05/06/2016
FCA issues warnings on rogue firms
Its warning noted the fraudsters may use the name of the genuine firm, along with a reference number which has been given the authorised firm.
Legal, Regulation & Compliance
05/06/2016
Deutsche Bank says cooperating with Italian authorities on bond sale investigation
Deutsche Bank said it is cooperating with authorities in Italy in an inquiry regarding the sale of Italian sovereign bonds in 2011
05/05/2016
Law firm in eighth Central Belt expansion
The combined businesses – which will trade under the Aberdein Considine brand from next month – will together employ 360 staff and have a total turnover of more than £21million.
05/05/2016
Wealth firm launches structured product MPS
The new service provides advisers with access to three portfolios, made up of structured products.
05/05/2016
Clydesdale Bank sets aside £450m for new PPI payouts
Another £450m is being set aside to compensate Clydesdale Bank customers for mis-sold payment protection insurance.
05/05/2016
Court of Appeal refuses permission to appeal Upper Tribunal decision
The Court of Appeal has refused permission to appeal the decision of the Upper Tribunal (Tax and Chancery Chamber) in Jeffery v The Financial Conduct Authority [2016] EWCA Civ 187.
05/05/2016
Tom Hayes Taps Crowdfunding to Raise $218,000 for Appeal
Hayes plans to refer his case in June to the Criminal Cases Review Commission, an independent organization set up to investigate suspected miscarriages of justice in U.K. courts, his lawyer, Karen Todner, said in an e-mailed statement Wednesday.
05/05/2016
Former Wales footballer and Anglesey man in Serious Fraud Office probe
The four face two charges with conspiracy to commit fraud by false representation.
05/05/2016
Bonham Carter: Why QE is a form of 'methadone' failing to re-animate Europe
"Europe has been in a period of no growth or very low growth for a long time now, and this can only be exacerbated by the slowdown in China."
05/04/2016
Revealed: UK Banks And Firms Handled £20 Million Connected To Russian Fraud Case
The case is especially politically contentious following the 2009 death in a Russian prison of Sergei Magnitsky, a Russian lawyer investigating the alleged fraud on behalf of Hermitage.
05/04/2016
Deutsche Bank and UBS schemes - Supreme Court finds in HMRC’s favour
The Supreme Court held that it was capable of applying a purposive interpretation to the relevant ITEPA rules and that, in doing so, the shares were not “restricted securities”.
05/03/2016
DLA Piper doubles City promotions amid 48-strong round
DLA Piper has announced that 48 lawyers have been promoted to its partnership. The promotions are effective as of 1 January 2016 in the United States and 1 May 2016 for EMEA and Asia Pacific. The promotions were made across a wide spectrum of practice are
05/03/2016
EMSA Amends MiFID II Derivatives Standards
ESMA proposes to revise the RTS on non-equity transparency which includes requirements in respect of bonds, structured finance products, emission allowances and derivatives and the RTS on the methodology for the calculation and application of position lim
05/03/2016
Troubled law firm avoids bankruptcy after reaching deal with lenders
This ensures their loans do not have to be repaid until May 2018.
05/03/2016
Barclays France Faces Money Laundering Accusation
Barclays last week said it had entered into exclusive talks with AnaCap Financial Partners over the sale of its French retail banking operations
05/02/2016
Banker who sold 'Belfry' in €50m suit against AIB
Former private banking manager is one of almost 350 suing AIB over its 'Belfry' funds
05/02/2016
ECB’s Coeuré Defends Bank’s Policies to German Audience
Says it would also be detrimental to renounce inflation target
05/02/2016
UK Financial Conduct Authority Trade Association Roundtable on MiFID II Implementation
The FCA confirmed that for existing regulated activities and investment types, it is aiming to open the authorizations gateway by the end of 2016.
05/02/2016
Deutsche Bank Said to Be Faulted by FCA Over Lax Client Vetting
The FCA outlined lapses in the U.K. within two parts of the company -- the global markets division and the corporate and investment banking business.
05/02/2016
Royal Bank of Scotland Group Probes into 1MDB Investigations
The bank is also cooperating with the regulators in other countries on the same accounts, to culminate in the inquiry.