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Legal, Regulation & Compliance

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.

06/08/2015

Three Swedish banks accused of mis-selling funds

Nordea, Handelsbanken and SEB are accused of selling funds that could be classed as “closet trackers”

06/08/2015

Asset Management Chief Suggests Companies End Quarterly Reporting

Change in law prompts call for companies to focus on long-term business goals

06/08/2015

Expat pensioners losing out as Government thinks they're dead

Elderly Britons overseas who've missed a deadline to prove they’re still alive have had their pensions stopped

06/08/2015

Banca Monte Paschi Belgio implements Wolters Kluwer regulatory reporting software

OneSumX Regulatory Reporting, part of OneSumX for Compliance, uses a single source of data to help ensure consistency

06/08/2015

Libor Trial Hears Global Banks Submitted Skewed Data

Numerous banks told the British Bankers’ Association they deliberately submitted inaccurate data, court at Tom Hayes trial is told

06/08/2015

Bellpenny completes two more IFA buyouts

Consolidator Bellpenny has completed two more IFA acquisitions bringing an additional £56m in funds under management and more than 250 clients.

06/08/2015

Ombudsman forces managers to make up losses suffered in late transfer

The Pensions Ombudsman has ordered two wealth managers to make up the investment losses incurred by a pensioner on the late transfer of his drawdown fund.

06/05/2015

Lloyds to get record £100m fine for mishandling PPI complaints

Bailed out bank Lloyds is set to be slapped with a record fine by financial watchdogs for mishandling payment protection insurance complaints

06/05/2015

Lloyds bank fined £117m over PPI scandal

Largest ever retail fine

06/05/2015

Luxembourg Signs MoU with Toronto Financial Centre

The visit focused on cross-border expertise

06/05/2015

Premier League Will Drop Barclays Sponsorship

The English Premier League will forego having a sponsor from 2016 on.

06/05/2015

Kirkland partner losses continue as capital market star joins Freshfields

Kirkland is one of the most competitive partnerships as regarding paying its partners and lateral hires.

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