11/25/2012
FPL Recommendations mark milestone for development of European Consolidated Tape
FPL releases recommended standards to enhance post-trade transparency for European equity markets
Legal, Regulation & Compliance
11/25/2012
Macfarlanes rehires top-rated private client partner from Speechlys
He will rejoin the firm in the first half of 2013, bringing the total number of private client partners at Macfarlanes up to 13.
11/22/2012
UBS reportedly nears £50m settlement following Kweku Adoboli fraud
UBS is reportedly nearing a settlement with regulators that could land it with a fine of up to £50m for failures that led to a $2.3bn (£1.4bn) rogue trading loss.
11/22/2012
BNP Paribas Warns Investment Trust Boards of Changing Role Under AIFMD
BNP Paribas is urging Investment Trust Boards to begin working through the challenges the rules present or risk a duplication of effort, needless complexity and possible breaches of fiduciary duty.
11/22/2012
Turcan Connell heads west with new Glasgow office
The office will be staffed by existing Turcan Connell lawyers and planners.
11/22/2012
BDO Sees Global Revenue Grow in 2012
At year end 2012, BDO provides services in 138 countries and there has been a significant rise in the number of partners and staff working in BDO
11/22/2012
Germany rejects landmark Swiss tax deal
The SBA takes note of this decision with regret
11/21/2012
Goodwin Procter boosts London team
"Ben's arrival is the latest piece of our London build, supporting our strategic plan and adding to our existing capability in funds, real estate and financial services regulatory work,"
11/21/2012
George Osborne is warned that mansion tax will punish hard-working Londoners
“Additional local property taxes would hit ordinary families and pensioners. "
11/21/2012
Tax avoidance schemes 'costs UK billions in lost revenue'
The National Audit Office said HMRC was dealing with a backlog of 41,000 cases
11/21/2012
Deutsche Bank’s Jain Declines Bundestag Libor Hearing
The Bundestag’s finance committee, which listed Jain as a witness in a Nov. 12 statement on its website, will hear representatives of banks and regulators on Nov. 28.
11/21/2012
UBS faces record fine following Kweku Adoboli fraud
UBS is braced for a record multi-million pound fine for failures in its systems and controls that allowed former employee Kweku Adoboli to conduct Britain’s biggest bank fraud.
11/21/2012
Taxation of high value residential real estate – Help! What can we do now?
Consultation on the paper ‘Ensuring the fair taxation of residential property transactions’ has now closed and draft legislation is expected ‘on or before’ 11 December 2012.
11/21/2012
NTMA Alleges State Street Defrauded Irish Taxpayers Through Transition Management Services
The National Treasury Management Agency today accused State Street of defrauding Irish taxpayers of €3.2 million
11/20/2012
Bankers' Body Urged To Merge After Libor Loss
Britain's banking lobby group is under pressure to consider a merger with another trade body
11/20/2012
International law firm grows UK tax team
Withers boosts its transactional tax offering
11/20/2012
76% of advisers will charge as percentage of assets - RESEARCH
Charging a percentage of assets is preferred charging model (76%), followed by fixed fee basis (49%)
11/19/2012
HSBC Geneva acts: I-T department approaches Swiss authorities
The I-T department has initiated the step in order to build water tight case
11/19/2012
UBS ex-managing director charged in French tax probe
The others charged include the former head of a UBS office in the northern city of Lille
11/19/2012
IMA urges HMRC to consult further on Fatca reporting duties
‘It would be helpful if UK regulations and guidance could limit responsibility for the actions of third party service providers to those directly contracted by the UKFI.’