Vatican Bank “needs more reform”, report says
BBC News Online, 18 July
The Vatican Bank needs further reforms in order to show that it’s effective at preventing financial crime, a report by a European banking watchdog has said.
HSBC’s head of compliance quits over money-laundering
The Independent, 18 July
A senior HSBC executive resigned in front of a congressional committee last night, moments after senators accused the bank of laundering money for “drug kingpins” and rogue states such as Iran and Syria.
Union calls for pension fund to pull out of PPP over race dispute
Professional Pensions, 12 July
National Union of Rail, Maritime and Transport Workers has urged the London Transport Pension Fund to disinvest in Semperian, a public-private-partnership investment vehicle, because of the behaviour of one of its subcontractors, Carillion, which has been involved in a row about racial abuse.
Agius: FSA said Barclays governance was “best in class”
Money Marketing, 10 July
Barclays chairman Marcus Agius has rejected claims that Barclays was being “wrecked” by poor corporate governance, claiming that he was told by an official from the Financial Services Authority that it was actually the “best in class”.