09/25/2017
Vatican says it axed chief auditor for spying
Libero Milone had accused the Vatican of getting rid of him because his investigations into possible illegal activity had hit too close to home
Legal, Regulation & Compliance
09/25/2017
Divorce and Family Trusts: Three lines of attack and how to shut them down
A properly drafted and administered trust is an effective asset protection vehicle.
09/25/2017
Prosecutor wants to discover trail of €10bn that went offshore
The statistics were only published again on the finance department portal following a decision by the current secretary of state of tax affairs after the ministry detected a total of about €10 billion.
09/22/2017
Asset managers must beef up cyber security defences
The price tumble indicates they were surprised by the latest hack.
09/22/2017
A trust, a Swiss bank and three absent beneficiaries: court case raises questions about dormant accounts
Worldwide, he told the court, there are “tens of billions” of dollars in dormant accounts which often come to light only when banks merge or wind down parts of their operations.
09/21/2017
Herbert Smith Freehills - Financial regulation update
FCA policy statement on transaction cost disclosure in workplace pensions
09/21/2017
GDPR - Should you be worried?
The legislation is known as the General Data Protection Regulation … GDPR for short.
09/21/2017
Hong Kong and UK regulators join forces on fintech
The IA will consider signing similar cooperation agreements with insurance regulators in other jurisdictions.
09/21/2017
Ashurst makes flexible working official in London and Glasgow
Ashurst has formalised its flexible working arrangements for UK staff, outlining the options available for lawyers and business support employees.
09/21/2017
Old Mutual teams up with CII to offer DB transfer training
The move comes despite scepticism among some advisers over providers’ plans to enter the DB transfer space.
09/21/2017
Competition watchdog to probe master trusts
The Competition and Markets Authority will be investigating including whether difficulties in assessing.
09/21/2017
UK banks to check 70m bank accounts in search for illegal immigrants
Immigration status is very complex, and the Home Office consistently gives out incorrect information and guidance.
09/20/2017
Herbert Smith Freehills - Financial regulation
PSD2: FCA Approach Document and final Handbook changes
09/20/2017
MiFID II: authorisation and variation of permissions
Such firms will therefore also need to have contingency plans in the event that by 3 January 2018 they do not have the required permissions.
09/20/2017
UK accounting watchdog clears KPMG over audit of collapsed lender HBOS, rescued in 2008 by Lloyds Banking Group
HBOS – the merged Halifax/Bank of Scotland group - had been one of the UK’s biggest lenders but required emergency government assistance to keep it afloat during the financial crisis
09/20/2017
Culture and conduct - extending the accountability regime
Speech by Jonathan Davidson, Director of Supervision – Retail and Authorisations at the FCA, delivered at City and Financial Summit, London.
09/20/2017
Retirement interest-only mortgages proposed by FCA
The customer must still be able to afford the ongoing interest payments.
09/19/2017
EU regulators approve RBS plan to help challenger banks
The plan involves the setting up of a capability and innovation fund and an incentivized switching scheme.
09/19/2017
Legal team celebrates success at awards
The awards are seen as the hallmark of quality within the legal industry.
09/19/2017
FCA finalises revised Payment Services Directive (PSD2) requirements
The Financial Conduct Authority has today published its approach to implementing the revised Payment Services Directive.