07/07/2016
Standard Life’s 1825 imposes portfolio cap on SLI holdings
It is unclear whether such a cap is imposed across other vertically integrated firms.
Legal, Regulation & Compliance
07/06/2016
Eastern Mediterranean expansion: Interlaw adds Rokas and Tohme to global network
Rokas adds 30 lawyers to the network from its office in Athens, where the firm has expertise in the insurance sector.
07/06/2016
Clifford Chance Strikes Deal With Artificial Intelligence Provider
Clifford Chance has become the latest firm to sign a deal with an artificial intelligence provider, with the magic circle firm partnering with Kira Systems.
07/06/2016
FCA chief hints at property fund rule reform
So far none have, but the picture could change quickly if the panic caused by SLI’s move sparks wider outflows from the asset class.
07/06/2016
Banks urged to tackle IFRS 9 implementation in new Wolters Kluwer paper
IFRS 9 updates International Accounting Standards Board guidelines for the treatment of balance-sheet assets and is a replacement for its IAS 39 rubric.
07/05/2016
Three former Barclays bankers found guilty over Libor rigging
They had denied wrongdoing in a 14-week jury trial at Southwark Crown Court.
07/05/2016
UBS Says Ordered To Provide Swiss Tax Agency With French Tax Information
"The request concerns a number of UBS account numbers pertaining to current and former French domiciled clients and is based on data from 2006 and 2008," UBS, Switzerland's biggest bank, said in a statement.
07/05/2016
Ashurst joins forces with Axiom to help banks meet new regulations
It will then proceed to create new documents aligned to changes in variation margin rules and derivatives requirements.
07/05/2016
Ex-Barclays trio found guilty of Libor rigging
The Serious Fraud Organisation, which led the investigation, has 14 days to submit for retrial of Contogoulas and Reich.
07/05/2016
Brodies profits soar by 14% as investment strategy pays off
The firm reports that in its financial year to 30 April 2016 revenues grew by 12.4 per cent to £65.1 million.
07/05/2016
Points to consider for high net worth private individuals following the Brexit decision
Not surprisingly, given the state of bewilderment, absence of political direction and unknown constitutional implications, the overall message is to keep calm, carry on and avoid making any knee-jerk reactions – but do take some swift action to prot
07/04/2016
A Goldman Sachs partner denied banging his shoe on a table in anger at a former salesman
The relationship between the LIA and Goldman Sachs broke down in July 2008, after the LIA suffered losses on certain trades.
07/04/2016
Haynes and Boone's 10-year search for a London law office ends with acquisition of boutique firm
Haynes and Boone's search ended Thursday when it announced its intent to acquire Curtis Davis Garrard, a highly respected 20-lawyer boutique based in London.
07/04/2016
Brussels approves ‘misleading’ new legislation for retail funds
Investor rights groups and asset managers dismayed over Priips
07/04/2016
Samba Financial Group closes London branch
There is no substantial financial impact of this decision on the financial statements of Samba Financial Group.
07/04/2016
UK financial sector 'determined' to keep EU passport
Clearly we want to stay within the single market.
07/04/2016
Soaring legal eagles Lodders hunt more staff for Gloucestershire office
Corporate clients include big names in the real estate sector such as St Modwen, Spitfire Properties, Centaur Homes and private company IM Properties plc.
07/04/2016
IMF chief may be jailed for bailing out a French tycoon
As a result of the arbitration, Tapie was awarded the payout to be made by a state-run body in charge of settling the bank’s debts.
07/04/2016
Monday newspaper round-up: Robots, corporation tax, pensions, private equity
The weakness in the pound will absorb some of the shock of the Brexit vote as it weighs on domestic business spending in the next few months, according to the Confederation of British Industry.
07/04/2016
Brussels seeks clampdown on offshore trusts long protected by UK
EU officials say the new plans would focus on beefing up access to national registers of “beneficial ownership” already being put in place by governments.