05/26/2015
First Libor defendant faces trial in London
Tom Hayes, who worked for Citigroup and UBS, will appear in court on Tuesday to face charges of conspiring to rig benchmark interest rates
Legal, Regulation & Compliance
05/26/2015
Basel group faces challenge of ensuring banking rules compliance
After seven years of frenetic rulemaking in the wake of the global financial crisis the Basel Committee on Banking Supervision faces a new challenge
05/26/2015
Global regulators look to UK lead in push to tame market abuse
In all the kerfuffle over the latest banking scandal — complete with colourful emails between foreign exchange traders and multibillion-dollar fines for manipulating global FX markets
05/26/2015
FCA slaps Keydata founder with £75m fine
The FCA has today published Decision Notices in respect of three former members of Keydata’s senior management: Stewart Ford (former chief executive), Mark Owen (former sales director) and Peter Johnson (former compliance officer).
05/26/2015
PFS calls for action on unregulated advice ‘grey area’
The professional body’s chief executive called for greater control of non-regulated savings and investment activity, reiterating warnings made at the end of last year.
05/26/2015
Forex manipulation further undermines trust in international banking
Analysts say a regulatory void underlies the accusations
05/26/2015
Gibraltar Joins International Information Exchange Agreement
Agreement Strengthens International Supervisory Cooperation, Promotes Enhanced Consumer Protection
05/26/2015
City Trader Was 'Ringmaster' In Libor Scandal
Tom Hayes, a former UBS and Citigroup trader, was "motivated by greed" when he allegedly manipulated lending rates, a court hears.
05/26/2015
OECD Permanent Estabishment proposals could impact Channel Islands
The OECD has just released its revised proposals on the Permanent Establishment (PE) rules in Article 5 of the OECD Model Tax Treaty
05/25/2015
The Observer view on making bankers pay for their misdeeds
The need for an ethical culture in banking has never been stronger
05/25/2015
ECB chief calls for urgent government reforms
European Central Bank President Mario Draghi on Saturday said it was time for eurozone governments to launch reforms
05/25/2015
In Britain, Libor-Rigging Conspiracy Case Is Also a Test for Regulators
Regulators and prosecutors have extracted guilty pleas from financial institutions
05/25/2015
Barclays facing explosive allegations it engineered computer systems to rig financial markets
Last night experts said the allegations would ‘beg even more serious questions’ about these giants if they are proved to be true.
05/24/2015
Banks brace for more foreign exchange rigging pain as civil lawsuits come forth
Class-action cases expected to follow vast fines for manipulating currency benchmarks
05/24/2015
Ring-fencing zeal wilts after banks’ threat to quit Britain
Lenders want the regulators off their backs — and there are signs the Bank of England and Treasury will listen
05/24/2015
EU Inheritance Law Signals All Change For Expats
Spain is the number one expat retirement destinations for the British
05/24/2015
Criminal bankers have brazenly milked the system. Let’s change it- Will Hutton
Conflicts of interest and opportunities for price rigging must be outlawed
05/23/2015
Wealthy Russian whistleblower 'poisoned' in Paris after corruption fall-out with Putin
A WEALTHY Russian banker who died with traces of a lethal exotic plant in his body was poisoned in Paris in an international assassination, it is claimed.
05/22/2015
Appleby's aviation team to attend leading European Trade Convention
“The three-day conference and exhibition provides an invaluable opportunity to meet representatives from all aspects of the aviation industry, including major corporate aircraft manufacturers, international business leaders and government officials,
05/22/2015
JP Morgan investors told they can't sue bank over $6bn London Whale loss
Shareholders had accused Jp Morgan's board of failing to prevent a trader from making huge bets on financial markets that lost billions of dollars