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European Compliance

Compliance issues in the Eurozone are more pressing than ever, amid major changes such as data privacy, Brexit, global commerce, and the need to harmonize various international regulatory regimes. Compliance Week sees compliance not as an issue of any one nation or region, which is why we spotlight the regulatory, governance, compliance and ethics issues in Europe as part of our effort to bring you the most important information and insight from around the world.

Global Glimpses Blog

SFO: Ex-Deutsche Bank trader pleads guilty over EURIBOR manipulation

Jaclyn Jaeger | March 20, 2018

The Serious Fraud Office announced that an ex-Deutsche Bank trader pleaded guilty to conspiracy to defraud in connection with its ongoing investigation into the manipulation of the Euro Interbank Offered Rate (EURIBOR).

Global Glimpses Blog

Barclays, trying not to be the U.K.’s Wells Fargo

Paul Hodgson | March 20, 2018

As one of the U.K.'s top banks struggles with numerous scandals, its audit committee shows there is still a way forward.

News Article

U.K. co-op compliance failures raise regulatory questions

Neil Hodge | March 19, 2018

A series of compliance setbacks at prominent U.K. co-ops have brought increased scrutiny to both the co-ops … and their regulators.

News Article

Feedback has impact on FCA public register plans

Neil Hodge | March 13, 2018

The FCA has abandoned Financial Services Register plans that would have placed the responsibility for certifying the suitability of key people other than “senior managers” onto the firms.

Global Glimpses Blog

European Parliament: Companies to pay taxes where they earn profits

Jaclyn Jaeger | March 13, 2018

New EU rules would put an end to companies’ ability to use loopholes to avoid paying taxes— for example by shifting profits to EU countries with lower taxes.

Global Glimpses Blog

Report: Brexit ‘Red Tape’ will cost exporters £58 billion a year

Jaclyn Jaeger | March 13, 2018

Brexit red tape will cost around £31 billion for EU exporters and £27 billion for U.K. exporters, according to a new report by Oliver Wyman and Clifford Chance. Impacted firms must take steps now, they warn.

Global Glimpses Blog

FCA publishes discussion paper on transforming culture in financial services

Jaclyn Jaeger | March 13, 2018

The U.K. Financial Conduct Authority has published a discussion paper on transforming culture in financial services, presenting views from academics and industry thought leaders. The paper is intended to provide a basis for stimulating further debate on transforming culture in the sector.


A sting, a Picasso, and offshore tax havens

Paul Hodgson | March 13, 2018

A look at the scandal at Beaufort Securities, which switched from real estate investments to Picassos to launder money, because of the limited risk in the unregulated art market.

News Article

FCA calls for technology for ‘smarter’ regulatory reporting

Neil Hodge | March 6, 2018

In a bid to cut down on firms’ “burdensome” reporting woes while easing its own workload to review such reporting, the Financial Conduct Authority is seeking input on how technology could make regulatory reporting simpler and more consistent.

Global Glimpses Blog

Former Co-operative Bank chair banned from the financial services industry

Jaclyn Jaeger | March 6, 2018

The Financial Conduct Authority has banned former Co-operative Bank Chair Paul Flowers from the financial services industry after he was caught using his work phone and e-mail to conduct inappropriate phone calls and send sexually explicit messages.