06/17/2018
Half a trillion gone: the Business runs from Russian banks
The state continues to pour money into “Gazprombank” and “Rosselkhozbank”, but the capital adequacy ratios of credit institutions fall.
Legal, Regulation & Compliance
06/17/2018
Why the ultra-wealthy are the only winners of 'perverse' inheritance tax gifting rules
Everyone has an annual gift allowance of £3,000, which can be given away free of IHT regardless of when they die.
06/17/2018
Virgin Money set to accept Clydesdale’s £1.6bn takeover
The final deal is expected to be on similar terms to the sweetened bid CYBG made a fortnight ago
06/15/2018
Boris Becker claims bankruptcy immunity with Africa envoy role
The former tennis ace is using his role as a sports ambassador in the Central African Republic to claim diplomatic immunity.
06/15/2018
ESMA releases first report on penalties imposed under EMIR
ESMA has stated the report will help to gradually identifying best practices and potential areas that could benefit from a higher level of harmonisation.
06/15/2018
FCA: List of cooperation agreements under MiFID II
The list can be used by firms to assess their compliance with the MiFID Org Regulation.
06/15/2018
New Legislation impacts Offshore Property Companies
By this year, these punishing levies have reached 15% per annum, costing owners tens of thousands of Euros annually.
06/15/2018
Treasury Committee speech: Priorities, digitalisation, FinTech
They want their money to be safe. They want savings, investments and other financial products that meet their needs. And they don’t want their taxes used to prop up failing institutions.
06/15/2018
Stone King opens a Birmingham office
The new office is a key step in the firm’s strategy to provide its national education expertise on a local basis, alongside its offices in Bath, Cambridge, Leeds and London.
06/15/2018
Wealth management boss charged with fraud
An FCA and City of London police statement says the parties are working closely on the investigation, and customers should contact police if they have any concerns on the status of their investments.
06/15/2018
Kinstellar picks up two CEE Legal Matters Deal of the Year awards
CEE Legal Matters is a print and online publication for and about lawyers interested in and/or working in Europe's emerging markets.
06/15/2018
Don’t forget Malta's UBO deadline
Maltese-registered companies are running out of time to submit the necessary information about their ultimate beneficial owners without incurring a penalty.
06/14/2018
Testing times: Trading systems are out of sync with new regulations
No one likes to talk about the IT infrastructure challenges at a bank – it would be a long conversation and largely focused on the amount of work to do.
06/14/2018
Collas Crill advises on London property buy
The deal was led by group partner Paul Wilkes, assisted by senior associate Tristan Ozanne and associate Michael Lyner.
06/14/2018
FCA's Connaught review pushed back
The fund, which is now in liquidation, was an unregulated collective investment scheme which Capita ran from March 2008, providing short term bridging finance to commercial operators in the UK property market.
06/14/2018
Old Mutual boss: More businesses like ours will break up
He says: “Old Mutual is not the only global financial services business thinking about restructuring. I suspect we will see more.
06/13/2018
France orders banks to raise capital buffers to manage risks
The measure is expected to enable the banks to have adequate capital to address any potential economic downturn in the future and cover up bad loans.
06/13/2018
British overseas territories in talks to keep tax haven secrecy
UK plan to impose public registers of share ownership sparked protests and calls for constitutional separation
06/13/2018
High Court applies SAAMCO principle to find no assumption of responsibility for losses flowing from market forces
This can considerably reduce the scope for litigation, as relying upon the SAAMCO principle to limit liability should be a solution of last resort.
06/13/2018
High Court Rejects the First IRHP Mis-Selling Claim Brought by Private Persons Under Section 138D FSMA
The court therefore held that the bank would not have been able to rely upon the basis clause if it had in fact given advice.