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Legal, Regulation & Compliance

06/22/2016

Get statements in writing to reduce risk of HMRC tax investigation, says Marlowe

This test is also part of the new travel & subsistence regulations introduced in April, where the onus is on agencies or umbrella companies paying expenses free of income tax and NI deductions to show there is no SDCM.

06/21/2016

Reed Smith lands CMS Cameron McKenna's capital markets head as it hunts financial services growth

He subsequently joined Jones Day, before making partner at Simmons & Simmons nearly 10 years ago.

06/21/2016

Banks out to beat Basel's capital clock

As the world’s biggest banks try to build enough capital to satisfy regulators, European investment banks have the most ground to make up.

06/21/2016

German court rules in favour of ECB crisis-fighting tool

The constitutional court ruled that the ECB's 2012 bond-buying plan called Outright Monetary Transactions (OMT) complies with German law.

06/21/2016

Nordea CEO Rejects Speculation Bank Needs to Issue More Shares

The report sent Nordea’s shares down as much as 2.9 percent in Stockholm, the most in more than a month.

06/20/2016

European Commission Adopts MiFID II and MiFIR Delegated Regulations

The Market Making Delegated Regulation is made under MiFID II

06/20/2016

ESMA Issues Opinion On Inside Information Disclosure Under The Market Abuse Regulation

In its Opinion, ESMA does not agree with the amendments proposed by the Commission.

06/20/2016

Eight fund groups make last ditch attempt to change PRIIPs rules

Worried about not including past performance data

06/20/2016

FCA fines against individuals double in year

FCA actions over the 12 months were split equally between those targeting businesses and individuals.

06/20/2016

CIMA and AICPA to form new association

Chartered Institute of Management Accountants

06/20/2016

Arck advisers ordered to pay just £562k following £50m fraud

The pair, which were convicted of fraud and forgery charges last year, must settle the confiscation orders within three months

06/17/2016

FCA charge five in alleged investment fraud

The FCA cannot provide any further comment or information at this time.

06/17/2016

Lloyds Banking Group wins £3bn bond case

UK court rules in favour of bank’s decision to redeem notes early

06/17/2016

Comments on Danish FSA inspection of Nordea Bank Danmark 2015

As of today in total 850 full-time employees are focusing on these tasks with the aim to be around 1,150 by the end of this year.

06/17/2016

Watchdogs exempt sovereign wealth and pension funds from study

The FSB will leave open the option of returning to scrutinise SWFs and pension funds, however, those people cautioned, adding that the decision is not a statement on how risky those types of funds might be.

06/17/2016

Debevoise Advises NLMK on $700 Million Eurobond and Tender Offer

The proceeds from the offering will be used to finance the purchase of existing notes due 2018 and 2019, as well as for NLMK's general corporate purposes and refinancing of its current debt.

06/17/2016

Barclays labels US$1b lawsuit over 2008 fundraising 'misconceived'

Barclays has described as "fundamentally misconceived" a US$1.0 billion-plus lawsuit brought by British financier Amanda Staveley over the bank's emergency fundraising from Gulf investors at the height of the credit crisis in 2008.

06/16/2016

Bulgarian Parliament amends law on offshore companies

A frequent criticism against the law, however, is that it is virtually not being enforced at all.

06/16/2016

European Commission proposal for regulation to enhance end-user involvement in financial services policy making

The European Commission has published a proposal for a regulation on establishing a Union programme to support specific activities enhancing the involvement of consumers and other financial services end-users in Union policy making in the field of financi

06/16/2016

Feisty Green Spreads BHS Blame Onto Goldman and Former Owner

The tense mood pervaded the hearing, with a furious Green at one point demanding an apology from a lawmaker who suggested that ego may have gotten in the way of a potential rescue.

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