10/22/2014
Under the European Union’s Alternative Investment Fund Managers Directive, investment managers must quickly assess the risk profiles of their funds, understand the various types of risk exposures, and meet the reporting requirements that the directi
10/22/2014
Banks in London are expanding curbs on entertainment, with some adding bans on buying clients shots and expensing pricey bottle services for tables at nightclubs.
10/21/2014
Douglas Flint, the chairman of Europe's biggest bank, says restrictions on pay are hitting banking industry and making it difficult to hire top talent
10/21/2014
Despite increasing pressure for fiscal transparency and exchange of information, beneficial owners still have a choice: move the capital out (of Luxembourg), or move the owner in.
10/21/2014
Antitrust: Commission settles cartel on bid-ask spreads charged on Swiss Franc interest rate derivatives; fines four major banks € 32.3 million
10/20/2014
European Banking Authority's request for banks to change policies related to 'allowances' expected to go unheeded this year
10/20/2014
Reform will have a positive impact on the City’s reputation as a banking centre, says Philip Augar
10/20/2014
Augentius has received authorisation from the Ministère des Finances, Luxembourg to act as an authorised depositary to private equity and real estate funds in accordance with the Alternative Investment Fund Managers Directive (AIFMD).
10/20/2014
US-based employee benefits giant Arthur J Gallagher acquired the insurance broking and wealth management specialist in April 2014 in a deal worth £199m, in what was described by UK chief executive Tim Johnson as a ‘game-changer’.
10/20/2014
In just 36 hours last week, a crack widened into a chasm between two key regulators on the issue of bankers’ pay. Closing that gap is going to take a very long time.
10/20/2014
Shareholders have gone from getting 60 cents for every dollar in pay for staff before the crisis to getting 25 cents per dollar in 2013.
10/20/2014
The Guernsey Financial Services Commission (GFSC) has welcomed the Group of International Finance Centre Supervisors' (GIFCS) new benchmark for the regulation of trust and corporate service providers (TCSPs).
10/20/2014
Following the sale, Friends Life intends to return the full £317 million to shareholders via a buy-back of Friends Life's shares.
10/19/2014
As part of the continued international focus on combatting cross-border tax evasion and other financial crimes, during the June 2013 Lough Erne Summit presided over by the United Kingdom (G8 Summit), the G8 countries agreed to a set of principles intended
10/18/2014
USB accused of using family name to establish 'sham' foundation, rather than looking for surviving relatives.
10/17/2014
Sir George Mallinckrodt, retired head of the huge merchant bank, handed over jewellery and cash in alleged 'doorstep fraud' at his Chelsea home
10/17/2014
It is a sign that JPMorgan is close to settling enforcement action, which is being led by authorities in the UK and US and affects more than 15 banks.
10/17/2014
The final deal covered £50 million in liabilities and around 350 plan members for the London-based firm and its Ofcom (former ITC) Staff Pension Plan Ofcom is the regulator for the U.K. communications industries.
10/17/2014
The UK Government has at last published the changes that are being made to the Tier 1 (investor) visa route, and we can confirm that the minimum financial threshold is being increased to £2 million. This will not apply to existing holders of the vis
10/17/2014
The Standard, the first of its type, introduces a new minimum benchmark for businesses administering international trusts and companies to follow. It was formally adopted at GIFCS’ Plenary meeting last month.