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Legal, Regulation & Compliance

10/18/2017

Regulators, firms and professional bodies urged to work together to close information loopholes

The Alliance cites a recent study commissioned by the Chartered Banker Institute which found that professionally qualified bankers have an extremely high level of professional pride in their work, compared to their non-qualified counterparts.

10/18/2017

Libyan Investment Authority V Goldman Sachs: Court of Appeal refuses permission to appeal

The Court of Appeal refused an application for permission to appeal made by the LIA on all grounds submitted.

10/18/2017

Home Office ‘illegal migrant’ crackdown to threaten bank clients

This opens up a Pandora’s Box of potential complications which could have far reaching effects on HNW foreign individuals’ ability to access their UK bank accounts.

10/18/2017

Norway's $1 trillion wealth fund wades into row over changes to London's listing rules

The changes to listing rules would cover relations between the company and its controlling shareholder, and whether smaller shareholders get to vote on independent directors.

10/18/2017

Isle of Man sets up specialist unit to combat cyber attacks

OCSIA will concentrate on identifying cyber security risks and developing strategies to guard against such threats on an island-wide, cross government and industry basis.

10/17/2017

Gibraltar FSC inks MOU with Securities and Exchange Board of India

The MOU is also expected to contribute towards strengthening the information sharing framework and add value to overseas mutual cooperation and regulation activities.

10/17/2017

Lloyds snubs £500m settlement bid as HBOS merger trial kicks off

The action group is reported to be seeking damages of about £600m.

10/17/2017

Herbert Smith Freehills - Financial regulation update

BoE guidance on SONIA

10/17/2017

Lloyds Can't Shake Troubled Past in Suit Over HBOS Takeover

The case is the second shareholder lawsuit relating to the financial crisis.

10/17/2017

French finance expert tells High Court she was called 'corrupt and in need of psychiatric help' by Phones4u billionaire founder John Caudwell as pair go to war over £10million

Phones4u billionaire set up wealth management firm with French financier

10/17/2017

FCA chief: Fees must give managers ‘sensible incentives’

I think this should be part of ensuring that fee structures contain sensible incentives for managers.

10/17/2017

Aegon must pay out on insurance policy in arrears

Aegon claimed the customer was uninsured because he had signed the application form for the policy and should be aware of the terms.

10/16/2017

As the quartet breaks up, central banking leadership flux looms

The spread of cryptocurrencies and other technologies threatens to weaken central bank control over the financial system.

10/16/2017

These are the top law firms and lawyers in Wales

Our extracts from the major survey of the law

10/16/2017

FCA rolls out Asset Management Authorisation Hub

The asset management sector is important for the UK economy.

10/16/2017

UK government issues response to report on Brexit and the Crown Dependencies

The UK Government and each of the Crown Dependencies signed an International Identity Framework Agreement in 2007–2008.

10/16/2017

EY hit with £2.75m fine for accounting misconduct

The decision follows the conclusion of an investigation by the Executive Counsel to the Financial Reporting Council, which commenced in August 2014.

10/16/2017

Gibraltar Publishes Draft Regulations for Blockchain Startups

Extensive work and research with leading industry experts then led to three public consultations on the subject

10/16/2017

Maltese journalist who exposed Panama Papers links killed by car bomb

One of the topics the veteran reporter examined was what the documents from the 2016 leak said about Malta.

10/16/2017

Danske Bank Under Investigation for Russian Fraud

The scheme was first uncovered in 2007 by Sergei Magnitsky, a Russian lawyer hired by Hermitage Capital Management, a hedge fund that was the alleged victim of the scheme.

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