06/29/2015
STM Group's Jersey Unit Cleared In Compliance Investigation
STM Jersey has been acquitted of all charges and found not guilty, therefore will not be sanctioned professionally or financially.
Legal, Regulation & Compliance
06/29/2015
Electronic commerce comes under the scrutiny of the European Commission
As announced in March 2015, the European Commission has launched an inquiry to identify potential non-compliant conduct carried out by companies in the e-commerce sector under European Antitrust Law
06/29/2015
Recognition for Bedell Cristin Partners in European legal awards
Two Bedell Cristin partners were recognised as leaders in their field across Europe in the Europe
06/29/2015
What Are Greece's Capital Controls?
Greece has imposed capital controls. Here's what the government has to say about the situation.
06/29/2015
Mifid II ruffles fund research practices
With Mifid II on the horizon, what impact will the new rules have?
06/29/2015
Citywealth names eight Ogier private client specialists on Leaders List 2015
Sally Edwards, who heads Ogier’s Private Client and Trusts team, is ‘the guru of the Jersey trust world’ according to a client testimonial shared by Citywealth. She is named on the Honours List and as a Citywealth Power Woman.
06/29/2015
Slater & Gordon confirms UK accounting errors, regulator probe
Australian law firm Slater & Gordon said on Monday it was being investigated by the Australian Securities and Investments Commission (ASIC) over errors in its reporting of UK cashflows, sending its shares down 26.4 percent.
06/28/2015
Celebrity hotel Champneys launches £17m lawsuit against Lloyds Bank
The spa claims it was mis-sold an interest rate swap in 2005
06/28/2015
‘I was robbing Peter to pay Paul’: Financial advisor to be sentenced for ’38 catastrophic mistakes’
“In hindsight, I should have put my hands up earlier. I’m a normal person who made a mistake, or rather who made 38 catastrophic mistakes.”
06/26/2015
Investment professionals must focus on clients over profits – CFA Institute
Investment management professionals should be less focused on their employers’ profits and more on solving their clients’ problems
06/26/2015
Whistleblower makes new Ansbacher claims
He also named another politician who he alleges had an offshore account used to evade tax in the document sent to the committee.
06/26/2015
Isle of Man Trusts (Amendment) Act 2015 is now in force.
This old rule originated from the Settled Land Act 1892 and was seen as prohibiting the effective administration of trusts.
06/26/2015
Banking Inquiry told of warning over repeat Lehman’s scenario
Central Bank chief Patrick Honohan insists bailout necessary regardless of bank guarantee
06/26/2015
Portugal cenbanker urges African states to align supervision with EU
The Bank of Portugal urged central banks in Portuguese-speaking Africa to raise supervision standards to the European banking union's tougher requirements to avoid capital cost hikes for European banks in Africa.
06/26/2015
Banks propose 90 ‘easy’ fixes as regulators struggle to assess risk
A leading banking lobby group has submitted 90 proposals to regulators to improve consistency in how banks assess the riskiness of their loans,
06/25/2015
Debevoise Advises Park Square Capital as it Raises $2.4 billion
The committed capital includes equity which has been raised from a range of institutional investors from around the world
06/25/2015
Asset management as a threat to the global system
Big questions" still need to be answered before determining whether asset managers pose a threat to the global financial system
06/25/2015
Three Partners named in the Citywealth Leaders List
This is the tenth year of the list, which is compiled from the votes of a huge number of people within the private wealth management sector and their clients, extensive research, consultations and interviews.
06/25/2015
Debt management firms slammed by FCA
People struggling with debt are given poor advce and pushed into unnecessary expense, says watchdog
06/24/2015
Britain’s Co-op Bank braces for fine over past problems
The Co-operative Bank could be fined by financial regulators next month, the British lender said on Tuesday, in settlement of an 18-month investigation of actions by former management and its 2009 merger with Britannia Building Society.