02/19/2018
Gordon Dadds expands Cardiff operation with arrival of Thomas Simon team
Thomas Simon’s business will be merged with Gordon Dadds’ business in the new offices.
Legal, Regulation & Compliance
02/18/2018
HSBC hopes to leave era of scandals behind
The bank has been held back by huge fines and hasty acquisitions, but believes it is now in a position to grow again
02/18/2018
Lloyds boss Antonio Horta-Osorio jilted Standard Life over £6bn Widows merger
The announcement last week knocked 7.5% off Standard Life Aberdeen’s shares.
02/16/2018
European watchdog warns of investment fund ‘fire sales’
Mismatches between the liquidity of open-ended investment funds’ assets and their redemption profiles could lead to “fire sales” to meet redemption requests in times of market stress, the European Systemic Risk Board has warned.
02/16/2018
Former Linklaters partner sentenced to three years in prison for sexual assault
Ex-magic circle partner sentenced today in Munich following 2014 assault
02/16/2018
Cyprus will present its plans for an asset management company
The Cypriot plans will be tabled during meetings with DG Com officials in Brussels next week, the same sources added.
02/16/2018
Time for urgent action on 'another major misselling scandal'
The report describes how many BSPS members were shamelessly bamboozled into signing up to ongoing adviser fees and unsuitable funds characterised by high investment risk, high management charges and punitive exit fees.
02/16/2018
GDPR - 100 days and counting: Are you ready?
The GDPR will bring with it some important changes to data protection law.
02/16/2018
Leading regional law firm to open up in Exeter after merger
The thriving law firm has announced a merger with Exeter firm Morgan & Pope, based at Cathedral Yard, continuing the steady growth through office expansion seen over the last 12 years.
02/16/2018
Ogier advises on purchase of Chancery Lane offices
It is currently let by law firm Lewis Silkin until 2023 and comprises over 80,000 sq ft of office space.
02/15/2018
FCA and FOS letters on social impact investing
In his letter, Mr Bailey confirms that the FCA will consider whether changes to its permitted links rules are necessary to address the Advisory Group's concerns about liquidity requirements, and expresses caution about issuing guidance on good and b
02/15/2018
To all firms holding the pension transfer and opt out permission
We may therefore review in the future any pension transfer advice you have given, or may give.
02/15/2018
High court rejects another interest rate hedging product mis selling claim key points of general application
The bulk of the reported cases in this field to date are interlocutory decisions, so the full reasoned judgment in this case provides a helpful summary of the current law and the court’s approach.
02/15/2018
Bank negligent after paying out client money on fraudulent instruction from sole director
A bank which made payments from a client account on the fraudulent instruction of the client's director and sole shareholder was liable in negligence after the client company went into liquidation, the Court of Appeal has confirmed.
02/14/2018
Mayfair dining spot and hedge fund favourite Boulestin has gone bust
Meanwhile its unfortunate sole director, restaurateur Joel Kissin, had lent the business a hefty £2.4m in an unsecured loan.
02/14/2018
Global advisory and fund administrator establishes Guernsey private client offering
The new licence sees former Partner of Maitland Advisory LLP (the group’s London law firm), Iris Harvey, take on a new role as Director of Private Client Services for Guernsey.
02/14/2018
Fidelity breaks platform ranks over 10% drop rule
Strictly speaking the rule only covers investments, not pension assets, even if they are held in a model portfolio.
02/14/2018
FCA explores creation of global sandbox
Authorities in other countries have followed the FCA's lead
02/14/2018
Al Rayan Bank issues largest ever Sterling Sukuk
The transaction is secured by a portfolio of prime UK, first-charge, owner-occupied, Home Purchase Plans originated by Al Rayan Bank.
02/14/2018
Judge finds 'sexist' behaviour and 'laddish culture' at French bank Credit Agricole CIB
According to the judgement Ms Moukaiche was also hit by a ball during a ball game played inside the office.