11/29/2011
KPMG sets dates for UK claims on MF Global cash
The administrator also moved to reassure MF Global investors when it said 10 days ago it would make interim distributions of money to clients before it had finally settled all positions.
Legal, Regulation & Compliance
11/29/2011
High Court demands for privileged communications between two top UK firms
The case relates to a collateralised debt obligation (CDO) funded by RBS and issued by Highland in 2008.
11/29/2011
UK regulator seeks record fine for PwC on JPMorgan case
PwC compiled reports for the FSA on the banks’ client-money holdings from 2002 to 2008 and failed to catch JPMorgan’s mistake.
11/28/2011
Only nine pay council tax in enclave for super-rich
Local authority investigates ownership of world's most expensive residential block where one-bedroom flat costs millions
11/28/2011
Europe’s watchdog to hunt down rogue products
Among other activities, the Paris-based authority is warning of a potential ban on certain rogue products, on a pan-European basis, says Steven Maijoor, Esma chairman. This is part of its programme to protect the investor.
11/28/2011
Big wave of financial regulation may damage Europe's economy - IMA
Speaking at The Lawyer magazine’s funds summit in Brussels, Richard Saunders (pictured) said there are about 35 separate legislative measures coming out of the European Commission that will affect the financial services industry.
11/23/2011
Boiler room fraudsters sentenced to nine-year jail time
The defendants allegedly posed as FSA-regulated advisers
11/23/2011
Big Four firm tasked to probe on rebates
The appointment has raised concerns over the cost of the FSA's ongoing research into platform remuneration
11/21/2011
Two pension funds file lawsuits against MF Global
The firm asserts misleading statements about its exposure to the European sovereign debt were made by the London bank
11/14/2011
Should intelligence agencies chase tax evaders?
As tax evasion cases increase by numbers, former BND chief says tax investigations is not part of the firm's 'core competence'
11/11/2011
UK's appeal on tax is under threat, PwC warns
The pressure comes as rival economies ease tax burdens for businesses
11/11/2011
Clegg orders inquiry into 'sex discrimination' by banks
The order comes after a research reveals high street lenders are guilty of refusing pregnant women mortgages and charging higher interest rates on business loans to female entrepreneurs
11/10/2011
FSA hits Dubai-based investor with GBP4m fine
The Financial Services Authority has imposed its biggest-ever fine on an individual, ordering a Dubai-based investor to pay £6m for market abuse in a case involving Reliance Industries, the Indian conglomerate.
11/09/2011
FSA fines major lender for failings relating to fund selldown
FSA fines major lender for failings relating to fund selldown
10/28/2011
Cyprus bank support bill slams with criticism - report
Citing an unidentified source, Stockwatch reports the draft law awards excessive power to the government.
10/26/2011
RBS dumps Herbies for Links on Highland case
The case relates to a collateralised debt obligation (CDO) funded by RBS and issued by Cooke Young & Keidan client Highland prior to the 2008 financial crisis.
10/25/2011
MiFID and MAD - the sequels
MiFID and MAD - the sequels
10/24/2011
Revenue and Customs office faces MPs' backlash after secret deals with bankers
Revenue and Customs office faces MPs' backlash after secret deals with bankers
10/24/2011
Firm 'misused' €56m of clients money
Firm 'misused' €56m of clients money
10/21/2011
Royal Bank of Scotland offices raided; Lloyds, Barclays and HSBC expected to be targeted next
Royal Bank of Scotland offices raided; Lloyds, Barclays and HSBC expected to be targeted next