Prudential failed to deal with the FSA in an open and cooperative manner when it was seeking to acquire AIA in early 2010, because it did not inform the FSA of the proposed acquisition until after it had been leaked to the media on 27 February 2010.
The request for seals underscores the highly sensitive information within the cases, which stem from a global crackdown on banks involved with submitting false reference rates for various markets to benefit trading books.
This Review sets out significant changes to regulatory requirements and authorisation processes which, taken together, will reduce some of the regulatory barriers to entry into the banking sector and, as a result, enable an increased competitive challenge
The Swiss government's comments, however, left the door open to an alternative to an industry-wide settlement.
To better service its clients ahead of AIFMD, BNP Paribas continues to ramp up its global offering to better support asset managers and institutional clients throughout this latest implementation phase.
The creation of new banks to challenge the "big four" of RBS, Lloyds Banking Group, HSBC and Barclays
“Seeking documents from the Liechtenstein fiduciaries is an important investigative step,” which will shed light on “the roles of banks, of bankers outside of Liechtenstein,” the Justice Department wrote in the letter