07/08/2012
Financial fraud: When gatekeepers see no evil, hear no evil and speak no evil
Media’s ‘bad apple’ theory no longer works
Legal, Regulation & Compliance
07/05/2012
CPA says Companies Amendment Bill increases Ireland’s attractiveness to US Foreign Direct Investment
The Bill has extended the exemption period given to US companies establishing operations in Ireland under which they can prepare their financial statements using US GAAP accounting standards.
07/05/2012
Crackdown launched on tax dodgers
Over £30m will be recovered from tax dodgers as HM Revenue & Customs (HMRC) launches new taskforces around the country.
07/05/2012
Alternative Investment Fund Managers Directive: EU and Offshore Perspectives
On its face, the AIFMD restricts its scope to the regulation of investment managers rather than underlying funds being managed.
07/05/2012
FSA tells IFAs: don't leave clients in dark with DFM deals
The Financial Services Authority has told advisers they must make it clear to clients who manages their investments when outsourcing to a discretionary fund manager.
07/05/2012
Goldman Sachs Faces $387 Million Lawsuit, Telegraph Says
Pensioenfonds Vervoer, which has assets of 7 billion euros, is suing the bank over the way the unit managed the pension funds.
07/04/2012
Regulator must deliver better outcomes for people says Panel
The regulator cannot make people or organisations behave better. But it can create an environment that rewards good behaviour.
07/04/2012
Britons with holiday homes in France hit with massive tax hikes as president Hollande tries to plug £8bn hole in budget
The increased levy on income from rented property and capital gains tax on sale profits could cost second-home owners thousands of pounds more a year.
07/04/2012
Rogue trader Nick Leeson urges jail for Libor fixing
Barclays was fined £290m by UK and US regulator for attempting to manipulate the rate, which is used to set the borrowing costs for millions of consumers, businesses and investors, by falsely stating how much they were paying to borrow money.
07/04/2012
Barclays traders face charges in Libor scandal
Out of about 2,000 traders, 14 were responsible for fixing the London interbank offered rate (Libor), said Mr Diamond.
07/04/2012
FSA suspends adviser on suspicion firm 'is controlled by others'
Among the activities she no longer has permission for are advising on investments and assisting in the administration and performance of a contract of insurance.
07/04/2012
'Stressed' Bank of England official stabbed self to death
A post-mortem revealed Mr Dymond died from self-inflicted stab wounds to his chest and cuts to his arms.
07/04/2012
Bakers boosts banking with Freshfields hire
He focuses on sponsor and lender leveraged finance work, restructurings of leveraged credits, and emerging markets financing transactions.
07/04/2012
Latham, Davis Polk scoop Manchester United New York listing
Latham & Watkins will be advising Manchester United on its initial public offering in the United States with Davis Polk & Wardwell acting for US underwriters.
07/03/2012
UK considers criminal sanctions for bank management misconduct
In its proposals for new sanctions for directors of failed banks, the government also proposed banning directors of failed banks from serving as senior executives at other banks in future unless they can prove they are fit for office.
07/03/2012
Nicolas Sarkozy and Carla Bruni's house raided by police
Magistrates are investigating claims that house staff of Liliane Bettencourt, heiress to the L'Oréal cosmetics empire and France's richest woman, handed over brown envelopes stuffed with cash to Mr Sarkozy and his aides to finance his suc
07/02/2012
Raft of firms win roles as mis-selling crisis hits Barclays, HSBC, Lloyds and RBS
City firms Bracewell Law and Lexlaw are representing dozens of businesses that claim to have been mis-sold products in the latest British banking scandal.
07/02/2012
National IFA predicts FSA ‘leniency’ over independence
She highlighted that advisers will not have a choice about the move to adviser charging from fees, as this will be dictated by providers and it will simply be a case of “switching” over the Christmas period.
07/02/2012
Morton Fraser promotes six solicitors
Private client lawyer Carryl Christie
07/02/2012
Wealthy French consider Swiss tax exile
The new French Socialist government has promised to reinstate the country’s old wealth tax rate and increase income tax, enough to make wealthy taxpayers think seriously about leaving for greener Swiss pastures.