03/22/2017
Europe Urged To Look To US Model On Fining Banks
Evidence from the U.S. shows that the judicial system is more effective in levying fines than the national.
Legal, Regulation & Compliance
03/22/2017
U.K. Serious Fraud Office to Decide Soon on Barclays Qatar Charges
Long-running investigation centers on Middle Eastern investment that helped bank withstand financial crisis
03/22/2017
Italy introduces a 'New Resident' regime to attract high net worth individuals
The implementation rules clarify how to request for the application of the new regime
03/22/2017
Spring Budget leaves HNWIs considering their options
The fairly negative perception of the government felt by many within the HNWI community has therefore endured.
03/22/2017
Linklaters makes up 26 in largest promos round since 2008
The round sees five women and 21 men given the nod.
03/22/2017
Funding litigation – Independent director considerations
When faced with the prospect of initiating litigation, we would expect an independent director to be in close contact with the fund’s legal counsel.
03/21/2017
FCA update on investment and corporate banking market study
, the FCA also launched a consultation on its proposed changes to the IPO process.
03/21/2017
FCA - Limitations on debt permissions
The webpage covers the six new debt limitations and actions firms should take.
03/21/2017
Herbert Smith Freehills - Financial regulation update
IBA LIBOR Code of Conduct: Contributing banks – Issue 4
03/21/2017
Culture in financial institutions: it’s everywhere and nowhere
Speech by Andrew Bailey, Chief Executive of the FCA, at the HKMA Annual Conference for Independent Non-Executive Directors.
03/21/2017
FCA investigating Redcentric after accounting errors
Independent review commissioned by Redcentric has now finished, with the FCA and FRC now launching their own investigations
03/21/2017
Insurance supervision at the PRA – speech by Sam Woods and report by the IEO
The UK has a world-leading insurance sector.
03/21/2017
Classic cars, booze and planes: FCA gives investors in HNW Lending tax-free status
Today, the Financial Conduct Authority (FCA) and HM Revenue & Customs (HMRC) gave HNW the approval to offer the lending as part of an Innovative Finance Isa (Ifisa).
03/21/2017
Fairstone to buy three more firms
The biggest threat to small IFAs is professional indemnity insurance and the Financial Services Compensation Scheme.
03/21/2017
Justice Dept. closed investigation into Deutsche Bank currency manipulation
The Justice Department would not comment on its decision to close the investigation.
03/21/2017
What the first Jersey insolvency case of its kind in 40 years means for the back door to English administration
We consider some of the salient points from the saga so far.
03/21/2017
Escaping from mistakes as to tax consequences in Guernsey – Gresh v RBC Trust Company revisited
What was the legal test set out by the Supreme Court in 2013?
03/21/2017
Coutts and Barclays embroiled in $740m Russian laundering claim
The Organized Crime and Corruption Reporting Project (OCCRP) broke the story of the Laundromat in 2014, but recently the reporters from OCCRP and Novaya Gazeta in Moscow obtained a wealth of bank records which they then opened to investigative reporters i
03/21/2017
Danske Bank, Nordea say cooperating with authorities in money laundering probe
At the time, our systems and procedures in Estonia were insufficient to ensure that we could not be used for money laundering
03/21/2017
Berwin Leighton Paisner pulls out of trade marks with nine-strong team to join Bristows
IP head to leave with trade marks team as BLP refocuses on core sectors