03/26/2013
Addleshaw Goddard boosts UK with eight promotions
Addleshaw Goddard will promote eight of the firm's lawyers to Partner with effect from 1 May 2013
Legal, Regulation & Compliance
03/26/2013
FSA fines Prudential £30m and censures CEO over failed AIA bid
Prudential failed to deal with the FSA in an open and cooperative manner when it was seeking to acquire AIA in early 2010, because it did not inform the FSA of the proposed acquisition until after it had been leaked to the media on 27 February 2010.
03/26/2013
FSA fines IFA firm £56,000
The Manchester-based firm advised 98 clients to invest a total of £3.1m in Keydata’s life settlement products between September 2005 and April 2009.
03/25/2013
SNR Denton makes all-female partner round with four EMEA promotions
This year's promotions come after the firm's EMEA arm made up three lawyers last year, with all of which were based in the UK, including two in London and one in Milton Keynes.
03/25/2013
Bradford & Bingley owner repays £4bn to taxpayers
Bradford & Bingley was nationalised after collapsing under a mountain of debt
03/25/2013
Withers reports UK turnover and profit rise for 2011/12
Turnover for Withers’ worldwide operations rose by 12 per cent last year
03/25/2013
FCA to probe fund management costs
Regulator to probe “complex” and “harmful” fund charges in the next financial year.
03/25/2013
Skandia considers charging shift after HMRC rebates ruling
HMRC confirmed in a briefing note this morning that rebates paid from 6 April 2013 will be taxed
03/25/2013
27 ISO certifications within the BNP Paribas Group in 2012
With a total of 91 ISO certifications (all standards), BNP Paribas Group remains the leader in ISO 9001 certification within the banking and Insurance domain:
03/25/2013
British regulator details new Libor rules
The Financial Services Authority has finalised new rules and regulations for financial benchmarks.
03/25/2013
British expats caught in drive to boost French taxes
Tax is indeed proving to be taxing for many inhabitants of France – including British expats
03/25/2013
FSA and Bank of England relax barriers to entry for new bank entrants
This Review sets out significant changes to regulatory requirements and authorisation processes which, taken together, will reduce some of the regulatory barriers to entry into the banking sector and, as a result, enable an increased competitive challenge
03/24/2013
Iceland Indicts 15 Over Financial Crisis
These are quite big cases by any measurement, they're my biggest cases so far
03/24/2013
Speechlys and Withers in talks over £170m merger
“What it’ll end up with is the world’s biggest private client firm."
03/24/2013
Gide trio quit firm for boutique venture
The news follows the recent departure of Gide corporate partners.
03/24/2013
BNP Paribas expands its global set-up for AIFMD
To better service its clients ahead of AIFMD, BNP Paribas continues to ramp up its global offering to better support asset managers and institutional clients throughout this latest implementation phase.
03/24/2013
FSA to set out proposals for new banks to challenge high street 'big four'
The FPC's pronouncement on the actual size of the shortfall are expected on Wednesday, shortly after the Financial Services Authority (FSA) sets out proposals to enable new banks to be set up more easily by allowing them to hold less capital than hig
03/24/2013
U.S. Seeks Answers in Liechtenstein on Tax Cheats
“Seeking documents from the Liechtenstein fiduciaries is an important investigative step,” which will shed light on “the roles of banks, of bankers outside of Liechtenstein,” the Justice Department wrote in the letter
03/20/2013
Credit Agricole to appeal against Emporiki tax decision
The capital boost was a condition of Credit Agricole's sale of Emporiki to Alpha Bank of Greece, which closed last month.
03/20/2013
IMF Chief’s Home Searched by French Police
The court opened its investigation into whether there was “complicity in forgery” or “complicity in misuse of public funds”.