05/04/2017
Herbert Smith Freehills - Financial regulation update
FCA policy statement on remuneration in CRD IV firms
Legal, Regulation & Compliance
05/04/2017
'PIMPED OUT BY BOSS' Married banker, 36, ‘pimped out’ to wealthy Arab client in bid to land £25m account and ‘threatened with the sack if she didn’t go for dinner date’
The woman claimed the client bombarded her with love songs and inappropriate text messages
05/04/2017
Tom Kalaris' boutique reveals board line-up after FCA gives green light
The business will operate as an independently regulated company.
05/04/2017
RegTech as a driver for regulatory and compliance cost reduction
In the wake of the growing regulatory and compliance burden, financial services firms are increasingly looking at ways to decrease the costs for implementation and monitoring.
05/04/2017
Fears savers are being tricked OUT of gold-plated final salary pensions
The financial regulator is set to look at advisor rules around the issue later this year amid the fears - but this could come too late for some people.
05/04/2017
Guernsey unveils new pension supervisory framework
Firms providing pensions have always been subject to licensing and supervision
05/04/2017
IoM regulator to publish members’ conflicts of interest
No fewer than seven members, which includes the chief executive, are appointed by the Isle of Man Treasury to the FSA.
05/04/2017
Macron lodges complaint with French prosecutor over offshore account allegations
Nobody was named in the complaint
05/04/2017
International law firm agrees local law tie-up in Singapore
This is an exciting development and demonstrates our commitment to continuing our growth in Singapore.
05/04/2017
Basel 3, an international capital-adequacy standard, is unloved but much needed
Its many and detailed provisions are being phased in gradually and have been reviewed and adjusted several times.
05/04/2017
Will EU’s new data reg hit your bank?
These regulations apply not only to banks and financial service companies in Europe, but also to U.S. banks that offer any services to EU residents and vice-versa.
05/04/2017
Sweden Rules on Taxation of Carried Interest in Private Equity Structures
The SACA decision noted that since all the individuals involved had different functions, and the funds in which they were involved were different, with various ownership structures, the outcomes are also different for the cases considered.
05/04/2017
Germany halts bail out demanding MORE austerity and pension cuts
Germany says it will not support a bail out deal for Greece until it pushes through laws to cut pensions and inflict more austerity on its citizens.
05/04/2017
Spain names 7 former HSBC bankers as suspects in money laundering case
At the heart of the Spanish case are accusations that HSBC helped Spanish clients to transfer abroad and later repatriate funds “with the intention of hiding them from the public treasury”, the High Court said.
05/04/2017
Calls for special audit of Deutsche Bank governance standards
Lampatz, who first brought the shareholder resolution, has noted that the report of the bank's internal investigation has not yet been published
05/03/2017
TISE launches Channel Islands and Isle of Man segments
Companies are eligible for inclusion on the Channel Islands or Isle of Man segments if they are trading companies
05/03/2017
Investec launches BTL fixes and links trackers to base rate
Applicants can apply for a buy-to-let mortgage either as an individual or via a limited company structure.
05/03/2017
Can vertically integrated firms manage conflicts?
Vertically integrated models come in different shapes and sizes.
05/03/2017
Spanish court to question Santander, BNP bankers in HSBC tax probe
The euro zone's largest bank by market value, said in a statement it had complied with the law at all time and had actively cooperated with the court by providing all the documentation and information requested.
05/03/2017
Panama Papers fugitive arrested in Ukraine after 3 years on the run
He fled Europe shortly before an Italian judge issued a warrant for his arrest in June 2014.