Company News



One thing’s certain in 2014: bankers will get bigger payouts

The Guardian newspaper is reporting bigger bonuses for 2014

http://www.theguardian.com/business/2014/jan/05/certain-in-2014-bankers-bigger-payouts



EIB Urges Urgent Measures to Restore Confidence in Europe

Europe needs to take steps immediately to boost investment so the economy can recover and allow time for banking union to emerge, the European Investment Bank said. . .

http://www.bloomberg.com/news/2013-12-16/eib-urges-urgent-measures-to-restore-confidence-in-europe.html



EBA agrees on definition of identified staff for remuneration purposes

The European Banking Authority (EBA) agreed on its final draft Regulatory Technical Standards (RTS) on criteria to identify categories of staff whose professional activities have a material impact on an institution’s risk profile. These identified staff will be subject to provisions related, in particular, to the payment of variable remuneration. The EBA will submit the draft RTS on 16 December 2013 to the European Commission. They are part of the EBA work on the Single Rulebook aimed at enhancing regulatory harmonisation in the banking sector in the European Union (EU). . .

http://www.eba.europa.eu/-/eba-agrees-on-definition-of-identified-staff-for-remuneration-purposes



One arrested in FCA insider dealing investigation

The Financial Conduct Authority (FCA) with the assistance of the North Yorkshire and West Yorkshire Police has this morning executed a search warrant in Harrogate. One male, aged 49, has been arrested and is currently in custody to be questioned in connection with an investigation into Insider Dealing and Market Abuse. . .

http://www.fca.org.uk/news/press-releases/one-arrested-in-fca-insider-dealing-investigation



Lloyds bank fined record £28m for ‘serious failings’

Lloyds Banking Group has been fined £28m for “serious failings” in relation to bonus schemes for sales staff. . .

http://www.bbc.co.uk/news/business-25330366