03/05/2015
Fraud office probes Bank of England auctions
The bank said it had commissioned an inquiry into ‘liquidity auctions during the financial crisis in 2007 and 2008’
Legal, Regulation & Compliance
03/05/2015
CPA Ireland Signs Partnership Agreement with Russian Counterpart
Will promote cooperation and assistance between two organisations
03/04/2015
Norway Pushed to Review Oversight of World’s Biggest Wealth Fund
Norway’s $880 billion sovereign wealth fund is facing new calls for tighter oversight as the government prepares its annual strategy document
03/04/2015
The Impact Of New Regulation On Commodities Firms -Clare Hatcher and Laura Hingley, Clyde & Co
It has been a very busy period for commodities businesses tracking new regulation aimed at making the commodity markets more transparent and reducing systemic risk
03/04/2015
Bedell acts in ground breaking longevity structure
Bedell Cristin and Bedell Trust have assisted Artex Risk Solutions and PwC in the creation of a new regulated insurance platform
03/04/2015
UK wins in European Central Bank court challenge
The UK had argued that the ECB policy, set out in an 2011 paper but never enforced, went against the EU's single market
03/04/2015
Aviva France fights back against "golden ticket" contract giving one French investor 68% returns
A life insurance certificate allows Max-Hervé George to trade on last week's prices
03/03/2015
Seven new trends in post-crisis financial regulation
Sharma identified seven trends in global financial regulation that he has observed, pivoting around the emergence of a new regulatory paradigm that has seen the rise of the discretionary regulator and implementation of regulations beyond depositor, policy
03/03/2015
Ogier welcomes Guernsey and Luxembourg’s Memorandum of Understanding
The new Memorandum of Understanding between Guernsey and Luxembourg reinforces the positioning of both locations as major fund locations
03/03/2015
Pinsents lures Addleshaws financial regulation head
In his 16-year career as a partner at Addleshaws, he led the firm's financial services sector and regulatory practice and recently advised the Council of Mortgage Lenders on the government's Help to Buy scheme
03/03/2015
HSBC faces second grilling by UK lawmakers over Swiss tax scandal
HSBC's faces a second grilling by British lawmakers on Monday as fallout from the bank's Swiss tax scandal continues.
03/03/2015
European Banking Regulator Postpones Next Stress Tests to 2016
The European Banking Authority, the banking regulator of the European Union, said on Tuesday that it would conduct its next Europe-wide stress test in 2016
03/03/2015
Fund managers fat-cat scandal: Institute of Directors calls for probe into high-pay culture
The growing culture of fat-cat pay at the UK’s most powerful fund managers is set to be the next big corporate scandal, the Institute of Directors has warned.
03/03/2015
Spanish property developer Martinsa files for bankruptcy
The company sought voluntary creditor protection in July 2008
03/03/2015
Banks' PPI bill now totals £24.4bn
The bill for the mis-selling of payment protection insurance (PPI) by the five biggest banks in the UK has now reached £24.4bn, says consumer group Which?.
03/02/2015
Austria imposes debt moratorium on Heta "bad bank"
Sunday's step, allowed by new legislation that gives banking supervisors more power
03/02/2015
Deutsche Bank co-CEO to face trial on false testimony chages
The higher regional court in Munich said in a statement that the trial would begin on April 28 and last at least until August.
03/01/2015
One in 10 bankers scraps bid for top UK job as vetting gets tougher
More than one in 10 people picked for the top jobs in British finance pull out during a regulatory vetting process which has got tougher since the financial crisis
03/01/2015
No wonder Nick Clegg has gone quiet on tax dodging: His wife's paid by law firm that helps rich avoid tax and his father is chairman of bank with ties to tax haven
'His failure to make more noise is odd' says prominent tax QC
03/01/2015
UK Serious Fraud Office Investigates “Ethical” Investment Company
This past week the SFO carried out two search warrants in Hertfordshire. It is asking anyone who invested in either Global Forestry Investments or Global Forex Investments to complete a questionnaire on the SFO website.