11/19/2019
FCA bans and fines ex-CEO after he took steps to reduce his tax liability
Up until 2010, Forsyth was paid between £5,000 and £10,000 per annum, which was not considered unreasonable for the work she was undertaking.
Legal, Regulation & Compliance
11/19/2019
Singularis v Daiwa: first Supreme Court case to uphold a claim for breach of the Quincecare duty of care
The Court of Appeal also noted in that case that, due to the sheer volume of payments made by banks every day, it would only be “in rare circumstances” that a banker would breach its duty.
11/19/2019
Guernsey Deal Value Up in First Half of 2019 Over Previous Six Months
Offshore region as a whole records busiest first half for M&A over past five years, Appleby reports
11/19/2019
Jersey Deal Volume Up 11% in First Half of 2019 Over Previous Six Months
The Crown Dependencies overall had a healthy start to the year
11/19/2019
German authorities raid ABN Amro offices in Frankfurt: company
Dividend stripping, known as cum-ex, typically involves cross-border trading of company shares around a syndicate of banks, investors and hedge funds to create the impression of numerous owners, each of whom was entitled to a tax rebate.
11/18/2019
London Stock Exchange lists QIIB’s $300m Sukuk
The issue was priced at fixed rate of 4.875 percent p.a, and this is the lowest pricing ever of this AT1 from the GCC.
11/18/2019
Better information exchange would improve supervision of anti-money laundering
It said the exchange of information should not duplicate efforts or impair either supervisor’s independence.
11/18/2019
European insurance regulators ramp up focus on climate change
The European Insurance and Occupational Pensions Authority (EIOPA) will focus its regulatory efforts in the coming years on climate-related risks
11/18/2019
EU must overhaul pensions; fees to blame
With government pensions on the decline, and occupational ones covering only a minority of citizens and pension needs, public authorities are asking EU citizens to save more and earlier for retirement.
11/18/2019
EU adopts framework for sanctions on Turkey
This decision is a direct follow-up to the Council conclusions of 14 October 2019
11/18/2019
Private debt fund growth continues
The authorities are also facilitating in ways that promote and ease access to this type of financing
11/18/2019
How America's oldest bank became a money laundering hub for post-Soviet Russia
Soviet banks were handled by a Russian aristocrat from the highest echelons of tsarist society
11/18/2019
Competition Authority probes FNZ / GBST merger
This date is the current statutory deadline by when the decision will be announced.
11/18/2019
Ex CEO paid wife out of salary to avoid tax
Mr Forsyth has referred the Decision Notices to the Upper Tribunal where the parties will present their respective cases.
11/18/2019
Open Finance: an opportunity for financial services by Sheldon Mills, FCA
Your input will be crucial in helping us understand how we can best contribute to the wider project
11/18/2019
FNZ / GBST merger inquiry
The CMA is investigating the completed acquisition of GBST Holdings Limited by FNZ (Australia) Bidco Pty Ltd.
11/18/2019
FCA bans and fines ex-CEO after he took steps to reduce his tax liability
Up until 2010, Forsyth was paid between £5,000 and £10,000 per annum, which was not considered unreasonable for the work she was undertaking.
11/18/2019
PIMFA Launches Mental and Financial Wellbeing Campaign
The campaign has industry widespread support and for any organisations that would like to be involved, they can visit the Financial and Mental Wellbeing: Financial Journeys Campaign microsite.
11/17/2019
Gardai join hunt for the missing OneCoin billions
The bureau may launch its own investigation into the sale of OneCoin, which falsely claims to be a digital currency similar to Bitcoin
11/17/2019
The regulatory agenda moves on
Regulators may need to consider changing from supervising entities to supervising activities