03/17/2013
Ex-chief of Fraud Office apologises over £1m severance payments
Richard Alderman wrote to the public accounts committee last week to say sorry
Legal, Regulation & Compliance
03/17/2013
EIOPA and the World Bank sign agreement to develop global insurance sector
Organizations will cooperate on promoting worldwide risk based supervision and fostering consumer protection
03/14/2013
Italian Police Seizes Bulgari's Assets in Tax-evasion Probe
Among the seized assets there were several properties including one in Rome's renowned shopping street Via dei Condotti.
03/14/2013
Gibson Dunn's UK revenue falls despite global growth
Last year the firm represented UBS in realtion to the global regulatory and antitrust investigations connected with the Libor scandal.
03/14/2013
Clifford Chance seals hire of Norton Rose's Diamond lawyer
He led the Norton Rose team acting for Diamond amid allegations last year that Barclays had manipulated Libor.
03/14/2013
Baker Tilly merges offices
Baker Tilly has 26 offices throughout the UK.
03/14/2013
Norton Rose makes litigation and dispute resolution partner hire in Paris
He specialises in litigation and corporate compliance and joins Norton Rose's growing litigation and dispute resolution team from the Paris office of Clifford Chance.
03/13/2013
Spanish Efforts To Combat Tax Fraud Bear Fruit In 2012
According to the Government, revenue from fraud control activity alone increased by 16.9% last year
03/13/2013
FSA signals tougher stance with £100m record February fines
This year will see significant change to the financial services regulatory architecture within the UK
03/13/2013
Taxman set for more time to hunt dodgers
Recent cases have seen HMRC battle cases successfully through the courts
03/12/2013
FSA to ban platform legacy rebate deals from 2016
The new rules will be revealed officially in the near future, most likely in the upcoming platform paper.
03/12/2013
FSA cancels Herefordshire IFA over fee failure
Failure to pay approximately £2,700 in fees and levies to the regulator leads to the scrapping of permissions.
03/11/2013
Mishcon branches out into competition law with double partner hire
The new competition practice would fit snugly with and complement Mishcon’s existing business advising clients on investigations and fraud work.
03/11/2013
Ex-Dewey partner sues Barclays over capital loan
He claims the agreement included a clause entitling Barclays to demand repayment of the loan, including interest, if the firm’s indebtedness exceeded $250,000.
03/11/2013
Firms on tenterhooks over Lloyds panel revamp
The large banks’ panel reviews usually take at least three or four months to complete from the point at which procurement teams send out documents.
03/11/2013
HSH Nordbank Settles 2008 CDO Suit in N.Y. Against UBS
The two sides have reached a settlement
03/11/2013
FSA secures four year sentence for insider dealer
Joseph’s trading resulted in a net profit of £591,117 on trading between September 2007 and July 2008.
03/10/2013
DLA appoints new UK head
DLA Piper has named IP partner Mark O’Conor as UK managing partner after incumbent Andrew Darwin relocated to Australia to help integrate the Asia business with the rest of the firm.
03/07/2013
FSA bans Cru IM co-founder for lack of integrity
“This case graphically illustrates the consequences of failing to engage with the responsibility of being an approved person.”
03/07/2013
IFA firm director banned from working in regulated financial services
"He both failed to understand or act upon either his personal duty to his customers or his obligations as principal to a number of Appointed Representatives."