05/14/2012
IAS 19: The five areas of impact for DB risk management
The consultancy has outlined five areas of impact for DB pension risk management for plan sponsors to consider as they prepare for adoption of IAS 19 rev 2011 over the next year.
Legal, Regulation & Compliance
05/11/2012
Ex-UBS Trader Sues After Firing for Mispricing Securities
A former UBS trader, who was fired after the bank found he worked with a colleague to manipulate trading figures, sued for unfair dismissal in London.
05/11/2012
FSA fines Scottish broker £335k for fraud
He been banned from carrying out any regulated financial services activity in the future.
05/10/2012
Swiss, Italian leaders to discuss crackdown on tax cheats
Switzerland is trying to shed its image as a haven for tax cheats and has already struck deals with Germany, Britain and more than a dozen other countries to return a share of foreign money hidden in Swiss banks.
05/10/2012
Wealthy Austrians Start Repatriating Swiss Funds, WiBlatt Says
Wealthy Austrians are starting to repatriate assets they had deposited in Switzerland after a tax deal that forgives past tax evasion against a one-time payment, the head of Austria’s Capital Bank AG was quoted as saying.
05/10/2012
FSA fines Martin Currie £3.5m over client conflict
This is the largest fine ever imposed by the FSA in a conflict of interest case.
05/10/2012
FSA publishes Recovery and Resolution Plan update
The Financial Services Authority (FSA) has published a feedback statement setting out the approach being taken by the FSA to ensure firms develop appropriate recovery plans and resolution packs.
05/09/2012
Verdict Due In Dresdner Kleinwort Bonus Case
Justice Robert Owen is expected Wednesday to make public his decision, according to sources, ending more than two years of legal wrangling.
05/09/2012
LawInContext launches Global Anti-Corruption / Anti-Bribery e-learning training courses
The global e-learning program includes industry focused content for the financial services industry sector and is fully customizable for a particular institution.
05/09/2012
Payne Hicks Beach boosts private client team
He brings with him a knowledge of tax, trust and estate planning for wealthy individuals, as well as their advisers and trustees, both domestically and internationally.
05/09/2012
Ex-Dresdner Kleinwort bankers win bonus battle
The failure of Dresdner Kleinwort to pay bonus deals as stated in December “was wrongful and in breach of express and implied terms”, the claimants had argued.
05/08/2012
Stolen HSBC data allowed by Paris court in tax probe
Arlette Ricci disputed the validity of using the data, stolen by a former HSBC employee and seized from his home in 2009, in pursuing her for allegedly hiding wealth in HSBC accounts in Switzerland to evade taxes, AFP said, citing Jean- Marc Fedida, her l
05/08/2012
FSA fines insurer £3.3m for corporate governance failings
Overall MSIEu had significant failings in corporate governance and control arrangements which resulted in it being poorly organised and managed across its business as a whole.
05/08/2012
Insider dealer ordered to pay £570,000 in confiscation
If for any reason the sum of £572,283.21 is not paid within 28 days, Sidhu will be liable to serve an extra 5 years in prison.
05/07/2012
Banks on brink of swaps 'mis-selling' investigation
British banks are facing the prospect of a major investigation by the Financial Services Authority into alleged mis-selling of billions of pounds of complex interest rate hedging products to small businesses.
05/04/2012
Iceland’s former prime minister acquitted over role in financial crisis
On three out of the four charges against him, Haarde was found not guilty.
05/04/2012
Scottish law firm set to make private client redundancies
Following a strategic review four support staff and two lawyers in the private client team are at risk of losing their jobs.
05/03/2012
Greek bank sues Reuters over investigative report
Piraeus Bank in Athens has sued both the news agency, a unit of Thomson Reuters Corp, and the article's author, reporter Stephen Grey.
05/03/2012
Dewey partner leaves for KPMG
KPMG has recruited the senior London tax partner of international law firm Dewey & LeBoeuf to head its European practice.
05/03/2012
Minter Ellison takes second partner from Mayer Brown in London
He qualified in the England and Australia, Marley has broad experience in finance transactions ranging from leveraged finance and restructuring to private equity investment and project finance.