02/04/2018
Cayman leads key UK lobby group
It also means Cayman will host the pre-Joint Ministerial Council meetings – which are typically held in late summer between the overseas territories leaders.
Legal, Regulation & Compliance
02/04/2018
Law watchdog broadens inquiry into claims of Hogan Lovells misconduct in South Africa
The claims have been made in a memo sent to the SRA by Paul O’Sullivan, a private investigator, at not-for-profit Forensics for Justice.
02/02/2018
Swiss private bank broke money-laundering rules in Brazilian cases: FINMA
FINMA has investigated more than a dozen Swiss banks in relation to the Petrobras and Odebrecht cases and launched four enforcement proceedings, one of which is pending
02/02/2018
Russian central bank to demand higher provisions for M&A deals
Nabiullina also said the central bank wanted to extend the deposit insurance system to depositors from small and medium enterprise sectors.
02/02/2018
Swiss regulator censures Gazprombank after Panama Papers
Bank banned from taking new private clients over failings on money laundering checks
02/02/2018
EBA launches 2018 EU-wide stress test exercise
The EBA expects to publish the results of the exercise by 2 November 2018.
02/02/2018
Pilatus Bank supervision comes under scrutiny of EU banking watchdog
European Banking Authority looks into MFSA's actions as regulator
02/01/2018
Swiss see no quick deal on new EU treaty
"That was never a decision of Switzerland. This was a communication of the European Union"
02/01/2018
FCA prosecution of individual in £1.4 million investment scheme
His sentence follows that of Dr Aleem Mirza, Michael Moore and Paul Moore who were also given sentences of imprisonment at an earlier hearing for their involvement in the investment scheme which attracted more than 300 investors.
02/01/2018
Sustainable Finance: High-Level Expert Group delivers roadmap for greener and cleaner economy
The financial sector has a key role to play in reaching those goals, as large amounts of private capital could be mobilised towards such sustainable investments.
02/01/2018
Anderson Strathern sees turnover nudge up
The firm was able to lift its turnover figure last year after bolting on dispute resolution practice ADLP and private client firm Jeffrey Aitken during the period.
02/01/2018
IOSCO recommendations for liquidity risk
The 2013 Liquidity Report was designed as a practical guide for authorities and industry practitioners and focused, for the most part, on the liquidity risk management of open-ended CIS.
02/01/2018
IOSCO issues recommendations and good practices to improve liquidity risk management for investment funds
The final report replaces the liquidity risk management framework contained in IOSCO´s 2013 report Principles of Liquidity Risk Management for Collective Investment Schemes.
01/30/2018
Has the FCA’s IFA register been reprieved?
Until very recently it looked inevitable that the FCA’s IFA register would fall by the wayside, despite opposition from advisers and the industry.
01/30/2018
Scottish Law Firm HQ for Anonymous Shell Companies
Shell firms were advertised as "Scottish zero-tax offshore companies" across the European Union.
01/29/2018
Top fund management consultancy to open in Europe
Casey Quirk is making a pitch for consolidating fund management groups on the continent
01/29/2018
High Court Finds Duty of Care Owed by Arranger of Capital Markets Transaction to Investors
The High Court has granted permission for the bank to appeal the decision.
01/29/2018
Register of ultimate beneficial owners in the Czech Republic
Beneficial owner shall be registered until January 1st, 2019
01/29/2018
KPMG's Audits of Carillion to Be Investigated: UK Watchdog
The investigation will be conducted as quickly and thoroughly as possible
01/29/2018
US files 'spoofing' charges against UBS, HSBC and Deutsche Bank
Deutsche Bank and UBS have agreed to pay $30m and $15m respectively to settle the civil charges in the case