03/16/2018
Millionaire banker fights to stop his wife divorcing him
During that time she had 'appropriated' almost £800,000 from their Swiss bank accounts, he claims
Legal, Regulation & Compliance
03/15/2018
Deutsche Bank fined for regulatory breaches in Hong Kong
The companies have agreed to submit an internal report to the regulator after 12 months to ensure implementation of remedial measures.
03/15/2018
UBO Register of Trusts The EU's 5th Anti-Money Laundering Directive
This article briefly sets out the changes we can expect, particularly in respect of trusts.
03/15/2018
Trusts and Protectors - A Russian Tale
Appleby Guernsey’s Dispute Resolution and Private Client & Trusts teams review this important decision and the impact in the Channel Islands.
03/15/2018
FCA webpage on closet trackers
Closet trackers and closet constrained funds look like and charge fees similar to active funds.
03/15/2018
Outgoing FCA chair warns against crypto harm if not regulated
‘In 2013, I believed, along with many others, that London had, since the end of the Second World War, successfully made the transition from a financial centre of necessity to a financial centre of choice.'
03/15/2018
ESAs weigh benefits and risks of Big Data
The report concludes that Big Data brings many benefits for the financial industry and consumers, such as more tailored products and services, improved fraud analytics, or enhanced efficiency of organisational internal procedures.
03/14/2018
The UK is “very close” to a Brexit deal securing rights of EU citizens
“No citizen will be victim of Brexit”
03/14/2018
London Stick Exchange Group Strengthens Partnership With Kenya
LSEG delegation visits Nairobi to discuss further capital markets collaboration
03/14/2018
FCA action costs fund managers fraction of gains
As FTAdviser reported on 5 March, several firms have reimbursed clients a total of £34m for the way products were marketed as being active funds, when, in practice, they did little more than track the index, an investment style which costs significa
03/14/2018
An Update on the implementation of the cyber security directive
The definition of DSP has also been refined although the Government recognises that the definition continues to be a challenge.
03/14/2018
Land Registry requirements for execution of deeds by overseas companies are changing: how will this affect you?
HM Land Registry has a prescribed execution clause for use where an overseas company or LLP is executing a deed by the signature of one or more authorised person(s).
03/14/2018
After UBS Ban, Hong Kong to Punish Other `Reckless' IPO Sponsors
The SFC wants to hold individuals as well as the firms accountable, Atkinson said.
03/14/2018
Ombudsman sides with Old Mutual over death benefits claim
On 20 August 2013, the trustee wrote to Mrs Y to explain it had decided to pay benefits on the basis of one third to her and one third to each of Mr Y’s children.
03/13/2018
With U.K. Banks Hit by Scandal, Regulator Demands Ethics Change
Financial Conduct Authority issues bank culture report
03/13/2018
Basel Committee publishes follow-up reports on Basel III implementation assessments
The reports, which have not been reviewed or evaluated by the Basel Committee, outline the actions a jurisdiction has already taken or has planned.
03/13/2018
Central bank digital currencies could impact payments, monetary policy and financial stability
"Central bank digital currencies could help make settling trades of securities and foreign exchange more efficient in the future."
03/13/2018
Brexit threatens to undo Mifid II dark pool rules
London and Brussels cannot look to the EU-Swiss deal for comfort
03/12/2018
High Court approves Barclays ringfencing plan
Pension scheme members had expressed fears new bank structure would have adverse effect
03/12/2018
Central banks told to think twice before boarding Bitcoin bandwagon
The report looks at the possible impact of a “wholesale” digital currency only for a limited audience like banks, and a “retail” version for all.