Legal, Regulation & Compliance

01/12/2012

Businessman jailed over £18m fraud

The pair’s sentencing was delayed after the court was told Steele had a heart condition and a pre-sentencing report had not been compiled.

01/12/2012

Osborne says banks unlikely to quit City

Appearing in front of the Treasury Select Committee to discuss the Vickers banking reforms, George Osborne questioned where banks would go given the increasing level of regulation around the world.

01/12/2012

German banking groups say they oppose Financial-transaction tax

Such a levy would mostly hurt private individuals as they couldn’t move to more favorable countries as easily as institutional investors, Andreas Schmitz, president of the BdB Association of German Banks, said at an event in Berlin today.

01/10/2012

UK watchdog cancels registration of payments firm

According to a final notice published on the FSA’s website, the failure to notify it of a change in address hindered the body from properly regulating Mr Ali’s business and thereby protect consumers.

01/10/2012

French banks threaten exile if Tobin tax imposed

French banks may be forced to move a large part of their operations abroad if France went ahead unilaterally with a proposed "Tobin" tax on financial transactions, the French Bank Federation said.

01/10/2012

CFOs fret about transparency in emerging markets: survey

Chief Financial Officers around the world are wary that a lack of transparency in fast-growing emerging markets may lead to greater investor churn, while investors say they should be updated more regularly, two surveys showed on Tuesday.

01/09/2012

Tough new laws to put greedy bankers behind bars

Growing public outrage over the severe damage caused by the banking crisis has prompted the Chancellor to prepare a new criminal offence of ‘corporate negligence’ to punish reckless financiers.

01/09/2012

MF Global UK clients pile in before KPMG meeting

KPMG told Reuters the formal applications to reclaim monies and assets from MF Global UK had been flowing in this week and by late Friday the number of claims from clients and creditors was about 4,500.