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
Legal, Regulation & Compliance
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
03/16/2015
Ogier is leading offshore adviser to European IPOs
The firm, which has offices in Jersey, Guernsey, Luxembourg, Cayman Islands, BVI and Hong Kong, was ranked 12th in the previous year.
03/16/2015
Cyprus becomes "Equivalent Jurisdiction" under Cayman Money Laundering Regulations
On 21 November 2014 the Cayman Islands gazetted an amendment to the Money Laundering Regulations (Regulations) to include Cyprus in the Third Schedule to the Regulations which lists countries and territories with equivalent legislation for anti-money laun
03/16/2015
FSCS to review claims over property funds hit by SFO probe
The Financial Services Compensation Scheme has started to process claims against advisers in relation to three Stirling Mortimer funds which make up the Stirling Mortimer Global Property Fund.
03/16/2015
Spanish Bank Seeks Creditor Protection After Withdrawals
Banco de Madrid SA stopped operations and is seeking protection from creditors after the U.S. accused its parent, Banca Privada d’Andorra, of money laundering.
03/16/2015
Hume Capital Securities suspends trading as funding fails
The company’s board had appointed insolvency practitioners Leonard Curtis and legal advisors DWF to look at its business model but has now appointed administrators to assess its position going forward.
03/15/2015
'Remuneration requirements for banks – a global comparative analysis' - Norton Rose Fulbright
This guide is the third in a series that Norton Rose Fulbright has produced on structural banking reform
03/13/2015
Regulator scraps plans for list of AE providers
The Pensions Regulator’s anti-competitive stance will limit choice for smaller employers
03/13/2015
Commerzbank of Germany to Pay $1.5 Billion in U.S. Case
Collectively, the investigations were a magnet for federal and state authorities
03/13/2015
Lombard Risk Announces Support for Margining on Noncleared Derivatives
Users can take confidence in that COLLINE has been supporting various regulatory initiatives such as IOSCO, Basel III, Dodd-Frank and EMIR as they have arisen.
03/13/2015
Another senior exit for Barclays as EMEA investment bank GC steps down
It is understood that Handling's successor has been chosen and the appointment will be announced within the next couple of weeks
03/13/2015
KWM’s City litigation head leaves for Covington
US firm Covington & Burling has bolstered its European disputes capabilities
03/12/2015
ABN Amro fires six at Dubai office
ABN Amro Group NV has fired six employees at its private banking arm in Dubai after discovering they breached its code of conduct. The Dutch bank said Wednesday that the employees, four of whom were relationship managers, breached internal compliance rul
03/12/2015
New HR manager at Isle of Man law firm
She gained a wide range of experience with a number of life assurance companies before setting up her own recruitment and HR business.