11/10/2014
Bulgaria’s Central Bank Revokes License of Troubled Lender K.T.B.
Bulgaria’s central bank on Thursday revoked the license of one of the country’s biggest lenders and moved to open bankruptcy proceedings.
Legal, Regulation & Compliance
11/10/2014
World’s Largest Banks to Be Forced to Hold Big Capital Cushions
Financial Stability Board’s Plan Aims to Shield Taxpayers From Bailouts
11/10/2014
International law firm bolsters tax team with appointment of new London tax head
She joins the firm from Berwin Leighton Paisner where she has been a tax partner for over sixteen years.
11/10/2014
HSF elects former corporate head Palmer as senior partner
James is one of the UK's most highly regarded corporate lawyers
11/10/2014
Single family offices and the AIFMD - should you be bothered?
Despite the exemption for single-family offices, the AIFMD may still have unexpected specific consequences for single family businesses, or, at least, for family single offices managing the wealth generated by large single family businesses.
11/10/2014
Fund managers advised to improve KYC on Russian clients
However, these sanctions also extend to high-net-worth individuals (HNWIs) which invest in traditional and alternative fund vehicles.
11/10/2014
Did This Manhattan Firm Help Shield a Russian Bank From Sanctions?
A Manhattan PR firm run by a former journalist was hired to help burnish the image of a $10 billion Russian investment fund, an arm of a state-owned bank targeted by sanctions over the invasion of Crimea.
11/07/2014
Jersey Private Trust Companies
Private trust companies have been widely used in international structured finance transactions and are now used increasingly by high net-worth private clients.
11/07/2014
Watchdog cuts extra capital requirements for UBS, C.Agricole
Switzerland's UBS and France's Credit Agricole have been deemed by regulators as less important to the global financial system than a year ago and will not have to hold as much extra capital as previously forecast.
11/07/2014
O’Connors and Mazars back Families in Business North West launch
National network, consultancy and membership organisation Families in Business (FiB) is launching its new North West division with the support of the region’s leading professional services firms and professionals.
11/07/2014
HSBC, Barclays and other UK banks face break-up threat as competition probe launched
Britain's big banks could be broken up after the country's competition watchdog launched an in-depth investigation into services for small business customers and personal accounts because of a lack of competition.
11/07/2014
Ex-Moore Capital Trader Pleads Guilty to Insider Dealing
Julian Rifat, a former trader at Moore Capital Management LLC who was once named in a list of “Institutional Investors That Matter,” pleaded guilty to insider dealing at a London court today.
11/06/2014
Stewarts appoints PwC lawyer as first tax litigation chief
Litigation boutique Stewarts Law has appointed partner David Pickstone from PricewaterhouseCoopers Legal Legal to head its new tax litigation group.
11/06/2014
Major banks face competition probe
A full-blown competition investigation is to take place into the dominance the major banks have over personal and business accounts
11/06/2014
Breaking the link: Experts warn of compliance risks over dual indy/restricted advice model
Advisers frustrated with the constraints of their network’s restricted model are considering becoming dual authorised in order to offer both independent and restricted advice.
11/05/2014
Ulster Bank to be hit with fine of up to €5m for account glitches
Ulster Bank may be hit with a Central Bank fine of up to €5m for the IT failure that left customers unable to access their bank accounts for weeks on end in the summer of 2012.
11/05/2014
EBA opinion on CRD IV use of special allowances by Withers
The European Banking Authority (EBA) has published an opinion on the application of the Capital Requirements Directive IV (CRD IV), the principles of remuneration policies of credit institutions and investment firms and the use of special allowances.
11/05/2014
Market abuse surveillance: A reminder for prop and client traders
Patrick Spens, head of market monitoring, at the FCA recently spoke about the FCA’s market surveillance tools and expectations, which serves as a reminder to firms to ensure that they have adequate systems and controls to detect market abuse and sus
11/05/2014
FCA on restriction of retail distribution of CoCos and mutual funds
The FCA’s decision is driven by the fact it says; that most investors are unaware of the risks associated with share instruments issued by mutual societies.
11/05/2014
New funds supervision team
In a speech given by William Amos, director of wholesale banking and investment management, the FCA has announced, that it is creating a fund authorisation and supervision team.