10/30/2015
Isle Of Man to unify financial regulators
Members will serve a five-year term but to ensure a degree of continuity when the new board comes into effect
Legal, Regulation & Compliance
10/29/2015
Investec harnesses the benefits of Euroclear UK & Ireland’s automated fund service
By going live with EUI, IW&I has extended distribution automation from order placement to now include full settlement of unit and related cash movements, as well as holdings reconciliation.
10/29/2015
‘We do not second guess adviser judgements’: FSCS chief
The concern about moral hazard is, to my mind, even harder to justify when it comes to the provision of regulated advice, they know the limitations of their knowledge of financial matters and of product markets.
10/29/2015
Rogue traders named by FCA
The FCA claimed that individuals were using the name and business reference number of authorised firm Lackner Kurt, allegedly to try and dupe people.
10/28/2015
US escalates Deutsche Bank probe into Russian trades
Gina Chon in Washington, James Shotter in Frankfurt and Kathrin Hille in Moscow
10/28/2015
Transitional period for pension fund management VAT changes to be extended, says HMRC
The changes are being introduced following a decision of the Court of Justice of the European Union on this issue.
10/28/2015
FCA Bans Weaving Capital founder Peterson From U.K. Finance Industry As Closure to a Big Scandal
In a report by Investment Week, the Serious Fraud Office investigated Peterson and convicted the ex-hedge fund boss after 12 weeks of trial
10/28/2015
Ex-Rabobank Boss Grilled On Messages Seeking Libor Fixes
Allen, who on Tuesday denied illegally accommodating bank buddies' requests, was on the stand again for cross-examination.
10/27/2015
Staley's Quest for CEO Post May Be Easier Than Running Barclays
Three years later, Jes Staley is the closest he’s ever been to getting a big bank’s chief executive officer seat.
10/27/2015
Lancashire lawyers leave to join rival company
It is a testament to our culture and ambition that we have attracted such high calibre property lawyers.
10/27/2015
Ex-PIMCO Equities CIO Opens Consulting Firm
Virginie Maisonneuve and four former PIMCO equity managers have joined together to launch Maisonneuve Global Advisors.
10/27/2015
MiFID II to signal inducements endgame for UK asset managers
Most vigilant stance possible
10/26/2015
FCA bans former hedge fund boss
The former head of the Weavering Macro Fixed Income Fund committed the frauds between 31 July 2003 and 31 March 2009.
10/26/2015
International law firm adds Real Estate Finance Lawyer in London
He acts for a wide variety of banks, property companies, investment funds, private equity houses and high net worth individuals.
10/26/2015
UK companies ask government not to tinker with pension taxes
A similar number of respondents raised concerns about regulation being drafted by the European Commission.
10/26/2015
Big Swiss banks face tougher capital rules if they grow
His remarks come after Switzerland last week outlined tough new capital requirements for its two biggest banks to protect the economy from a major banking collapse.
10/25/2015
EU rules threaten UK infrastructure investment
Local authority pension funds are currently classified as professional clients, allowing them to invest freely in hedge funds, private equity, property and infrastructure.
10/23/2015
UK Bank Trio Agree $924m Forex-Rigging Bill
Barclays, HSBC and RBS have been hit by another massive bill in the mounting FX-rigging scandal, Sky News can reveal.
10/23/2015
Central banks urged to raise rates as asset bubble fears grow
It is possible that the present environment of ultra-low rates will persist for some time yet.
10/23/2015
EU takes six countries to court over bank bailout scheme
Czech Republic, Luxembourg, the Netherlands, Poland, Romania and Sweden could face fines till legislation is put in order