07/24/2017
Non-dom Update - Withers
There are a number of technical changes to the draft rules, which will not have significant effects.
Legal, Regulation & Compliance
07/24/2017
Ex-Schroders Trader Clarke Must Pay $456,000 for Insider Trading
The 41-year-old is one of a number of individuals to be prosecuted by the U.K. Financial Conduct Authority over insider dealing
07/24/2017
Britain's biggest wealth manager St James's Place accused of not being clear on costs and restricted advice by Which? investigation
Which? deemed that four out of 10 advisers sampled did not adequately explore the likely cost of investment in general.
07/21/2017
Update on the changes to the taxation of non-UK domiciliaries - SMP Partners
The announcement confirms that the draft 2017 Finance Bill "will be introduced as soon as possible after the summer recess".
07/21/2017
FSCS opens compensation door at failed wealth firm
It has yet to receive claims from a further 53 creditors.
07/21/2017
U.S. Hunt for Nigeria Fraud Cash May Come Second to a Small Bank
Banque Havilland SA, a small Luxembourg bank that wrote a mortgage against the property
07/20/2017
EFAMA AND AMIC publish joint report on leverage
The FSB and IOSCO seek to identify consistent measures of leverage to facilitate more meaningful monitoring for financial stability purposes.
07/20/2017
Herbert Smith Freehills - Financial regulation
FCA notification guide for ancillary activity exemption
07/20/2017
Deutsche Bank expects subpoenas over Trump-Russia investigation
Source reveals Robert Mueller’s team and Trump’s exclusive bankers have established informal contacts and requests for information are forthcoming
07/20/2017
Deutsche Bank Expects Subpoenas Over Russia Probe, Guardian Says
Separately, the New York Times reported that banking regulators are reviewing hundreds of millions of dollars in loans made to businesses of President Donald Trump
07/20/2017
Herbert Smith Freehills - Financial regulation update
FCA findings from suspended property fund review
07/19/2017
Appleby Lawyer Shortlisted as 'Future Leader'
The winners are announced at an awards evening which takes place on 1 November in London.
07/19/2017
Herbert Smith Freehills - Financial regulation update
ESAs consultations on ITS on mapping of ECAIs' credit assessments under CRR and Solvency II
07/19/2017
PQM Standards Review to Provide Further Boost for UK Responsible Investment
In particular the proposals on extending the standards to include an assessment of scheme approaches to corporate stewardship and environmental, social and governance issues.
07/19/2017
Lombard Risk looks to the future with confidence
The roll out of Lombard’s next generation reporting product, AgileREPORTER, continues to present a broad range of opportunities, both in terms of upgrading existing regulatory reporting clients and accessing new markets.
07/19/2017
Non-bank payment service providers to gain access to settlement accounts at the Bank of England
The FCA is responsible for the regulation of non-bank payment service providers under the Payment Services Regulations 2009 and Electronic Money Regulations 2011.
07/19/2017
Government bans ‘rip off’ credit and debit card surcharges
Local authorities and government agencies also impose ‘handling fees’
07/18/2017
Barclays criminal trial set for 2019
The men made their first appearance at Southwark Crown Court on Monday following a magistrates court hearing earlier this month.
07/18/2017
Qualcomm faces fines after losing court bid in EU probe
Qualcomm could be on the hook for penalties ‘in the range of several millions of euros’ for resisting the call for the data
07/18/2017
BNP Paribas faces $246m fine in currency scandal
Cases against traders are ongoing.