02/25/2013
NASDAQ OMX Stockholm Disciplinary Committee fines ABN AMRO
The client had the intention of posting a sell order for 5,000 SKF B shares at a price of SEK 149
Legal, Regulation & Compliance
02/25/2013
Rabobank faces $440m Libor fine
The fine is expected to be between the Barclays' fine and the £392m levied on the Royal Bank of Scotland earlier this month.
02/25/2013
British Bankers' Association Approves Libor Transfer To New Operator
The absolute priority is to ensure the provision of a reliable benchmark
02/24/2013
SINNING bankers are paying a £1million donation to help fallen war heroes’
George Osborne told wounded troops yesterday of the handout from fines Barclays was hit with as punishment for crooked traders.
02/24/2013
Guidelines on certain aspects of the MiFID suitability requirements
Firms should also make sure that the client understands the notion of investment risk as well as the relationship between risk and return on investments. To this end for instance, firms should consider using indicative, comprehensible examples of the leve
02/24/2013
Norton Rose supports launch of Link - the LGBT Insurance Network
Norton Rose has been instrumental in creating Link - the Lesbian, Gay, Bisexual and Transgender Insurance Network - and is supporting its launch.
02/24/2013
Big Four chastised by Competition Commission
The Commission made clear that auditors are accountable to shareholders first and foremost
02/24/2013
Libor Fixing Scandal: Brussels Adds Swiss Franc Swaps to Probe
The European Commission has expanded its 18-month antitrust investigation to include new currency denominated financial product
02/21/2013
Libor setting 'still not clean' despite scandal
The Libor scandal emerged in June last year when UK and US authorities fined Barclays £290m for fixing the key inter-bank interest rate.
02/21/2013
How RDR has changed the fund management industry
The majority of advisers had already started charging their clients for advice rather than taking commission
02/21/2013
Withers turns to Appleby for pan-Europe investment push
At Withers he is charged with setting up a team that will act for investment fund clients across Europe as the EU’s alternative investment fund managers directive is implemented later this year.
02/21/2013
Austrian Study Cautions Against New Wealth Taxes
Insisting that new wealth taxes are "utter nonsense" from an economic point of view
02/21/2013
Tax dodgers named on HMRC list
The naming and shaming exercise is part of a crackdown that includes larger fines and tracing previous evaders
02/20/2013
CREDIT AGRICOLE - CEO : Proposed Banking Reform Would Affect 1% of Revenue
It would constrain French banks to transfer into a separately funded entity its speculative activities, and would ban certain activities such as high-frequency trading and some forms of commodities trading.
02/20/2013
Clifford Chance names new managing partner for Spain
Clifford Chance has announced corporate specialist Jaime Velázquez as managing partner of its Spanish offices
02/20/2013
KPMG partner profits down more than £100k
KPMG had earlier revealed a 13% fall in profits for the year
02/19/2013
Mansion Tax - A silly way to tax wealth
Taxing property unlikely to yield much success says one commentator.
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.
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