03/11/2016
Spain’s monarchy drawn into banking scandal
In a leaked text conversation also involving the king, Queen Letizia pledges support for a scandal-hit banker whom she describes as her ‘yoga mate’
Legal, Regulation & Compliance
03/11/2016
Investors Question Effectiveness of ECB Moves
Euro jumps, shares fall despite aggressive new stimulus measures; ‘we are reaching the limits of monetary policy’
03/10/2016
FCA publishes a Discussion Paper on the client money distribution rules and the Special Administration Regime
The discussion paper is a great opportunity for the industry to come forward and give us their views and opinions on this critical piece of work
03/10/2016
Appeal court dismisses compo claim by ABN pair
Both claimed damages from ABN and RBS for non-payment to them of severance and ex gratia payments to which they alleged they were entitled under the ABN redundancy policy.
03/10/2016
Bank of England rapped for misleading public on UK financial safety
Brazier’s claims that more bank equity hurts the economy branded ‘disturbing’
03/10/2016
Advisers foot bill for failed UCIS tax scheme IFA
Turnberry, which entered liquidation last March, lost at least three cases with the Financial Ombudsman Service before it collapsed.
03/09/2016
New UK rules hold bank bosses accountable for misconduct
From today the senior managers and certification regime comes into force along with a new criminal offence of failing to prevent a bank from collapsing.
03/09/2016
Bankers ‘terrified’ at new regulations
Executives speaking at the Financial Times banking standards conference in London on Tuesday expressed a variety of concerns about the impact of the senior manager and certification regime, which came into force this week.
03/09/2016
New rules in Italy to allow direct lending by EU Alternative Investment Funds
On 14 February 2016 the Italian Government approved the Law Decree no. 18/ 2016 (the Decree), which introduces interesting provisions for asset management industry players in Italy.
03/09/2016
Ineffective monetary policy will provoke further easing from ECB
The last time he gave strong hints that action was imminent was ahead of December’s meeting, when he was unable to persuade the ECB to go along with him.
03/09/2016
The EU Succession Regulation: Spotlight on Cyprus - Harneys
In a Union where persons and capital are increasingly mobile and free movement forms a basic right, succession laws of the various Member States have not done a good job of keeping apace.
03/09/2016
Deutsche Bank and UBS lose bonus tax case
The UK Supreme Court has ruled Deutsche Bank and UBS should pay taxes on bonuses paid to their investment bankers over a decade ago. The bonuses were paid to staff via offshore accounts in the form of shares to avoid attracting income tax and national ins
03/09/2016
OECD countries inch toward closing tax loopholes for the rich
Efforts begin to tighten banking rules that cost governments and taxpayers billions every year
03/09/2016
Tom Hayes Denied Latest Bid to Appeal Libor Conviction
The decision makes it much more difficult for Mr. Hayes to challenge his conviction
03/09/2016
International law firm cannot rule out World Cup 2006 corruption
Among the events taking place is “The Law of Love”
03/09/2016
Navigating Regulatory Compliance - Eversheds
Investment Management Monthly Regulatory Update
03/09/2016
ESAs Publish Final Draft Technical Standards On Margin Requirements For Non-Centrally Cleared Derivatives
These RTS cover the risk mitigation techniques related to the exchange of collateral to cover exposures arising from non-centrally cleared over-the-counter (OTC) derivatives.
03/09/2016
The Wealth Finance Brief - Fieldfisher
In this quarter's edition of The Wealth Finance Brief we consider a number of recent legal developments relevant for the private wealth sector.
03/08/2016
UK bankers still not willing to accept bonus caps
The Bank of England drafted a response to the EU review of the rules, criticising the bonus cap
03/08/2016
Bankers & Regulators Not Keen on Public Blockchain Solutions
The waiting game continues, before the regulators figure out the ways in which new innovations can or, according to them, should be policed.