05/04/2018
Goldmans' Phillips: 'There will be losers' as MiFID II pushes larger sums to fewer funds
Goldmans awarded eight mandate over past six months
Legal, Regulation & Compliance
05/04/2018
IOSCO CPMI report on implementation monitoring of PFMI
The CPMI and IOSCO also reiterate that, according to the PFMI, an FMI should maintain sufficient liquid resources in a wide range of potential stress scenarios.
05/04/2018
PA360: MiFID II nudges wealth managers into financial planning
Under the second iteration of the Markets in Financial Instruments Directive (MiFID II), the manager has to set client objectives and subsequently build a portfolio, proving they had met them, she explained.
05/03/2018
ESMA Launches Bond Liquidity System Under MIFID II
The ESMA liquidity assessment for bonds is based on a quarterly assessment of quantitative liquidity criteria
05/03/2018
High-cost credit: what next?
Speech by Andrew Bailey, Chief Executive at the FCA, delivered at a New City Agenda event, Portcullis House, Westminster, London.
05/03/2018
Schroders acquires pan-European hotels investment and management business
The acquisition of Algonquin accelerates the growth of Schroders’ Real Estate business and complements its existing capabilities and expertise.
05/02/2018
Funds face challenging search for independent directors
The asset management industry could be looking for more than 400 new directors, but are the skills there or will the directorships be filled by a select few?
05/02/2018
UK won’t impose its will on the Isle of Man
It means places like the Cayman Islands and British Virgin Islands will be required to introduce a register revealing the beneficial owners of assets held in the jurisdiction.
05/02/2018
Former RBC FX trader suing bank for £13 million
He claims this is because he blew the whistle on a number of failings at the bank – which put senior managers’ noses out of joint – and is now suing the bank for £13 million.
05/02/2018
These are the leading legal brands in the UK
The index is compiled by market researcher Acritas, based on data from Sharplegal which interviewed 295 senior legal counsel on their law firms of choice.
05/02/2018
Russian billionaire Abramovich in Swiss court over debt case
The suit aims to recover alleged debts left behind by Abramovich's now-defunct Runicom trading firm, which was based in Switzerland until its bankruptcy in 2003.
05/01/2018
Peterborough legal company merges with historic rival
The newly created company offers international specialisms covering South Korea, Italy and Germany and its combined turnover of £12 million plus will propel it into the Top 200 law firms.
05/01/2018
Thousands of Scotland’s tax haven firms face being struck off
Striking off would clear such entities - and those which do not declare an owner - off the national register, forcing them to shut down.
05/01/2018
Chief Minister Meets UK Ministers to Address Constitutional Concerns with Amendments to Sanctions and AML Bill
“The speed with which the UK Government has intervened on this issue demonstrates the value of our close co-operation and our centuries of shared heritage.”
05/01/2018
Jersey Completes Multi-Jurisdictional Review of Exchange of Notes on Beneficial Ownership
This has ensured that the most adequate, accurate and current information is able to be exchanged quickly with the relevant law enforcement and tax authorities, in pursuit of the worldwide fight against financial crime.
05/01/2018
Finnish Self-Employed: Freelance provision requires reform
Finland has woken up to the difficulties created by the flexible world of employment and the inability of pension regulation to ensure suitable provision for the self-employed
05/01/2018
Regional groups defend BVI; UK votes on financial services today
Both CARICOM and the OECS have lambasted the UK for being ‘discriminatory’ to their British territories.
04/30/2018
UK searches for compromise over offshore ownership registers
Ministers try to broker deal to avoid defeat in parliament
04/30/2018
Vatican law seeks to keep charities, donations clean
Going forward, the current leadership has proposed changes that would eliminate a three-person board of auditors.
04/30/2018
Crackdown plan on Scottish limited partnerships
The proposals would apply to all limited partnerships in the UK.