02/06/2015
FCA to assess whether further intervention on PPI needed
The FCA is to gather evidence on current PPI complaint trends to assess whether it is meeting its objectives of securing appropriate protection for consumers
Legal, Regulation & Compliance
02/05/2015
When will UK interest rates rise?
For even the averagely engaged private investor, the swirls of markets and economic data that emerges on a daily basis, often couched in language which seems designed to befuddle the world, can cause the private investor to ponder
02/05/2015
Norway's sovereign wealth fund steps up pressure on ethics
The fund has been accused of having too large an exposure to coal by both environmental groups and some Norwegian politicians calling for the fund to revamp its portfolio..
02/04/2015
Lawmakers fail EU plans to split up large banks
Deep divisions between political groups in the European Parliament are set to sink reforms aimed at preventing banks from being “too big to fail”, a key political objective following the 2008 financial crisis.
02/04/2015
Watchdog slams crowdfunders for downplaying risks
In a survey of equity crowdfunding firms - in which investors buy unlisted shares in a fledgling firm
02/03/2015
New year, new reputation by Withers
If your New Year’s resolution was to ensure your reputation is not blighted by outdated or excessive material easily available online, now may be the time to act following recent developments with the ‘right to be forgotten’.
02/03/2015
FCA warns crowdfunders over disclosure failings
There are two types of crowd-based investments: Investment-based funding, which is the issue of shares or bonds in a company; and peer-to-peer or business lending.
02/03/2015
Cayman Finance Welcomes Cayman Islands Government Stance On Beneficial Ownership
The changes that were being insisted upon were unreasonable
02/02/2015
Hawksford employee contributes to international legal textbook
The chapter explains Jersey’s law relating to vulnerable adults and will be an important aid for worldwide practitioners representing adults, who may have a reduced mental capacity, with financial affairs in the Island.
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.
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.