02/17/2013
FSA Faces Legal Action over Mis-Selling Derivatives Review
The Manches-led group action has three months from the date the findings from the Pilot Scheme were announced to file the lawsuit.
Legal, Regulation & Compliance
02/17/2013
IT Monkey Takes On Greek Tax Evasion
“We must organize services better and cut routine procedures.”
02/17/2013
France Unveils National Plan To Fight Tax Evasion
The French Government intends to ensure more effective implementation of bilateral tax agreements
02/14/2013
EC unveils plans for 'Tobin Tax' in eleven nations
British business groups have warned that jobs and growth could be jeopardised by the controversial financial transactions tax officially unveiled by the European Commission.
02/14/2013
ESMA’s first risk report on EU securities markets claims calm and better investment conditions prevail
The report says investment conditions in the EU improved in 2012
02/14/2013
Dutch Bakers spin-off adds Luxembourg office and Turkey capability
Schuurmann joins Van Campen Liem as a partner and will work alongside Amsterdam partners Marc van Campen and Marcello Distaso
02/14/2013
Walker Morris builds regulatory team with Lloyds competition expert
Feaster-Gee has developed expertise in EU and UK competition law over two decades
02/14/2013
LG returns to Lawrence Graham in branding revamp
Despite the firm changing its branding and literature overnight, it continued to trade as Lawrence Graham LLP
02/14/2013
Wealthy French eye Belgian tax perks
“We’ve got loads of people coming every day asking us questions about setting up foundations,”
02/13/2013
Offshore asset disclosure comes to Spain’s wealthy expats
From the start of this year, the Spanish authorities will be expecting these expats to reveal all.
02/13/2013
SocGen Cooperating With Authorites on Libor, Chief Says
Societe Generale SA, which is investigating its contributions to interbank rate panels including the London Interbank Offered Rate, continues to work with authorities on the issue, Chief Executive Officer Frederic Oudea said.
02/12/2013
The Central Bank of Ireland Publishes Updated AIF Handbook
The AIF handbook also incorporates many of the changes requested by industry during the initial consultation process.
02/12/2013
OECD urges stronger international co-operation on corporate tax
Global solutions are needed to ensure that tax systems do not unduly favour multinational enterprises, leaving citizens and small businesses with bigger tax bills.
02/11/2013
Ex-Hedge Fund Boss Lost Claim Versus RBS on Ponzi Account
An SFO spokesman, said in an e-mail the agency continues to investigate a suspected Ponzi fraud.
02/11/2013
Goodwin Procter picks up Travers Smith property finance partner
He will serve the City firm’s standard notice period of six months and is not being put on gardening leave.
02/11/2013
Frontrunners emerge for Barclays general counsel role
Longstanding legal chief is set to step down when the bank finds a replacement.
02/11/2013
FSA secures High Court win against illegal land bank
The FSA said Banner-Eve and Cohen sold plots of land across the UK through companies
02/11/2013
UK fines UBS $15 million for failings in AIG fund sale
These failures led to UBS customers being exposed to an unacceptable risk of an unsuitable sale of the Fund. UBS also failed to deal properly with complaints from customers about sales of the Fund.
02/10/2013
Barclays closes controversial tax avoidance unit
The new chief executive of Barclays is to close the bank's controversial tax avoidance unit
02/10/2013
LSE deputy chairman Paolo Scaroni dragged into bribery scandal
The London Stock Exchange has been dragged into a bribery scandal in Italy