11/17/2014
FCA told to get tougher over hidden investment fees
Consumer panel says investors are still in the dark about the full cost of funds
Legal, Regulation & Compliance
11/17/2014
Jeremy Hoyland Elected as Managing Partner for Second Term
International law firm Simmons & Simmons today announced that Jeremy Hoyland has been re-elected as the firm’s Managing Partner.
11/17/2014
Meeting of the Crown Dependency Regulators
The Boards of the financial services regulators in Guernsey, Isle of Man and Jersey met on 5 November 2014.
11/17/2014
Worldwide: (More) Business As Usual
When it comes to new regulations, Guernsey is offering optionality to overcome 'fortress Europe', according to Fiona Le Poidevin, Chief Executive of Guernsey Finance.
11/17/2014
Momentum building for fund charges reform
Groups should absorb running costs themselves and charge one fee
11/17/2014
Consumer Panel calls for higher all-in fund charges
Panel calls on fund groups to levy a single charge and stop taking additional investment expenses from funds.
11/17/2014
Trade bodies lobby ESMA over ‘absurd’ Mifid trusts label
The Wealth Management Assocation and the Association of Investment Companies are lobbying to prevent a new European directive labelling investment trusts as “complex” instruments, which they say would reduce investment into the vehicles.
11/14/2014
Stephenson Harwood brings in Wragge’s corporate head
He specialises in corporate finance, M&A, joint ventures and equity capital markets-related work and has particular experience in the energy and natural resources, and insurance sectors.
11/14/2014
The banking industry's bill for bad behaviour: $300b
And that's just from expected fines.
11/14/2014
What managing partners really, really hate
High up on many a managing partner’s list is the fact that every other senior stakeholder in the business will want to have their say on how the firm is run.
11/14/2014
HSBC loses 2.7mn users’ data in Turkey cyber attack
The hack resulted in the theft of data on cards and related bank accounts, Europe’s biggest lender said in an e-mailed statement.
11/14/2014
Barclays did not join FX settlement due to NY regulator: sources
Barclays is overseen in New York by the Department of Financial Services (DFS), unlike five other banks which settled with British, U.S. and Swiss regulators.
11/14/2014
The three most common tax traps for US persons moving to the UK - Withers
This article discusses the three most common tax traps that we see on a day-to-day basis when people move to the UK without taking proper tax advice.
11/14/2014
Who's afraid of FATCA? by Withers
We are now firmly in the FATCA era and moving on to the post FATCA era.
11/14/2014
Chancellor urges Serious Fraud Office to launch 'blockbuster' case against bank traders who rigged interest rates
George Osborne will today offer a blank cheque to fraud investigators seeking to bring bankers accused of rigging currency markets to justice.
11/14/2014
King & Wood Mallesons hires Eversheds senior team to join its structured real estate offering
King & Wood Mallesons has announced the appointments of Eversheds partners William Naunton, Clive Jones and former Eversheds partner Cornelius Medvei to the firm’s leading structured real estate team.
11/13/2014
Platforms must prepare now for sunset clause – Altus
The next major challenge for platforms will be implementing the sunset clause on payments relating to legacy business with fund managers, Altus consultant Ben Hammond has warned.
11/13/2014
Linklaters, Clifford Chance among firms advising as banks face record fines following forex probe
Linklaters and Clifford Chance (CC) were among the firms to have been drafted in by some of the world's biggest banks as UK and US regulators imposed fines totalling £2.65bn over the manipulation of foreign exchange markets.
11/13/2014
Maclay Murray & Spens boosts private client and charities department,
Maclay Murray & Spens LLP has boosted its 30-strong private client and charities department, with the appointment of Alexis Graham as a partner.
11/13/2014
High Court boosts financial services employers’ efforts to protect businesses
By Kathryn Rowe, Associate, Appleby