11/20/2019
Man accused of £13m 'Ponzi scheme' fraud
Mr Greig is charged with forming the allegedly fraudulent scheme at business addresses in Aberdeen
Legal, Regulation & Compliance
11/20/2019
FCA publishes damning report on gender diversity
There is an increasingly broad-based consensus about the need for gender diversity in financial services globally.
11/19/2019
The Launch of the Legal Statement on the Status of Cryptoassets and Smart Contracts by Sir Geoffrey Vos, Chancellor of the High Court
There is an endless spectrum of types of cryptoasset and cryptocurrencies, many of which already are or certainly will be designed for use as wholesale and retail payment mechanisms.
11/19/2019
Barclays’ Jenkins Told SFO Qatar Fees Justified by Opportunities
All three men have pleaded not guilty.
11/19/2019
German government would rather save the coalition than the climate, says activist
German climate activist Luisa Neubauer says politicians are hampering urgent climate action measures. She spoke to DW about the growing Fridays for Future movement and why older generations need to step up.
11/19/2019
RDR: Investors struggle with switch to clean share classes
Legacy retail share classes and clean shares’ ongoing charge figures (OCFs) have also seen a downward trend over the last six years.
11/19/2019
Isle of Man M&A Activity Up 64%
There were 24 deals involving Isle of Man companies in the first half of 2019, worth a cumulative USD560 million.
11/19/2019
The UK FCA finds three asset management firms in violation of competition laws
The FCA’s decision also highlights what an asset manager should not do when he finds himself on the receiving end of “strategic information” from a competitor
11/19/2019
Softbank in talks to take over KPMG’s private members’ club
The Big Four audit firm is now planning to write to all of the club’s 6,000 members to tell them their membership will end on 1 March, the FT reported.
11/19/2019
FCA bans and fines ex-CEO after he took steps to reduce his tax liability
Up until 2010, Forsyth was paid between £5,000 and £10,000 per annum, which was not considered unreasonable for the work she was undertaking.
11/19/2019
Singularis v Daiwa: first Supreme Court case to uphold a claim for breach of the Quincecare duty of care
The Court of Appeal also noted in that case that, due to the sheer volume of payments made by banks every day, it would only be “in rare circumstances” that a banker would breach its duty.
11/19/2019
Guernsey Deal Value Up in First Half of 2019 Over Previous Six Months
Offshore region as a whole records busiest first half for M&A over past five years, Appleby reports
11/19/2019
Jersey Deal Volume Up 11% in First Half of 2019 Over Previous Six Months
The Crown Dependencies overall had a healthy start to the year
11/19/2019
German authorities raid ABN Amro offices in Frankfurt: company
Dividend stripping, known as cum-ex, typically involves cross-border trading of company shares around a syndicate of banks, investors and hedge funds to create the impression of numerous owners, each of whom was entitled to a tax rebate.
11/18/2019
London Stock Exchange lists QIIB’s $300m Sukuk
The issue was priced at fixed rate of 4.875 percent p.a, and this is the lowest pricing ever of this AT1 from the GCC.
11/18/2019
Better information exchange would improve supervision of anti-money laundering
It said the exchange of information should not duplicate efforts or impair either supervisor’s independence.
11/18/2019
European insurance regulators ramp up focus on climate change
The European Insurance and Occupational Pensions Authority (EIOPA) will focus its regulatory efforts in the coming years on climate-related risks
11/18/2019
EU must overhaul pensions; fees to blame
With government pensions on the decline, and occupational ones covering only a minority of citizens and pension needs, public authorities are asking EU citizens to save more and earlier for retirement.
11/18/2019
EU adopts framework for sanctions on Turkey
This decision is a direct follow-up to the Council conclusions of 14 October 2019
11/18/2019
Private debt fund growth continues
The authorities are also facilitating in ways that promote and ease access to this type of financing