05/28/2015
Quinn's rising stake in Anglo 'highly unusual', banking inquiry told
Tony Grimes said the businessman's increasing stake in Anglo was highly unusual.
Legal, Regulation & Compliance
05/28/2015
ECON Committee falls short on bank rules change
Legislation that would have made life difficult for the EU's 30 largest banks failed in a Parliament committee, prompting a rethink of how to lessen the risk posed by such institutions
05/28/2015
International law firm extends asset management practice to Europe
This team has extensive experience in advising private fund managers in relation to the structuring and establishment of a wide range of private investment funds.
05/28/2015
Mattioli Woods founder poised to transfer 50% of stake to ex-wife
His total holding equates to a little under 3.1 million shares of 1 pence each.
05/28/2015
Liquidators of failed Cayman Islands-based hedge funds sue Barclays
Barclays knew that during the first half of 2008, ICP Asset Management and Priore caused other investment vehicles they managed to make over $40 million in fraudulent transfers to Barclays to cover Triaxx Funding’s margin obligations.
05/28/2015
Accenture: UK Government Should Regulate Bitcoin Wallets
The UK government should apply the same regulation and identification requirements to bitcoin wallets as it does to bank accounts, Accenture has suggested.
05/28/2015
Basler Kantonalbank says to pay 38.6 million euros in German tax probe
Basler, one of a host of local government-backed lenders in Switzerland, is still on the hook in a U.S. probe investigating how Swiss banks helped wealthy Americans dodge or cheat on taxes.
05/28/2015
Societe Generale Unit Joins Other Banks in U.S. Tax Evasion Pact
The department is currently investigating accountholders, bank employees, and other facilitators and institutions based on information supplied by various sources, including the banks participating in this Program. Our message is clear – there is no
05/28/2015
The Investment Association systemic risk response: “It’s not how big you are, it’s what you do with it”
The Association insists that the right approach is to focus on activities that might give rise to dangerous levels of interconnectedness and leverage, rather than firm or fund size, which, it argues, is a useless tool for identifying systemic risks in inv
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
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