10/18/2017
Home Office ‘illegal migrant’ crackdown to threaten bank clients
This opens up a Pandora’s Box of potential complications which could have far reaching effects on HNW foreign individuals’ ability to access their UK bank accounts.
Legal, Regulation & Compliance
10/18/2017
Norway's $1 trillion wealth fund wades into row over changes to London's listing rules
The changes to listing rules would cover relations between the company and its controlling shareholder, and whether smaller shareholders get to vote on independent directors.
10/18/2017
Isle of Man sets up specialist unit to combat cyber attacks
OCSIA will concentrate on identifying cyber security risks and developing strategies to guard against such threats on an island-wide, cross government and industry basis.
10/17/2017
Gibraltar FSC inks MOU with Securities and Exchange Board of India
The MOU is also expected to contribute towards strengthening the information sharing framework and add value to overseas mutual cooperation and regulation activities.
10/17/2017
Lloyds snubs £500m settlement bid as HBOS merger trial kicks off
The action group is reported to be seeking damages of about £600m.
10/17/2017
Herbert Smith Freehills - Financial regulation update
BoE guidance on SONIA
10/17/2017
Lloyds Can't Shake Troubled Past in Suit Over HBOS Takeover
The case is the second shareholder lawsuit relating to the financial crisis.
10/17/2017
French finance expert tells High Court she was called 'corrupt and in need of psychiatric help' by Phones4u billionaire founder John Caudwell as pair go to war over £10million
Phones4u billionaire set up wealth management firm with French financier
10/17/2017
FCA chief: Fees must give managers ‘sensible incentives’
I think this should be part of ensuring that fee structures contain sensible incentives for managers.
10/17/2017
Aegon must pay out on insurance policy in arrears
Aegon claimed the customer was uninsured because he had signed the application form for the policy and should be aware of the terms.
10/16/2017
As the quartet breaks up, central banking leadership flux looms
The spread of cryptocurrencies and other technologies threatens to weaken central bank control over the financial system.
10/16/2017
These are the top law firms and lawyers in Wales
Our extracts from the major survey of the law
10/16/2017
FCA rolls out Asset Management Authorisation Hub
The asset management sector is important for the UK economy.
10/16/2017
UK government issues response to report on Brexit and the Crown Dependencies
The UK Government and each of the Crown Dependencies signed an International Identity Framework Agreement in 2007–2008.
10/16/2017
EY hit with £2.75m fine for accounting misconduct
The decision follows the conclusion of an investigation by the Executive Counsel to the Financial Reporting Council, which commenced in August 2014.
10/16/2017
Gibraltar Publishes Draft Regulations for Blockchain Startups
Extensive work and research with leading industry experts then led to three public consultations on the subject
10/16/2017
Maltese journalist who exposed Panama Papers links killed by car bomb
One of the topics the veteran reporter examined was what the documents from the 2016 leak said about Malta.
10/16/2017
Danske Bank Under Investigation for Russian Fraud
The scheme was first uncovered in 2007 by Sergei Magnitsky, a Russian lawyer hired by Hermitage Capital Management, a hedge fund that was the alleged victim of the scheme.
10/15/2017
ECB still believes in eventual inflation, wage rise
The bottom line in terms of policy is that we are confident that as the conditions will continue to improve.
10/15/2017
London's Gold Crown Is Slipping
Basel III rules on lenders’ balance sheets may also hit market