By combining compliance and financial crime with risk management, Deutsche hopes to break free from the shadows of its past, something which should allow it to become more dynamic in its regulatory obligations.
This means they shall no longer benefit from the relevant passporting regime and, as a result, will not be able provide their services in Luxembourg without authorisation by the CSSF.
It has been widely seen as a move to turn junior eyes back from US firms, which, without a thought for the bank balances of partners at UK firms, have sprayed NQs with salaries of over £140,000 (and that's not counting the bonus).
Not least, of course, in an English agreement that it is ‘fair’ – be sure you don’t overlook any cross-jurisdictional complications.
“Looking ahead, the Governing Council is determined to act in case of adverse contingencies and also stands ready to adjust all of its instruments, as appropriate, to ensure that inflation continues to move towards the Governing Council’s infl