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.
Legal, Regulation & Compliance
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.
06/08/2015
Ombudsman forces managers to make up losses suffered in late transfer
The Pensions Ombudsman has ordered two wealth managers to make up the investment losses incurred by a pensioner on the late transfer of his drawdown fund.
06/05/2015
Lloyds to get record £100m fine for mishandling PPI complaints
Bailed out bank Lloyds is set to be slapped with a record fine by financial watchdogs for mishandling payment protection insurance complaints
06/05/2015
Lloyds bank fined £117m over PPI scandal
Largest ever retail fine
06/05/2015
Luxembourg Signs MoU with Toronto Financial Centre
The visit focused on cross-border expertise
06/05/2015
Premier League Will Drop Barclays Sponsorship
The English Premier League will forego having a sponsor from 2016 on.
06/05/2015
Kirkland partner losses continue as capital market star joins Freshfields
Kirkland is one of the most competitive partnerships as regarding paying its partners and lateral hires.
06/04/2015
GFSC consults on the regulation of personal pension schemes
The paper has been developed at the request of HM Government of Gibraltar and is designed to support the further development of the market for personal pensions and ensure that personal pensions continue to be subject to appropriate regulation and investo
06/04/2015
UBS leads business move to Jersey International Financial Centre
The Property Team at leading offshore Law Firm, Mourant Ozannes, has recently advised UBS AG Jersey in relation to an agreement with States of Jersey Development Company to lease Grade A office premises at the high-profile new Jersey International Financi
06/04/2015
Victory for thousands of investors with high interest Lloyds bonds bought at height of financial crisis
Lloyds wanted to repurchase ECN bonds at face value
06/04/2015
Grant Thornton creates 71 new jobs in Belfast
Invest NI is giving the company £202,000 in grants.
06/04/2015
Tisa: Asset managers unaware of Mifid II impact
Tisa, the not-for-profit membership association, warns that many asset managers, distributors, wealth managers, life and pensions companies and firms for whom D2C is important are unaware of the implications of Mifid II.
06/04/2015
Gibraltar QROPS operator accountability set to rise
Gibraltar QROPS operators could see their responsibilities as a trustee extend to include the due diligence of overseas financial advisers