06/11/2015
Carney to extend market abuse rules to fund managers
This is in response to a number of recent scandals, especially within the banking industry
Legal, Regulation & Compliance
06/11/2015
International law firm launches global alternative legal services business
The new global business will bring together the firm's Belfast office with its Australian Information Logistics team and its London-based Disputes Data Management service to create a global team of approximately 240 lawyers, legal assistants and tech
06/10/2015
Deutsche Bank Raided in Tax Probe
A Deutsche Bank spokesman said prosecutors hadn't brought forward any allegations against the bank's current staff in relation to Tuesday's events and declined to comment further.
06/10/2015
Serious Fraud Office actively reviewing material on US action against Fifa
The government has confirmed that the Serious Fraud Office is actively reviewing material related to US action against the Fifa officials accused of corruption
06/10/2015
Belgium to Block ‘Vulture’ Funds From Profiting on Government Debt
Motion would affect funds that snapped up government debt at rock-bottom prices from countries teetering on the brink of default
06/10/2015
The Gibraltar FSC signs MoU with the Guernsey FSC
The MoU will serve as a formal agreement to strengthen co-operation between the two supervisory authorities, providing a gateway to exchange information and increase investigative assistance between the two organisations.
06/10/2015
Wealthy ex-wife settles for £1.6m after judge warns on legal costs
A wealthy property developer's wife is to receive over £1.6m in a settlement worked out after a judge urged the couple to spend no more money on their divorce battle after legal costs reached a "crazy" and "absolutely barmy"
06/10/2015
AO Hall and Maitland Chambers host first cyber-currencies conference in Guernsey
AO Hall and Maitland Chambers are hosting Guernsey's first-ever dedicated conference on digital currencies.
06/09/2015
Compensation for poor conduct has cost the world's biggest banks £200bn
The cost of compensating customers, paying fines and legal bills for the world’s biggest banks has increased to £200bn
06/09/2015
​Putin signs law on offshore assets amnesty
The law on capital amnesty elaborated by Russian Ministry of Finance was approved by Putin on March 25
06/09/2015
Hedge Funds Face $5 Billion Tax as Iceland Unveils New Law
Iceland presented legislation that will let it tax bank creditors trying to exit the $15 billion economy as the government unveils an historic bill to end capital controls.
06/08/2015
Brown Rudnick boosts Paris with restructuring duo
Brown Rudnick has bolstered its Paris team with the hire of partners from French firms De Gaulle Fleurance & Associés and August and Debouzy.
06/08/2015
DOJ readies fresh round of hefty bank settlements
The settlements involve mortgage securities that the banks sold in the run up to the financial crisis.
06/08/2015
Eurozone bank stress tests set for 2016: report
A stress test is a simulation of various scenarios of financial crisis that probes the strength of banks' balance sheets.
06/08/2015
Three Swedish banks accused of mis-selling funds
Nordea, Handelsbanken and SEB are accused of selling funds that could be classed as “closet trackers”
06/08/2015
Asset Management Chief Suggests Companies End Quarterly Reporting
Change in law prompts call for companies to focus on long-term business goals
06/08/2015
Expat pensioners losing out as Government thinks they're dead
Elderly Britons overseas who've missed a deadline to prove they’re still alive have had their pensions stopped
06/08/2015
Banca Monte Paschi Belgio implements Wolters Kluwer regulatory reporting software
OneSumX Regulatory Reporting, part of OneSumX for Compliance, uses a single source of data to help ensure consistency
06/08/2015
Libor Trial Hears Global Banks Submitted Skewed Data
Numerous banks told the British Bankers’ Association they deliberately submitted inaccurate data, court at Tom Hayes trial is told
06/08/2015
Bellpenny completes two more IFA buyouts
Consolidator Bellpenny has completed two more IFA acquisitions bringing an additional £56m in funds under management and more than 250 clients.