12/24/2015
Poland raises investor fears with Hungarian leanings
Should Poland follow Hungary’s steps in the business sphere, too, that could have broader repercussions.
Legal, Regulation & Compliance
12/23/2015
Rights court rejects US client's case against UBS in tax probe Join our daily free Newsletter
The case concerned a dual US and Saudi national living in Miami whose Swiss bank-account details were handed over to US tax authorities as part of its probe of UBS.
12/23/2015
Ex-Deutsche Bank Trader Loses Wrongful Dismissal Suit in Moscow
The court is scheduled to continue hearing a wrongful dismissal suit brought by Tim Wiswell, former head of equities at the bank, on Thursday.
12/22/2015
Wealth Management Thematic Review December 2015
The review set out to investigate how wealth management firms and private banks have implemented the regulator’s previous work in this area.
12/22/2015
Serious Fraud Office to charge 11 over Euribor-rigging
The 10 men and one woman will face the first criminal proceedings for alleged manipulation of the Euribor benchmark.
12/22/2015
David Haigh: Former Leeds United managing director to spend Christmas in Dubai jail after offensive tweets accusations
If convicted he faces a maximum penalty of three years imprisonment and a fine of £5,500
12/22/2015
ESMA agrees to extend Greek bank shares short selling ban to January 11
The temporary prohibition would include sales of shares covered by subsequent intraday purchases.
12/22/2015
Deutsche Bank Tally of Suspect Russia Trades Said at $10 Billion
That means the Frankfurt-based bank flagged as much as $10 billion in total trades that may not have been vetted for money laundering as clients moved money out of Russia.
12/22/2015
Natixis: Solvency ratio is above ECB's requirement
French bank Natixis Tuesday said its solvency ratio is well above the European Central Bank's requirement.
12/22/2015
Trusts Mistake Applications - Mourant Ozannes
On 16 December 2015, the Royal Court of Jersey handed down judgment in the cases of In Re the Matter of the Great Escape Trust and In Re the Matter of the Wentworth Trust.
12/22/2015
TIEA Notices – Where next? - Mourant Ozannes
They also explain why this case is headed for appeal.
12/22/2015
Parliament to investigate bank failures
Investors left with worthless bonds appeal to pope
12/22/2015
Hardouvelis to be probed over wealth declaration
The case concerns a period before he became minister, when he was an economic adviser to interim Prime Minister Lucas Papademos.
12/22/2015
East Anglia law firm Birketts a regional winner at Wealth & Finance magazine’s Finance Awards
Regional law firm Birketts has added to its 2015 awards haul by winning the “Best for Business Law – East England” title at Wealth & Finance magazine’s Finance Awards.
12/21/2015
UK breached EU rules over City bonuses
European Banking Authority finds that UK has excluded hundreds of firms from the bonus cap on the basis of size
12/21/2015
FCA and FOS reaffirm terms of co-operation
The memorandum sets out the respective responsibilities of the FCA as a financial conduct regulator and the FOS as an independent dispute resolution organisation.
12/20/2015
Ghosts of the Past - The Rule in Pigot's Case by Colin Riegels & Matt Taber, Harneys
For all of the strengths that common law legal systems have, one of the weaknesses is ghosts of past in the form of ancient case law which rears its head in unwelcome circumstances.
12/20/2015
EU referendum: Challenger bank boss says smaller UK lenders would be better off outside of the EU
"Noting the EU is a net importer into the UK, I struggle to see a compelling argument for the UK continuing to be a consistent net payer into the EU coffers," he added.
12/18/2015
WH Ireland faces 'substantial’ FCA fine
WH Ireland expects to be hit with a ‘substantial’ fine following a Financial Conduct Authority (FCA) review into its business.
12/18/2015
Irwin Mitchell and Thomas Eggar complete merger to form £250m legal business
Legal services to businesses and high net-worth private client work will together account for half the Group’s turnover.