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
Legal, Regulation & Compliance
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.
01/27/2015
Percentile wins FinTech Trailblazer award
In their third year, the Tech Trailblazer Awards are specifically designed for start-ups and are judged by a global panel of technology experts as well as the voting tech public.
01/27/2015
New Statutory Regime for the Gibraltar Financial & Professional Services Market
It will work in a way that facilitates innovation in financial and professional services and speed to market, both now and in the future, whilst at the same time strengthening it in various areas.
01/27/2015
How will full charges disclosure affect your firm?
The rules, which will come into force in January 2017 as part of MiFID II, will mean private client investment managers have to disclose all costs to their customers.
01/27/2015
European Regulators Pressure Big Banks to Increase Capital
European regulators are turning up the pressure on large banks to raise more capital
01/27/2015
Gibraltar ‘very well positioned’ for fully-flexible QROPS
Following this, in January, the Malta Financial Services Authority issued new financial regulations
01/27/2015
Russia’s SB Bank Stops Client Withdrawals
The Central Bank Will Have to Decide Whether to Bailout the Troubled Lender or Withdraw its License
01/27/2015
German watchdog sees no signs of gold, forex manipulation
Investigators at German financial watchdog Bafin have not discovered any signs of systemic efforts to manipulate currency benchmarks, rather, only individual efforts
01/26/2015
Fourth European Money Laundering Directive Published - Collas-Crill
Publicly available ultimate beneficial ownership registers appear to have been restricted to 'taxable' trusts in the EU's Fourth Money Laundering Directive.
01/25/2015
Azerbaijan’s IBA, Russian Sberbank ink memo
The International Bank of Azerbaijan is the largest bank in Azerbaijan and the region, with assets of nearly $12 billion.
01/23/2015
Former manager in legal dispute with Liontrust
Former fund manager Eoghan Flanagan is locked in a high court battle with Liontrust Investment Partners over his dismissal from the firm in 2012.
01/22/2015
UCITS V and VI – preparing for the new rules, and beyond - Farrer & Co
On 28 August 2014, Directive 2014/91/EU on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS V) was published in the Official Journal of the EU