01/26/2016
Leading offshore law firm aooints new director
He has a loyal and growing following of clients who value his technical skills, his pragmatic approach and his super quick turnaround times.
Legal, Regulation & Compliance
01/26/2016
King & Wood Mallesons in Talks to Raise Capital in Europe, Review Finances
Fuller declined to comment on many specifics of the five-year plan, called “2020,” but said part of it would entail strengthening the firm’s European business, which he confirmed has struggled with some cash flow issues because of its &a
01/26/2016
UK Considers Allowing Iranian Banks to Resume Business in London
The Iranian banks are now working with regulators to get up to speed with new regulation such as capital requirements, risk management and governance, before restarting operations.
01/25/2016
Senior lawmaker urges UK banks to invest in IT to prevent failures
Britain's retail banks have been hit by a number of technology failures in recent years, causing inconvenience for hundreds of thousands of customers and prompting lawmakers to call for more investment in financial technology.
01/25/2016
Schofield Sweeney eyes growth following merger
Armitage Sykes traces its roots back to 1751 and has grown to become a leading practice in West Yorkshire.
01/25/2016
Exclusive: Whistleblowers ‘betrayed’ by FCA
The SME Alliance, an organisation which represents private companies who are in dispute with financial organisations
01/25/2016
South Korean court orders jail term for Deutsche trader for market manipulation
The Deutsche Securities employee, identified by the court as Park Do-joon, was at the time a senior vice president in charge of stock derivatives, according to Yonhap news agency.
01/25/2016
Tighter capital rules pose threat to German banks-banking group
The agreed rules are not yet fully in force but regulators continue to tighten the screws, a development that could hit the already weak profitability of Germany's banks hard, the BDB told a press briefing.
01/24/2016
Isle of Man resists offshore ownership register
The UK is publishing its first register of beneficial company ownership this year.
01/23/2016
European Shelf Companies from Vistra Poland -
SEs are primarily regulated by the EU, although national laws may apply if the SE is formed by way of a joint venture between two Member State companies.
01/22/2016
Swiss bank enters plea bargain in France over tax fraud: sources
Investigators found no evidence of this and the employee later retracted his allegations.
01/22/2016
Appleby wins Jersey Law Firm of the Year title at Citywealth Awards
During the presentation at the Grange City Hotel in London on Wednesday evening, Appleby, one of the world’s largest providers of offshore legal services, was also awarded the ‘Isle of Man Law Firm of the Year’ title and named runner-up
01/22/2016
Convict Libor brokers only if they played "significant" role, UK jury told
Libor, the London interbank offered rate, helps to determine the borrowing costs for trillions of dollars in loans worldwide.
01/22/2016
Deutsche Bank reinstates Frankfurt employee fired over Libor
Deutsche Bank has been forced by a German court to reinstate a Frankfurt employee whom New York regulators had ordered the bank to fire as part of a settlement over alleged interest rate rigging.
01/22/2016
JP Morgan's threat to leave if UK quits EU may bolster support for Brexit
British voters do not have much affection for investment bankers – many will see vague threats to go elsewhere as arrogant
01/22/2016
FCA proposes more flexibility for crowdfunding platforms
Crowdfunding refers to funding a project by raising small sums of money from a large number of people, typically over the Internet.
01/22/2016
HMRC tax dispute specialist joins global alliance of lawyers
London-based international law firm Edwin Coe has become a member of a global alliance of lawyers spread across 41 countries.
01/21/2016
Outrage as investment bank Goldman Sachs gives SIX-FIGURE sum to pro-Brussels lobby
The revelation that it is trying to influence the outcome of the upcoming in/out referendum on Britain's membership of the EU provoked outrage today
01/21/2016
Another Russian bank's license revoked
The decision was taken due to the bank’s failure to abide by federal laws regulating banking activities
01/20/2016
EU further delays vetting of hedge fund rules outside the bloc
A positive view means that asset managers based outside the EU would be given a “passport” to continue offering services to investors across Europe, replacing a system of country-by-country private placement authorisation.