11/02/2016
Ulster Bank is most fined financial institution in Ireland
Central Bank’s fine of €3.3m imposed for breaches of anti-money-laundering protocols
Legal, Regulation & Compliance
11/02/2016
Bill Gross to manage total return strategy at Janus
Gross already sub-advises a total return bond fund for Old Mutual Global Investors
11/02/2016
Competition watchdog criticised by MPs over bank reform
Treasury select committee chair accuses Competition and Markets Authority of ‘dropping the catch’
11/02/2016
FCA bans six men over £4.3m landbanking Ucis scam
The land is often left undeveloped because of legal or historical reasons, leaving investors out of pocket.
11/02/2016
‘Killers having lunch’: The real life Wolves of Wall Street
Finance: Out of Control?
11/02/2016
Deutsche Bank, Morgan Stanley & Co. International plc, Nomura International plc and SocieteGenerale, have responded to investors’ demands for standardisation of repackaging transactions
The primary goal of the project is to establish an industry-standard approach to the documentation of repackaging transactions.
11/02/2016
E-Declarations Reveal Ukrainian Elites’ Extravagance
Ukrainians are shocked at the wealth gap between citizens and their elected representatives
11/01/2016
European banks stuck with $1.3 trillion of bad loans: KPMG
Firms could take decades rather than years to reduce their exposures, hampering profitability.
11/01/2016
German Body Rules on Accounting Treatment for Supply Chain Finance
Supply Chain Finance and Dynamic Discounting programs are widespread financing solutions that are currently already actively used by more than S & P companies
11/01/2016
International law firm crowdfunds Brexit help service
The BASe portal has been crowdfunded with clients already signed up including Australia’s Lendlease and UK mutual insurance company Royal London.
11/01/2016
Access to Financial Services in the UK by Christopher Woolard, FCA
Speech by Christopher Woolard, Director of Strategy and Competition at the FCA, delivered at Access to Financial Services: Launch of FCA Occasional Paper.
11/01/2016
MiFID II – FCA MIS confidentiality agreement
The FCA has published a Market Interface Specification (MIS) confidentiality agreement.
11/01/2016
Fundraising Regulator publishes FAQs on new fundraising requirements - Withers
(Protection and Social Investment) Act 2016 (the 'Act'), which come into force on 1 November 2016.
11/01/2016
FCA prohibits six individuals for their part in unauthorised collective investment scheme
The scheme led to over 100 investors losing just under £4.3 million and the individuals who operated the scheme received sentences totalling more than 30 years.
11/01/2016
Italian banker drops rival rescue plan for Monte dei Paschi
Passera's withdrawal leaves Monte dei Paschi, the country's weakest major lender, tied to a plan drawn up and backed by investment bank JP Morgan to sell some 28 billion euros ($31 billion) in bad loans and raise 5 billion euros in new capital.
11/01/2016
Debevoise Advises Polyus Gold in its $500 million Eurobond Offering
The team also included international counsel Vera Losonci, and associates Laurence Hanesworth, Timur G. Ochkhaev, Christopher Salz and Daria A. Serebrova.
11/01/2016
Top law firm partner who handed associate lover £550,000 chunk of client’s estate struck off
A top private client lawyer used his position as the sole executor of a will to increase the amount of inheritance received by an associate
11/01/2016
Pinsent Masons calls for clearer regulatory guidance on robo-advice
Robo advice tools have the potential to help address the UK's 'advice gap' that was highlighted in the Financial Advice Market Review, published in March 2016.
11/01/2016
FCA orders wealth firm to stop taking new money
According to a brochure released by Greyfriars, Portfolio Six is a discretionary managed investment portfolio made up of ‘non-correlated investments’ including corporate bonds.
11/01/2016
BDO Jersey joins forces with Greenlight CI and Sator Regulatory Consulting
Greenlight CI is a change management consultancy business that has, since 2008, provided Channel Island clients with a range of services related to assessing their current situation