04/28/2017
Hedge fund boss 'broke glass over wife's head'
‘This trial is about a man systematically bullying his wife in order to control her.'
Legal, Regulation & Compliance
04/28/2017
British hacker stole $700,000 from Australian business, spent it on luxury lifestyle
Investigators discovered that Molloy was spending the money on expensive cars and jewellery in Surrey and west London, with the account emptied of all its funds.
04/28/2017
French launch investigation into football World Cup bids
Blatter questioned amid doubts over Russia and Qatar tournaments
04/28/2017
Malta scandal exposes New Zealand trusts again
New Zealand changed its laws on offshore trusts last year
04/27/2017
MiFID II: from challenge to opportunity by James Corcoran, Kx Systems
Perhaps the biggest challenge that firms will face is that of data capture.
04/27/2017
Fears grow over advisers’ investment due diligence
Costs are not the priority
04/27/2017
The UK Money Markets code
The Bank of England’s Money Markets Committee – comprised of market participants from a wide range of banks, other financial and non-financial institutions – has endorsed the Code.
04/27/2017
Herbert Smith Freehills - Financial regulation update
PRA: new Rulebook instrument
04/27/2017
EU Court rules in favor of Austria in tax dispute with Germany concerning profit-participation certificates
The Court concluded, that the phrase ‘income from rights or debt-claims with participation in profits,’ within the meaning of Article 11(2) of the treaty must be interpreted as meaning that it covers income
04/27/2017
Forsters upbeat as it posts 9% revenue growth despite flat real estate market
When people stop making decisions on real estate transactions, it has an impact
04/26/2017
Inaugural Guernsey Private Investment Funds launched
The PIF recognises that certain investment funds are characterised by a relationship between management and investors that is closer than that of a typical agent.
04/26/2017
Lloyds says ex-judge Linda Dobbs to review its handling of fraud case
Lloyds said will begin making compensation offers from late May onwards
04/26/2017
ESMA Working Group Lists Big Data Risks For Supervisors
Supervisors of financial institutions need to have the skill and ability to monitor the risks posed by the use of big data analytics
04/26/2017
Fears network members could disappear from FCA register
Each firm must appoint someone to carry out each senior function and inform the FCA who it is.
04/26/2017
Herbert Smith Freehills - Financial regulation update
ECB opinion on amending BRRD
04/25/2017
Grant Thornton fined £2.3m
This follows the conclusion of the Financial Reporting Council’s investigation relating to the audits of the financial statements of the AIM listed company AssetCo plc for the financial years ended 31 March 2009 and 31 March 2010.
04/25/2017
Judges Reject Banker's Claim to be a 'Genius' in Divorce Case
Mr Justice Holman had said the case “should be so easy” to settle as there was “plenty of money to go round
04/25/2017
The EU wants €2 billion from Britain for failing to stop Chinese crime gangs cheating tax
The gangs give the minimum price per kilo for things like clothes that pass through the ports, allowing them to avoid paying full VAT and excise on the goods.
04/25/2017
Employers Must Now Declare Gender Pay Gaps
The gender pay gap is the difference in average pay between men and women
04/25/2017
Appleby advise Kennedy Wilson Europe Real Estate PLC on Merger with Kennedy Wilson Holdings Inc.
It is intended that the merger will be effected by a Court-sanctioned scheme of arrangement of KWE under Article 125 of the Jersey Companies Law.