authority (FSA)...

 

 

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