03/09/2020
UK plans levy on banks and others to help tackle money laundering
The levy is likely to come into force in 2022/23 and the Treasury will consult in the Spring about which firms will be asked to contribute.
Legal, Regulation & Compliance
03/09/2020
Terry Smith suggests platforms exacerbate fund liquidity issues - reports
'Can't list fund on a platform unless it's daily dealing'
03/09/2020
Clients of failed DFM step closer to seeing funds returned
The Financial Conduct Authority found some of the broker's 19,000 clients had paid fees and charges as high as 20 per cent of their total investment.
03/09/2020
Kate Kirk named Woman of the Year - Business Services
Kate joined Ogier in 2015 to lead on the firm's award-winning rebrand, and has since also seen Ogier win awards for its website and social media marketing.
03/08/2020
French billionaire owner of Moet and Louis Vuitton goes cold on bid for The Ritz
Sir Frederick’s three nephews Aidan, Howard and Alistair – who own the remaining 75 per cent – hope to seal a deal for between £700million and £800million by the summer.
03/06/2020
Peter Hargreaves avoids £94m hit from ‘serendipitous’ HL sale
Billionaire HL co-founder ditched 35 million shares in D2C firm weeks before coronavirus wiped $5trn off global markets
03/06/2020
Crooked Banker Tapped Professionals to Manage Web of Dirty Money
The company was cratering and its creditors, including a Swiss bank, were circling.
03/06/2020
The grand unifying theory (and practice) of macroprudential policy - speech by Mark Carney
Speech given by Mark Carney Governor of the Bank of England
03/06/2020
Expats again warned about investment scams as mis-selling rates soar
Two years ago, the scandal was valued at an incredible £10 billion, with most attributed to mis-sold, poorly invested pensions pushed by unscrupulous, unethical financial advisors lurking in favourite expat destinations as well as the home country.
03/06/2020
Barclays, Merrill Resurface in Third German Tax Indictment
The transactions took advantage of how Germany taxed dividends, abusing the system to claim multiple refunds on a tax paid only once, according to investigators.
03/06/2020
Malta tax advisors named in Spanish money laundering probe
They were carried out by “two players’ agents linked to one of the representation agencies with the highest turnover in Europe” – the Spanish ministry for the interior said.
03/06/2020
Swiss private bank invests in circular economy fund
Decalia Circular Economy is the first (medium- to large-cap) equity fund exclusively dedicated to this area.
03/05/2020
Aviva Investors strikes distribution deal for Iberia, Brazil, Uruguay
Charlie Jewkes, head of Global Financial Institutions at Aviva Investors, will work with CSP in Brazil and Uruguay, while Paolo Sarno, head of Southern Europe at Aviva Investors, will work with CSP on distribution in Spain and Portugal.
03/05/2020
Inflation and beliefs about inflation - speech by Ben Broadbent
Given at the London Business School
03/05/2020
Letter from David Bailey, Anna Sweeney, Charlotte Gerken, and Sarah Breeden ‘PRA rules on board diversity’
Letter to Solvency II insurers, large non-Directive firms and CRR firms
03/05/2020
Hansard reports half-yearly fall in profits yet revenues rise
Overall, our focus for 2020 remains on our two key strategic projects – launching our new investment product in Japan and replacing our policy administration system.
03/05/2020
Watchdog may investigate banking competition fund
The scheme has attracted criticism after Metro Bank handed back £50m and Nationwide said its business account plan is delayed
03/05/2020
Culture is at the centre of 2020’s regulatory challenges
Here are the specific priorities we predict you’ll see this year, and how – all over the compliance landscape – culture will underline many of the changes firms will need to make to meet regulatory requirements.
03/05/2020
UniCredit’s Croatian Unit Probed for Suspicious Transactions
Bank said to be cooperating in Croatian central bank’s probe
03/05/2020
Italian princess loses court case in Curaçao
For years BNP has been conducting legal proceedings against the wealthy Italian Crociani family.