05/02/2017
Bank of Russia Officially Kicks Off Forex Brokers Regulation
The news doesn’t come as a surprise and has been widely expected by retail forex providers that have already received official approval from the central bank.
Legal, Regulation & Compliance
05/02/2017
The European Parliament Examines the Roles of Attorneys in Tax Evasion and Laundering Schemes
The studies are lengthy and full of interesting details and graphs.
05/02/2017
After Goldman loss, Libya’s SocGen case cloaked in secrecy
$60b oil-wealth fund fighting to recoup billions of dollars in losses on deals that soured during global financial crisis a decade ago
05/02/2017
Billion dollar merger of three city law firms marks biggest in UK history
Three London law firms officially merged yesterday, creating the sixth biggest legal practice in the world and generating more than €1 billion in annual revenue.
05/01/2017
Financial firms scramble to meet MiFID II deadlines
The survey says that financial firms spend approximately 4 percent of their budget on compliance as of now, but it could increase to as much as 10 percent by 2022.
05/01/2017
RBS lawsuit set to draw Fred Goodwin into court drama
Former chief a defendant in blockbuster £700m High Court lawsuit brought by investors
04/30/2017
Lack of language skills thwarting UK law firms expansion
UK law firms face a major problem in making inroads to the growing emerging marketplace - the ability to communicate in local languages.
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.'
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