01/04/2016
Ipes and KPMG sign agreement to provide investors with certain services
One of the first deadlines for clients to be aware of is the deadline for FATCA reporting for US and UK investors in May/June 2016.
Legal, Regulation & Compliance
01/04/2016
Cofunds announces improved drawdown visibility
This will enable them to manage their clients’ decumulation strategies and ultimately plan and manage their wealth effectively and tax efficiently.
01/04/2016
Art dealer Wildenstein accused of huge French tax fraud
This “hidden” estate consisted of properties in New York and the Virgin Islands
12/31/2015
Apple to Pay $348 Million to Settle Italy Tax Probe
Authorities in Milan told the publication that Apple was under investigation for failing to declare earnings in Italy from 2008 through 2013.
12/31/2015
FCA will not publish key report into Britain’s banking culture
Regulator decides to work directly with banks to address concerns over 'remuneration, appraisal and promotion decisions'
12/31/2015
World Gold Council Wants to Create Standard to Avoid Islamic Finance Disputes
The 18-member council and Amanie Advisors issued a consultation draft in November to Shariah professionals and practitioners.
12/31/2015
Hungary state asset manager sues FHB to increase stake in mortgage bank
At an EGM on Monday 28th December, the shareholders of FHB Mortgage Bank approved a capital raise by issuing new stock capped at HUF 4.45 billion, the statement reminded.
12/30/2015
Russian banker Gitelson seeks for his own bankruptcy
The DIA argued that the defendants did damage to the bank in the said amount by approving unrecoverable loans.
12/30/2015
Barclays fined $13.75m by US regulators
Barclays did not admit or deny wrongdoing in agreeing to the settlement
12/30/2015
British banks on the hunt for legal talent
'Pressure from regulators has played a critical role in driving recruitment within banking and financial services,' commented Robert Walters' chief executive for EMEA Chris Hickey.
12/29/2015
UK banks receive first report cards from Banking Standards Board
Assessments sent to Barclays, HSBC, Lloyds, RBS, Santander, Standard Chartered, Nationwide, Metro, Citi and Morgan Stanley
12/29/2015
Fines and regulation boost demand for City lawyers
Recruitment firm Robert Walters revealed the surge in financial services’ legal recruitment in its annual UK jobs index, which recorded a 22 per cent rise in overall job ads posted online.
12/29/2015
CCP resolution and the ending Too Big to Fail agenda - Andrew Gracie
Speech by Mr Andrew Gracie, Executive Director of Resolution of the Bank of England, at the 21st Annual Risk USA Conference, New York City, 22 October 2015.
12/29/2015
Russia enforces stricter currency exchange rules
Officials say the measures are designed to thwart money laundering and the financing of terrorist organisations.
12/29/2015
Hungary central bank fines Erste, Porsche Bank
Erste Bank Hungary Zrt. is to pay HUF 4.5 mn for two breaches in connection with APR and early repayment fees.
12/29/2015
BNG added to list of ‘too big to fail’ Dutch banks
BNG has been included because it ‘has a relatively large balance sheet and is interconnected with other domestic and foreign financial institutions
12/29/2015
Revealed: BoE's Fury At Barclays Reform Plan
Under new rules drawn up by Sir John Vickers' Independent Commission on Banking in 2011, banks with more than £25bn of deposits must ring-fence their retail units from their investment banks by the end of 2019.
12/29/2015
Oliver Wyman, SocGen to advise on rescued Italian banks - sources
As part of the 3.6 billion euro ($4 billion) deal, Italian authorities set up four temporary or bridge banks that will receive all the lenders' assets and liabilities, and which will be sold in coming months.
12/28/2015
Commerzbank sues 4 banks over mortgage losses
Bank of New York Mellon Corp and units of Deutsche Bank AG, Wells Fargo & Co and HSBC Holdings Plc were named in the lawsuits filed in Manhattan federal court.
12/28/2015
Dagong denies European unit faces EU probe
Domestic rating agencies to play bigger role as yuan goes global: expert