12/06/2017
Numis warns that Mifid rules shake-up won’t help pensions
Small and mid-cap brokers have been under pressure for years, with many predicting the near demise of the sector.
Legal, Regulation & Compliance
12/06/2017
Five effects of regulation
‘The pace and relentlessness of the changes required, exacerbated by legacy infrastructure and siloed operations, comes with a significant price tag, and is something that many wealth managers are still underequipped to deal with.
12/06/2017
FCA fines Bluefin £4m for misleading customers
Bluefin’s independence was compromised by its culture which promoted business strategies, including a policy which focused on increasing the business placed with its parent company, over treating customers fairly.
12/05/2017
EU decision reaffirms Guernsey’s status as a cooperative jurisdiction
Guernsey Finance Chief Executive Dominic Wheatley said it was no surprise that the island continued to be endorsed as an excellent and cooperative international finance centre by the EU.
12/05/2017
Wealth manager hits the acquisition trial with £1m deal
Under the terms of the deal, the combined maximum purchase price is £1.1m, payable in cash over the next 26 months in four tranches, dependent upon performance criteria being met.
12/05/2017
Deutsche Bank receives Mueller subpoena over Trump
Mueller has demanded that Germany’s largest lender share data on its client relationship with US president
12/05/2017
German banking regulator 'cannot believe' there will be no Brexit deal
After all those Irish border skirmishes, here's some better news on Brexit.
12/05/2017
British couple sue Nigerian billionaire prince for £1.8million after he pulled out of buying their £5million seven-bed London mansion leaving them 'stranded on the property market'
Couple were planning to sell £5million London mansion to Nigerian prince
12/05/2017
Guernsey welcomes EU reaffirmation of 'cooperative jurisdiction' status
The Code Group's screening process initially involved 92 non-EU countries and jurisdictions.
12/05/2017
Belgian Authorities Raid Bank Linked To Offshore Companies Found In Panama Papers
Belgian police raided the offices of state bank Belfius as part of a probe into possible tax avoidance by companies exposed in the Panama Papers
12/04/2017
RPT-French c.Bank Chief Sees Basel III Capital Rules Deal This Week
France Has Been A Key Hold-Out For Completing The Basel III Rules
12/04/2017
French central bank chief sees Basel III capital rules deal this week
While much of the Basel accord is already implemented and a final deal has been near several times, a deal this week would end years of effort to harmonize banking rules.
12/04/2017
Merger for chesham legal firm
The combined firm will have 225 staff in 20 teams based in Uxbridge, Chesham and Chorleywood, with a combined turnover of £20m.
12/04/2017
FCA investigates advice firm following arrest
‘HBFS’s customers are advised to check the status of any investments made through HBFS
12/04/2017
Hong Kong latest jurisdiction to vanish from HMRC ROPS list
In the past, HMRC has, without warning, removed all, or nearly all, of the schemes that had featured on its list only a few weeks before of such jurisdictions as Australia, Guernsey, the US, Canada, France and Italy.
12/04/2017
STM appeal date set for 22 January, and will now be public
STM is understood to be seeking an alternative method of resolving the matter.
12/04/2017
Newton fires fund manager on share rigging probe
Last week the Financial Conduct Authority (FCA) said it was investigating four fund firms over the possibility they may have broken competition rules.
12/03/2017
Central banks need to ensure tightening cools froth in financial markets: BIS
The longer the risk-taking continues, the higher the underlying balance sheet exposures may become.
12/03/2017
Seen and Heard: Revenue chasing banks on offshore clients
Dublin link to Uber case revealed as BoI reported to offer worst deal for tracker clients
12/01/2017
John Barrass: Preparing For Next Year’s Benchmarks Regulation
The Regulation Will Be Administered By Esma And Applied Throughout The EU