01/23/2018
AIMA publishes GDPR implementation guide
The AIMA Guide summarises the GDPR framework in the context of alternative investment management firms and funds and looks at how new rules differ from the existing Directive.
Legal, Regulation & Compliance
01/23/2018
Obligation to revalue UK residential property held as at 1 April 2017- SMP Partners
Assuming that the property was owned as at 1 April 2012 and that there were no substantial changes to the property interest after 1 April 2012.
01/23/2018
UK to broaden access to financial ombud in wake of bank scandals
Without access to the free FOS resolution service, a business would have to take a bank to court, a costly and time-consuming process.
01/23/2018
French manager calls out ‘cheeky’ rivals over Mifid II research rules
Firms have to declare whether they pass these costs to their clients or pay out of their own pockets for it.
01/23/2018
Ex-Barclays executive challenges FCA censure
Former banker was secretly recorded saying he had destroyed a key report
01/23/2018
Ex-Credit Suisse Banker Spent Hidden Million on Wife's Jewelry
One cannot help but be struck by those numbers,” Jeanneret said.
01/23/2018
Prudential insurance was unnamed victim of HSBC's currency rigging settlement
HSBC admitted that its traders misused confidential information
01/23/2018
Asset managers under fire as impact of transaction costs revealed post-MiFID II
MiFID II requires investment managers to disclose additional transaction costs that are charged to their funds, on top of the established ongoing charges figure.
01/22/2018
Jersey banking law gets SEPA update
Jersey first became a member of the SEPA in 2015, when legislation was passed enabling payments in Euros to be made by Jersey banks direct to and from other member banks.
01/22/2018
International law firm launches client solutions brand
Bird & Bird is well known for its high standard of client service
01/22/2018
Offshore UK property owners to be listed by 2021
Over 75% of properties currently under investigation use offshore corporate secrecy
01/21/2018
Ukrainian media report Malta placed on list of offshore zones, Finance Ministry not informed
Malta's controversial Citizenship-by-Investment scheme, which is set to be extended, has received much interest from wealthy Russian tycoons.
01/21/2018
Merkel, Macron Join Forces on Regulating Cryptos
Both were in the city of lights to work on a joint declaration for a new Franco-German Elysée Treaty.
01/20/2018
Credit Suisse Plans Low Bonus Pool Increase for 2017
The bank is entering a final year of restructuring to focus on wealth management and investment-banking advisory services, reducing its reliance on trading-related businesses.
01/19/2018
Drafting limited partnership agreements under Luxembourg law - Ogier
The position under Luxembourg law is particularly straightforward as the Civil Code starts from the policy presumption that commercially negotiated contract terms are enforceable.
01/19/2018
FSCS to pay out £6m over collapsed DFM Strand Capital
In its 2018/19 business plan the FSCS noted in the past it has paid out large amounts over investment firms which have gone into default.
01/19/2018
HSBC shells $100 million to resolve front-running charge
In total, HSBC admitted to making profits of approximately $38.4 million on the first transaction in March 2010, and approximately $8 million on the Cairn Energy transaction in December 2011.
01/18/2018
Italian banks urge EU to relax rules on salary-secured loans
Industry sources estimate the proposed change to regulations introduced in 2014 would cut the combined amount of capital Italian lenders need to set aside by almost 1 billion euros
01/18/2018
Charles Russell Speechlys announces partnership with Aspiring Solicitors
As part of the partnership, Charles Russell Speechlys will run a number of events for Aspiring Solicitors members over the next three years
01/18/2018
FCA January 2018 regulation round-up
Herbert Smith Freehills - Financial regulation update