03/16/2016
Former equities trader pleads guilty to insider dealing
Former equities trader pleads guilty to insider dealing
Legal, Regulation & Compliance
03/16/2016
Former IFA given two extra years in jail
He was made bankrupt on 30 January 2013 and at the time the Confiscation Order was made, it was accepted that he had no assets available to him to satisfy it.
03/16/2016
Slaughter and May is advising Oddo & Cie - disposal of Kleinwort Benson wealth management business
Subject to regulatory approvals, Kleinwort Benson will be combined with Société Générale Private Banking Hambros to create one of the leading private banks in the UK.
03/16/2016
Hogan Lovells Advises M&G Real Estate on the Largest Ever City Centre Office Development Outside of London
On completion at the end of 2018, it will comprise 385,000 sq ft of office space and 35,000 sq ft of retail and leisure, housing around 4,000 workers.
03/16/2016
WMA: Brexit could ramp up UK regulation
Currently their UK authorisation allows remote or in-person access to clients in other member states subject only to notifying the local regulator
03/16/2016
Credit Suisse Accused of Money Laundering in Wealth-Manager Case
The complaint is based on hearings, a review of the evidence as well as information received from MROS, Switzerland’s Money-Laundering Reporting Office, the lawyers wrote.
03/15/2016
Adviser says redefining advice is a waste of time
This would bring the definition of regulated advice in line with Mifid rules.
03/15/2016
Momentum UK responds to recommendations from the Financial Advice Market Review
Clearly people need professional advice and guidance to help address this issue – but it cannot come at an exorbitant or exclusive cost.
03/15/2016
Germany Says Proposed MiFID Market-Rules Delay Comes Up Short
The finance ministry instead is calling for a set of deadlines tied to whenever the final rules take shape, according to a paper sent last week to negotiators from EU nations.
03/15/2016
Guide to Public Offering of Companies in Guernsey, Isle of Man and Jersey - Appleby
This Guide is a summary of the law and procedures relating to private trust company (PTC) structures in Guernsey.
03/15/2016
Wealth managers warn MiFID II reporting demands will raise costs
Panic selling also a risk
03/15/2016
Trader arrest said linked to Russian probe of Deutsche Bank
His arrest is linked to transactions that involved the bank, said the people, who asked not to be identified because they’re not authorized to speak with journalists.
03/15/2016
Plans for major bank shake-up
These changes affect only the largest banking groups worth £25bn.
03/14/2016
UK Companies: Beneficial Owners Register/Persons with Significant Control
Important update for all directors, trustees and beneficial owners of UK companies and Limited Liability Partnerships.
03/14/2016
ECB’s Cheap Loans Highlight Rift Among Europe’s Banks
Measure is welcomed in Southern Europe but criticized in Germany
03/14/2016
Regulator prepares for funds influx
The Central Bank is in discussions with a number of international investment companies, in preparation for an influx of investment managers into Ireland if the UK votes to leave the EU.
03/14/2016
FCA proposes reforms to close ‘advice gap’
Financial Conduct Authority has outlined big changes to boost the ability of banks and independent financial advisers to serve the mass market.
03/14/2016
Belgium’s Ageas in 1.2b euros settlement plan over Fortis
The Belgian-Dutch Fortis group was dismantled and partly nationalised in October 2008 during the global banking crisis
03/11/2016
ADGM, Luxembourg ink agreement
"The signing of a MoU on bilateral cooperation reflects the magnitude of efforts undertaken by the Ministry, as well as the importance of the UAE-Luxembourg Council for Islamic Finance Cooperation."
03/11/2016
Draghi offers bank sweetener to encourage lending
Senior bankers had warned this week that negative rates would further weaken their profitability, while bank shares and bonds fell sharply earlier this year on similar concerns.