10/25/2017
U.K. Regulator Probes Equifax After Cyber Theft of Personal Data
The regulator has the power to fine the firm or even withdraw its authorization, which would prevent it from running credit checks in Britain.
Legal, Regulation & Compliance
10/25/2017
UK based investment management firm selects Maitland to provide ACD and fund administration services
The fund is now over £100 million AUM and has top decile performance in its sector.
10/25/2017
Solvassure launch first compliance platform for GDPR and the accountability regime
RegTech firm launches the first integrated compliance platform for GDPR and the accountability regime
10/24/2017
Top banker who bragged about making £5.5m by rigging markets during £2.7bn currency deal is found guilty of fraud
The US is seeking to extradite another British banker.
10/24/2017
Irish Bankers Tarnished Again as Mortgage Scandal Mounts
Pressure is now mounting on the banks, fueled by their tardy response to the affair.
10/24/2017
Herbert Smith Freehills - Financial regulation update
FCA publishes firm level complaints data
10/24/2017
Isle of Man announces assessment of practice for importation of aircraft
The Isle of Man Government works closely with HMRC and holds quarterly governance meetings on a range of VAT issues.
10/24/2017
Fast-Growing UK Media Law Firm Acquires London IP Boutique
The combined team will comprise 20 specialist IP lawyers working across Wiggin’s offices.
10/24/2017
€163m paid to customers in refunds and compensation a ‘fraction’ of money owed
Central Bank governor thinks ‘vast majority’ of 13,000 cases will be paid before Christmas
10/24/2017
The Commission approves the compensation granted to La Banque Postale to facilitate access to banking services
A significant number of disadvantaged people use La Banque Postale's Livret A to access basic banking payment services.
10/24/2017
Banks Win as EU Scraps Proposal to Split Off Trading Businesses
The trading operations of big banks are today smaller than they were before the crisis.
10/24/2017
Two directors banned over £1M fine wine scam
The Insolvency Service will take action against directors who do not take their obligations seriously and abuse their position.
10/24/2017
SFO sentences three in Bertling bribery case
Each played a significant role in the fraudulent activity.
10/24/2017
Ashurst considers opening Luxembourg office
But we have made no firm decisions as yet.
10/23/2017
FCA fines Merrill Lynch £34.5m for reporting failure
MLI agreed to settle at an early stage of the investigation and received a 30% reduction in their overall fine. Without this discount the fine would have been £49,320,000.
10/23/2017
PPI remains top complaint against banks
Banks can at least take comfort in the August 2019 deadline for complaints, although claims may still ramp up before then.
10/23/2017
Fund managers leave Fidelity after harassment claims
Asset manager called emergency meeting after allegations of inappropriate behaviour
10/23/2017
Appleby act as Jersey counsel to Kennedy Wilson Europe Real Estate merger
The merger was implemented by way of a members scheme of arrangement under Jersey companies law.
10/23/2017
PANA committee calls for increased focus on virtual currencies, new technologies such as FinTech
In the 2018 budget, special mention was made of the creation of a blockchain hub in Malta.
10/23/2017
ATS platform tech changes contribute to move to top of FCA complaints table
ATS acknowledged that platform tech and structural changes had negatively impacted the firm