06/12/2015
European regulators battle with derivatives reporting
One of the biggest challenges encountered so far is that EMIR requires both counterparties to a trade
Legal, Regulation & Compliance
06/12/2015
IFAs need to get to grips with Mifid II now, warns consultant
Advisers need to get to grips with the EU’s Markets in Financial Instruments Directive (Mifid II) now in order to make sure their businesses are ready for its introduction in 2017
06/12/2015
Upper Tribunal holds offshore structure which created a VAT advantage not abusive
Those engaged in wholly or largely VAT exempt activities suffer irrecoverable VAT on the costs of bought in services such as advertising. Individual businesses or sectors may therefore need to consider the most VAT efficient structure to use.
06/11/2015
Calls for investment trusts to fall outside Mifid
Both the Association of Investment Companies and the Wealth Management Association are continuing to lobby in Europe
06/11/2015
Bashing all bankers is stupid - but too many are STILL behaving like crooks, writes STEPHEN GLOVER
Some argue so-called 'banker-bashing' has gone far enough, but there is 'no reason whatsoever to believe that they or the people who run them have changed their ways or turned over a new leaf', argues Stephen Glover
06/11/2015
Legal review into money laundering stalled despite watchdog probe
A long-awaited government review into the UK’s anti-money laundering laws has been delayed, despite the country being up for assessment by the international standard-setter.
06/11/2015
Carney to extend market abuse rules to fund managers
This is in response to a number of recent scandals, especially within the banking industry
06/11/2015
International law firm launches global alternative legal services business
The new global business will bring together the firm's Belfast office with its Australian Information Logistics team and its London-based Disputes Data Management service to create a global team of approximately 240 lawyers, legal assistants and tech
06/10/2015
Deutsche Bank Raided in Tax Probe
A Deutsche Bank spokesman said prosecutors hadn't brought forward any allegations against the bank's current staff in relation to Tuesday's events and declined to comment further.
06/10/2015
Serious Fraud Office actively reviewing material on US action against Fifa
The government has confirmed that the Serious Fraud Office is actively reviewing material related to US action against the Fifa officials accused of corruption
06/10/2015
Belgium to Block ‘Vulture’ Funds From Profiting on Government Debt
Motion would affect funds that snapped up government debt at rock-bottom prices from countries teetering on the brink of default
06/10/2015
The Gibraltar FSC signs MoU with the Guernsey FSC
The MoU will serve as a formal agreement to strengthen co-operation between the two supervisory authorities, providing a gateway to exchange information and increase investigative assistance between the two organisations.
06/10/2015
Wealthy ex-wife settles for £1.6m after judge warns on legal costs
A wealthy property developer's wife is to receive over £1.6m in a settlement worked out after a judge urged the couple to spend no more money on their divorce battle after legal costs reached a "crazy" and "absolutely barmy"
06/10/2015
AO Hall and Maitland Chambers host first cyber-currencies conference in Guernsey
AO Hall and Maitland Chambers are hosting Guernsey's first-ever dedicated conference on digital currencies.
06/09/2015
Compensation for poor conduct has cost the world's biggest banks £200bn
The cost of compensating customers, paying fines and legal bills for the world’s biggest banks has increased to £200bn
06/09/2015
​Putin signs law on offshore assets amnesty
The law on capital amnesty elaborated by Russian Ministry of Finance was approved by Putin on March 25
06/09/2015
Hedge Funds Face $5 Billion Tax as Iceland Unveils New Law
Iceland presented legislation that will let it tax bank creditors trying to exit the $15 billion economy as the government unveils an historic bill to end capital controls.
06/08/2015
Brown Rudnick boosts Paris with restructuring duo
Brown Rudnick has bolstered its Paris team with the hire of partners from French firms De Gaulle Fleurance & Associés and August and Debouzy.
06/08/2015
DOJ readies fresh round of hefty bank settlements
The settlements involve mortgage securities that the banks sold in the run up to the financial crisis.
06/08/2015
Eurozone bank stress tests set for 2016: report
A stress test is a simulation of various scenarios of financial crisis that probes the strength of banks' balance sheets.