07/13/2018
‘Dishonest’ bankers liable over Libya deal, judge rules
The law suit claimed that Mr Marino plundered the Libyan sovereign wealth fund for millions of dollars in secret commissions.
Legal, Regulation & Compliance
07/12/2018
Nathalie Dauriac claims victory
Nathalie Dauriac became embroiled in a dispute with John Caudwell
07/12/2018
IoM-based OMI and FPI hit back over class action threat
The lawsuit is being pushed by a claims manager and could be worth as much as £80m, according to a report in UK news outlet City AM.
07/12/2018
FCA applies ‘Lamborghini test’ to adviser files
The goal of the FCA was to know if the adviser report gives “the colour and detail about the clients’ objectives, and how the solution meets those objectives,” he added.
07/12/2018
The growing need for regulatory reporting change management processes
The increased emphasis on regulatory data requires a different approach to change management
07/11/2018
Ex-Anglo Irish Bank chief given suspended sentence over unlawful lending
Drumm plead guilty to the 10 charges which involve the “Maple 10” businessmen
07/11/2018
Senior Managers & Certification Regime - key implications for FCA firms
The SMCR allows someone to cover for a senior manager, without being approved by the FCA
07/11/2018
FCA hits out at lengthy T&Cs
He said firms using consumers' data needed to engender more trust
07/11/2018
SJP and Lifesearch sign up to gender diversity targets
The initiative comes at a time when women face many challenges in the market regarding how they are valued
07/10/2018
Germany studying request to return €300mn to Iran
The report added that Iran had told the German Financial Supervisory Authority (BaFin) that it needed the cash from the accounts "to pass on to Iranian citizens who require cash while travelling abroad, given their inability to access recognized cred
07/10/2018
Cayman gets support from Caricom on UK issues
The heads of government from the Caribbean Community member states backed that position during a conference last week in Kingston, Jamaica, voicing their own disapproval for the U.K.’s approach to the issue.
07/10/2018
Lithuania Green-lights Remote FinTech Licensing
The bank’s move is another sign of Lithuania’s increasing importance as a tech hub.
07/10/2018
Law firm Allen & Overy launches regulatory consulting business
Consequently, 69% of law firms see Deloitte, PwC, KPMG and EY as major threats to their market share, following successful forays into a host of other segments by the gang of four.
07/10/2018
Bank queries appointment of Grant Thornton as Goldman auditor
Goldman Sachs has held discussions with Grant Thornton, the fifth largest audit firm by fee income in Britain, as the bank approaches a review of its audit relationship in the UK in 2022.
07/10/2018
Objective of the Guernsey Green Fund
Any class of Guernsey fund can notify of its intention to be designated a Guernsey Green Fund whether registered or authorised, open-ended or closed-ended providing it meets the eligibility criteria
07/10/2018
Old Mutual International under fire for allowing high-risk investments in offshore wrapper
It is understood some of the funds held within the wrapper have lost significant value, with the claims manager targeting Old Mutual International as the facilitator through the wrapper.
07/09/2018
AC Milan owner fails to repay Elliott Management
Italian club close to being taken over by hedge fund that financed original deal
07/09/2018
GFH to pursue David Haigh's Dubai and London assets in damages enforcement
Collection of damages awarded to GFH will impact company's 2018-19 results
07/09/2018
Putting fund managers through the stress tests
The ploy proved particularly effective with banks and now there is a chance for a repeat
07/09/2018
FCA gets it right by banning Steven Cohen
UK regulator’s move to block the disgraced hedge fund manager is bang on the money