06/22/2017
Edmond de Rothschild fined for alleged involvement in 1MDB scandal
The affair, however, is mentioned in the annual report published in June.
Legal, Regulation & Compliance
06/22/2017
Private bank granted bankruptcy ruling against Boris Becker
Representing Becker, advocate John Briggs had argued that Becker was hoping to raise €6 million (£5.2 million) by remortgaging a property in Majorca.
06/22/2017
Competition regulator greenlights £11bn Standard Life-Aberdeen merger
The Competition and Markets Authority launched an initial investigation into the merger in May but has decided not follow that up with a more in-depth review
06/22/2017
EU’s new tax avoidance law to target Channel Island schemes
Schemes involving transactions to low tax jurisdictions such as Jersey and Guernsey will need to be reported to the European Union, under new legislation aimed at tackling tax avoidance.
06/22/2017
Herbert Smith Freehills - Financial regulation update
FCA regulation round-up June 2017
06/22/2017
Bank Risk Is in Demand as $113 Billion Fund Strikes 'Big' Deals
ATP has done some “big” deals since first venturing into the synthetic market less than three years ago
06/21/2017
Big German asset manager poised to cull 100 research analysts
Mifid II forces fund houses to consider cost of reports and meetings
06/21/2017
Herbert Smith Freehills - Financial regulation update
FCA Call for Input on consumer access to insurance
06/21/2017
Ready or Not - A New Data Protection Regime is Coming
The GDPR imposes significantly greater fines for non-compliance
06/21/2017
Benest Corbett Renouf becomes first Channel Islands Law Firm to Adopt Liberate’s DIFERA Scheme.
The legal profession has a reputation for not being diverse, but forward-thinking firms are recognising this as a weakness and doing their best to become more inclusive.
06/21/2017
Angel Di María fined £1.76m for tax evasion during spell at Real Madrid
This is a witch hunt against the wealthy, which is not limited to footballers.
06/21/2017
Independent research providers seen as beneficiaries of MiFID II unbundling
They don't know the real cost to clients or the revenue banks get from research.
06/20/2017
Bank of Ireland and BOI Private Banking seek merger approval
Commercial Court hearing date fixed for 21st July
06/20/2017
HSBC to create 500 new posts in Scotland
The expansion programme will increase HSBC's headcount in Scotland to 4,500.
06/19/2017
The 'diva of divorce' for the world's super rich
Attracting wealthy clients from around the globe there is often a mad dash between an estranged husband and wife to get to her first.
06/19/2017
‘Open Banking’ regulation to herald consumer finance revolution
These regulations coincide with the development of new technology that allows developers to incorporate third-party data and services into their applications.
06/19/2017
Asset manager lobby groups call for regulator to go easy
The Investment Association has been particularly vocal in its criticism of the FCA’s proposal to introduce a single all-in fee that would include trading costs.
06/19/2017
Revealed: Ireland's most diverse law firm (and 5th most diverse in Europe)
Partners at the firm recently received international awards.
06/19/2017
Barclays and former executives charged with crisis-era fraud
SFO accuses ex-CEO John Varley and deal maker Roger Jenkins in Qatar funding deal
06/19/2017
Herbert Smith Freehills - Financial regulation update
FCA on applications for permissions under MiFID II