02/19/2013
Sound remuneration policies on the AIFMD - Final guidelines released - Withers
The Guidelines follow ESMA’s consultation on the draft remuneration guidelines which closed in September 2012.
Legal, Regulation & Compliance
02/18/2013
Tax Dodgers 'Should Be Named And Shamed
Avoidance schemes are "running rings" around HMRC and those who use them should be made public, according to MPs.
02/18/2013
FSA launch adviser charging review
FSA has launched a thematic review into the disclosure and delivery of adviser charging in the post-RDR regulatory landscape
02/18/2013
Court gives high sentences for tax evasion in metal trading
The fraud was based on the existence of a "lost retailer" among the firms
02/18/2013
Lloyds fined £4.3 million
LBG failed to establish an adequate process for preparing redress payments to send to PPI complainants.
02/17/2013
EuroFinUse proposes new measures to ensure MiFID II capital market structures do not discriminate individual investors further
There is evidence that transaction costs did not significantly come down for individual investors
02/17/2013
G20 ‘determined’ to address tax evasion by multinational companies
“We are determined to develop measures to address base erosion and profit shifting.”
02/17/2013
FSA Faces Legal Action over Mis-Selling Derivatives Review
The Manches-led group action has three months from the date the findings from the Pilot Scheme were announced to file the lawsuit.
02/17/2013
IT Monkey Takes On Greek Tax Evasion
“We must organize services better and cut routine procedures.”
02/17/2013
France Unveils National Plan To Fight Tax Evasion
The French Government intends to ensure more effective implementation of bilateral tax agreements
02/14/2013
EC unveils plans for 'Tobin Tax' in eleven nations
British business groups have warned that jobs and growth could be jeopardised by the controversial financial transactions tax officially unveiled by the European Commission.
02/14/2013
ESMA’s first risk report on EU securities markets claims calm and better investment conditions prevail
The report says investment conditions in the EU improved in 2012
02/14/2013
Dutch Bakers spin-off adds Luxembourg office and Turkey capability
Schuurmann joins Van Campen Liem as a partner and will work alongside Amsterdam partners Marc van Campen and Marcello Distaso
02/14/2013
Walker Morris builds regulatory team with Lloyds competition expert
Feaster-Gee has developed expertise in EU and UK competition law over two decades
02/14/2013
LG returns to Lawrence Graham in branding revamp
Despite the firm changing its branding and literature overnight, it continued to trade as Lawrence Graham LLP
02/14/2013
Wealthy French eye Belgian tax perks
“We’ve got loads of people coming every day asking us questions about setting up foundations,”
02/13/2013
Offshore asset disclosure comes to Spain’s wealthy expats
From the start of this year, the Spanish authorities will be expecting these expats to reveal all.
02/13/2013
SocGen Cooperating With Authorites on Libor, Chief Says
Societe Generale SA, which is investigating its contributions to interbank rate panels including the London Interbank Offered Rate, continues to work with authorities on the issue, Chief Executive Officer Frederic Oudea said.
02/12/2013
The Central Bank of Ireland Publishes Updated AIF Handbook
The AIF handbook also incorporates many of the changes requested by industry during the initial consultation process.
02/12/2013
OECD urges stronger international co-operation on corporate tax
Global solutions are needed to ensure that tax systems do not unduly favour multinational enterprises, leaving citizens and small businesses with bigger tax bills.