03/06/2015
FCA wins legal battle to fine fund manager £89k
The Tribunal’s decision was issued on 6 March 2015 after 3 days of hearing during September 2014. It remains open to the parties to appeal this judgment.
Legal, Regulation & Compliance
03/06/2015
UK law firms move to regrow private wealth practices
The first detailed survey of lateral partner moves in the UK tax and private client area shows a growth of interest in developing private wealth and tax litigation teams
03/06/2015
Brussels IV: finally, a solution for the skiing chalet and the villa in St Tropez - Withers
Many private client professionals will be wearily familiar with the problems where their UK clients own property in continental Europe.
03/06/2015
From black-list to white-list: latest developments - Withers
The Italian map of tax havens has changed. On 2 March 2015, the special window offered by Italian Law n. 186/2014 for the signature of exchange of information agreements was officially closed.
03/05/2015
Global regulators publish revised proposals to supervise top funds
Global regulators published revised proposals on Wednesday for supervising the world’s biggest mutual funds following fierce industry pushback in the United States and elsewhere.
03/05/2015
Top French court approves extradition of Kazakh banker
Mukhtar Ablyazov is at the heart of a legal saga that has lasted years and spanned several countries.
03/05/2015
Bank of Beirut UK unit fined for misleading UK regulator
The Bank of Beirut repeatedly provided the regulator with misleading information after it was required to address concerns regarding its financial crime systems and controls.
03/05/2015
Consumers struggling to understand structured products as FSA calls for improvements from firms
Consumers were asked to anticipate how the FTSE 100 would grow over time and then asked for their expectations for structured deposits linked to the FTSE 100 during the same period.
03/05/2015
Fraud office probes Bank of England auctions
The bank said it had commissioned an inquiry into ‘liquidity auctions during the financial crisis in 2007 and 2008’
03/05/2015
CPA Ireland Signs Partnership Agreement with Russian Counterpart
Will promote cooperation and assistance between two organisations
03/04/2015
Norway Pushed to Review Oversight of World’s Biggest Wealth Fund
Norway’s $880 billion sovereign wealth fund is facing new calls for tighter oversight as the government prepares its annual strategy document
03/04/2015
The Impact Of New Regulation On Commodities Firms -Clare Hatcher and Laura Hingley, Clyde & Co
It has been a very busy period for commodities businesses tracking new regulation aimed at making the commodity markets more transparent and reducing systemic risk
03/04/2015
Bedell acts in ground breaking longevity structure
Bedell Cristin and Bedell Trust have assisted Artex Risk Solutions and PwC in the creation of a new regulated insurance platform
03/04/2015
UK wins in European Central Bank court challenge
The UK had argued that the ECB policy, set out in an 2011 paper but never enforced, went against the EU's single market
03/04/2015
Aviva France fights back against "golden ticket" contract giving one French investor 68% returns
A life insurance certificate allows Max-Hervé George to trade on last week's prices
03/03/2015
Seven new trends in post-crisis financial regulation
Sharma identified seven trends in global financial regulation that he has observed, pivoting around the emergence of a new regulatory paradigm that has seen the rise of the discretionary regulator and implementation of regulations beyond depositor, policy
03/03/2015
Ogier welcomes Guernsey and Luxembourg’s Memorandum of Understanding
The new Memorandum of Understanding between Guernsey and Luxembourg reinforces the positioning of both locations as major fund locations
03/03/2015
Pinsents lures Addleshaws financial regulation head
In his 16-year career as a partner at Addleshaws, he led the firm's financial services sector and regulatory practice and recently advised the Council of Mortgage Lenders on the government's Help to Buy scheme
03/03/2015
HSBC faces second grilling by UK lawmakers over Swiss tax scandal
HSBC's faces a second grilling by British lawmakers on Monday as fallout from the bank's Swiss tax scandal continues.
03/03/2015
European Banking Regulator Postpones Next Stress Tests to 2016
The European Banking Authority, the banking regulator of the European Union, said on Tuesday that it would conduct its next Europe-wide stress test in 2016