02/24/2015
FCA considers asset management 'value for money' review
The Financial Conduct Authority is considering a review of the asset management sector that would look at how buyers of products receive value for money.
Legal, Regulation & Compliance
02/24/2015
Knighted hedge fund manager embroiled in embezzlement probe
Gregory King is among four Scots accused of syphoning £400 million through the crashed Gibraltar-based hedge fund Heather Capital
02/24/2015
New UK law could see bankers prosecuted for aiding tax evasion
Deal with France to allow UK use leaked HSBC files to pursue financial advisers
02/24/2015
Japanese law firm opens London Office
The firm will advise on all aspects of Japanese law
02/24/2015
Hogan Lovells Re-Appoints Nicholas Cheffings as Chair
Hogan Lovells has re-appointed London real estate partner Nicholas Cheffings as Chair of Hogan Lovells beginning 1 May 2015
02/24/2015
FCA fines Aviva Investors £17.6m for systems and controls failings
“While Aviva Investors’ failings were serious, the FCA has recognised that its actions since reporting its failings were exceptional. The level of co-operation during the investigation and commitment to ensuring no customers were adversely imp
02/24/2015
FCA sets out approach to Non-Executive Directors and the Senior Managers Regime
Non-Executive Directors (NEDs) with specific responsibilities, such as Chairman, will come under the new Senior Managers Regime (SMR), the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) has confirmed.
02/24/2015
US launches probe into alleged gold rigging by banks
It also said the Commodity Futures Trading Commission had subpoenaed HSBC Bank USA for documents related to its precious metals trading.
02/24/2015
UK watchdog softens impact of new finance rules
Non-executive directors at banks and insurers exempt from personal liability regime
02/23/2015
The Quiet Man Who Made Big Trouble for Little Luxembourg
Antoine Deltour sees himself as “just a little auditor” who copied some tax files
02/23/2015
Netherlands Supreme Court Justice announces move to Global law firm
He will leave the Supreme Court of the Netherlands on September 1st , 2015. He is the first Justice of the Supreme Court of the Netherlands to leave the Court to join an international law firm.
02/23/2015
Alexander Granovsky faces Israel lawsuit over bank debt
To this end, the bank has hired the services of Adv. Alon Pomeranc, head of the litigation department at the firm of Lipa Meir & Co.
02/23/2015
Eversheds comment: New UK NED regulations could help prevent next financial crisis
To the extent that the new measures can, in fact, prevent the next financial crisis, they should benefit the stability of the financial system.
02/22/2015
American international law firm Shortlisted for Financial News Awards for Excellence
The winners will be announced at a gala dinner in London on April 22.
02/22/2015
Financiers eager to make allowances for the European Banking Authority Simon Goodley
The regulator is in favour of the EU bonus cap. The banks have devised quite an obvious stratagem to defeat it. Your move, EBA
02/22/2015
Regulatory 'attestations' could be required of bankers
It's a word that managers in Australia's banks may not be familiar with, but should be: attestation.
02/20/2015
Swiss raid HSBC over laundering allegations
Swiss authorities Wednesday raided the offices of British banking giant HSBC’s Swiss unit as part of a money laundering probe into the bank that has been accused of helping clients dodge millions of dollars in taxes
02/20/2015
Deutsche Bank Fined $857,000 in South Africa for Rules Breaches
Deutsche Bank AG was fined 10 million rand ($857,000) by South Africa’s banking regulator for failure to comply with rules covering the detection of property linked to terrorism and other crimes.
02/20/2015
Helping Asian fund managers navigate through Europe
AIFMD has caused Asian fund managers to be more cautious about seeking investment from Europe but Guernsey helps provide a solution
02/20/2015
Russian watchdog challenges $25m deposit in Sergei Pugachev case
The Russian state body battling Sergei Pugachev, the exiled oligarch once known as the “Kremlin’s banker”, in a $2bn legal case is claiming the collapse of the rouble has left it too poor to make a court security deposit.