07/14/2017
With Saudi Aramco in sights, FCA opens door to foreign listings
Some high-profile investors fear a weakening of safeguards for the UK stock market
Legal, Regulation & Compliance
07/14/2017
Wealth manager sentenced for fraud drops FCA appeal
In its own representation to the FCA against the decision.
07/14/2017
MiFID II Series #16 - The time for talking is almost over: FCA publishes MiFID II papers (PS17/14 and CP 17/19)
The FCA retains the view that any system that merely receives, pools, aggregates and broadcasts indications of interest, bids and offers or prices should not be considered a multilateral system
07/13/2017
International law firm lures finance partner from Locke Lord
Who led the banking and finance team at Locke Lord, brings significant experience in cross-border and domestic corporate finance.
07/13/2017
FCA warns it may intervene as millions take pension cash early
Report by regulator flags up widespread withdrawal under pension freedoms, as TUC says millions could face financial insecurity
07/13/2017
Isle of Man regulator steps up anti-money laundering crackdown
The Isle of Man financial regulator is taking action against anti-money laundering and terrorist financing with new guidance rules aimed at “avoiding a tick-box approach” to assessing the risk of customer involvement in such activities.
07/13/2017
Banks’ fund managers slammed for high fees and poor performance
Managed assets are acting more like index trackers, according to research
07/13/2017
Herbert Smith Freehills - Financial regulation update
FCA interim report: Retirement outcomes review
07/13/2017
Recognition for Appleby as Leading Lawyers
The Listing continues to provide reputable recognition and is a testament to the commitment of our lawyers to achieve the best results for our clients.
07/13/2017
UK pensions regulator vows to get tough after BHS scandal
Watchdog says its strategy is ‘no longer appropriate’ to regulate the industry
07/13/2017
Recruitment firms ‘dangerously exposed’ to criminal sanctions
Too many recruitment agencies still have their head in the sand when it comes to the potential severity of the punishments on offer
07/13/2017
FSCS pays out £105m for Sipp claims
The total FSCS compensation costs in 2016/17 were £375 million, in response to nearly 37,000 claims.
07/12/2017
FCA flags concerns about 'pension freedoms'
Consumers who access their pots early without taking advice typically follow the ‘path of least resistance’, accepting drawdown from their current pension provider without shopping around.
07/12/2017
Hong Kong and France strike deal on mutual recognition of funds
Hong Kong's Securities and Futures Commission and France's Autorité des Marchés Financiers have signed a memorandum of understanding linking their mutual fund markets.
07/12/2017
Herbert Smith Freehills - Financial regulation update
ECB Occasional Paper on dark pools in EU equity markets
07/12/2017
What Is Really Behind Freshfields' Poor Financial Results?
Amid standout performances from its magic circle rivals, Freshfields appears to have had a disappointing 2016-17 - but why?
07/12/2017
Incoming EU banking regulations are a ‘headache for everyone’, RBS fintech advisor says
That's not going to happen overnight because it requires a mindset change
07/12/2017
Glasgow Rangers – the "Big Tax Case"
Accordingly, it was deemed that payments by Rangers to the EBT should have been subject to deduction of income tax at source under the PAYE regulations.
07/11/2017
Europe to improve disclosure of ‘bad loans’ for all banks
The goal is therefore to digest the one trillion euro in NPLs accumulated over the last few years, and avoid throwing more on top of the pile of assets.
07/11/2017
Schaeuble Says Italy Bank-Liquidation Aid Shows Rule Discord
German finance minister says Veneto banks case raise questions