08/02/2018
FCA statement on selling high-risk speculative investments to retail clients following ESMA’s action on CFD products
We fully support ESMA’s measures, which are designed to protect retail investors.
Legal, Regulation & Compliance
08/02/2018
Upper Tribunal upholds FCA decision to fine and ban Chief Executive
The Tribunal also directed the FCA to impose a fine on Mr Burns of £60,000 on the basis that he had breached the FCA’s Statement of Principle 7 by failing to ensure that TMI complied with its obligations under the regulatory regime.
08/02/2018
IOSCO report: Mechanisms Used By Trading Venues
The report also identifies the more recent development and use of price constraint mechanisms that, rather than simply halting trading, reject or constrain certain ordersto allow trading and price formation to continue.
08/01/2018
No FCA action against RBS after mistreatment of small businesses
City watchdog says its inability to discipline bank in no way means it condones behaviour
08/01/2018
ICO reveals fivefold increase in personal data breach reports
The GDPR places new obligations on employers to self-report qualifying personal data breaches to the ICO within 72 hours of a breach becoming known.
08/01/2018
Ogier advises Generali on €409 million Generali Worldwide Insurance Company Limited sale
Generali will receive approximately €409 million in base consideration
08/01/2018
An evaluation of our guaranteed asset protection insurance intervention
Our intervention has had a positive impact.
08/01/2018
Strengthening accountability: implementing the extension of the SM&CR to insurers
This consultation closes on Monday 1 October 2018, which is intended to ensure that final rules can be made in advance of implementation
08/01/2018
Former HSBC Trader Wins Battle Against US Extradition
Scott's British ex-boss and alleged co-conspirator Mark Johnson -- once HSBC's head of global cash foreign-exchange trading -- was convicted last year.
07/31/2018
ESMA finds shortcomings in national supervision of efficient portfolio management by UCITS
A recent peer review by ESMA, which assessed the level of compliance of six national competent authorities (NCAs) with its Guidelines on EPM, found a number of shortcomings in certain NCAs’ approaches when supervising the use of EPM by UCITS.
07/31/2018
EIOPA discussion paper: Resolution funding and national IGS
Based on this analysis, EIOPA proposes a minimum degree of harmonisation in the European Union.
07/31/2018
Supreme Court Provides Clear Guidance on Liability to Third Parties for Bankers' References
Burlington did not disclose to the Bank that they sought the reference on behalf of the Club or indeed any other party
07/31/2018
Adviser jailed over £14.5m Ponzi scheme
The case was referred to the City of London Police, the national lead force for fraud, by the Financial Conduct Authority (FCA) which became suspicious of the HBFS bank accounts.
07/31/2018
Six at Mourant listed in Legal 500's 'Hall of Fame UK' 2018
Jersey Partners Ben Robins, Giles Corbin and Jonathan Speck have been named alongside Partners in Guernsey, Jessica Roland, Gordon Dawes and Jeremy Wessels.
07/31/2018
The Future Trade Relationship - Herbert Smith Freehills
The White Paper has been politely welcomed in Brussels as a useful contribution to the debate but also with scepticism and requests for clarification.
07/31/2018
GAM suspends absolute return head over risk management
We are fully committed to remaining so. We have a strong and broad team in place, with real depth of talent and a long and successful track record.
07/30/2018
John Caudwell told to pay Nathalie Dauriac
A judge said that Nathalie Dauriac, 40, who met the tycoon when she worked at the private bank Coutts, had “clearly won” the dispute.
07/30/2018
Cyprus wins landmark arbitration related to 2013 crisis
Legal experts said the decision will act as a firewall against court actions against the state of Cyprus by people who lost their money in the 2013 dual economic and banking crisis.
07/30/2018
UK Proposes Enhanced Scrutiny of Foreign Investment by Dechert
The new process would be proportionate, targeted, predictable and transparent, striking a balance between encouraging foreign investment while addressing evolving national security threats.
07/30/2018
Enter the age of accountability
To understand how the Senior Managers and Certification Regime works