RBS Trader Placed on Leave Amid Rate-Setting Probe

In a statement, the bank said, "Our investigations into submissions, communications and procedures relating to the setting of Libor and other interest rates are ongoing. RBS and its employees continue to co-operate fully with regulators."


IRS Extends FATCA Implementation Deadlines (For the Last Time?)

In response to continuing concerns raised by foreign financial institutions, the IRS has issued new guidance further delaying a number of the FATCA implementation deadlines in the form of Announcement 2012-42 (the “Announcement”), offering FFI


Esma rejects Aima/BVI challenge

The European Securities and Markets Authority has rejected last-ditch attempts by two trade associations representing fund managers to reconsider new guidelines aimed at strengthening investor protection and harmonising regulatory practices.