06/26/2015
Isle of Man Trusts (Amendment) Act 2015 is now in force.
This old rule originated from the Settled Land Act 1892 and was seen as prohibiting the effective administration of trusts.
Legal, Regulation & Compliance
06/26/2015
Banking Inquiry told of warning over repeat Lehman’s scenario
Central Bank chief Patrick Honohan insists bailout necessary regardless of bank guarantee
06/26/2015
Portugal cenbanker urges African states to align supervision with EU
The Bank of Portugal urged central banks in Portuguese-speaking Africa to raise supervision standards to the European banking union's tougher requirements to avoid capital cost hikes for European banks in Africa.
06/26/2015
Banks propose 90 ‘easy’ fixes as regulators struggle to assess risk
A leading banking lobby group has submitted 90 proposals to regulators to improve consistency in how banks assess the riskiness of their loans,
06/25/2015
Debevoise Advises Park Square Capital as it Raises $2.4 billion
The committed capital includes equity which has been raised from a range of institutional investors from around the world
06/25/2015
Asset management as a threat to the global system
Big questions" still need to be answered before determining whether asset managers pose a threat to the global financial system
06/25/2015
Three Partners named in the Citywealth Leaders List
This is the tenth year of the list, which is compiled from the votes of a huge number of people within the private wealth management sector and their clients, extensive research, consultations and interviews.
06/25/2015
Debt management firms slammed by FCA
People struggling with debt are given poor advce and pushed into unnecessary expense, says watchdog
06/24/2015
Britain’s Co-op Bank braces for fine over past problems
The Co-operative Bank could be fined by financial regulators next month, the British lender said on Tuesday, in settlement of an 18-month investigation of actions by former management and its 2009 merger with Britannia Building Society.
06/24/2015
Six promotions at Miller Hendry
Miller Hendry have announced that six members of the legal team have been promoted within the firm
06/24/2015
Ex-UBS rogue trader Kweku Adoboli is out of prison
The FT reported that during his time behind bars, Adoboli was held in four different prisons. He was held at Wandsworth in London ahead of his trial.
06/24/2015
UK financial regulator investigates Quindell
The FCA can confirm that it has commenced an investigation into Quindell PLC
06/23/2015
A new legal force in the region has been created
Cambridge-headquartered UK Top 200 law firm that has been operating in London since 2013 through a small office in Euston.
06/23/2015
BPCE Chairman Goes on Trial for Alleged Conflict of Interest
he is alleged to have abused his position as a top presidential aide to get his job at the bank
06/23/2015
Noonan backs Germans in Greek cash standoff
Finance Minister Michael Noonan adopted a hardline stance on the European Central Bank giving emergency funding to keep the Greek banks afloat.
06/23/2015
FCA to revoke much-delayed fund communication rules
The FCA has proposed revoking a series of rules on how platforms and wealth managers communicate fund information to clients, originally set to be implemented at the end of 2015
06/23/2015
Former British Virgin Islands governor joins 39 Essex Chambers
He was Governor of the British Virgin Islands from 2010 to 2014, following a four year period as High Commissioner to Malaysia.
06/23/2015
FCA to revoke much-delayed fund communication rules
The FCA has proposed revoking a series of rules on how platforms and wealth managers communicate fund information to clients, originally set to be implemented at the end of 2015.
06/23/2015
PRA bans bonuses for management of tax-payer backed banks
Following responses to the consultation paper, the PRA and FCA will now explore further the option of requiring buy-out awards to be held in a form that permits them to be subject to malus by the previous employer.
06/23/2015
Pinsent Masons announces annual results
Our partners, and in particular my predecessor David Ryan, take credit for having developed a fantastic platform for success.