08/06/2015
Serious Fraud Office launches investigation into Quindell
The insurance outsourcer revealed it paid founder Rob Terry £1.5m to leave the company following a share-dealing scandal
Legal, Regulation & Compliance
08/05/2015
FCA drops Libor case against ex-UBS trader
Koutsogiannis refused to give evidence during the trial
08/04/2015
Deutsche Bank Said to Be Probed by DOJ on Russia Mirror Trades
U.S. federal prosecutors are investigating billions of dollars of trades Deutsche Bank AG made on behalf of Russian clients as recently as this year, according to people with knowledge of the situation.
08/04/2015
HK regulator fines BNP Paribas $1.9 million for 'dark pool' trading
Hong Kong securities regulator said on Monday it fined French bank BNP Paribas HK$15 million ($1.93 million) for failures related to "dark pool" trading.
08/04/2015
So, this is what Tom Hayes’ former assistant at UBS is doing now
Where are they all now? A brief trawl of the internet suggests most have sunk into welcome oblivion.
08/04/2015
Ex-UBS, Citigroup trader jailed by London court for Libor rigging
In the first trial of a defendant accused of Libor rigging, Hayes had faced up to 10 years imprisonment for each count of conspiracy over the manipulation of London interbank offered rate Libor
08/04/2015
Deutsche Bank asked to pay former employee $3 mln in damages
The Financial Industry Regulatory Authority found Deutsche Bank liable to pay damages.
08/04/2015
Thomas Miller Investment Welcomes Review Into The Financial Advice Market
At Thomas Miller Investment we welcome that the government, through the FCA and the Treasury, is going to review the financial advice market.
08/04/2015
Crédit Agricole in ‘Advanced’ Talks on U.S. Sanctions Settlement
As a result, Crédit Agricole said that it was setting aside an additional provision of 350 million euros
08/04/2015
Collections departments must act now in advance of expected interest rate rise
Small window of opportunity for banks to prevent future defaults and millions in servicing debt collection, says Aspect Software
08/04/2015
Andy Warhol and Damien Hirst dealers investigated as buyers left with nothing
Police launch inquiry after couple sell gallery and move to France – as collectors and artists chase £500,000
08/04/2015
Wragges' investment funds team acts on half of IPO and secondary deals in 2015
Broker-Profile published details of the 20 IPOs/significant secondary issues, which raised £3.2bn in total, in its July newsletter.
08/04/2015
A Black Country law firm strengthens private client team
The law firm has strengthened its private client team with the appointment of five new members of staff.
08/03/2015
Greece Planned German Corruption Probes in ‘Grexit’ Scenario
Citing Greek government officials under condition of anonymity, Efimerida Ton Syntakton reported that the plan included opening corruption probes into prominent German companies
08/03/2015
European Union gets serious about data protection
Upcoming law tightens cyber breach enforcement
08/03/2015
‘Fortress Europe’ freezes Cayman Island hedge funds out
Hedge fund managers domiciled in the Cayman Islands, the US, Hong Kong and Singapore face uncertainty over whether they can sell their funds across Europe following a ruling by a European regulator.
08/03/2015
ESMA Recommends that the AIFMD Passport be Extended to Guernsey and Jersey
The European Securities and Markets Authority (ESMA) has recommended to the European Parliament, Council and Commission that the AIFMD passport be extended to Guernsey and Jersey.
08/03/2015
John Dalli’s fraudster associate Mary Swan likely to face Maltese justice
Mary Swan, a fraudster who accompanied former EU Commissioner John Dalli on a number of dubious trips to the Bahamas in 2012 to discuss “charitable” investment opportunities, is likely to face justice in Malta.
08/03/2015
Delta Lloyd seeks to resolve legal dispute with DNB
The court delivered a ruling last week in which it upheld DNB`s arguments for imposing a fine.
08/03/2015
Govt and FCA launch major review of financial advice market
A major review into consumer access to the financial advice market has been launched by HM Treasury and the Financial Conduct Authority.