02/11/2013
FSA secures High Court win against illegal land bank
The FSA said Banner-Eve and Cohen sold plots of land across the UK through companies
Legal, Regulation & Compliance
02/11/2013
UK fines UBS $15 million for failings in AIG fund sale
These failures led to UBS customers being exposed to an unacceptable risk of an unsuitable sale of the Fund. UBS also failed to deal properly with complaints from customers about sales of the Fund.
02/10/2013
Barclays closes controversial tax avoidance unit
The new chief executive of Barclays is to close the bank's controversial tax avoidance unit
02/10/2013
LSE deputy chairman Paolo Scaroni dragged into bribery scandal
The London Stock Exchange has been dragged into a bribery scandal in Italy
02/10/2013
Libor scandal: 'This goes much, much higher than me,' says trader Tom Hayes at centre of probe
Tom Hayes, the trader at the centre of the Libor-rigging scandal, has warned that the conspiracy to manipulate key global borrowing rates could implicate senior bank executives.
02/10/2013
Interdealer Brokers Emerge as Key Enablers in Libor Scandal
In some cases, the middlemen took bribes as payment for the services in the form of so-called wash trades, regulators said, without identifying the firms that did.
02/10/2013
DFSA Signs Agreement With European Securities and Markets Authority
The signing took place during a meeting between Mr Ian Johnston, Chief Executive of the DFSA, and Dr Steven Maijoor, Chairman of ESMA. ESMA's Executive Director, Ms Verena Ross, was also present.
02/10/2013
White & Case and Speechly advise on Handelsbanken-Heartwood deal
White & Case is acting for Handelsbanken
02/10/2013
Ex-Honister IFA pleads guilty to tax evasion
HMRC argued Douglass had evaded tax estimated at £730,000
02/07/2013
Linklaters clinches top role as Moscow Exchange gears up for IPO
Linklaters is advising the Moscow Exchange on the deal, with a team led by London-based capital markets partner Jason Manketo
02/07/2013
ABN AMRO and Arjav Diamonds reach agreement
The parties have agreed to abandon all proceedings and discontinue all measures
02/06/2013
RBS Trader Helped UBS’s Hayes With Libor Bribes, Regulators Say
A Royal Bank of Scotland Group Plc trader colluded with a counterpart at UBS AG to pay almost 211,000 pounds ($330,000) in bribes to brokers willing to help them manipulate global interest rates, regulators said.
02/05/2013
IVSC launches project to bring consistency to valuation of liabilities
Miscalculating the value of an organisation’s liabilities can be just as detrimental as incorrect asset values yet most valuation standards and theory only focus on the latter.
02/05/2013
IBAN: Is the SEPA End Date an Obstacle or an Opportunity?
The SEPA end date is fast approaching. Set for February, 2014, the date is the deadline by which domestic payment instruments within the SEPA area must be migrated to SEPA-compliant standards.
02/05/2013
Italy Joins Global Tax Evasion Crackdown
The Italian government has announced a major drive to clampdown on taxpayers who hide their assets offshore
02/05/2013
German Bank Proposal Advances
The German government is attacking bankers' irresponsibility
02/05/2013
CFTC Orders The Royal Bank of Scotland plc and RBS Securities Japan Limited to Pay $325 Million Penalty
With this Order, the CFTC has now imposed penalties of more than $1.2 billion on banks for manipulative conduct with respect to LIBOR and other benchmark interest rates
02/05/2013
Final FATCA Regulations Released - Withers
The US Treasury Department has now released the long-anticipated final FATCA regulations, which build upon the foundation of the proposed regulations but contain some significant additions and modifications.
02/04/2013
Darrois Villey trio joins French boutique trend
Villey said the trio had been considering the move for some time
02/04/2013
Iceland Indicts Ex-Glitnir Bank Boss for Tax Evasion
He failed to declare capital-gains income, interest income and the proceeds of dividends, or 199 million kronur ($1.6 million) for the 2006 to 2008 tax years