11/12/2015
The EU-U.S. Safe Harbor decision: implications for the asset management industry
The Schrems v. Data Protection Commissioner of Ireland decision creates significant repercussions for EU to U.S. data flows across all sectors.
Legal, Regulation & Compliance
11/12/2015
Most EU countries have given banks option to double bonuses
Bonuses are limited to no more than a banker's fixed pay but this can rise to twice that amount if shareholders approve it.
11/12/2015
Treat rogue bankers like shoplifters and throw them in jail, says Osborne as he rejects pleas to 'move on' from the crash
Rogue bankers should be treated like shoplifters and thrown into jail, the Chancellor said yesterday.
11/12/2015
UK govt urged to set up new body to help investment banking thrive
It should be chaired by Finance Minister George Osborne and include the governor of the Bank of England
11/12/2015
UK leads on anti-corruption push, U.S. and China lag, campaigners say
Governments and campaign groups are concerned about company ownership transparency because webs of companies in secretive locations are important vehicles for money laundering.
11/11/2015
Pressure builds to delay MiFID II reforms
The Level 1 MiFID II legislation doesn’t provide for any delay to implementation
11/11/2015
Merkel Advisory Panel Urges ECB to Phase Out Easing Earlier
“Relying only on macro-prudential regulation cannot solve these problems.”
11/10/2015
Robo-advisor MoneyFarm raises EUR16m for UK launch
Italian digital wealth management startup MoneyFarm is preparing to enter the UK market after raising EUR16 million from Cabot Square Capital and United Ventures.
11/10/2015
International law firm appoints New Counsel and Senior Associate to Financial Services Group in London
I look forward to using my experience in structured finance and debt capital markets to further enhance the firm’s expertise in this area
11/10/2015
TLAC: EBF urges proper and careful implementation in Europe
The EBF appreciates that the calibration of the standard is at the lower end of the spectrum as originally proposed by FSB members and allows for a phasing in by 2022.
11/10/2015
Financial Conduct Authority‘s Project Innovate celebrates first anniversary with plans for ‘regulatory sandbox’
The FCA was asked to investigate the feasibility and practicalities of developing a regulatory sandbox for financial services by Her Majesty’s Treasury, following recommendations by the Government Office for Science.
11/10/2015
Beyond Banking: under attack on all sides
In the first of a three-part series, the FT looks at the turmoil and decline of the banking industry
11/09/2015
UBS named Best Global Private Bank again in magazine awards
The bank says its assets under management of two trillion Swiss francs S$2.82 trillion are the largest among global wealth managers.
11/09/2015
IFA fights FOS over 'unsuitable' drawdown advice
In July, the FOS found against Wolverhampton-based AJ Wealth Management over its advice for a client to enter income drawdown in 2006.
11/09/2015
Goldman Sachs Asset Management warns UK not to leave the EU
Mr Wilson’s comments contrast with the views of several senior hedge fund managers.
11/09/2015
Global Banks Face $1.2 Trillion Shortfall Under Proposed FSB Rules
The world’s 30 biggest banks, including HSBC, JPMorgan Chase and Deutsche Bank, would need to raise as much as $1.2 trillion in total loss-absorbing capacity by 2022 under proposed rules published Monday by Europe's Financial Stability Board (F
11/09/2015
Gresham House Wins Regulatory Approval To Manage Strategic Fund
The UK's Financial Conduct Authority has approved Gresham House Asset Management Ltd to carry out designated investment management business
11/08/2015
Jail HSBC worker who leaked 'tax dodge' documents for six years, prosecutor urges
Herve Falciani leaked documents allegedly indicating that HSBC's Swiss private banking arm helped more than 120,000 clients hide £129bn from tax authorities
11/06/2015
International law firm focuses real estate practice with partial transfer to Howes Percival
They will operate across all three of the firm’s offices in Cambridge, London and Singapore.
11/06/2015
Bond Dickinson makes dealmaker appointment
He developed his outstanding reputation whilst an equity partner at Addleshaw Goddard for 12 years.