12/03/2015
FCA to require insurance firms to publish details of last year’s premium
The FCA has found evidence of low levels of consumer engagement, switching, and a lack of competition when some types of insurance policies are renewed.
Legal, Regulation & Compliance
12/03/2015
Carlyle quits Mayfair for more modern St James’s HQ
Its UK base is due to be demolished in two years.
12/02/2015
Advisers welcome FCA clampdown on firms delegating advice
Improperly delegating regulated activities to others can have 'serious implications', regulator warns
12/02/2015
Eurozone bailout rescues Greece's top bank
The eurozone's bailout fund rescued Greece's largest bank on Tuesday, launching a recapitalisation process that is a crucial part of the country's third loan programme in five years.
12/01/2015
Asian companies have growing interest in U.K., says top Barclays banker
The number of people employed by U.K. companies in India has reached 690,000
12/01/2015
U.K. Asset Managers Should Be Subject to Stress Tests, BOE Says
The BOE’s Financial Policy Committee said on Tuesday that the first test will assess the resilience of markets to large fund redemptions.
12/01/2015
Standard Bank to pay $25m to settle bribery case
This indictment, pursuant to DPA proceedings, was immediately suspended. This was also the first use of section 7 of the Bribery Act 2010 by any prosecutor.
12/01/2015
Harneys acts for Virgin Group
Virgin is a leading international investment group and one of the world's most recognised and respected brands.
12/01/2015
UK banks pass stress tests as Britain's "post-crisis period" ends - as it happened
Rolling coverage as the Bank of England publishes its annual health check of Britain’s financial sector
12/01/2015
FATCA System Upgraded to Brighten the Holidays
Following the change or transfer, a new FATCA account will be created with existing registration information, including branches.
12/01/2015
Pope Francis orders unprecedented audit of Vatican wealth
Galvanised by a scandal over Vatican finances Francis is pushing for more openness and transparency
12/01/2015
FCA to probe AM sector over competition, costs and charges
The FCA is set to investigate how well fund houses control costs for the end client, as part of its market study into competition and consumer value in the asset management sector.
11/30/2015
Hungarian, Chinese business partners seal deals worth nearly $2 bln
Hungarian and Chinese companies signed contracts with a combined value of almost $2 billion in Beijing yesterday
11/30/2015
German Private Enforcement Pioneer Christopher Rother to Head Hausfeld Berlin Office
Christopher has practiced for over 25 years and is among the most experienced and renowned competition lawyers in Germany.
11/30/2015
King & Wood Mallesons triumphs at Legal Week's British Legal Awards
The judging panel, made up of senior general counsel and other business figures, described this year’s competition as “fiercer than ever”.
11/30/2015
Elder law newsletter | November 2015 - Withers
In this issue, we review the Public Guardian's updated version of its guidance on LPA's and discretionary investment management, summarise latest cases from the Court of Protection (including those on foreign issues) and examine LPA's in re
11/30/2015
Improper delegation of authorised activities - a notice for financial adviser firms and their advisers
The financial adviser remains responsible for all decisions, actions and potential harm resulting from regulated activities provided in their name and the associated liability for providing unsuitable advice.
11/30/2015
Bank stress test results: Britain's seven biggest lenders including Standard Chartered, HSBC, Lloyds and Barclays, under pressure from regulators
The tests assessed how the banks would withstand risks from emerging markets, including a sharp slowdown in China and other emerging markets alongside falling oil prices and a strengthening US dollar.
11/30/2015
International Law Firm Boosts Private Client Team
joins the firm as Head of Contentious Trusts from Wragge Lawrence Graham & Co
11/30/2015
FCA warns of 'serious implications' in pension switching referrals
Firms have been referred to enforcement