04/06/2015
Europe’s secret demands make banks a guessing game for investors
The secrecy surrounding Europe’s new capital targets is unsettling some investors and analysts who say they’re being kept in the dark about the health of the region’s banks
Legal, Regulation & Compliance
04/02/2015
Biba chief bemoans expensive regulation as FCA proposes 8.4% hike
White highlights brokers already face the most expensive regulation in the world
04/02/2015
Fiducaire Unit Facing Prosecution In Jersey
The Jersey court date has been set to start on 23 June 2015
04/02/2015
CAIA Brings Alts Education To Advisors
Robert Kendall, managing director in the global client group at Deutsche Asset & Wealth Management, says his company made the Fundamentals of Alternative Investments Certificate Program mandatory training for all of its wholesalers.
04/01/2015
Don't let divorce ruin your business by Claire Blakemore, Withers
A number of my clients have gone on to create successful businesses after their divorces
04/01/2015
FCA business plan released: supervision and financial crime remains key focus for 2015 by Kirsten Lapham, Withers
The Financial Conduct Authority released its Business Plan and Risk Outlook for 2015/16 last week. It sets out the key risks identified by the FCA to industry; the areas of focus for the upcoming year; and its approach to addressing the risks to its obje
04/01/2015
FCA to raise regulatory fees
The Financial Conduct Authority is consulting on plans to increase fees that regulated firms have to pay for the 2015/2016 financial year.
04/01/2015
Regulation for Digital Currency Businesses on the Isle of Man
Tynwald recently approved changes to the Proceeds of Crime Act in order to bring digital currency under the control of that Act.
04/01/2015
Exclusive: SNB Governor Jordan Establishes “Central Bank Risk Free” FX Hedge Fund
After shocking the forex markets and triggering billion dollar losses across the board, Thomas Jordan will spearhead a private fund predicting central banks' moves. "It takes one to hedge one," elite investors say.
03/31/2015
BoE stress tests to focus on Asia and the eurozone
This year’s test includes shocks such as a contraction of more than 2 per cent in the eurozone economy
03/31/2015
Islamic bond trial over $650m launches in London
A $650m legal dispute has been launched in London’s High Court that will offer a rare glimpse into the Islamic bond market, as well as banking and business practices in the Middle East.
03/31/2015
UK fund house caught up in Mauritian ‘Ponzi scheme' probe
A UK fund house has been forced to freeze redemptions on one of its funds, after becoming caught up in an investigation by the Mauritian regulator into an alleged Ponzi scheme.
03/31/2015
HSBC's attempts to clean up US business practices are falling short, report says
A 1,000-page report by the US Department of Justice to force HSBC to operate to higher standards says bank is not improving the way it does business fast enough
03/30/2015
Internationally mobile employees - Changes to Taxation of Share Awards
The UK is changing the way in which it taxes share options and share awards held by employees who move between countries.
03/30/2015
FCA hits retired accountant with £35k fine for insider dealing
"Market abuse is a serious offence and today’s fine reflects the fact that we will not hesitate in taking action against individuals who act on inside information. Carver’s fine level has been reduced due to his significant cooperation wi
03/30/2015
Wealth managers risk enforcement actions as FCA 'runs out of patience'
Daryl Roxburgh, global head of software provider BITA Risk, noted firms have largely moved on from Excel-based suitability standards to “more systematic” processes, but said the area remains a core focus for the FCA.
03/30/2015
Complaints on banking and credit cards up as total complaints fall by 7%
The total redress paid increased by 4% to £2.44bn in in the second half of 2014
03/29/2015
Breakthrough in RBS shareholder trial as judge orders bank to produce Fred's private mails
Royal Bank of Scotland has been given less than three weeks to hand over emails and other correspondence sent by former chief executive Fred Goodwin and former head of investment banking, Johnny Cameron, in the prelude to its October 2008 collapse.
03/29/2015
Blue-chip bankers lose £210m in hedge fund that collapsed after investing in derelict land in Scotland
The extent to which major investors had backed Isle of Man-registered Aarkad Plc, who channelled money into Heather, are laid bare in documents seen by the Sunday Mail.
03/29/2015
Central bank warns ABN Amro on corruption risks
The Dutch central bank has been highly critical of the way ABN Amro tackles the risk of corruption in Russia