11/06/2019
KPMG denies that it plans to cut 10% of partners
KPMG was reported to be axing a tenth of partners in the UK before the end of the year, but the firm denies that it plans to do so
Legal, Regulation & Compliance
11/06/2019
Germany’s Scholz gives ground on eurozone banking union plan
Finance minister says Berlin should support common deposit insurance scheme
11/06/2019
Ireland's Finance Bill 2019 | Key International Proposals
The transfer pricing legislation will incorporate by reference the 2017 OECD Transfer Pricing Guidelines, the OECD Guidance issued in 2018 on Hard to Value Intangibles and the OECD Guidance issued in 2018 on the Transactional Profit Split Method.
11/06/2019
EU Exit: PRA update to SMCR "deemed approval" guidance on timing
The temporary permissions regime will allow EEA firms using a passport to operate for a limited period while they seek authorisation from the PRA if the passporting regime falls away when the UK leaves the EU.
11/06/2019
Positive Energy: Appleby Comments on an Active Energy and Natural Resources Sector
Appleby has reported another strong year in the energy and natural resources sector and has acted on a number of large energy, oil and mining deals during 2019.
11/06/2019
Nearly 4,000 ultrawealthy foreign investors have gotten dual citizenship through Cyprus' 'golden passport' program since 2013. Now, it's under investigation.
Cyprus is investigating corruption charges related to its "golden passport" program, which grants citizenship to foreigners who invest $2.2 million or more in real estate or local business.
11/06/2019
UK Supreme Court holds testamentary charitable gifts to Jersey were entitled to inheritance tax relief
The Supreme Court’s judgment provides helpful clarification for individuals in the UK who have made testamentary gifts to charities in Jersey by confirming that IHT relief applies.
11/06/2019
Partner at Linklaters law firm, 44, died of brain injury after tumbling over bike handlebars while not wearing helmet
The 44-year-old corporate lawyer died on September 2nd in hospital.
11/06/2019
Russian c.bank says data protection at banks must be improved -RIA
Data leaks have been in focus in recent months as the private data of thousands of banking clients has been made available online.
11/05/2019
Watchdog warns UK fund managers to avoid Woodford liquidity trap
For funds, liquidity refers to the ease of selling assets, critical for those that offer daily cashbacks to investors.
11/05/2019
FCA letter on effective liquidity management for AFMs
Government and FCA response to Work and Pensions Committee report on pension costs and transparency
11/05/2019
English Commercial Court examines the duty of good faith and fair dealing in commercial contracts
The decision is an important one on the implied duty of good faith/fair dealing.
11/05/2019
Paying debts using a National Insurance Number or Birth Certificate
Advice on why you cannot pay debts using your Birth Certificate or National Insurance Number.
11/05/2019
ECB Needs Europe to Spend More — And Gets An Extra Bonus If It Does
Uncertainty over government borrowing is one reason central bankers can’t easily work out how long they have before QE runs into the ECB’s self-imposed limits on how much debt it can buy, according to a euro-area official involved in the discu
11/05/2019
UBS Has Four Weeks in June to Fight $5 Billion French Fine
The UBS case is part of a French crackdown on tax fraud and money laundering operated through Switzerland that’s seen the conviction of a former minister and HSBC Holdings Plc pay 300 million euros to settle a case.
11/05/2019
AIB signals job cuts amid 'challenging' European conditions
AIB said the negative interest rate environment is “very challenging” for the sector and manifested in a negative 11basis points impact on its third quarter NIM of 2.32pc, due to average Euro excess liquidity of around €4bn in the quarter
11/05/2019
HSBC Insurance UK to offer monthly subscription
Mark Hussein CEO of HSBC Insurance UK said: "'Select and Cover' will redefine the way our customers buy insurance.
11/04/2019
Malaysian fugitive financier holds Cyprus passport – report
According to Politis Low came to Cyprus in September 2015 and obtained the passport under the citizenship by investment scheme within two days after investing in some property in the Famagusta district.
11/04/2019
ECB denies report it is pressing Deutsche Bank's CEO to split role
The FT had written that the ECB was concerned that Sewing's twin responsibilities could undermine the group’s radical restructuring and posed a potential conflict of interest.
11/04/2019
Knights scoop up Birmingham law firm for £4.7 million
The acquisition will bring an additional 28 fee earners to the Group.