08/17/2017
UBS loses senior quant risk specialists as juniorisation hits the middle office
These senior departures at UBS come at a time when demand is picking up for senior risk professionals with an understanding of model validation.
Legal, Regulation & Compliance
08/17/2017
Banco Popular investors launch legal bid to annul fire sale to Santander
The bondholders are not seeking specific damages.
08/17/2017
European Union To Link Emissions Trading System With Switzerland
The EU ETS is based on a ‘cap and trade’ system in which a cap is set on the total amount of certain greenhouse gas emissions that are allowed to be emitted by installations covered by the EU ETS.
08/17/2017
FDIC sues Barclays, RBS and other banks over Libor
Agency claims failed US lenders lost money because rate was manipulated downward
08/17/2017
New FCA advice definition keeps providers shackled
The FCA and industry to work together to find a way forward.
08/16/2017
Herbert Smith Freehills - Financial regulation update
MiFIR: draft Commission Delegated Regulation on package orders
08/16/2017
OneCoin Promoters Fined €2.6 Million by Italian Consumer Watchdog
The companies were sanctioned for utilizing pyramid scheme tactics and misleading investors through promotional materials and events.
08/16/2017
FRC consults on non-financial reporting guidance
High quality reporting enhances transparency and trust in business.
08/16/2017
PwC Fined $6.6 Million in Largest-Ever Sanction From Regulator
The admitted acts of Misconduct include failures to obtain sufficient appropriate audit evidence and failures to exercise sufficient professional scepticism.
08/16/2017
The UK company: a tax-efficient business vehicle for international investors
This article is the third of a series of articles that examines tax aspects of the UK company which make it an attractive international business company, or “IBC”.
08/16/2017
UK banks behind schedule in post-Brexit preparations - ECB
Frankly, the banks are not as far advanced as we would like them to be,” Sabine Lautenschlaeger, who represents the ECB’s supervisory arm on the board, said in a newsletter article.
08/15/2017
Do Mifid II and the GDPR have conflicting aims?
Mifid II brings a much higher set of expectations around conversation monitoring than previous legislation.
08/15/2017
FOS pension transfer and Sipp complaints rise
Half of the cases that made it through to an Ombudsman ruling were upheld.
08/15/2017
Wrongful Arrests Cops probing ‘Putney Bridge jogger’ reveal a SECOND man has been wrongly arrested after millionaire cleared of pusher crime hits out at police
Eric Bellquist says his wrongful arrest has left him 'very upset'
08/15/2017
UK wine investors get scammed
It is the latest in a series of fine wine investment scams uncovered in the UK in recent years.
08/15/2017
UK Trust Register - Withers
UK Regulations set out to implement the UK register of trusts were published in draft earlier in 2017 and came into force on 26 June 2017.
08/15/2017
British cybersecurity expert pleads not guilty to US charges
Hutchins is required to wear a GPS monitor, but Duffin said the court will consider removing that requirement once Hutchins has found a home in Los Angeles and is complying with the terms of his bond.
08/15/2017
HMRC is taking action after the Rangers EBT ruling: issues facing trustees
The issues that affected trustees should now consider are as follows.
08/15/2017
2017 non-dom changes confirmed: how can trustees and individuals prepare?
On 13 July 2017, the government announced that it expects to introduce a Finance Bill as soon as possible after the summer recess, re-enacting the withdrawn-provisions.
08/15/2017
BVI liquidators battle lawyers over legal costs in London court
The liquidators of Peak accepted that the Bank Monies were secured by the Candey’s charge