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.
Legal, Regulation & Compliance
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
10/23/2017
General Data Protection Regulation compliance deadline approaching – are you ready? - TMF
Over the years the European Commission has taken steps to make Europe fit for the digital age.