12/20/2016
UBS accused over cross-border ‘tax fraud money laundering’
French judicial authorities’ have been investigating UBS since April 12, 2012
Legal, Regulation & Compliance
12/20/2016
Orrick Named to Geneva's Top 5 Law Firms for Litigation and Arbitration
Geneva is an important base for our international litigation, arbitration and dispute resolution practices
12/20/2016
Italy court acquits four former JPMorgan execs in Parmalat case: source
Parmalat collapsed at the end of 2003 with a 14 billion euros hole in its accounts.
12/20/2016
Deutsche Bank could settle U.S. penalty this week: source
This would remove the biggest uncertainty facing the bank, which had sought a deal before President-elect Donald Trump, a Republican, takes office on Jan 20.
12/20/2016
Tangible results on the road to reform in Ukraine
Reforms are necessary to make Ukraine a stable, prosperous country.
12/20/2016
OCCRP Reporting Leads to Moves Against Baltic Banks
Also in March 2016, the European Central Bank (ECB) stripped the license of Trasta Komercbanka, which had Ukrainian co-owners.
12/20/2016
Eversheds advises Citadele bank on €40 million unsecured subordinated bond issue
The maturity date of the bond issue is 6 December 2026, and the issuer has the right to redeem the bonds after five years.
12/20/2016
Slovenia invites EOI for advisers on banks' risk appetite guidelines
The tender was launched via the EBRD, after the Bank of Slovenia requested the EBRD provide it with technical assistance
12/20/2016
Greater transparency tops wealth manager’s challenges in 2017
The information exchange will not be standardised among territories, but depends on agreements signed by between two nations individually.
12/20/2016
IMF chief found guilty over tycoon payment
Board meets to discuss fallout of guilty verdict against Lagarde
12/20/2016
Intesa Sanpaolo not aware of any probe over Rosneft deal
"To our knowledge this transaction is not currently subject to any investigation by the relevant Italian and European authorities," a spokesman for Intesa said.
12/19/2016
OJ – EMIR equivalence decisions
The Official Journal of the European Union (OJ) has published Commission Implementing Decisions on the equivalence of the regulatory framework for central counterparties (CCPs). This is in accordance with the European Market Infrastructure Regulation (EMI
12/19/2016
Court of Appeal clarifies scope of potential liability under the Misrepresentation Act 1967
The Court of Appeal held that the publication of an investor presentation in a way that actively invites investors to make use of its contents for a purpose other than the presentation's original purpose could create sufficient proximity to give rise
12/19/2016
European Supervisory Authorities publish conclusions on automation in financial advice
The ESAs also note that financial advice in general is already addressed in various ways through a number of EU Directives.
12/19/2016
Pakistan to exchange bank accountholders’ details with OECD
The FBR is discussing modalities with the banks to set up a system for exchanging information
12/19/2016
Draft legislation released on reform to substantial shareholder exemption
The substantial shareholding test would be extended from 12 months in the two years prior to disposal, to 12 months in the previous six years.
12/19/2016
Russian dubbed the 'She-Wolf of Wall Street' is arrested in tax scam
Police reportedly saw her glitzy pictures displaying her champagne lifestyle and vast sums of wealth.
12/19/2016
Profit replaces risk as big worry among Europe bank regulators
What are the factors affecting the profitability of banks?
12/19/2016
Fifth of fund managers plan to charge extra fee for research
A further 13% said they planned to cover the cost of research with a charge to client collected alongside transaction commissions.
12/19/2016
Ireland to accuse European Commission of exceeding powers in Apple tax dispute
Ireland is appealing against the order to recoup 13 billion euros