05/29/2012
The regulator says Leavey was carrying out a significant influence function without FSA approval, failing to oversee the segregation and protection of client money and approving misleading financial promotions.
05/29/2012
Based on search warrant applications, the SFO conducted no raids for the year to 31 March, compared to 47 in the previous year.
05/29/2012
The government took the unusual step of introducing retrospective legislation.
05/29/2012
A lower Italian court had initially sentenced Fazio to four years but that verdict was eased because some of the charges had lapsed due to the statute of limitations.
05/29/2012
The regulator said the move is part of a long-term initiative to improve battered public confidence in banks.
05/29/2012
The City regulator is seeking to impose a lifetime ban and a £3m fine on the manager of a $550m hedge fund for allegedly lying to investors in the months leading up to the fund’s 2009 collapse.
05/29/2012
The government of Singapore is inviting more foreign law firms to apply for Qualifying Foreign Law Practice (QFLP) licences and will start accepting applications from 1 July.
05/28/2012
A former head of fraud at Lloyds Banking Group has herself been charged with a £2.5m fraud, causing blushes at the part-nationalised bank.
05/28/2012
Zeltner said UBS had assets under management of over 300 billion francs in Europe, over 170 billion francs in Asia, around 110 billion francs in emerging markets and 130 billion in Switzerland.
05/28/2012
In the US, a gradual shift away from a commission model for advice started about two decades ago, triggered in part by brokers – employing financial advisers – keen to gain steady fee revenues rather than commissions on individual transactions
05/28/2012
Because JP Morgan's businesses are branches, UK authorities have only limited powers to act, with almost all authority resting with US watchdogs located more than 3,000 miles and several time zones away.
05/28/2012
Ireland’s oldest stockbrokers ordered to cease trading
The Central Bank alerted the firm last Thursday evening and has since ordered it to stop all regulated activities.
05/25/2012
Nearly four years after the banking system teetered on the verge of collapse, how much risk is being accumulated on the books of the surviving giant institutions? And what happens if we tiptoe back to the brink once more?
05/25/2012
The study, which was carried out among 1,530 executives from 16 different industries and 64 countries, identified organisational and cultural resistance as the most common barriers to internal audit's ability to step up and meet stakeholders' in
05/24/2012
Finma was established in 2009 shortly after UBS was bailed out by the federal government. Its activities cover the entire financial industry.
05/24/2012
Global law firm appoints M&A partner in London
He joins Jones Day from the London office of Dewey & LeBoeuf.
05/23/2012
Treasury Financial Secretary Mark Hoban told MPs the old system, put in place as one of Gordon Brown's first acts as chancellor, had failed.
05/23/2012
The UK’s financial services industry will have an advantage over the rest of the EU following the implementation of the retail distribution review (RDR), says Credit Suisse’s Matthew Spencer.
05/23/2012
Spain's National Court said Tuesday it has shelved an investigation into potential tax evasion against Banco Santander SA (STD) Chairman Emilio Botin and his family without pressing any charges.
05/23/2012
Linklaters has been named European tax firm of the year by International Tax Review, at its seventh annual European Tax Awards ceremony, held on 16 May, at The Dorchester Hotel in London.