10/30/2018
Did UBS Have a `Serious' Hiring Problem? Judge Asks at Tax Trial
Judge takes blunter stance after banker discredits witness
Legal, Regulation & Compliance
10/30/2018
SJP and Sesame are most complained about advice firms
As a whole, when complaints against St James's Place Wealth Management are factored in, SJP received 1,602 complaints
10/30/2018
Royal Bank of Scotland signs First Data for merchant services in UK
Worldpay Inc., in an 8-K filing with the U.S. Securities and Exchange Commission, disclosed the deal to end its referral agreement between its Worldpay U.K. Ltd. subsidiary and RBS in 2019.
10/30/2018
Cold calling ban to become reality in autumn
A draft of the full SI is published at Annex A of the consultation response document.
10/30/2018
Cryptoasset Taskforce publishes report on UK approach to cryptoassets
The Financial Conduct Authority (FCA) has today, as part of a Treasury (HMT) led Cryptoasset Taskforce published a report on the UK’s policy and regulatory approach to cryptoassets.
10/30/2018
Cryptoassets Taskforce: final report
It provides an overview of cryptoassets and DLT, assesses the associated risks and potential benefits, and sets out the path forward with respect to regulation in the UK.
10/30/2018
Sweden Finds Flaws in Nordea's Anti-Money Laundering Defenses
The review follows the warnings and fines Nordea and Handelsbanken got from the FSA in 2015 after deficiencies were found in their work to prevent money laundering.
10/30/2018
FCA hit by staff exits ahead of Brexit deluge
More than one in nine staff left the regulator in the last financial year, with headhunters saying executives can receive higher salaries elsewhere
10/30/2018
CMA confirms concerns about investment consultants
The new results were based on an extension to the previous sample dataset, following criticism from some of the major consultant firms.
10/30/2018
Lawyers build numbers for class action against NAB, Clydesdale
The TBLs at the heart of the dispute were purportedly fixed-rate loans, but RGL says they contained embedded or hidden swaps that were not disclosed to customers.
10/30/2018
FCA fines Liberty £5.2m for oversight failures
The third party undertook all administrative functions associated with the mobile phone insurance on Liberty’s behalf including all claims and complaints handling functions.
10/30/2018
Hong Kong and UK regulations clash
Some retail funds in Hong Kong do not meet UK requirements for local distribution under new agreement
10/30/2018
EU citizens to retain rights to remain in Jersey
The planned amendments to the Jersey Immigration Rules will launch the Jersey EU Settlement Scheme, which will begin in January 2019.
10/30/2018
An update on our approach to authorisation and our Brexit preparations
Speech by Sarah Rapson, Director, Authorisations at the Association of Professional Compliance Consultants (APCC) Autumn Conference.
10/30/2018
Carey Olsen repeats clean sweep of Tier One rankings in Legal 500 UK
"We would like to thank our clients and peers for their time and positive endorsements during the research process and our staff for their continued commitment and hard work."
10/29/2018
Russian Sovereign Wealth Fund Attracts Saudi Partner to Its Fund With China
RDIF and China Investment Corporation previously contributed $1 billion each to their fund, which has invested in more than 25 projects in the forestry, infrastructure, consumer goods, financial and other sectors since its establishment in 2012.
10/29/2018
Millions of women to share pensions windfall
Around 35,000 Lloyds pension scheme members are likely to receive a minimum refund of £500.
10/29/2018
Jail for fraudster trio who conned £415k
After entering the office they had suspicions that the company was set up as a boiler room.
10/29/2018
UK law firm snaps up rival
UK law firm Gordon Dadds snaps up rival for £34m
10/29/2018
FCA reveals jump in complaints to over 4 million
Firms need to be doing all that they can to reduce complaints