02/02/2015
M&G and UBS named and shamed by industry watchdog
Each firm was ranked out of a possible 143 points for complying with best industry practice and the survey found a vast gulf between the leaders and laggard in the industry.
Legal, Regulation & Compliance
02/02/2015
A win for UBS in job cuts case
Burton said in the ruling that he wasn’t satisfied that the cuts hindered UBS’s ability to market Decura’s products.
02/02/2015
Industry praises Guernsey for meeting regulatory demands
Panellists at a Guernsey funds technical masterclass in London have praised the jurisdiction for its “progressive nature” in tackling international regulatory developments.
02/02/2015
Less than half of top asset managers disclosing responsible investment policies
Asset managers are failing to “walk the talk” on stewardship and responsible investment
02/02/2015
Bank manager unwittingly gave £830,000 to conman because he wanted to go eat his fish'n'chips
Umar Mughal failed to carry out the proper checks when he approved the transfer of the funds, as he was 'distracted by his rumbling tummy'
02/01/2015
FCA investigates Deutsche Bank
Reporting and monitoring systems are at the centre of the regulator's concerns, the paper added.
02/01/2015
UBS Wins Lawsuit Filed by Gupta’s Decura Over Hedge-Fund Venture
UBS Group AG won a London lawsuit filed by an asset management firm that said that investment banking cuts at the Swiss lender undermined a joint venture.
02/01/2015
London's stockbrokers resist mergers despite 'perfect storm' of threats
Some corporate brokers are at breaking point while others have found their niches after the financial crisis
01/30/2015
The former management of one of Europe’s biggest private banks has been found guilty of criminal breaches of trust
Three of the four men were told they could face prison sentences after being found guilty by Sabine Grobecker, presiding judge at Cologne regional court.
01/30/2015
Leeds United: Sport Capital sues GFH for £33m over failed Leeds takeover bid
The Sport Capital group - a consortium featuring ex-Leeds managing director David Haigh and Andrew Flowers, MD of United shirt sponsor Enterprise Insurance - spent almost three months attempting to push the buy-out through but saw the deal fall apart in J
01/30/2015
A Wake Up Call For Fiduciaries: Important Lessons From Nolan and Minerva - Collas-Crill
The Nolan v Minerva case served as a sharp wake up call to professional service providers who may find themselves liable by failing to act independently or question a client's motives.
01/30/2015
Liechtenstein declines to cooperate in ex-Catalan premier’s tax fraud case
Principality judge says no proof exists that money in Pujol’s alleged accounts is illegal
01/30/2015
British Regulators Assessing Loan Insurance Compensation Efforts
British regulators said on Friday that they have begun a review of the efforts that banks have taken to compensate consumers who were improperly sold a contentious insurance product costing the industry billions of dollars in claims.
01/30/2015
Targeting Amsterdam: Baker & McKenzie bulks up with Linklaters partner and Houthoff Buruma team
Baker & McKenzie has ramped up its corporate offering in Amsterdam with the hire of seven lawyers including Linklaters' corporate partner Henk Arnold Sijnja and a large team from local firm Houthoff Buruma.
01/29/2015
Banking UK banks performance pay before guidelines
UK banks may change the way they reward staff for performance this year without waiting for regulators to issue updated guidelines on pay.
01/28/2015
Reconciling Regulatory Requirements in Cross-Border Derivatives Takes Center Stage
Both sets of regulations seek to fulfill the Group of 20 (G-20) derivatives reform agenda, announced at the 2009 Pittsburgh Summit, which includes regulating dealers, clearing and trading (including trade reporting), mitigating systemic risk and protectin
01/28/2015
C-Suite Sees Market Abuse as Key Target for Regulators in 2015
Market abuse is expected to be one of the primary focuses of regulators in the coming year
01/28/2015
Catalan ex-premier tells court that secret fortune came from his father
Jordi Pujol testifies before judge investigating money he kept hidden in Andorra
01/28/2015
‘Absurd’ Mifid II bombshell could hit investment trust demand
The news that under MiFID II, the European Securities and Markets Authority intends to bring in additional requirements for the distribution of closed-end funds to retail investors, has been met with anger.
01/27/2015
UK bank holds on to Africa future
The African continent remained part of Standard Chartered’s consumer banking plans even as the lender reviewed its global branch network, the British bank that has operated in Africa for more than 150 years said yesterday.