05/19/2016
FCA bans Keydata’s former compliance officer
Were it not for Mr Johnson's serious financial hardship, the FCA would have fined him £200,000.
Legal, Regulation & Compliance
05/19/2016
German top court to rule on ECB's bond buying on June 21
An outright rejection of the programme is not likely after a largely favourable verdict by the European Court of Justice last year, but it would have far-reaching consequences.
05/18/2016
Panel says don’t pin hopes on consumers to drive competition
In other words, producing better value products and services has no competitive advantage.
05/18/2016
Cybersecurity Directive adopted by Council - Herbert Smith Freehills
The Council of the European Union has formally adopted the Cybersecurity Directive. The Directive aims to step up the security of network and information systems across the EU.
05/18/2016
Ex-Barclays Trader Lied to FBI, Changed Story in Libor Case
He was offered a non-prosecution deal by the U.S. Department of Justice in 2011 that prompted him to begin telling the truth, he said on his third day of testimony in a London court.
05/18/2016
Fears scammers could target 'master trusts'
The government will provide new protection to savers in master trust pensions to stop them falling victim to scams.
05/17/2016
Property ownership transparency measures may not catch ultimate beneficial owners, says expert
Plans to force disclosure of the beneficial owners of foreign companies that hold or wish to buy UK property, or to bid for government contracts.
05/17/2016
FEMR implementation report delayed by Herbert smith freehills
The Chairs of the Fair and Effective Markets Review (FEMR) have announced that they will provide a full implementation report to the Chancellor of the Exchequer and the Governor of the Bank of England (BoE) in July 2016.
05/17/2016
Why corporate law may be making Scotland a soft touch for international criminals
Their headquarters, as our sister paper, The Sunday Herald, revealed, turned out to be modest homes in schemes in Edinburgh or Inverness.
05/17/2016
Competition watchdog pushes retail banking reforms
As a result, nearly 60% of personal customers have stayed with the same bank for over 10 years and over 90% of SMEs get their business loans from the bank where they have their current account.
05/16/2016
A watchdog with the ‘right touch’ sounds ominously like one with a ‘light touch’
Regulatory capture is often a prelude to catastrophe, as we saw when the banking industry collapsed in 2008.
05/16/2016
Authorities put Scotland tax haven industry in the crosshairs as concerns rise on Eastern European corruption links
Major Scottish law firms are engaged in the business of creating thousands of shell companies for the eastern European market.
05/16/2016
Accountant loses £3million court battle with his sister over fund their father set up to save them from a second Holocaust
Alan Hamilton was furious his sister Carolyn was given more money
05/16/2016
Nomura Blames Biggest-Ever Loss on ‘Incompetent’ Bond Trader
A Nomura Holdings Inc. trader who failed to tell his bosses about the deteriorating performance of a client that helped cause the bank’s biggest-ever trading loss was "at best incompetent or at worst deceitful,”
05/16/2016
Video Reveals Truth Behind Viral Photos Of Knightsbridge Car Sprayed With 'Cheater' Graffiti
Photographs of a vandalised car went viral earlier this month , as it seemed a scorned lover had sprayed a Revere Range Rover with red paint as an act of revenge.
05/16/2016
BHS: How £1 deal led to £8MILLION fees bonanza for City advisers behind takeover
The administrators Duff & Phelps are now close to finding a new buyer with an announcement expected as early as Wednesday.
05/16/2016
Ireland's first US whistleblower millionaire: is it only a matter of time?
We don't pay whistleblowers for helping regulators - but the SEC will pay serious money for info on US corporate wrongdoing
05/16/2016
Norway Wealth Fund Will Seek to Join Class Action Against VW
The fund, which according to data compiled by Bloomberg owns 1.64 percent in Volkswagen, said it’s acting “to safeguard” its holding in the carmaker.
05/16/2016
London hedge fund faces £140m fine over corrupt payments
Investigators are also reportedly considering charges against the company’s former London boss Michael Cohen, who headed the office from the late 1990s to 2013, and Vanja Baros, Och-Ziff’s former Africa director.
05/16/2016
MFSA Warns that Alpha Capital Markets is Unauthorised in Malta
The company has allegedly been misleading investors by pretending to be regulated.