04/20/2016
UK’s FCA Warns Public that Explore Markets Ltd is not Authorised
Exploremarkets.com purports to be FCA registered, but is in fact not.
Legal, Regulation & Compliance
04/20/2016
Eu mulls crackdown on banks offshore tax advisers after Panama Papers
The EU executive is reviewing anti-money laundering rules and is expected to make legislative proposals by June.
04/20/2016
£70m boiler room scam masterminds ordered to pay £11m compensation
The masterminds behind what is thought to be Britain's biggest "boiler room" scam have been ordered by the Serious Fraud Office to pay £11 million in compensation for tricking British investors out of more than £70 million.
04/20/2016
Pru moves closer to £100m refund in long-running tax saga
The legal challenge is part of multiple hearings in which companies are trying to recover tax paid decades ago.
04/20/2016
EU referendum: voteless expats being punished for exercising freedom of movement, High Court hears
The legal action was launched by Harry Shindler, a 94-year-old war veteran who has lived in Italy since 1982, and Jacquelyn MacLennan, a British lawyer who lives in Belgium.
04/20/2016
Italian banks have a $350B problem: Top hedge fund manager
Italian banks must tackle a 300 billion euro ($341 billion) load of non-performing loans, the co-founder of a hedge fund with a base in Milan told CNBC on Tuesday.
04/19/2016
ABN AMRO Surfaces in Panama Papers with Controversial Loans
Trouw and Financieele Dagblad are the two Dutch newspapers involved in the investigation into the Panama Papers
04/19/2016
Are high-frequency traders anticipating the order flow?
Cross-venue evidence from the UK market
04/19/2016
Turkey to integrate its financial market infrastructure with the European Union
This is an opportunity that will contribute to much-needed depth in Turkish capital markets.
04/19/2016
For Deutsche Bank, Justice Delayed
Mr. Noll had said prosecutors had failed to prove the allegations against the five men
04/19/2016
Ogier’s Luxembourg team ‘punches above its weight’ according to latest industry analysis
The Luxembourg team, which was established in 2012 and is the only office of a Channel Island law firm in the City, has a ‘very commercial and client-oriented approach’, Legal 500 notes in its 2016 rankings for Europe, Middle East and Africa.
04/19/2016
Madras High Court Sustains Provision Against Foreign Tax Havens
The Madras High Court on Tuesday paved the way for taxing investments from Cyprus as it upheld the central government's decision to classify Cyprus as noticed jurisdictional area.
04/18/2016
CVC, QIA and Brookfield drop $8.5bn Sainsbury's bid
Sky said the trio had dropped a planned takeover, hatched in the autumn, after Sainsbury's made a 1.4 billion pound ($2 billion) bid for Home Retail Group, the owner of Argos.
04/18/2016
Under Fire From Germany, European Central Bank To Defend Independence
The European Central Bank, increasingly under fire in Germany over its ultra-loose monetary policies, will likely go out of its way to defend its independence at next week's governing council meeting
04/18/2016
Banker Unrest Threatens Credit Suisse, Deutsche Bank Turnarounds
Shares for both banks are down more than 30 percent this year, touching their lowest prices in decades.
04/18/2016
Costly EU regulation has not made financial services safer or better – but Brexit is no silver bullet
The City is split when it comes to Brexit. Certainly, the larger City institutions with significant EU business tend to side with Remain.
04/18/2016
Wealth manager is struck off by the FCA
The notice stated the firm has not been open and co-operative in all its dealings with the regulator, in that it has failed to respond adequately to repeated requests for it to submit the RMAR.
04/18/2016
Regulators propose three-point plan to tackle fund liquidity risk
The paper reviews the current regulatory requirements on investment funds, while also exploring the use of complementary market based liquidity risk management tools including swing pricing, dual pricing, dilution levies and temporary borrowing from non-g
04/18/2016
Linklaters ramps up City promotions as 24 make partner
The size of the global promotions round is one up on 2015, when 23 Linklaters lawyers made partner, and is three up on 2014 when just 21 lawyers made partner.
04/17/2016
Herbert Smith Freehills - Financial regulation update
FCA Occasional Paper on HFT