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European Commission

FX Rigging Scandal: Why is nobody going to prison?

Every now and again, something happens in the banking sector that makes you amazed nobody is going to prison. Last week it was reported that the European Commission has fined four of the world’s largest banks for involvement in price fixing on the foreign exchange markets.

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How a small Irish village took on Europe’s financial elite

Ballyhea is a small and seemingly insignificant parish in County Cork in the south of the Irish Republic. But from 2011 to March last year, ...
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Talking dirty: the EU talks tough on AML

“US authorities have dominated the global AML landscape through the imposition of numerous huge fines for AML failings. But that has changed somewhat in recent ...
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European Commission Innovation Scoreboard 2019

European Commission’s Innovation Scoreboard 2019

The innovation performance of the EU and its regions is increasing Europe needs to deepen ...
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“US authorities have dominated the global AML landscape through the imposition of numerous huge fines for AML failings. But that has changed somewhat in recent years - US fine amounts have fallen while other jurisdictions, particularly in Europe, have imposed very large fines of their own,” explains Duff & Phelps’ head of UK regulatory consulting Nick Bayley.

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