05/15/2019
Deutsche Bank Panama Papers Probe Leads to More German Raids
Frankfurt prosecutors looking at wealthy individuals in case
Legal, Regulation & Compliance
05/14/2019
French manager Natixis IM takes 11% stake in Canadian manager Fiera Capital to expand in the country
The deal will also see Natixis Investment Managers CEO Jean Raby joining the board of Fiera Capital while the Canadian manager will repurchase for cancellation 2.45 million Fiera Class A shares from National Bank of Canada.
05/14/2019
Lloyd's approves London-based A&P Worldwide as broker
Lloyd's financial strength is derived from its unique capital structure, and this will help us provide world class service to all our customers."
05/14/2019
Expats told to consider Qrops to limit tax charge
Individuals that are already over the lifetime allowance would incur an immediate 25 per cent charge but these funds would then become immune to any further penalties.
05/14/2019
Capgemini’s World Insurance Report 2019
Customers Demand More Comprehensive and Personalized Insurance Products to Address ‘Coverage Gap’ in Existing Policies and Emerging Risks
05/13/2019
Report: Bermuda to come off EU blacklist
The news agency added that its report was based on documents obtained by Bloomberg News.
05/13/2019
Lottery winner hit with £6m bill over money laundering
A couple and their associates have forfeited assets including a hotel
05/13/2019
Bank Secrecy Rules Get a Rethink After Danske Laundering Shock
The financial regulator in Denmark, the bank’s home, has started lobbying counterparts elsewhere for a broader discussion.
05/13/2019
FCA open to changing regulation amid market review
The FCA asked advisers if its regulations are driving too many people to seek advice and admitted its actions may be having a "negative impact" on the market and consumers.
05/13/2019
Companies Flock to Issue Bonds on Tiny English Channel Island
Offshore haven of Guernsey, away from stricter EU disclosure regulations, attracts sellers of risky debt
05/13/2019
Denmark’s Ex-Finance Regulator Charged In Money Laundering Scandal
People familiar with the investigation told The Financial Times the former regulator was charged for not preventing transactions at Danske Bank when he was finance director from 2011 to 2015.
05/13/2019
Remuneration trust avoidance scheme labelled high risk
The remuneration trust is set up in a contrived manner and is claimed to provide benefits to individuals (beneficiaries), other than the scheme user.
05/13/2019
The time has come for Guernsey Green Finance
Our track record on supporting climate finance is already most impressive.
05/10/2019
EU Antitrust Regulators Fine Banks For Manipulating FX Market
The EU could potentially parse out the rulings against the banks, instead of putting them all together in one day.
05/10/2019
Spanish prosecutors appeal acquittal of ex-Barcelona president
A company owned by Rosell played the role of intermediary in the negotiation of these contracts and allegedly pocketed nearly 8.4 million euros.
05/10/2019
Court of Appeal confirms ISDA 1995 Credit Support Annex does not provide for payment of 'negative interest'
The Court of Appeal gave three key reasons for its judgment. Firstly, the Court of Appeal agreed with the central reason given by the High Court
05/10/2019
SEA Asset partners with German alts manager
Singapore-based SEA Asset Management will help distribute Eschborn, Germany-based Seahawk Investment’s long/short equity fund in the Lion City.
05/10/2019
Future support for nature in UK Overseas Territories
The UK Government launches a Call for Evidence on safeguarding biodiversity in the UK Overseas Territories.
05/10/2019
FSCS considers compensation for investors in failed mini-bond firm
The FSCS said it also wants to further explore the relationship between LCF and Surge Financial Ltd.
05/10/2019
Can you Keep a Secret? Publishing the Identity of Ultimate Beneficial Owners
The UK Government is now turning its attention to the hotly debated issue of UBO transparency in British Overseas Territories and Crown Dependencies.