Legal, Regulation & Compliance

02/02/2012

Market abuse: Is this a new era of FSA enforcement?

This week, meanwhile, the former UK CEO of J. C. Flowers, Ravi Sinha, was fined £2.87m and banned from working in UK finance for sending fake invoices to a company in which the private equity house had invested.

02/02/2012

London mayor pitches City to French

Nicolas Sarkozy, French president, is planning to introduce a financial transactions tax, while François Hollande, his Socialist rival in presidential elections this spring, has made it clear he sees banks and finance to be at the heart of his coun

01/30/2012

MF Global to return £778m to clients

Richard Heis, joint administrator at KPMG, told The Telegraph: "The bar date is a unique feature of the special administration regime, allowing us to set a deadline for client claim submissions, which ultimately enables us to speed up the return of c

01/30/2012

Baker Tilly International Revenues Grow 5 Percent

Consulting revenue increased 21 percent to $720 million, while accounting revenue climbed 15 percent to $520 million, and tax revenue grew 7 percent to $860 million. Auditing revenue, however, declined 7 percent to $1.1 billion.

01/27/2012

Transaction tax may weaken French position - regulator

The tax “could penalize our asset management industry” by pushing professionals and transactions elsewhere if France acts alone, Jean-Pierre Jouyet, president of the Autorite des Marches Financiers, said in Paris today.

01/26/2012

Hedge funds prepare legal battle with Greece

This is so worrying those negotiating Greece's private sector deal that many are trying to keep the final structure of a rescue package under wraps until it is done to prevent the funds from finding a legal edge, sources close to the talks say.

01/25/2012

Austrian Unions Eye Wealth Tax Package

Warning against the introduction of any measures that might merely serve to endanger growth or jobs in Austria, the organizations put forward a series of targeted tax proposals, expected to generate additional tax revenue totalling around EUR4.5bn.

01/22/2012

FSA wants bonuses to reflect PPI losses

The Financial Services Authority (FSA), the industry regulator, holds that institutions must bear in mind the costs of the compensation as bonus season begins in the City.

01/20/2012

FSA pressures banks to hand over MF Global UK client money

The Financial Services Authority has been involved in the discussions without taking formal action against any of the banks, according to two people with knowledge of the situation who declined to identified because the negotiations are confidential.