02/11/2015
HSBC could face U.S. legal action over Swiss accounts
U.S. authorities are also probing whether HSBC manipulated currency rates
Legal, Regulation & Compliance
02/11/2015
European Investment Bank launches lending program in Africa
EIB Vice-President Pim Van Ballekom said the new program reflects a shared commitment to support private sector in Africa
02/11/2015
MPs: FCA bank regulation is still 'weak'
The Financial Conduct Authority's (FCA) regulation of banks is still weak, as it succumbs to the pressures of the big players
02/11/2015
EU commission hopes global standard will end tax evasion
The European Commission is hoping that a new global reporting standard will eradicate tax evasion and tax fraud in the wake of the latest revelations in Switzerland
02/11/2015
Belgian judge withdraws arrest threat for HSBC directors
The Belgian judge has charged the HSBC unit with tax fraud and money laundering, accusing it of offering diamond dealers and other wealthy clients ways of hiding cash and evading tax.
02/10/2015
Leading international law firm grows European Banking practice
The announcement caps a successful year for Weil, with the firm working on $75 billion worth of bids and financings in 2014, including more than 25 deals worth over $1 billion.
02/10/2015
Carey Olsen leading offshore law firm in AIM rankings
The latest guide pushes Carey Olsen decisively up to second place overall based on the number of AIM clients it advises with 45.
02/10/2015
Investment Association sets out plans to disclose portfolio churn
The Investment Association has set out plans for asset managers to disclose portfolio turnover rates to investors and give them an idea of how this compares to other funds.
02/09/2015
Libya fund tries to unmask ‘Person B’ in SocGen bribery case
Judge Henry Eder adjourned arguments about whether the names should be revealed
02/09/2015
Bermuda Responds to UK Opposition Leader Ed Miliband
It should be noted that Bermuda has in fact had a central registry, of the kind being introduced in the UK, since the 1940s, and has been a leader internationally in this area.
02/09/2015
US Probe Of Barclays, UBS Widens Forex Trading Investigation
Currency-linked investments marketed by Barclays PLC and UBS AG are under the scanner of the US Department of Justice
02/09/2015
International law firm announces new Managing Partner
Marcus has considerable experience in the management of the firm, helping to develop the firm's international offices; and for the last year has been the President of the UK Chamber of Shipping.
02/09/2015
Ombudsman orders Sippcentre to pay £13k for transfer delay
AJ Bell’s Sippcentre has been ordered to pay almost £13,000 into a consumer’s self-invested personal pension for delaying a pension transfer by around four weeks
02/08/2015
Consolidation surges in UK wealth management
Pricing pressures, low interest rates and additional regulation have combined to prompt consolidation in the wealth management industry as companies rush to exploit potential cost savings.
02/08/2015
Jersey Finance responds to Labour’s proposals on offshore tax evasion
Jersey has captured beneficial ownership information on a corporate registry since 1999 and this information is available to law enforcement agencies.
02/06/2015
Winning in court: Mishcon de Reya avoids potential £10m plus claim as case dismissed
Had the case been successful, claimants were planning on suing Mishcon for 'a sum in excess of £10m for consequential losses'
02/06/2015
How can wealth managers benefit from HNW divorces?
High net worth divorces throw up many issues for wealth managers as marriages end, portfolios are divided and suddenly there are two potential clients instead of one.
02/06/2015
FCA to assess whether further intervention on PPI needed
The FCA is to gather evidence on current PPI complaint trends to assess whether it is meeting its objectives of securing appropriate protection for consumers
02/05/2015
When will UK interest rates rise?
For even the averagely engaged private investor, the swirls of markets and economic data that emerges on a daily basis, often couched in language which seems designed to befuddle the world, can cause the private investor to ponder
02/05/2015
Norway's sovereign wealth fund steps up pressure on ethics
The fund has been accused of having too large an exposure to coal by both environmental groups and some Norwegian politicians calling for the fund to revamp its portfolio..