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Legal, Regulation & Compliance

10/26/2016

To join or not join: the role of trustees in Family proceedings - Withers

Offshore trustees may find themselves in a quandary when faced with an application that they be joined to proceedings as they have to balance the interests of at least one of the two spouses against their duties to the other beneficiaries.

10/26/2016

GFSC to launch major probe into Enterprise Insurance and its Directors

The GFSC has reason to believe that it may have been significantly and consistently misled about Enterprise’s true financial position.

10/25/2016

Robeco signs up to Taiwan ESG code

Taiwan is an important geography for Robeco.

10/25/2016

Revenue and profit up at Clarion

Profit also increased in the last financial year, rising to £3.48m.

10/25/2016

Watford face fine and points loss over forged HSBC bank letter

Fabricated to appear as though it was written by HSBC, one of the world’s largest banks, the letter was submitted to the Football League

10/25/2016

CRD IV – RTS for benchmarking portfolio assessment standards and assessment sharing procedures

The European Commission has published a delegated regulation supplementing the fourth Capital Requirements Directive (CRD IV). It contains regulatory technical standards (RTS) for benchmarking portfolio assessment standards and assessment sharing procedur

10/24/2016

Brussels event blasts poor-value fund products

Industry accused of overcharging their clients and failing to put investors first

10/24/2016

French bank sued over Gulf tycoon’s signature

A pair of aggressive American hedge funds is suing the French bank BNP Paribas

10/24/2016

Credit Suisse and Italian authorities agree to settle after offshore transfer investigation

A number of unnamed Credit Suisse executives were under investigation by the prosecutors in Italy for alleged money laundering activities.

10/24/2016

U.S. to seek ex-HSBC executive's extradition from Britain

The probe led to four banks last year pleading guilty to conspiring to manipulate currency prices.

10/24/2016

Central Bank Austria Claims To Have Audited Gold at BOE. Refuses To Release Audit Reports And Gold Bar List

The Austrians decided to eventually have 50 % of their gold on own soil by 2020

10/24/2016

Treasury expected to water down reforms on offshore trusts

Government reconsiders removing exempt status from trusts

10/24/2016

Bankers should leave champagne on ice for a while

Goldman Sachs will now open an account for you if you have one dollar and lend you up to $30,000

10/24/2016

Dogs still rule at Metro Bank as it eyes profitability

It has confounded critics with a successful market float earlier this year and remains on track to swing into profit.

10/24/2016

Finland’s Millionaire Premier Freezes Pay in Bid to Save Economy

Prime Minister wants to freeze pay, but boost productivity

10/21/2016

Bank Legal Costs Cited as Drag on Economic Growth

Fines on banks translate into $5 trillion of ‘reduced lending capacity

10/21/2016

Brexit negotiators are 'in cloud cuckoo land', says man who negotiated Britain's EU rebate

As deputy secretary at the Treasury in charge of international affairs the civil servant was tasked with solving the budget problem.

10/21/2016

Octopus Apollo VCT plc : Half-yearly report

This should have reported an increase of 0.85%.

10/21/2016

FCA orders lenders to refund overcharged mortgage arrears customers

The automatic inclusion of arrears balances in customers’ mortgage payments lacks transparency and can lead to harm.

10/21/2016

Updates from Britain's biggest banks expected to reveal further PPI scandal hit

Britain's biggest banks are expected to reveal another mammoth hit from the payment protection insurance scandal in next week's third quarter updates.

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