04/16/2018
Carey Olsen assists Blue Water Energy in Norwegian oil firm investment
Mime Petroleum, an independent development and production company, was established by BWE and Sverre Skogen, chairman and CEO of Mime Petroleum.
Legal, Regulation & Compliance
04/16/2018
EU rules blamed for lack of pension income fix
The comments came as the government and regulators are considering whether to introduce a default retirement solution for people not taking advice when going into drawdown.
04/16/2018
Europe’s EBRD considers expansion in Africa
With abundant capital, European development bank broadens its horizons
04/16/2018
Hounslow drops Capita and heads for West Yorks
Hounslow will be permitted up to two members on the board.
04/16/2018
UK committee to summon Overseas Territories
Mr Mann said he would be chairing a “Treasury sub-committee inquiry into avoidance and evasion, aiming to unpick the failures of policy and resourcing that have allowed the tax base to be undermined”.
04/16/2018
Fiduciary managers sign up to new standard as regulators circle
Far-reaching probe addresses concerns over lack of competition and transparency
04/16/2018
Bahamas waits anxiously for news of EU ‘blacklist’ removal
The bloc’s finance ministers meet as part of the EU’s Economic and Financial Affairs Council, with whom the final decision rests.
04/16/2018
FCA: IFAs can sit on fund group boards as independent directors
Fund managers must have at least two independent directors on their boards and they should make up a minimum 25 per cent of board positions, the FCA ruled.
04/16/2018
How to outsource within a multi-asset solution
Given the chance to outsource to a multi-asset fund, many advisers will, understandably, do so.
04/16/2018
Carey Olsen advises AX1 on the launch of crypto mining ICO
Carey Olsen once again worked closely with the Jersey Financial Services Commission to shepherd the ICO through JFSC approval.
04/15/2018
The Financial Complexity Index 2018
Meeting the global challenge of local accounting and tax compliance
04/14/2018
Greek economy: Banks expected to pass the stress tests
This included Piraeus Bank, which many analysts were concerned would face problems due to its high volume of nonperforming loans.
04/13/2018
Moody’s links FCA action to cut in fund house credit ratings
Moody’s said it believes the new rules will lead to lower fees for consumers, but have significant implications for the industry.
04/13/2018
Metro Bank chairman faces rebellion after handing millions to wife's company
Vernon Hill handed £21m to Shirley Hill’s architecture firm InterArch
04/13/2018
European banks step up battle against major new reforms
“While the benefits from the post-crisis regulatory framework are clear, now is the right moment to examine how this framework has influenced banks’ capital markets activities,”
04/13/2018
Investors to get cheaper funds after watchdog action
The Financial Conduct Authority (FCA) has told asset managers that they must automatically switch investors to cheaper versions of funds.
04/13/2018
Pension schemes, funds licence extension
Occupational retirement schemes may be established for or by an employer/s or an association of employers whose principal purpose is the provision of retirement benefits to employees.
04/13/2018
Irish central bank warns firms to brace for major Brexit disruption
He called on financial firms operating in Ireland to prepare for the plausible worst-case scenarios as the final outcome of talks remains so unclear.
04/13/2018
Mishcon de Reya doubles last year's partnership intake with six making the grade
Two of the six new partners are women, mirroring the number of female partners promoted by the firm last year.
04/12/2018
Saudi’s General Investment Authority grants 4 French companies investment licenses
Al-Omar confirmed that SAGIA is working on establishing better practices and techniques that can facilitate the work for investors in the Kingdom