06/08/2016
Swiss and UK watchdogs quiz Credit Suisse over Mozambique debt
Credit Suisse and VTB have both been active in the southern African country, arranging loans for state-owned firms as well as helping with a eurobond issue.
Legal, Regulation & Compliance
06/08/2016
European Union: ESMA Blockchain Regulation
The ESMA indicated that the responses will help it assess the opportunities and challenges posed by blockchain technology from a regulatory standpoint and form an opinion on whether a specific regulatory response to the use of this technology in securitie
06/08/2016
Ogier advises on £281 million acquisition of Scotch whisky brands
The Ogier team was led by partner Steve Meiklejohn and included Katherine Neal and Ashley Quenault.
06/08/2016
Ex-Deutsche Bank trader gets green light to sue FCA
The FCA had tried to anonymise its final notice, but a court has since decided Bittar could be identified, and should have been given a chance to respond before the report was published.
06/08/2016
Organizations Supporting the EU-U.S. Financial Services Marketplace form new International Coalition for Transatlantic Cooperation
A robust regulatory dialogue between regulators in the U.S. and EU, carried out under clear requirements agreed within TTIP by the respective financial supervisors
06/08/2016
MiFID II/MiFIR – European Parliament approves one year delay
The European Parliament has voted to approve a one year delay of MiFID II and the Markets in Financial Instruments Regulation (MiFIR). The deadline for member states to transpose MiFID II into national legislation will be postponed to 3 July 2017. The dat
06/08/2016
Al Rayan Bank expert helps UK devise Shariah products to ensure financial inclusion
Alamad pointed out that the situation became more difficult for Muslim students with the introduction of higher fees by universities.
06/08/2016
BNP Paribas embroiled in HSBC money-launder case
The police action was on the orders of Judge José de la Mata, who is leading an investigation into 659 Spanish citizens.
06/08/2016
Withy King and Royds to merge
Withy King is ranked 45th in The Sunday Times 100 Best Companies to Work For in 2016 and entered The Lawyer Top 100 for the first time in 2015.
06/08/2016
'A transformed business': Mishcon de Reya unveils ten-year strategy
Gold also voiced the firm's ambition to be a leading mid-market corporate department in London
06/07/2016
Offshore film scheme gang found guilty of £100m HMRC fraud
A group of financial advisers and accountants have been found guilty of operating a fraudulent tax avoidance scheme to scam the HM Revenue and Customs (HMRC) out of £100m (£145m, €128m), the UK tax office has revealed.
06/07/2016
BHS and Tata Steel pensions crises should be a wake-up call for complacent savers
The comments from Nigel Green, founder and CEO of deVere Group, come as BHS becomes the latest major British firm to collapse with huge pension burdens.
06/07/2016
Ogier advises Elian on sale to Intertrust
We know Intertrust shares our belief that our people are our most valuable asset.
06/07/2016
Germany, U.K. Reject Softening EU Major Bank Failure Rules
The two countries are home to five of the world’s most systemically important banks, including HSBC Group Plc and Deutsche Bank AG.
06/07/2016
Bankers Linked to Tax Evasion Face Tougher Penalties in Denmark
The allegations follow earlier reports that Nordea had worked with Panama-based law firm Mossack Fonseca to help wealthy clients hide their assets from tax authorities.
06/06/2016
RBS sued for £145m over its alleged role in huge carbon trading VAT fraud
The claim centres on a so-called carousel fraud in which traders buy and sell goods and so register a VAT charge on the trade, but never actually pay the VAT. When the goods are sold the VAT is then reclaimed.
06/06/2016
Why "failure to prevent" will fail to prevent fraud and money laundering
However, what might have worked for bribery will not necessarily do the same for the very different crimes of fraud and money laundering.
06/06/2016
Change ‘vastly misleading’ fund rules, EU asked
Consumer organisations and asset managers say the removal of past performance information is bad news for investors.
06/06/2016
Italy and France are Urging Caution Over Bank Capital
“The French-Italian initiative at this very delicate stage of the creation of a banking union is a voice calling for caution.
06/06/2016
Reverse solicitation rule not catching out asset managers
No single asset manager appears to have yet fallen foul of the rules governing reverse solicitation under the EU’s Alternative Investment Fund Managers Directive although the risk of regulatory sanctions for breaches does still remain.