03/19/2015
UK's Plans to Regulate Bitcoin Revealed in Treasury Report
The announcement is the government's first major attempt to grapple with the regulatory and consumer safety issues surrounding digital currencies
Legal, Regulation & Compliance
03/19/2015
ESMA to Member States: You’re Not Doing Enough Re: MiFiD
By way of background, MiFiD addresses best execution in two Articles, 21 and 44.
03/19/2015
High regulatory costs here to stay, senior figures warn
High regulatory costs are apparently here to stay
03/19/2015
European Regulators Focus on Automated Trading Ahead of MiFID II
ESMA reviewed how the thirty financial authorities across the EU have implemented its guidelines on automated trading into their day-to-day supervision of trading platforms. The guidelines set out systems and controls requirements for investment firms and
03/18/2015
Beneficiary Held To Be Liable To A Penalty For Inaccurate Inheritance Tax Declaration
This penalty was introduced by the Finance Act 2007.
03/18/2015
‘We have to find our own place’: Mishcon de Reya kicks off strategy review as it looks for 10-year plan
After surpassing revenue targets two years early last summer, high-flying City firm Mishcon de Reya has kick-started the process for its firmwide strategy review and is currently interviewing external consultants to help shape its vision.
03/18/2015
Citigroup, Barclays Close to Settling Forex Lawsuit With Private Investors
Two banks expected to pay as much as a combined $800 million to settle lawsuit
03/18/2015
Northern law firms show efficiency in revenues against their regional counterparts
Northern law firms showed strength in fees generated per earner as a new report suggests real growth has returned
03/18/2015
Piech, Porsche Family on Witness List in Hedge-Fund Lawsuit
The men all served on the Porsche supervisory board in 2008 when the company tried unsuccessfully to take over its then-rival VW.
03/18/2015
FCA bans former Rabobank trader
This is the FCA’s first public action against a trader for manipulating LIBOR submissions, and follows recent fines and bans for two senior executives for LIBOR compliance failures.
03/18/2015
BoE calls for UK asset manager stress tests
The test would aim to determine if asset managers have put aside enough capital to mitigate against any possible risk.
03/18/2015
New rules for OTC derivatives delayed for 9 months
The delay was announced on Wednesday by the Basel Committee, part of the Bank for International Settlements, and the International Organisation of Securities Commissions, an umbrella organisation for central banks.
03/17/2015
Banco Madrid files for bankruptcy as money laundering scandal swirls
The US accused its Andorran parent of laundering money for organised crime groups
03/17/2015
FCA confirms approach to improving responsibility and accountability in the banking sector
Sets out how the FCA will implement the Senior Managers Regime
03/17/2015
Nothing to fear from high standards by Martin Wheatley
Speech by Martin Wheatley, Chief Executive of the FCA, delivered at Bloomberg. This is the text of the speech as drafted, which may differ from the delivered version.
03/17/2015
Due Diligence and Shift in Focus - forecasts TCC
As the waiting game begins for the FCA’s new business plan, Jason Wintie, director of compliance at The Consulting Consortium, predicts a shift in focus from the regulator:
03/17/2015
Rathbone boss calls for new rules to stem fund inflows
Mr Webb said Ratbone was not “anywhere near capacity” across its two main funds
03/16/2015
FCA confirms approach for financial promotions in social media
The FCA recognises that social media are powerful channels of communication
03/16/2015
Pope Francis' Financial Reforms Rattle Vatican's Old Guard
When the College of Cardinals elected the new head of the Roman Catholic Church two years ago, Pope Francis was given the mandate to put the Vatican's dysfunctional administration in order.
03/16/2015
Ogier shortlisted as Law Firm of the Year, EMEA
2014 was a significant year for Ogier and its Private Client and Trusts practice when it repositioned itself as an independent law firm after the management buy-out of Ogier Fiduciary Services