03/03/2016
FCA blacklists unauthorised adviser
Gemini Asset Management is believed to have been providing financial services or products in the UK without the regulator’s authorisation.
Legal, Regulation & Compliance
03/03/2016
Ogier advises Global Infrastructure Partners on sale of London City Airport
London City Airport serves around four million passengers a year, a figure that has almost doubled since 2005.
03/03/2016
FCA says won't let pension freedoms become next mis-selling scandal
Lawmakers said taxpayers must not end up funding the retirement of people who have blown their pension pots.
03/03/2016
Closed-book giant Phoenix: ‘No evidence’ exit fees blocking pension freedoms
Closed-book provider Phoenix Life says it does not consider exit charges a problem and finds “no evidence” penalties are stopping customers using the pension freedoms. The stance comes a day after Scottish Widows announced plans to scrap all
03/03/2016
U.K. regulator opens probe of 6 insurers's fees
The FCA is focusing on fees charged to customers.
03/03/2016
Ex-HSBC Credit Trader Jorgensen Sues Bank for Unfair Dismissal
Compensation for a successful unfair dismissal claim is capped at about 78,300 pounds ($110,000) at London’s employment tribunals
03/03/2016
McDermott: we would like banks to 'carefully' return to advice
McDermott warned banks any return to advice would need 'to be done cautiously and carefully’ in order to avoid previous mis-selling problems.
03/03/2016
ECB ready with new stimulus: Bank of France chief
The ECB has set the interest rate for banks to park money at the central bank at negative levels and is in the middle of buying hundreds of billions of euros of assets to boost prices.
03/02/2016
Squire Patton Boggs Strengthens Financial Expertise in Bratislava
She has also acted for clients in sectors such as energy, real estate, construction and manufacturing, as well as advised on competition regulation and public procurement issues.
03/02/2016
Austria's FMA Warns of Borkers Kapital & Wert Bank, ZUG FX
The company also provides services in wealth management both for private investors and corporations.
03/02/2016
Two banks demand $36 mln from JFC ex-CEO Kekhman in bankruptcy case
Kekhman earlier filed an appeal with the Thirteenth Commercial Court of Appeals against a court ruling to introduce a procedure of debt restructuring against him on the claim of Sberbank.
03/02/2016
US probing Barclays hiring practices in Asia
About 10 banks in the United States and Europe have said they are being investigated by US agencies over aspects of their foreign recruiting.
03/02/2016
ECB ready with new stimulus: Bank of France chief
Yet inflation remains stubbornly low and has recently dipped into negative territory
03/02/2016
Negative rates, negative consequences
A sustained market rebound will require major policy changes.
03/01/2016
UK regulator tells asset managers to review ability to repay investors
The Bank of England and international authorities are examining whether promises by funds to give investors their money back at any time could end up damaging confidence in markets.
03/01/2016
Common Reporting Standard: The impact of new tax transparency rules on charities - Withers
Some time ago we wrote about the impact on UK charities of the Foreign Account Tax Compliance Act ('FATCA'). UK charities with US investments became obliged under FATCA to certify their status to banks and investment managers, but in essence, th
03/01/2016
Mistake: escaping from tax consequences – the Royal Court of Jersey sounds a cautionary note
The familiar adage “if it looks too good to be true, it probably is too good to be true” has certainly applied to a number of tax mitigation schemes over the years.
03/01/2016
Europe-wide action targets money mule schemes
The operation was also supported by Europol, Eurojust and the European Banking Federation.
03/01/2016
A Question of Accountability
Now, HVB is taking the next step.
03/01/2016
FRC fines Moore Stephens
The FRC found that in relation to year ends for 2007 and 2008, the firm and McClean failed to obtain an adequate general understanding of the legal and regulatory environment in which PMS operated for the purposes of the audit.