01/23/2017
Walkers Advises Listed Bank on the Launch of New Private Equity Fund
The fund will focus on private equity investments aimed on high growth technology companies in Russia and elsewhere.
Legal, Regulation & Compliance
01/23/2017
Greece-US deal on tax compliance and foreign bank accounts
Finance Minister Euclid Tsakalotos and U.S. Ambassador to Greece Geoffrey Pyatt signed on Thursday a bilateral agreement to improve international tax compliance and the implementation of the law on Foreign Account Tax Compliance Act
01/23/2017
Broker note for troubled IFA at odds with FCA notice
Earlier this month, Cheltenham-based Bank House was told by the FCA it must not carry out any regulated activity after it failed to comply with earlier voluntary restrictions to stop Sipp switches.
01/20/2017
State-backed British bank rebuffs government push to boost Iran trade: sources
In recent months British officials have sought to boost business ties with Iran
01/20/2017
Investors win first trial of class action suit against Deutsche Bank
The investment product was linked to the performance of underlying shares of KB Kookmin Bank and Samsung Electronics.
01/20/2017
Linklaters and Sidley step up for roles on Bank of Cyprus London Stock Exchange listing
Magic circle firm leads for HSBC on Bank of Cyprus London IPO
01/20/2017
Deutsche Bank Sued in U.S. by Jewish Trust Over $3 Billion
All proceedings initiated against Deutsche Bank in this matter have been decided in favor of Deutsche Bank.
01/20/2017
KWM arises from the ashes in Europe
All seven of the partners who will head up KWM Global’s London office have been retained from the now defunct legacy SJ Berwin business.
01/20/2017
The FCA's asset management market study: investment consultants and competition
The Financial Conduct Authority has set out its concerns about the way in which investment consultants operate and their impact on competition as part of the interim findings from its market study of asset management.
01/20/2017
Bucharest Court rejects merger of Patria Bank, Carpatica Commercial Bank
The merger process of the two banks received the approval of the National Bank of Romania (BNR) already on 29 November 2016.
01/20/2017
Brussels races to amend rules that hurt pensions industry
EU derivatives regulations scheduled for 2018 set to strain occupational schemes
01/20/2017
MannBenham Advocates have been voted Law Firm of the Year
Citywealth International Financial Centre Awards were established to highlight the excellence of the advisers and managers in the private wealth sector
01/20/2017
Wealth Manager Sanctioned For Breaking SIPP Promise
The FCA says the advice firm failed to declare all the transfer to SIPPs and recommended five other customers to transfer to two other AIPP providers in the same period.
01/20/2017
HSBC voluntarily agrees to provide approximately £4m redress for historical debt collection practices
As it did not reflect the actual and necessary costs of collecting the debt.
01/19/2017
EBA/ESMA report on the interaction of CRR with EMIR
The report calls for the requirements for credit, market, and counterparty credit risk in the CRR to be clarified.
01/19/2017
UK and Hong Kong regulators enter into co-operation agreement to foster collaboration and promote innovation
This is the fifth such co-operation agreement that the FCA has entered into (with previous agreements being concluded with regulators in Australia, China, Singapore and South Korea) and the first such co-operation agreement that the HKMA has entered into,
01/19/2017
Tax reporting under CRS to commence in 2017
One of the complexities that CRS throws up is where Cayman fund managers have a broad mix of non-US taxable investors that need to be identified and reported
01/18/2017
Cyprus Market Abuse Law - PDMRs and closed periods
In turn the issuer must promptly make the information public and no later than three business days after the transaction.
01/18/2017
FCA takes first criminal action against an individual acting as unlicensed consumer credit lender
The first time that the FCA has taken criminal action in a case related to its consumer credit powers.
01/18/2017
Deutsche Bank Agrees to Pay $7.2 Billion for Misleading Investors in its Sale of Residential Mortgage-Backed Securities
Deutsche Bank’s Conduct Contributed to the 2008 Financial Crisis