01/23/2018
Ex-Credit Suisse Banker Spent Hidden Million on Wife's Jewelry
One cannot help but be struck by those numbers,” Jeanneret said.
Legal, Regulation & Compliance
01/23/2018
Prudential insurance was unnamed victim of HSBC's currency rigging settlement
HSBC admitted that its traders misused confidential information
01/23/2018
Asset managers under fire as impact of transaction costs revealed post-MiFID II
MiFID II requires investment managers to disclose additional transaction costs that are charged to their funds, on top of the established ongoing charges figure.
01/22/2018
Jersey banking law gets SEPA update
Jersey first became a member of the SEPA in 2015, when legislation was passed enabling payments in Euros to be made by Jersey banks direct to and from other member banks.
01/22/2018
International law firm launches client solutions brand
Bird & Bird is well known for its high standard of client service
01/22/2018
Offshore UK property owners to be listed by 2021
Over 75% of properties currently under investigation use offshore corporate secrecy
01/21/2018
Ukrainian media report Malta placed on list of offshore zones, Finance Ministry not informed
Malta's controversial Citizenship-by-Investment scheme, which is set to be extended, has received much interest from wealthy Russian tycoons.
01/21/2018
Merkel, Macron Join Forces on Regulating Cryptos
Both were in the city of lights to work on a joint declaration for a new Franco-German Elysée Treaty.
01/20/2018
Credit Suisse Plans Low Bonus Pool Increase for 2017
The bank is entering a final year of restructuring to focus on wealth management and investment-banking advisory services, reducing its reliance on trading-related businesses.
01/19/2018
Drafting limited partnership agreements under Luxembourg law - Ogier
The position under Luxembourg law is particularly straightforward as the Civil Code starts from the policy presumption that commercially negotiated contract terms are enforceable.
01/19/2018
FSCS to pay out £6m over collapsed DFM Strand Capital
In its 2018/19 business plan the FSCS noted in the past it has paid out large amounts over investment firms which have gone into default.
01/19/2018
HSBC shells $100 million to resolve front-running charge
In total, HSBC admitted to making profits of approximately $38.4 million on the first transaction in March 2010, and approximately $8 million on the Cairn Energy transaction in December 2011.
01/18/2018
Italian banks urge EU to relax rules on salary-secured loans
Industry sources estimate the proposed change to regulations introduced in 2014 would cut the combined amount of capital Italian lenders need to set aside by almost 1 billion euros
01/18/2018
Charles Russell Speechlys announces partnership with Aspiring Solicitors
As part of the partnership, Charles Russell Speechlys will run a number of events for Aspiring Solicitors members over the next three years
01/18/2018
FCA January 2018 regulation round-up
Herbert Smith Freehills - Financial regulation update
01/18/2018
House of Lords rejects public beneficial ownership registers for overseas entities
The UK’s House of Lords yesterday voted down a proposal that would have called for all overseas territories to implement a publicly-accessible register of beneficial ownership by 1 January, 2020
01/18/2018
Private client law giant snaps up sports specialist
The acquisition coincides with the law giant’s appointment of Darren Bailey, the former director of football governance and regulation at the Football Association, as a consultant.
01/18/2018
Tax Risk Update January 2018 - Farrer & Co
Our job will be to work with clients to find out whether what they are doing, or what they have done, has a tax consequence which could be open to challenge.
01/17/2018
BoE: FinTech in 2018-2020
Herbert Smith Freehills - Financial regulation e-bulletin
01/17/2018
Europe’s central banks pile into yuan
The role of the yuan has increased steadily since the International Monetary Fund included the currency in its Special Drawing Right basket from October 2016