03/31/2017
Charity censured for selling £21m property for £6m
The disposal of the property was complicated by a particularly restrictive clause in the lease about the use of the property.
Legal, Regulation & Compliance
03/31/2017
Madoff Deals Locked in Safe at Center of U.K. Hedge-Fund Lawsuit
It may be seeking as much as $66 million in damages in its London lawsuit.
03/31/2017
Luxembourg joins the scramble for the European Banking Authority
The letter was also sent to the President of the European Commission, Jean-Claude Juncker, who is also the former Prime Minister of Luxemburg.
03/30/2017
Santander to pay $25.9 million to resolve subprime auto loan probes
The loans were then packaged into securities sold to investors.
03/30/2017
Alternatives: The growing demand for Sharia-compliant UK property funds
The first World Islamic Economic Forum outside the Middle East was held in London in 2013.
03/30/2017
Herbert Smith Freehills - Financial regulation update
Brexit: Prime Minister’s letter to Donald Tusk triggering Article 50
03/30/2017
General Data Protection Regulation in Jersey
The hefty fines underline the seriousness of the reforms.
03/30/2017
Insurer Lloyd's of London confirms new Brussels subsidiary
The company's continental business generates 11% of its premiums.
03/30/2017
Ulster Bank to close two City branches
“The changes announced will put us in a much better position to focus on the evolving needs of our customers and on our ambition to be the number one bank for customer service, trust and advocacy.”
03/30/2017
Chinese banks race to stay liquid, funded ahead of PBOC risk inspection Read more: http://www.dailymail.co.uk/wires/reuters/article-4363174/Chinese-banks-race-stay-liquid-funded-ahead-PBOC-risk-inspection.html#ixzz4coHppmoz Follow us: @MailOnline on Twi
Wealth management products (WMPs), often linked to shadow banking, have seen explosive growth in the last few years even as authorities try to contain risks from a rapid build-up in debt.
03/30/2017
UK financial services firms avoid £1.2bn of fines by settling with FCA
Liberal Democrat peer proposes rule change to current discount deal
03/30/2017
Ex-investment banker fined £37,198 after 'boasting' about deals on WhatsApp
He told others he had received a massive mandate from a different client who needed to raise funds and reduce debt.
03/29/2017
Herbert Smith Freehills - Financial regulation update
PRA consultation on IRB approach
03/29/2017
Cyprus property opens avenues to EU residency
Luxury residences bundled with citizenship schemes appeal to realty investors from the Middle East
03/29/2017
Deutsche Bank unit sentenced in US Libor manipulation
The London unit already had pleaded guilty and agreed to pay that amount in April 2015, after admitting to its role in manipulating the benchmark London Interbank Offer Rate, a key interest rate.
03/29/2017
Advice firms look to technology for regulatory answers
Now large advice firms are already eyeing its potential to help them reach more clients, through even more channels, without the compliance hangover.
03/29/2017
Collyer Bristow ranked in eprivateclient Top Law Firms 2017
The rankings are based on a survey of over 140 UK law firms based on data from 2016 with 46 firms being selected.
03/29/2017
'Majority of advisers want risk-based levy' - Aegon
93% want higher levies for risk-taking firms
03/29/2017
Thieves Steal World’s Biggest Gold Coin Worth Millions
Police believe at least two thieves used a ladder to climb through a window from a neighboring elevated railway bed and then carted the coin off in a wheelbarrow
03/29/2017
FCA to Name Names as Traders Mull Dropping Identity Suits
The change in approach on so-called third-party rights comes despite a surprise victory for the FCA on the issue in a landmark court ruling last week.