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.
Legal, Regulation & Compliance
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.
10/15/2017
ECB still believes in eventual inflation, wage rise
The bottom line in terms of policy is that we are confident that as the conditions will continue to improve.
10/15/2017
London's Gold Crown Is Slipping
Basel III rules on lenders’ balance sheets may also hit market
10/15/2017
EU rules force US banks to overhaul ties with auditors
Goldman, Citi, and Morgan Stanley among lenders that will need to alter arrangements
10/15/2017
RBS to lock horns with former lawyers in legal battle over a £200m payout
Royal Bank of Scotland shareholders are set to face their own lawyers in court in a row over how to divide a £200million payout they won from the bank.
10/15/2017
Regulators warn retail traders against cryptocurrencies
Growing number of sites allow customers to bet on fluctuating prices
10/13/2017
Herbert Smith Freehills - Financial regulation update
HMT: draft Risk Transformation Regulations 2017 for ILS
10/13/2017
Bank transfer fraud: why scammers want to steal your account
Which? gets the low-down from a fraud detective investigating banking crime
10/13/2017
Citigroup, Deutsche, HSBC agree Libor settlement
The three banks are among those the complaint was filed against.
10/13/2017
Riddle Of The Disappearing QROPS List
On October 10, a new list was released by HMRC without explanation.
10/13/2017
UK watchdog says sovereign listing plan in line with government policy
FCA in July proposed the new listing category in a move seen as helping London to court Aramco IPO
10/12/2017
Herbert Smith Freehills - Financial regulation update
Treasury letter on Brexit and financial services contracts
10/12/2017
Six Appleby Lawyers in Jersey Ranked by UK Guide
Jersey office Managing Partner Michael Cushing said: “We are delighted to have been recognised once again in the Legal 500 UK Guide for the work we undertake in Jersey."
10/12/2017
Embattled ex-HSBC Johnson Pushes Back on Allegations, ‘Fair all around’
Johnson continues to affirm his innocence surrounding the Cairn Energy deal despite mounting evidence against him.
10/12/2017
FCA fines and bans wife and bans husband financial advisor for lack of integrity
The payments were in the form of loans which, in the FCA’s view, were never intended to be repaid.
10/12/2017
EU weakens plan on bank deposits safety net, risks clash with ECB
But existing national schemes to insure depositors are considered insufficient in the event of a major banking crisis.
10/12/2017
French probe Danske Bank link to alleged Russian fraud
Investigation into suspected money laundering connected to Magnitsky case