10/10/2018
JPMorgan Wins Fight Against Indictment in French Tax Probe
Top judges say lower court must toss order to have bank tried
Legal, Regulation & Compliance
10/10/2018
Julius Baer Whistleblower Cleared in Data-Theft Case
In a case drawing international scrutiny, the Federal Supreme Court by a 3-2 majority rejected an appeal by Zurich prosecutors in the case involving former private banker Rudolf Elmer, who denied all the charges.
10/09/2018
Draft Markets in Financial Instruments (Amendment) (EU Exit) Regulations 2018
The draft SI itself is provided, alongside an explanatory policy note.
10/09/2018
BMO GAM to rename multi-manager funds and other strategies
'Important step' for business
10/09/2018
Robert Tchenguiz accuses Grant Thornton of conspiracy over fraud office probe
Robert Tchenguiz was arrested alongside his brother Vincent by the City of London police in 2011 as part of an SFO investigation into the collapse of Kaupthing in 2008.
10/09/2018
Carey Olsen advises Terra Firma
Parmaco is a fast-growing Finnish real estate company which specialises in building and renting high quality buildings for schools, day care providers and nursing homes.
10/09/2018
Cayman, UK resume crime-fighting cooperation
The agreement does not affect the threat that the British government may impose public beneficial ownership registers in the overseas territories through an order in council, if they have not been implemented by 2020.
10/09/2018
The importance of international co-operation
Speech by Megan Butler, Executive Director of Supervision - Investment, Wholesale and Specialists at the FCA, delivered at The Pan Asian Regulatory Summit 2018, Hong Kong.
10/09/2018
HBos banker behind £245m fraud must repay £130k
Scourfield, from Reading, admitted conspiracy to corrupt, money laundering and four counts of fraudulent trading last August and was jailed for 11 years in February 2017.
10/09/2018
FCA's former advice director dies
Linda joined the Financial Services Authority (FSA) in 2001.
10/09/2018
Citibank Europe fined for breaches of banking rules in Ireland
The breaches include failure to put in place the necessary governance, policies and procedures to implement the Code until two years and eight months after the Code came into effect
10/08/2018
RBS scandal fraudster and team reaped £1.9 million... Police turn the spotlight on action group after examining a dossier compiled by regulator
The 7,000 small investors who signed up to the group won a £200 million settlement from RBS in June last year, meaning the bank could avoid a high-profile court case.
10/08/2018
Barclays Told To Compensate Customers Over Mis-Sold Credit
The Financial Conduct Authority asked the banking giant to overhaul its lending practices when it learnt of the shortcomings, which were set out in a report from 2016.
10/08/2018
FCA's plan to stop repeat of Property fund fallout
Open-ended funds that invest in illiquid assets can encounter difficulties if significant numbers of investors simultaneously try to withdraw their money at short notice. An example of this occurred following the result of the UK referendum on EU membersh
10/08/2018
New FCA rules on pension transfer values set to shake up transfer market
Financial advisers surveyed by Royal London were in general in favour of this new method of talking to clients about whether transfers are a good idea
10/08/2018
FCA and SFC sign MoU on United Kingdom-Hong Kong Mutual Recognition of Funds
The MoU also establishes a framework for exchange of information, regular dialogue as well as regulatory cooperation in relation to the cross-border offering of eligible Hong Kong public funds and United Kingdom retail funds.
10/08/2018
FCA hits back at claims it fails to enforce law
FCA had a statutory objective to promote effective competition in the interest of consumers
10/08/2018
34 fund managers investigated for ‘hiding’ their fees
The City regulator is looking into companies accused of flouting new rules — but some say it isn’t doing enough
10/07/2018
UBS Accused of Bond Movie Tactics in Paris Tax-Dodging Trial
They used encrypted computers, had business cards without the lender’s logo and were told to switch hotels regularly, according to prosecutors.
10/05/2018
Asset-based lender launches equity release product
Mr Shaw said asset-based lenders were generally smaller organisations, which he believed strengthened the position to deal with complex cases.