12/08/2014
ICAP fraud trio plead not guilty
They are expected to stand trial alongside former RPMartin brokers Terry Farr and James Gilmour, who pleaded not guilty last December.
Legal, Regulation & Compliance
12/08/2014
Former IMF Chief Rodrigo Rato Denies Bank Misrepresented Accounts Before Listing
The allegations came in a Bank of Spain report submitted to a court investigating the public listing of Bankia, many of whose customers lost their savings.
12/08/2014
Another Whistleblower Offers to Help Government With Black Money Probe
She said her job was to get them "things money can't buy
12/08/2014
City’s status as stolen-money haven a stain on UK, says ex-regulator MP
Tory Stephen Barclay says government’s expected anti-corruption plan does not address flaws in financial system
12/08/2014
Global regulators need to standardise tax reporting mechanisms
This comes as a number of countries and global regulatory bodies introduce their own tax reporting standards in response to the Foreign Account Tax Compliance Act (FATCA).
12/08/2014
NCI: Crippling regulation costs are holding back new boutique launches
New UK firms are required to have an increasing amount capital in place right from the start
12/08/2014
City directors convicted in £23m investment fraud
Three men have been convicted of fraud as part of the Serious Fraud Office's (SFO) investigation into a £23m 'green' energy investment
12/08/2014
Bafin exonerates Deutsche Bank's Jain in Libor probe: Handelsblatt
Investigations into the possible abuse of reference rates such as the London interbank offered rate (Libor) or foreign exchange fixings have dogged banks since a post-financial crisis regulatory backlash against the sector.
12/08/2014
Bank of Scotland accused of fraud by Attorney General John Larkin QC
Northern Ireland's Attorney General has accused Bank of Scotland of "criminal fraud".
12/05/2014
Bank of Spain Says Bankia’s IPO Filing Didn’t Reflect True State
Bankia group’s financial statements included in the prospectus for the bank’s initial public offering in 2011 didn’t give a “faithful image” of the lender
12/05/2014
Barclays Hid Traders’ Role After Questions: Schneiderman
Barclays Plc asked that a federal judge in New York handle claims it hid the role of high-frequency traders in its dark pool, saying the evidence in the case is “incredibly complex” and includes millions of trading records.
12/05/2014
Iceland Says Proposals for Exiting Capital Controls Complete
The Finance Ministry presented an accord yesterday that will enable the full settlement of priority claims against the nation’s lenders.
12/05/2014
Mishcon de Reya's Charlotte Harris to join Kingsley Napley
Kingsley Napley LLP is delighted to announce that Charlotte Harris will be joining its dispute resolution team in January 2015.
12/05/2014
Co-op Bank suspends vote on boss’s bonus plan after stress test warning
The Co-operative Bank has postponed a vote on a new bonus plan for its chief executive, Niall Booker, just days after he warned the bank was likely to fail the Bank of England’s assessment of its financial strength.
12/04/2014
Will the EU have the last laugh on advice charges?
European regulation could have the last word on how advisers present their charges to clients
12/04/2014
Changing the Maltese pensions landscape
On Wednesday November 12, Prof Edward Scicluna launched the Third Pillar Pension scheme, encouraging low income earners to start saving for their retirement.
12/04/2014
Guernsey’s funds offering to be given technical analysis
A technical showcase of Guernsey's funds offering and how the Island is positioning itself amid the latest regulatory pressures will be the focus of a funds masterclass in London at the start of next year, hosted by Guernsey Finance and the Guernsey
12/04/2014
Standard Chartered Bank kicks off panel review
The current review is understood to be following a similar timeline, with a new roster expected to be in place in early 2015.
12/04/2014
Corruption on rise in Turkey, China: Transparency Int'l
Corruption is feared to be worsening in China, Turkey and other fast-growing economies, an anti-graft watchdog warned Wednesday, also urging the world's banking centres to help combat sleaze and money-laundering.
12/03/2014
Advisers back RDR but argue advice gap is growing - research
More than half of advisers believe the Retail Distribution Review (RDR) has benefited the profession with transparency ranked the most positive effect, according to Schroders research.