07/18/2016
Dismissing for poor performance when the employee has raised 'whistleblowing' concerns - Withers
The case of Royal Mail Group Limited -v- Ms K Jhuti concerned a scenario that might be unnervingly familiar to many
Legal, Regulation & Compliance
07/18/2016
£6m payment in second deferred SFO prosecution
The counterparty to the DPA is identified as ‘a UK SME’ which cannot be named due to ongoing, related legal proceedings.
07/18/2016
Bank of England policymaker says no rush to cut interest rates – business live
Weale also predicted that the Brexit vote will make the country poorer, as firms slash spending and hiring.
07/15/2016
World’s Newest Banking Crisis Revolves Around World’s Oldest Bank
Monte dei Paschi is at the center of a brewing battle between Italy and EU over bailout rules
07/15/2016
Profits jump 20% at Anglo-Scottish firm
We have seen particular growth in the digital and telecoms sectors during that period.
07/15/2016
Luxembourg approves Reserved Alternative Investment Fund vehicle
Luxembourg managers will therefore have a choice, depending on investor preference.
07/15/2016
Banks Win Concessions In EU Bond-Market Transparency Rules
Under transparency rules issued by the European Commission, the European Securities and Markets Authority must assess market liquidity each year before tightening the rules to capture more securities.
07/15/2016
CFPB Fines Santander Bank $10 Million For Overdraft Practices
Bank Deceptively Marketed Its Overdraft Service to Consumers, Violated “Opt-in” Rule
07/14/2016
Global law firm bolsters financial services practice
She also advises on portfolio transactions and debt financings and represents corporate trustees and agents on debt issuance transactions.
07/14/2016
Shoosmiths to open new office
We are focusing on the client experience and listening very carefully to what our clients are asking for.
07/14/2016
Brexit myth-busting: A brief analysis for business - Withers
The lead up to the UK's referendum on EU membership was characterised by contradictory claims and resulted in widespread confusion amongst businesses.
07/14/2016
Barclays ‘Cartel’ Trader’s Incriminating Chats Were Bravado
Recounting an April 2015 hearing, Justin Bull, the bank’s former chief operating officer, said he showed Ashton transcripts of chats that included discussions about "using inside information" to make money, a joke about his best friend&
07/13/2016
ESMA To Recommend on Passporting of Funds Outside the EU Post Brexit
ESMA is due to make its recommendations later this month.
07/13/2016
EBF: EU finance ministers need to get Basel back on track
These regulatory measures, commonly known as ‘Basel IV’, pose a threat to the European economy and the EU’s growth agenda.
07/13/2016
Too Big to Jail: George Osborne helped HSBC avoid US criminal charges for money laundering
Criminal charges for HSBC would have meant the US would have to review and possibly revoke the bank's charter to do business there.
07/13/2016
Ex-Barclays Director Faces Prison for Tipping Plumber Friend
He was responsible for putting together a weekly presentation to keep executives abreast of potential mergers involving bank clients.
07/13/2016
Heritage in a strong position to navigate unchartered waters following Brexit
Whilst it is too early to predict how the relationship between the UK and the EU will be redefined, Guernsey’s own relationship with the UK remains unchanged.
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
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.