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
Legal, Regulation & Compliance
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.
08/29/2018
FCA taken to information watchdog over adviser complaint
All of these discrepancies might in certain circumstances be no more than merely academic
08/29/2018
Big four accountants KPMG, EY, PwC and Deloitte in firing line over partners' pay
Deloitte revealed its 702 equity partners made an average £832,000 of profits each in the year to May 31, the highest pay-out for nine years.
08/28/2018
Deloitte and Linklaters end legal battle with ex-Arsenal investor
The Indian-born business woman, whose net worth is believed to stand at around $202.5 Million (£157.36 million), subsequently sued Linklaters and Deloitte for their roles in advising her on the deal.
08/28/2018
German, Swiss Lenders Change Strategy on Negative Interest Rates
Banks introduce, cancel or change fees on customers’ savings
08/28/2018
Davy hikes value of Dublin MetLife offices as lease extended
Fund increases value on building to €40m from €27.5m it paid for the property in 2014
08/28/2018
Informants make double the calls to tax fraud hotline
HMRC handed out £343,500 for tip-offs in 2017-18, down 23% on previous year
08/28/2018
Insurance brokers call for post-Brexit equivalence regime
"Buyers of insurance must not be the unintended victims of Brexit," said LIIBA chief executive Christopher Croft, writing on LinkedIn.
08/28/2018
Metro Bank pays another £2.8m to firm owned by chairman’s wife in deal that casts doubt on its claim to be different to rivals
The latest £2.8m was given to InterArch for its work during the first six months of 2018.
08/28/2018
France, Germany mull over independent financing system to sidestep US bans
Echoing Le Maire’s stance, German Foreign Minister Heiko Maas said work had already begun on creating a European payment system independent of the SWIFT global payment network.
08/28/2018
Govt to crackdown on phoenixed firms
Business minister Kelly Tolhurst said: "The UK is a great place to do business with some of the highest standards of corporate governance.
08/28/2018
Former Rangers players and managers face paying millions of pounds to taxman
BBC Scotland says a letter sent earlier this month by Trident Trust, a Jersey-based company has issued warnings.
08/24/2018
HMT: Guidance for the financial services sector in the event of 'no deal'
For two years, the government has been implementing a significant programme of work to ensure the UK will be ready from day 1 in all scenarios, including a potential ‘no deal’ outcome in March 2019.
08/24/2018
French couple thought they had invested in factories and not factoring: Lumiere trial
The former financier stands accused of losing £2.7m of money from clients by knowingly getting them to invest in a high-risk company. He is facing 18 charges, all of which he denies.
08/24/2018
CSSF declares (renewed) interest in EMIR compliance
To put the press release into context, the latest updates to the EMIR reporting framework entered into force on 1 November 2017.
08/24/2018
Senior executives and the ongoing battle for equal pay
Equal pay claims can be brought in the civil courts up to six years after the employment ends so both current and former employees may have relevant information.
08/24/2018
FCA innovation dept grows 350% to keep up with robo-advice services
As a result, the FCA has required many of the robo-advisers which took part to make “significant changes” to their businesses.