11/03/2016
French prosecutor calls for British bank giant HSBC to stand trial for aiding large-scale tax fraud in France
The case began when French authorities in late 2008 received files stolen by Herve Falciani, a former HSBC employee.
Legal, Regulation & Compliance
11/03/2016
Mark Lyttleton pleads guilty to insider dealing
The trading was conducted by Mr Lyttleton through an overseas asset manager trading on behalf of a Panamanian registered company.
11/03/2016
Debt purchaser Motormile Finance agrees to redress package
Motormile has since amended its processes, systems and controls to mitigate the risks identified.
11/03/2016
FCA acts to improve competition in the current account market
The FCA will also consider the need for rules in relation to the proposed Monthly Maximum Charge
11/03/2016
JWG to help industry unlock regulatory reporting
It was a natural progression for JWG to support the FCA’s RegTech agenda.
11/03/2016
Italy watchdog to summon Monte dei Paschi execs, Passera -source
Monte dei Paschi faces an uphill struggle to convince investors to back its third recapitalisation
11/03/2016
UK challenger bank bites the dust
Was granted an “authorisation with restriction” licence from the regulators earlier this year.
11/03/2016
Switzerland and Latvia sign protocol of amendment to double taxation agreement
Finally, legal certainty is increased for taxpayers with the inclusion of an arbitration clause.
11/02/2016
Ulster Bank is most fined financial institution in Ireland
Central Bank’s fine of €3.3m imposed for breaches of anti-money-laundering protocols
11/02/2016
Bill Gross to manage total return strategy at Janus
Gross already sub-advises a total return bond fund for Old Mutual Global Investors
11/02/2016
Competition watchdog criticised by MPs over bank reform
Treasury select committee chair accuses Competition and Markets Authority of ‘dropping the catch’
11/02/2016
FCA bans six men over £4.3m landbanking Ucis scam
The land is often left undeveloped because of legal or historical reasons, leaving investors out of pocket.
11/02/2016
‘Killers having lunch’: The real life Wolves of Wall Street
Finance: Out of Control?
11/02/2016
Deutsche Bank, Morgan Stanley & Co. International plc, Nomura International plc and SocieteGenerale, have responded to investors’ demands for standardisation of repackaging transactions
The primary goal of the project is to establish an industry-standard approach to the documentation of repackaging transactions.
11/02/2016
E-Declarations Reveal Ukrainian Elites’ Extravagance
Ukrainians are shocked at the wealth gap between citizens and their elected representatives
11/01/2016
European banks stuck with $1.3 trillion of bad loans: KPMG
Firms could take decades rather than years to reduce their exposures, hampering profitability.
11/01/2016
German Body Rules on Accounting Treatment for Supply Chain Finance
Supply Chain Finance and Dynamic Discounting programs are widespread financing solutions that are currently already actively used by more than S & P companies
11/01/2016
International law firm crowdfunds Brexit help service
The BASe portal has been crowdfunded with clients already signed up including Australia’s Lendlease and UK mutual insurance company Royal London.
11/01/2016
Access to Financial Services in the UK by Christopher Woolard, FCA
Speech by Christopher Woolard, Director of Strategy and Competition at the FCA, delivered at Access to Financial Services: Launch of FCA Occasional Paper.
11/01/2016
MiFID II – FCA MIS confidentiality agreement
The FCA has published a Market Interface Specification (MIS) confidentiality agreement.