02/24/2016
Proposed master trust legislation must strike a balance
In an ideal world, the final rules will protect members against weak or fraudulent trusts
Legal, Regulation & Compliance
02/23/2016
Wealth manager WH Ireland takes fine, block on new clients
The FCA found that between 1 January and 19 June 2013, WHI failed to ensure it had the proper systems and controls in place to prevent market abuse being detected or occurring. WHI's failings, which amounted to a breach of Principle 3, included:
02/23/2016
Germany’s Deutsche Bank in crisis
The very fact that Cryan felt the need to make such a statement was seen as a sign of weakness.
02/23/2016
New international law firm launches
The new firm also features a strong focus on key global sectors to provide clients with in-depth experience and expertise specific to their industries, including advanced manufacturing, energy, financial services, infrastructure, life sciences, natural re
02/23/2016
KWM to leave Europe top job empty until end of the year
An ongoing divisional restructure is set to deliver big changes to the Hong Kong-based firm's practice groups in the UK and EMEA region.
02/23/2016
Asset managers risk reputation by 'sweeping market abuse regulation under the carpet'
Failing to prioritise 'critical' regulation
02/22/2016
City watchdogs investigate financial age discrimination
The FCA may for the first time create special rules to protect the interests of the elderly
02/22/2016
Barclays accused of making 346 million pounds in ‘sham’ payments to Qataris
PCP's London lawsuit, which seeks £720 million in damages plus interest and costs
02/22/2016
Extra £2bn PPI penalty dashes Lloyds dividend hopes
The provision for further payment protection insurance claims will come with Lloyds’ annual financial results, and is expected to push the lender into the red for the final quarter of 2015.
02/22/2016
HSBC’s Asia hiring practices probed by SEC
Based on the facts currently known, it is not practicable at this time for HSBC to predict the resolution of this matter, including the timing or any possible impact on HSBC, which could be significant.
02/22/2016
Decade of dominance for Carey Olsen in advising LSE clients
In Jersey, the firm advised on the Main Market IPO of Project Finance Investments Limited which raised £106 million.
02/21/2016
Six arrested in ICBC money laundering case ordered to jail
The court said in a statement that all six were suspected of having committed "several economic crimes", without giving any further details.
02/19/2016
Iran's Bank Mellat to pursue damages against Britain after winning EU ruling
The court rejected an appeal brought by the bloc against a lower court ruling.
02/19/2016
Italian law firm announces plans to open new office in London
He specialises in M&A, private equity and real estate.
02/19/2016
ESMA Publishes Translations Of Its Transparency Directive Standard Form For Home Member State
The purpose of the form is to simplify the filing procedure for issuers and to provide national authorities with a consistent set of information.
02/19/2016
European financial watchdog logo used by fraudsters
The European Securities and Markets Authority also said the name of a senior member of staff has been used in attempted scams targeting a savings bank and listed issuer.
02/19/2016
Why Regulators Are to Blame for the MiFID II Delay
The other part of the problem is the complete lack of vision and courage among U.S. and European politicians and regulators — a global recession might have needed a global, coordinated response.
02/19/2016
Regulation round-up February 2016 - FCA
Regulation round-up is our monthly email to all regulated firms, updating you on the latest news that affects your sector.
02/19/2016
Blackadders gains presence across Scotland with merger
The merged practice will have 25 partners and over 250 staff and will trade under the Blackadders banner.
02/19/2016
FCA raises concerns about advisers' platform due diligence
Platform due diligence is lacking