02/12/2018
Credit Suisse wealth manager jailed in Switzerland
A former Credit Suisse wealth manager has been handed a five-year jail term for a fraud worth tens of millions of Swiss francs.
Legal, Regulation & Compliance
02/12/2018
Banker failed to discipline colleague caught having sex in night club toilet
The scandal came to light after members of George Eleftheriou's team wrote a letter to his boss, Brian Colquhoun
02/12/2018
BIS and IMF to work more closely together to help strengthen financial supervisory skills around the world
IMF Managing Director Christine Lagarde said such efforts are a major part of the IMF's and the BIS's efforts to promote financial stability and support durable and inclusive economic growth, and are much more than just crisis prevention.
02/12/2018
Gibraltar announces plans for token legislation
A bill is expected to be considered by Parliament in the second quarter of 2018.
02/12/2018
Ashurst expands global litigation offering
She has also acted as chair and sole arbitrator in arbitration proceedings under the ICC International Court of Arbitration rules and as administrative secretary in international arbitration proceedings.
02/12/2018
FCA, PRA address algorithmic trading, as its use seen to grow
This report summarises our key areas of focus, and highlights examples of good and poor practice,” the FCA adds, noting that it is based on a number of “cross-firm reviews on themes related to alorithmic trading.
02/12/2018
Major advice firms shun Famr guidance policy
A spokesman for St James’s Place said: "Any attempt to provide greater clarity for consumers can only be a good thing."
02/11/2018
Vontobel agrees mutual settlement with German authorities concerning untaxed assets held by German clients
Payment fully covered by provisions, will have no financial impact on figures for current fiscal year.
02/09/2018
Ring-fencing: PRA modification by consent of Fitness and Propriety 2.7
The modification is available until 31 August 2018
02/08/2018
Commerzbank May Revive Dividend Scrapped in Restructuring
The results came less than a week after Deutsche Bank AG, it’s larger rival, posted its third consecutive annual loss
02/08/2018
Spain economy minister and Irish central bank head to compete for ECB post
Spain named Economy Minister Luis de Guindos on Wednesday as a candidate for the coveted vice-presidency of the European Central Bank, pitching him against Ireland’s central bank governor Philip Lane. The race to be the ECB’s number two kicks
02/08/2018
FCA and ICO publish joint update on GDPR
The Financial Conduct Authority and the Information Commissioners Office have today published an update on the EU General Data Protection Regulation.
02/08/2018
'Lender of last resort' took homes for loans of just £2k
The trial of Dharam Prakash Gopee concluded today at Southwark Crown Court with the jury returning a guilty verdict to the charges brought by the Financial Conduct Authority (FCA) for offences under the Consumer Credit Act 1974 and the Financial Services
02/08/2018
Withdrawal of the United Kingdom and EU rules in the field of banking and finance
These notices aim to prepare stakeholders for this event, setting out the consequences that the UK withdrawal will have on banking and finance rules.
02/08/2018
Art Dealer Quizzed After Billionaire’s Fraud Complaint
Such meetings can be the trigger of criminal proceedings and formal accusations.
02/07/2018
International law firm launches strategic citizenship and residence consultancy
Helping clients interested or needing to secure additional citizenships, or residency rights through investment programmes, will be an area of particular focus
02/07/2018
The Future of the City by Andrew Bailey
Speech by Andrew Bailey, Chief Executive of the FCA, at the Future of the City dinner.
02/07/2018
Bank of England Statements of Commitment to Market Codes
The principles of these Codes are important in promoting the integrity and effective functioning of these respective markets.
02/07/2018
The return of the Onshore Trust? - Ilott v Mitson
Some trusts can also have the benefit of supplying funds without depriving vulnerable persons of the means tested benefits on which they are reliant.
02/07/2018
Asset management roundup: French regulator examines fund fees
The regulator’s study also found that, in general, foreign funds charged slightly higher fees on average than French funds for equivalent asset classes.