09/02/2018
Resolution planning
The EBA RTS on SO is expected to come into force later this year.
Legal, Regulation & Compliance
09/02/2018
The Former Yugoslav Republic of Macedonia joins the Inclusive Framework on BEPS
The OECD welcomes the Former Yugoslav Republic of Macedonia’s commitment to implement the internationally agreed standards to tackle tax evasion and avoidance.
09/02/2018
RBS, led by Ross McEwan, ready to buy back taxpayers’ shares
Ten years on, bank hopes for approval to cut state’s stake
08/31/2018
Appleby Announce 2018 Recipients of Legal Awards
For the last 40 years, the Partners of Appleby have provided awards and bursaries to qualified Bermudian applicants who have demonstrated academic excellence within the legal field, community outreach and extracurricular activities.
08/31/2018
Former tax inspector who stole £7m jailed
Hughes worked in the 1980s for what was then the Inland Revenue, before setting up his own tax consultancy firm.
08/31/2018
Unions says ministers must freeze retirement age, or face no new pension deal
We have noted that our members only have one real concern and that is when they will be able to retire
08/31/2018
Govt prevents £144.8m in pension fraud in 2 years
Genuine people who deserve assistance seem to find it difficult to claim and often give up
08/31/2018
Germany aligns with the UK against Brussels on £100 trillion derivatives danger
The European Commission has so far stuck to their line that this is a problem for banks and financial companies to sort out for themselves even if there is a broader Brexit deal.
08/30/2018
Legg Mason pays $71m to settle Libya bribery case
Global investment manager involved in scheme to secure investments from Libyan officials
08/30/2018
Former Lumiere director claims he “had little choice” during fraud trial
Once he began meeting the clients who had been affected, he realised most were not seasoned investors.
08/30/2018
Pensions Regulator in warning to 14 company retirement schemes
In letter obtained by Royal London following FOI request, the regulator fears amount of cash flowing out of company 'defined benefit' schemes has reached record levels
08/30/2018
Poland: New Law On Cybersecurity In Poland
The ANCS will introduce a national cybersecurity system, which will include the biggest service providers from various sectors in Poland, as well as governmental and local administration.
08/30/2018
Troubled Greyfriars tells clients they 'may wish' to find new IFA
Greyfriars will continue to ‘provide administration services to the products and investments you hold as a servicing agent’ and will ‘continue to administer your pension wrapper’.
08/30/2018
Old Mutual gears up for regulatory change in the advisory business
These are big changes for advisory businesses
08/29/2018
Adviser trade body enters financial crime partnership
In the UK, £193bn was lost to financial crime in 2017 with more than 630,000 reports to the National Crime Agency over the 18 months to December 2017
08/29/2018
RBS boss in bribe inquiry given payoff
Banker had been suspended from scandal-hit unit
08/29/2018
Swiss watchdog to propose looser anti-money laundering rules for fintechs
Switzerland, the world’s largest centre for offshore wealth, has gained prominence in recent years as a hub for financial technology providers
08/29/2018
Regulator asks trustees to report on financial advisers
Scheme trustees are being asked to "provide details on a monthly basis of the transfer activity in the scheme
08/29/2018
DOJ wants to exclude expert testimony proposed by ex-Deutsche Bank traders in LIBOR-rigging case
The defendants’ proposed expert testimony as to the adequacy of the government’s discovery, establishment of the conspiracy, and benefit or harm to Deutsche Bank’s counterparties is incurably improper, the DOJ argues.
08/29/2018
From Roman stoics to UK case law – lessons on stress management
"From the point of view of employers, prevention is always better than cure – this session looks at case law about how the courts and tribunals deal with stress disputes, how potential claims arise, and what the statute book has to say.