06/02/2016
Jumping the gun - HMRC's increasing trend towards penalties for 'deliberate' errors
It’s a simple error – you pick up the wrong form, fill it in, and send it off to the authorities. In most cases you can fill in a new one, and hey presto – the mistake is rectified. But sadly not when it comes to applying for tax relief
06/02/2016
Memorandum of Understanding between PRA and Jersey Financial Services Commission
The purpose of the MoU is to establish a formal basis for co-operation, to facilitate timely and effective supervision and resolution, to identify risks to the financial system and to address emergency/crisis situations, especially in instances which invo
06/02/2016
CT Capital fined £2.3m for shoddy PPI complaints handling
Between 2005 and 2008, the group had sold 31,591 regulated PPI policies, receiving approximately £63 million net in commission as a result.
06/02/2016
Charity Commission's report provides guidance to trustees on working with professional fundraisers and fundraising costs - Withers
Our Local Heroes Foundation (the 'Charity') was set up to relieve the financial hardship of people who have served in the armed forces and are in need by making grants.
06/02/2016
And it was announced they would seek to make £350million of annual savings through cuts, involving slashing 1,250 jobs.
06/02/2016
The second RTS, relevant to the MiFID II Directive, specify the criteria according to which a trading platform will be considered to be material in terms of liquidity.
06/01/2016
Carsten Kengeter criticizes French government after country’s finance minister and central bank chief raise concerns over the tie-up
06/01/2016
The European Securities and Markets Authority (ESMA) has published an opinion in response to the European Commission's request that ESMA amend its draft regulatory standard 20 under the Markets in Financial Instruments Directive (MiFID II) and Regula
05/31/2016
The UCITS V provisions seek to address certain perceived weaknesses in the UCITS regime, particularly following the Madoff fraud and the default of Lehman Brothers.
05/31/2016
Italy has emerged as the most vocal critic of the proposals, which disproportionately affect its domestic banking system.
05/30/2016
My Week: From an oligarch’s troubles, to a gathering of the City’s most powerful bankers at Chelsea Flower Show
05/30/2016
The deal still needs to be cleared by a number of regulatory authorities, including the European Central Bank, the Bank of Spain and the Bank of Italy.
05/30/2016
'It’s not the bureaucracy, it’s not the police, it’s not the politics but what is corrupt is the financial capital'
05/30/2016
The firm will trade as ‘Linder Myers, part of Metamorph Law’ from its Spring Gardens office in Manchester, as well as its bases in Lytham, Chester and Shrewsbury.
05/30/2016
Now it will also investigate how many pension schemes are at risk of failing.
05/27/2016
It’s disappointing that the Bank has stuck to its soft policy on bank capital.
05/27/2016
By signing the administrative agreement, the FCMC and ABLV Bank have agreed on amicable settlement to terminate the administrative matter initiated by the FCMC.
05/26/2016
Regulatory proceedings are usually adjourned when there is a parallel criminal trial to avoid publicity that would interfere with the right to a fair trial.
05/26/2016
The PRA has published a supervisory statement (SS6/16) on recalculation of the "transitional measure on technical provisions" (TMTP) under Solvency II.
05/26/2016
The buffer, which will be applied starting in 2019, is intended to beef up banks’ resilience and reflects the economic damage that would be caused if they curtailed lending.