11/28/2017
Italian princess to appeal $200m trust fund ruling
Cristiana, took her family to court alleging she had bee locked in a “golden hell” by her mother
Legal, Regulation & Compliance
11/27/2017
Cisi threatens legal action against fraudulent advisers
Moore said UK consumers can check if their financial planner is a CFP professional by looking at the Wayfinder list on the institute’s website.
11/27/2017
Contracts and liabilities between controllers and-processors under gdpr
The draft guidance aims to help data controllers and data processors understand their roles.
11/27/2017
Central Bank of Ireland hits life assurance arm of Italy’s largest bank with €1m fine
The breaches occurred in July 2010 and continued on for a further three years and eleven months, the regulator said.
11/26/2017
Time will tell if Central Bank right not to ban broker commissions
The easiest way to deal with it would have been to abolish commissions and simply let the broker collect other fees, usually payable over the lifetime of the product.
11/24/2017
FCA speech on regulatory priorities for retail banking, PSD2
Herbert Smith Freehills - Financial regulation update
11/24/2017
Paris primed to host EU banking regulator
Brexit evacuee prepares for life alongside thermonuclear R&D agency
11/24/2017
Hong Kong and UAE investors start court case over failing £200m Liverpool ‘Chinatown’ plans
As a result, investors, mainly overseas and from Asia are now set to lose millions of pounds, something that the Liverpool City Council believe is “no moral obligation” of theirs.
11/23/2017
Regulatory priorities for retail banking - FCA
In our view, competition issues persist in retail banking.
11/23/2017
Coutts ordered to pay out on £400k offshore investment
It follows a previous adjudicator’s findings that the investment adviser had failed to adhere to its clients’ wishes to have their capital protected, which Coutts appealed.
11/23/2017
Inheritance tax 'in the crosshairs' for reform
nheritance tax could be targeted for reform as HM Revenue & Customs publishes research into how the exemptions are used by advisers and their clients. The research, published yesterday alongside the Budget, found most of the beneficiaries and testato
11/22/2017
Herbert Smith Freehills - Financial regulation update
Commission speeches: EU financial sector, EMU, CMU and green finance
11/22/2017
Paris wins battle to host European banking regulator
Amsterdam chosen as post-Brexit home for medicines agency
11/22/2017
Accountants face fines of £10m-plus for shoddy work
The watchdog has been criticised in recent months for being too close to the firms it regulates and for not being prepared to take a tough enough line where questionable practices have been uncovered.
11/22/2017
City watchdog fines former BAML bond trader more than £60,000
Mr Walter’s abusive trading resulted in a profit of €22,000 to his trading book.
11/22/2017
FCA tells IFAs to blow whistle on rogue DB advisers
The regulator held the seminar in Swansea because it is close to the Tata British Steel site in Port Talbot.
11/22/2017
Russian Billionaire Arrested In France For Tax Evasion
French Police Arrested One Of Russia’s Richest Men
11/22/2017
From maps to apps: the power of machine learning and artificial intelligence for regulators
Speech by Stefan Hunt, Head of Behavioural Economics and Data Science at the FCA, delivered as part of the Beesley lecture series on regulatory economics at the Institute of Directors.
11/22/2017
Herbert Smith Freehills - Financial regulation update
To view a web version of this email please click here Herbert Smith Freehills Financial regulation: daily update FCA speech on the power of machine learning and AI for regulators The FCA has published a speech delivered by Stefan Hunt, Head of Behavi
11/22/2017
Libyan Fund Scores Win In Bid To Use SocGen Dispute Docs
The Libyan Investment Authority, or LIA, has settled legal action with the French bank over claims that it lost more than $2 billion because of bribes linked to trades.