07/13/2016
FCA fines Towergate and former director Timothy Philip for client and insurer money failings
The FCA found that Mr Philip failed to meet the minimum regulatory standards in terms of competence and capability
Legal, Regulation & Compliance
07/13/2016
Getting culture and conduct right - the role of the regulator
We are cognisant of the diversity of firms this will bring under the regime, and proportionality will play a key role as we work to ensure the SMCR works well across all sectors.
07/13/2016
Phones4u founder set for showdown with former business partner
The former chief executive, who was paid a £300,000 bonus annually by Signia on top of her salary, claims in the same document that Mr Caudwell asked her to take a polygraph test and offered to escort her to sessions for psychiatric help.
07/12/2016
Mifid II, Solvency II most concerning for asset managers
With a raft of existing and upcoming regulation to address, many asset managers said that they are looking for ways to minimise the reporting burden associated with both pieces of regulation, with some looking to reuse reporting and regulatory data.
07/11/2016
Pope reins in Vatican's finance minister after scandal
It emphasises the need to pay the utmost attention to ensuring the administration of economic resources always serves these ends.
07/11/2016
Caudwell’s legal battle with Signia founder heats up
With the case set to reach the High Court this week, Signia has now amended its case, according the Sunday Times.
07/11/2016
Carey Olsen advises Raven Russia on dual listing
The Carey Olsen team included Partner Ben Morgan and Senior Associate John Scanlan
07/11/2016
French Fin Min urges support for Italy's banks
But the EU in recent years has beefed up its rules to stop governments from bailing out lenders, with the aim of breaking a vicious loop between a country's finances and its banks.
07/11/2016
No quick fix: UK may have to join AIFMD queue
London's buyout industry should not assume the UK will quickly get approval to market funds in Europe after leaving the EU.
07/11/2016
FCA To shake Up Equity Crowdfunding? Regulator Considers Action
But the FCA may be about to step in. Going forward, the regulator has advised that it may require platforms to change the way that fundraising campaigns are displayed.
07/08/2016
EU watchdog to probe fund payments in unit-linked schemes
Europe’s insurance regulator has launched an EU-wide review into the market conduct of insurers offering unit-linked life insurance policies.
07/08/2016
France Can Lead the Way on Bank-Failure Loss Rules, Koenig Says
The French approach to making sure creditors share the cost of bank failures involves creating a new class of “senior non-preferred” debt designed to smooth the wind-down process by providing legal certainty that the instruments are eligible t
07/08/2016
Tycoon jailed for Carbon Tax Scam
All were convicted of aggravated fraud and money-laundering.
07/08/2016
DOJ Investigating Facebook for Suspected Irish Tax Dodge
The court filing says the documents relate to an IRS examination of the company’s federal income tax liability for the year ending Dec. 31, 2010.
07/07/2016
Lionel Messi Sentenced in Tax Case, but Prison Is Unlikely
He is also unlikely to be imprisoned.
07/07/2016
New EU Market Abuse Rules Pose Challenges for U.S. Issuers
These include shares and debt listed on smaller venues, such as the Global Exchange Market of the Irish Stock Exchange, Luxembourg’s Euro MTF Market and London’s Alternative Investment Market, or AIM.
07/07/2016
Standard Life’s 1825 imposes portfolio cap on SLI holdings
It is unclear whether such a cap is imposed across other vertically integrated firms.
07/06/2016
Eastern Mediterranean expansion: Interlaw adds Rokas and Tohme to global network
Rokas adds 30 lawyers to the network from its office in Athens, where the firm has expertise in the insurance sector.
07/06/2016
Clifford Chance Strikes Deal With Artificial Intelligence Provider
Clifford Chance has become the latest firm to sign a deal with an artificial intelligence provider, with the magic circle firm partnering with Kira Systems.
07/06/2016
FCA chief hints at property fund rule reform
So far none have, but the picture could change quickly if the panic caused by SLI’s move sparks wider outflows from the asset class.