02/19/2016
FRSB publishes report into charity fundraising practices
The FRSB's report highlights that Mrs Cooke was a generous supporter of many charities
Legal, Regulation & Compliance
02/19/2016
Barclays to pay $50 million to end U.S. currency rigging lawsuit
It comes three months after Barclays agreed to pay $150 million and fire a senior electronic trading official to resolve similar claims by the New York State Department of Financial Services.
02/18/2016
Police raid Madrid office of China's biggest bank
Over 100 police were involved in the operation, which saw the arrest of five ICBC directors, Europol said in a statement.
02/18/2016
Plus500 insists it faces no further FCA scrutiny
The FCA has written to spread-betting bosses warning it wants to see improvements across the contracts-for-difference industry
02/18/2016
Reform of Guernsey’s Corporate Insolvency Laws - Appleby
As has been widely reported, the Commerce and Employment Department undertook a review of Guernsey’s insolvency laws, both personal and corporate, with significant input from key stakeholders.
02/18/2016
Milan court sentences ex-Valentino chairman for tax evasion
The three denied wrongdoing through their lawyers and will appeal the verdict.
02/18/2016
13 bankers to be sent for trial
The case also involves a hybrid financial instrument called Fresh 2008 which Monte dei Paschi used to partly fund the acquisition of rival bank Antonveneta.
02/17/2016
Appleby Advises LSE listed German property investor
The Firm Placing and Offer for Subscription will raise up to £38 million before expenses.
02/17/2016
European Commission Concedes One-year MiFID II Extension
This delay “is to take account of the exceptional technical implementation challenges faced by regulators and market participants,”
02/17/2016
Offshore Compliance and Regulatory News: Sanctions by Ogier
Nicola Roberts reports on the current Russian Sanctions, their applicability in Jersey and the importance of remaining vigilant.
02/17/2016
JHC welcomes more time for industry to implement MiFID II
With the finalised text not now due until much later in 2016, the delay will give the industry more time to implement it properly.
02/17/2016
King & Spalding repaid $800,000 fees to 'Putin's banker'
The sentencing judgements handed down by Ms Justice Rose have shown that law firm King & Spalding 'repaid' $800,000 worth of fees from Mr Pugachev that were found to be in contempt of a $2bn global freezing order brokered in 2014 by Hogan Lo
02/16/2016
We will not hesitate to act: Draghi
Hints of more easing from Draghi on Monday pushed the euro lower.
02/16/2016
Dentons hires Pinsent Masons private equity specialist
Private equity and M&A partner Levy joins team that includes ex- Clyde & Co and BLP partners
02/16/2016
June deadline for Cayman EU funds passport
This timeframe was confirmed by Garth Ebanks, Deputy Head of CIMA’s Investments and Securities Division, at the Cayman Alternative Investment Summit (CAIS) earlier this month
02/16/2016
Italy's mini-bond rules may be adapted to Islamic finance
Islamic finance has made only marginal inroads in continental Europe, partly because of a lack of a benign tax environment for its asset-based transactions
02/16/2016
Law Society ups the stakes in debate over single legal regulator
Ahead of a government review, the Law Society has called for a single legal services regulator to protect consumers and ensure market confidence in solicitors .
02/16/2016
Legal complications to dull funds' appetite for new Russian bonds
Even if a bond deal were workable, the sanctions concern could raise Moscow's cost of borrowing.
02/15/2016
Bank of England issues consultation on Shari’a compliant central bank liquidity
While modest compared to the broader financial services sector, the concentration of Islamic finance activity in the UK is currently among the largest of any OECD economy
02/15/2016
UK banks expected to pay out £5bn in bonuses
Payouts expected despite slump in bank shares in Europe and thousands of job cuts