03/13/2017
Iceland Exits Capital Controls Eight Years After Banking Crash
The economy is even at risk of overheating with money flowing back into the economy as the controls have been eased in steps.
Legal, Regulation & Compliance
03/13/2017
Portugal’s Novo Banco gets new bid from UK’s Aethel fund
The Bank of Portugal has said the move was legal as part of its powers to wind up failing banks.
03/13/2017
Gowlings relocates partner to Stuttgart to launch second Germany office
The firm has recently added to its Paris tax team with the appointment of partner Julien Monsenego from Olswang, as well as Céline Bey, who was of counsel at Herbert Smith Freehills but joined as partner.
03/13/2017
DB partial transfers should be a legal right
A move to make it compulsory to offer partial transfers would likely be extremely popular with intermediaries.
03/13/2017
Court rules Swiss can provide France support in UBS tax case - SDA
The Lausanne-based court found the misconduct alleged by French authorities would also be punishable in Switzerland and thus overturned a lower court ruling on the matter.
03/13/2017
IoM regulator open to dialogue on commission disclosure rules
This is accentuated by current uncertainty around the UAE Insurance Authority’s plan to issue a new draft and open a fresh consultation on plans to tackle high fees and hidden commissions in the life industry after requests for a 'two-year dela
03/12/2017
Parliament makes publication of offshore transfer totals mandatory
In question are almost €10 billion that was transferred offshore without the tax authorities analysing it between 2011 and 2014.
03/12/2017
Millionaire Wife Fights ‘Cheating’ Ex-Husband Over Fortune
He told the three Court of Appeal judges that "because this was a short marriage Mr Sharp should not get half of the matrimonial pot".
03/10/2017
French Bank Denies Evasiveness in Panama Papers Probe
The documents show how wealthy individuals, including public officials, hide their money from public scrutiny.
03/10/2017
Herbert Smith Freehills - Financial regulation update
FCA and JFSA conclude co-operation framework to support FinTech companies
03/10/2017
French prosecutor seeks two-year suspended prison sentence for BPCE's Perol
Prosecutors had alleged there was a conflict of interest between his 2009 appointment as head of France's second-biggest retail bank and his position advising Sarkozy.
03/10/2017
NIC rise will see ‘big law firm partners’ pay a little more
Treasury seeks higher contributions from lawyers while HMRC targets advisers who enable tax avoidance schemes
03/10/2017
Pension fund manager at Westminster Council 'stole more than £1million from his employer
Ian Woodall, 45, allegedly abused his position at Westminster City Council
03/10/2017
Fund managers back Draghi’s ‘boring’ stance
Schroders economist forecasts an end to the bank's QE programme by 2019
03/10/2017
UK and Japanese regulators to co-operate on fintech
The Financial Services Agency of Japan and the UK’s Financial Conduct Authority have exchanged letters on a Co-operation Framework to support innovative FinTech companies.
03/10/2017
Forsters announces its proposed acquisition of the Gowling WLG London Private Client team
Leading private client and real estate law firm Forsters LLP today announces its intention to acquire the Gowling WLG London Private Client team.
03/09/2017
Herbert Smith Freehills - Financial regulation update
BoE speech on the assessment and challenge of a central bank’s own financial risks
03/09/2017
Regulation: TRIM stokes IRB stand-off between Basel and the ECB
TRIM targets the models themselves while Basel IV’s capital floors target their outputs.
03/09/2017
Chancellor slaps 25% charge on people who move pensions abroad to dodge UK tax bills
The crackdown could also end up deterring people from transferring pensions into jurisdictions where their savings are no longer protected by UK regulators, but by the local authorities.
03/09/2017
Fiva fines four banks over investment advice
This has led to the companies jeopardising the functioning and effectiveness of the FIN-FSA’s supervision.