12/06/2016
Cristiano Ronaldo could ACTUALLY go to prison over his tax affairs
Cristiano Ronald allegedly using offshore companies to hide earnings from image rights deals
Legal, Regulation & Compliance
12/06/2016
Italy’s Banca Monte dei Paschi to Meet Eurozone Banking Regulator
Italy’s government crisis threatens to derail the bank’s recapitalization plans
12/06/2016
EU Identifies 28 Tax Regimes That Could Make Blacklist
Thirteen of the 28 are considered particularly problematic due to their failure to commit to the OECD’s Inclusive Framework for implementing the minimum base erosion and profit shifting reforms.
12/06/2016
Bank of Lithuania promises one-week response to fintech licence enquiries
Depending on the type of licence, the full authorisation will take two to six months to achieve.
12/05/2016
Switzerland eyes AEOI with 21 countries
The introduction of the AEOI confirms Switzerland’s international commitment to implementing the AEOI standard
12/05/2016
Russia’s Central Bank Hacked, $31 Million Stolen
Russia’s Federal Security Service has already warned of attacks that might be aimed at local banks
12/05/2016
Govʼt to cut transaction duty for banks if lending increases
The transaction duty will be lowered
12/05/2016
Lloyds to net millions as RBS settles over Goodwin cash call
Lloyds subsidiaries will receive payouts when RBS settles claims over its ill-fated £12bn rights issue in 2008, Sky News learns.
12/05/2016
Weak UK regulation lets opaque companies persist
They are required to pay particular attention to clients based offshore or in tax havens.
12/05/2016
Legal & General accuses regulator of increased intervention
Insurer says PRA is effectively overruling the board on setting capital requirements
12/05/2016
Uk's RBS bank agrees $1 billion payout over 2008 fundraising case
The split settlement adds a fresh dimension to an unprecedented English lawsuit that already stands out for its size and complexity
12/05/2016
RBS agrees £800m payout over 2008 rescue rights issue
Bank settles with some of the claimants who allege it misrepresented its health
12/02/2016
Herbert Smith Freehills - Financial regulation
FCA cash savings market study – disclosure and switching rules now in force and new data on savings interest rates
12/02/2016
Risky Business: Avoiding negligence claims when giving investment advice
This case reiterates that, provided that the investor has received adequate risk warnings from the adviser and the investments were objectively suitable for the investor at the time
12/02/2016
The rules for saving money just changed – and it's good news for once
Firms will also have to clearly remind consumers about changes in interest rates or the end of an introductory rate.
12/02/2016
leading national law firm announces Northern Ireland presence following merger with Belfast firm
The firm will offer recoveries services and commercial advice from the new location.
12/02/2016
UK court adjourns Barclays Qatar case until May
A London court case in which one of Barclays’ most senior investment bankers is claiming unfair dismissal has been postponed until May.
12/02/2016
Standard Chartered and Coutts hit with fines by Singapore regulator
Singapore's regulator launched its investigation
12/01/2016
Bankers Beware as European Freezing Orders Edge Ever Closer
The Regulation envisages a single standard court application to target account in one or more Member States.
12/01/2016
ECON report on PRIIPs Regulation
The European Parliament's Economic and Monetary Affairs Committee (ECON) has published a report on the proposed Packaged retail and insurance-based investment products (PRIIPs) Regulation.