01/29/2016
Regulators want to check the robots before they're unleashed
Regulators across Europe are conducting reviews of the robo-advisory market.
Legal, Regulation & Compliance
01/29/2016
UK banks pay 2 billion pounds for mis-sold rate swaps, reviews complete
The compensation total includes 464 million pounds for so-called consequential losses, which set the clock back to the point before the products were sold and require banks to compensate beyond the direct losses that businesses have suffered.
01/28/2016
Senior Promotion In Dispute Resolution at Murray Beith Murray
Her main areas of practice include contractual disputes, property litigation and debt recovery.
01/28/2016
Where there’s a will, there’s William at leading law firm
Solicitor William Rowe has joined the firm as an associate.
01/27/2016
Two more banks’ licenses revoked in Azerbaijan
These banks couldn’t fulfil their obligations to creditors and didn’t manage their current activity reliably and prudentially
01/27/2016
European Commission Letter to ESMA on Application of AIFMD Passport
The Commission stated that with regard to the advice on granting the AIFMD passport to managers and funds established in third countries, it agrees that the country-by-country approach adopted by ESMA is correct.
01/27/2016
Bond Dealers Tell U.K. Debt Office Their Job Is More Onerous
Investors at the Tuesday gathering said the burden of regulation risks cutting liquidity and pushing up transaction costs
01/26/2016
Leading offshore law firm aooints new director
He has a loyal and growing following of clients who value his technical skills, his pragmatic approach and his super quick turnaround times.
01/26/2016
King & Wood Mallesons in Talks to Raise Capital in Europe, Review Finances
Fuller declined to comment on many specifics of the five-year plan, called “2020,” but said part of it would entail strengthening the firm’s European business, which he confirmed has struggled with some cash flow issues because of its &a
01/26/2016
UK Considers Allowing Iranian Banks to Resume Business in London
The Iranian banks are now working with regulators to get up to speed with new regulation such as capital requirements, risk management and governance, before restarting operations.
01/25/2016
Senior lawmaker urges UK banks to invest in IT to prevent failures
Britain's retail banks have been hit by a number of technology failures in recent years, causing inconvenience for hundreds of thousands of customers and prompting lawmakers to call for more investment in financial technology.
01/25/2016
Schofield Sweeney eyes growth following merger
Armitage Sykes traces its roots back to 1751 and has grown to become a leading practice in West Yorkshire.
01/25/2016
Exclusive: Whistleblowers ‘betrayed’ by FCA
The SME Alliance, an organisation which represents private companies who are in dispute with financial organisations
01/25/2016
South Korean court orders jail term for Deutsche trader for market manipulation
The Deutsche Securities employee, identified by the court as Park Do-joon, was at the time a senior vice president in charge of stock derivatives, according to Yonhap news agency.
01/25/2016
Tighter capital rules pose threat to German banks-banking group
The agreed rules are not yet fully in force but regulators continue to tighten the screws, a development that could hit the already weak profitability of Germany's banks hard, the BDB told a press briefing.
01/24/2016
Isle of Man resists offshore ownership register
The UK is publishing its first register of beneficial company ownership this year.
01/23/2016
European Shelf Companies from Vistra Poland -
SEs are primarily regulated by the EU, although national laws may apply if the SE is formed by way of a joint venture between two Member State companies.
01/22/2016
Swiss bank enters plea bargain in France over tax fraud: sources
Investigators found no evidence of this and the employee later retracted his allegations.
01/22/2016
Appleby wins Jersey Law Firm of the Year title at Citywealth Awards
During the presentation at the Grange City Hotel in London on Wednesday evening, Appleby, one of the world’s largest providers of offshore legal services, was also awarded the ‘Isle of Man Law Firm of the Year’ title and named runner-up
01/22/2016
Convict Libor brokers only if they played "significant" role, UK jury told
Libor, the London interbank offered rate, helps to determine the borrowing costs for trillions of dollars in loans worldwide.