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

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 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

Royal Bank of Scotland has been fined $100m (£61m, 73m euros) by US regulators for violating US sanctions against Iran, Sudan, Burma, and Cuba. . .

http://www.bbc.co.uk/news/business-25341882#

Managing directors at banks in London are expecting a 44 percent rise in bonuses for 2013 even as European authorities seek to scale back compensation, according to a recruiter’s survey. . .

http://www.bloomberg.com/news/2013-12-16/london-bankers-expect-44-bonus-increase-survey-finds.html

Dealer revenue from negotiating interest-rate swap transactions is poised to plunge about 45 percent as new rules boost trading costs, pressures that may prompt banks to participate less in the $633 trillion over-the-counter derivatives market, Tabb Group LLC estimates . . .

http://www.bloomberg.com/news/2013-12-09/banks-poised-to-reduce-rate-swap-trading-as-revenue-seen-reduced.html

Bob Diamond, one of the most controversial bankers to emerge from the financial crisis and the man ousted as boss of Barclays after a direct intervention by the Bank of England, is making a dramatic return to the City with the launch of a new Africa banking business. . .

http://www.theguardian.com/business/2013/dec/08/bob-diamond-returns-city-africa-banking

Goldman Sachs has said it would move much of its European business out of London if Britain leaves the European Union. . .

http://www.theguardian.com/business/2013/dec/04/goldman-sachs-warns-london-exit-britain-eu

Executives of Europe’s biggest banks are under pressure to surrender their bonuses after six companies were fined a record 1.7 billion euros ($2.3 billion) for manipulating benchmark interest rates. . .

http://www.bloomberg.com/news/2013-12-05/europe-s-bankers-face-calls-to-forsake-bonuses-amid-fines.html

J.P. Morgan’s alleged failure to file a key federal document more than five years ago is emerging as a critical component of a Justice Department investigation into whether the bank provided adequate warnings about the fraud of Bernard Madoff, people close to the probe said. . .

http://hereisthecity.com/en-gb/2013/12/07/jpmorgan-said-in-talks-over-madoff-warnings/