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Legal, Regulation & Compliance

04/04/2017

Court Authorizes Service of John Doe Summons Seeking Information About Dutch Residents Using American Express Cards Linked to Non-Dutch Bank Accounts

The treaty allows the two countries to cooperate in exchanging information that is helpful in enforcing each country’s tax laws.

04/04/2017

FCA proposes new rules for credit card firms to help millions of customers get out of persistent debt

New customers will be given the choice of how increases will be offered

04/04/2017

The expanding scope of individual accountability for corporate misconduct

Conduct issues give rise to competing tensions within firms.

04/04/2017

Hysteria over negative sterling story will fade in 2017, says hedge fund manager

Looking at the other side of the coin, the long-term macro hedge fund specialist told CNBC that although the dollar is overvalued, the fundamentals which have produced that dynamic have not changed recently.

04/03/2017

Banks Snubbing Belgian Diamond Trade: AWDC

The banks’ rationale is that the diamond trade carries a high risk, the AWDC said.

04/03/2017

HSBC’s new compliance rules require clients to provide more account information

Increased information disclosure is part of bank’s rigorous compliance plan to meet enhanced anti-money-laundering requirements in the US and Europe

04/03/2017

Lloyds chiefs ‘knew about and covered up £1billion fraud that left customers bankrupt’

A senior banker at Halifax Bank of Scotland and five associates have been jailed for the scam that began in 2003

04/03/2017

European growth, regulatory changes drive asset moves

The global financial crisis left asset owners in Europe with no appetite for more volatile asset classes.

04/03/2017

FCA study prompts OMGI to overhaul 'Cirilium' fees

The change illustrates the pressure on asset managers to become more open around fees.

04/03/2017

SJP ups maximum bonus for exec directors

Both its executive and non-executive directors have also received a 3% increase in base salary this year.

04/03/2017

Scottish Widows launches DB transfer guidance service

To meet this demand, Scottish Widows announced it had created a "digital toolkit" to help advisers meet the growing demand for defined benefit transfers.

03/31/2017

Herbert Smith Freehills - Financial regulation update

FCA Primary Market Bulletin No. 17

03/31/2017

Keeping up with the credit sector: the FCA’s view on the market today

Speech by Jonathan Davidson, Director of Supervision – retail and authorisations at the FCA, at Credit Summit in London.

03/31/2017

FCA fines former investment banker for sharing confidential information over WhatsApp

The details of the information he shared included the identity of the client, the details relating to the client mandate and the fee Jefferies would charge for their involvement in the transaction.

03/31/2017

Luxembourg says has legal right to host relocating EU banking body

The European Commission has suggested last week that one option could be to move the body to Frankfurt

03/31/2017

Dutch regulator clears Chesnara-L&G Nederland deal

The increase in value includes an increasingly material contribution from new business profits in Sweden where we have delivered our best ever results.

03/31/2017

U.K.'s Pensions Regulator outlines guidance for corporate pension plan trustees

The guidance includes examples of approaches and factors that trustees should consider when investing DB assets.

03/31/2017

EU response on state aid to arrive soon for the two Veneto banks

The message means that attention is being paid to the process and its timing.

03/31/2017

Linklaters signs up with Obelisk to access flexible lawyer pool

Obelisk’s offer makes sense for our lawyers and our clients alike

03/31/2017

Jail for solicitor who plundered £4m from clients and Church of England

Sums of illegally obtained cash also went on funding mortgages for relatives, private school fees for her grandchild and landscaping work at her home.

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