The European Commission has asked the European Banking Authority to review the work of national supervisors responsible for Danske Bank, after revelations that the embattled lender's Estonian branch could have laundered billions of euros.
British motorists will need to secure international insurance certificates to drive in the European Union if the U.K. crashes out of the bloc in March without a Brexit deal, the Department for Transport warned on Monday.
Germany’s financial regulator said Monday that it has ordered Deutsche Bank AG to accept third-party supervision to ensure it complies with controls against money laundering and terrorism financing.
Two businessmen suing their former financial adviser for nearly £3.5 million ($4.6 million) in alleged pension losses have hit back at its attempts to dodge the suit, saying its suggestion that it was not required to provide advice on a tax deadline is “hopeless.”
A Brexit-supporting think tank set out an alternative plan for Britain's exit from the European Union on Monday that calls for swathes of Europe's financial rule books to be scrapped.
Britain's pensions regulator more than trebled the amount it handed out in fines in the year to March compared with the previous 12 months, even before it pledged in May to be "clearer, quicker and tougher," new data showed on Monday.