01/16/2019
Credit Suisse Off the Hook in U.K.
The move takes pressure off Credit Suisse, which has found itself mired in scrutiny over the deals.
Legal, Regulation & Compliance
01/15/2019
Fund manager banned from drinking at work events after 'lewd' text allegations. Silicon Valley fortune seekers coming back to Wall Street
The company seems to have agreed that this isn’t any way to behave; as a result of the text message and another unspecified incident, they cut Michel-Verdier’s bonus and banned him from drinking at company sponsored events for a year.
01/15/2019
DeVere & Partners UK to compensate Qrops client
Annual fee of £1,000 prompted ombudsman complaint
01/15/2019
Selectapension DB outsourcing business enters liquidation
Suspended service in 2017
01/15/2019
Ogier advises TMF Group on purchase of State Street’s Private Equity and Real Estate business
This was a complex, multi jurisdiction transaction that required expert knowledge across a range of specialisms
01/15/2019
Channel Islands Funds Quarterly Legal and Regulatory Update Q4 2018: 1 October - 31 December 2018
Under the proposed changes to the Codes, the JFSC expressly provides that it will expect such cover to be in place for a period of between three and six years, which appears to be an extension to previous expectations regarding run off cover.
01/15/2019
The End of the Beginning By Guy Stephens, Technical Investment Director at Rowan Dartington
There is always room for manoeuvre as we have recently seen regarding the Italian budget where the newly elected populist, anti-EU government originally tabled a high spending deficit budget.
01/15/2019
Former Barclays bosses deny fraud over £6bn Qatar fundraising during the financial crisis
The case was brought by the Serious Fraud Office
01/15/2019
Dechert Wins Multiple Honors
Dechert has also led Purdue Pharma’s national defense strategy in more than 1,400 federal and state lawsuits arising from the marketing of opioid medications.
01/15/2019
European Central Bank must allow full scrutiny of banking supervision, say Auditors
Banking supervision entails significant risks to the public purse, say the auditors, but they will not be in a position to carry out a proper audit of these activities unless the ECB adjusts its stance regarding access rights.
01/15/2019
UK government delays British Overseas Territories' deadline for public ownership
Overseas territories worried that the 2020 timetable for disclosure requirements would lead to an exodus of business moving towards more secretive tax havens.
01/15/2019
£1m diamond ring seized in multi-million shopper probe
The ring is described as an 8.9 carat "emerald-cut diamond
01/15/2019
Barclays on wrong side of history with climate policy, says Greenpeace
Environmentalists attack rules that fail to ban funding oil projects linked to tar sands
01/15/2019
Governors and Heads of Supervision endorse finalised market risk capital framework and Basel Committee work programme
By contrast, the framework issued in 2016 would have resulted in a weighted average increase of about 40%.
01/15/2019
Ex-Barclays bosses deny fraud charges in court
Barclays also engaged in a later capital-raising in October 2008, where a second count of conspiracy to commit fraud by false representation was charged against Varley and Jenkins, both of whom denied the accusations.
01/14/2019
Two out of three German companies favour ECB rate hike - survey
A majority of German company executives support the euro zone's bail-out measures for struggling member states, with 83 percent of respondents saying the bloc's rescue mechanism are good and right, the poll showed.
01/14/2019
Intertrust simplifies organisational structure to support its transformation strategy
he new structure will be reflected in the composition of the Company's Executive Committee, with immediate effect.
01/14/2019
ESMA Publishes Updates Q&As on MiFID II and MiFIR Transparency Topics; ESMA Publishes Updated Q&As on MiFID II and MiFIR Commodity Derivatives Topics
On January 4, the European Securities and Markets Authority (ESMA) published an updated version of its questions and answers document (Q&As) on commodity derivative topics
01/14/2019
It’s Getting Foggy Out There by Gary Dugan
UK also faces the prospect of freezing over as the North Pole sees temperatures rise
01/14/2019
Guernsey substance requirements update – foundations
As a result of this being brought to the attention of the Revenue Service, further amendments have been made to the regulations introducing the new substance requirements.