04/21/2016
The Bank of England needs to speak up on Brexit
Only by producing a leave and remain forecast will the bank show it is taking its mandate seriously
Legal, Regulation & Compliance
04/21/2016
Asset Management Team of the Year: Simmons & Simmons
The practice was also brought on board to advise the London branch of Commerzbank as the fund manager of the first UK-domiciled exchange-traded fund on the London Stock Exchange for the China Construction Bank.
04/21/2016
FCA asks advisers for year's worth of recommendations
The FCA has also asked IFAs whether they record rebalancing investments as part of personal recommendations that would fall on the advice register.
04/21/2016
ICBC Standard Bank selects Fenergo Client Lifecycle Management platform
By implementing Fenergo’s Client Lifecycle Management solution, ICBC Standard Bank will benefit from a highly optimized process that ensures global compliance and improves operational efficiencies.
04/21/2016
Supreme Court judgment on what is a "collective investment scheme"
The UK Supreme Court has held that activities related to sales of individual plots at six possible development sites in various parts of the United Kingdom amounted to a collective investment scheme under section 235 FSMA. In so doing the Court affirmed t
04/21/2016
EDCAB leads discussions as industry and policymakers come together to discuss future of virtual currencies and blockchain in Europe
This is an important step in building legitimacy for the sector and industry agreed on the need to be transparent about how they manage risk and work with policymakers to educate and build public confidence.
04/21/2016
Dechert fails in final bid for public hearing on £6.6m fee dispute
Dechert denies the allegations, arguing that it needs to cite legally privileged material to defend itself
04/20/2016
Fund managers warned to stay off golf course
We are publishing our key findings from the 2015 thematic review about benefits provided and received by firms conducting MiFID business, and those carrying out regulated activities in relation to a retail investment product.
04/20/2016
UK’s FCA Warns Public that Explore Markets Ltd is not Authorised
Exploremarkets.com purports to be FCA registered, but is in fact not.
04/20/2016
Eu mulls crackdown on banks offshore tax advisers after Panama Papers
The EU executive is reviewing anti-money laundering rules and is expected to make legislative proposals by June.
04/20/2016
£70m boiler room scam masterminds ordered to pay £11m compensation
The masterminds behind what is thought to be Britain's biggest "boiler room" scam have been ordered by the Serious Fraud Office to pay £11 million in compensation for tricking British investors out of more than £70 million.
04/20/2016
Pru moves closer to £100m refund in long-running tax saga
The legal challenge is part of multiple hearings in which companies are trying to recover tax paid decades ago.
04/20/2016
EU referendum: voteless expats being punished for exercising freedom of movement, High Court hears
The legal action was launched by Harry Shindler, a 94-year-old war veteran who has lived in Italy since 1982, and Jacquelyn MacLennan, a British lawyer who lives in Belgium.
04/20/2016
Italian banks have a $350B problem: Top hedge fund manager
Italian banks must tackle a 300 billion euro ($341 billion) load of non-performing loans, the co-founder of a hedge fund with a base in Milan told CNBC on Tuesday.
04/19/2016
ABN AMRO Surfaces in Panama Papers with Controversial Loans
Trouw and Financieele Dagblad are the two Dutch newspapers involved in the investigation into the Panama Papers
04/19/2016
Are high-frequency traders anticipating the order flow?
Cross-venue evidence from the UK market
04/19/2016
Turkey to integrate its financial market infrastructure with the European Union
This is an opportunity that will contribute to much-needed depth in Turkish capital markets.
04/19/2016
For Deutsche Bank, Justice Delayed
Mr. Noll had said prosecutors had failed to prove the allegations against the five men
04/19/2016
Ogier’s Luxembourg team ‘punches above its weight’ according to latest industry analysis
The Luxembourg team, which was established in 2012 and is the only office of a Channel Island law firm in the City, has a ‘very commercial and client-oriented approach’, Legal 500 notes in its 2016 rankings for Europe, Middle East and Africa.
04/19/2016
Madras High Court Sustains Provision Against Foreign Tax Havens
The Madras High Court on Tuesday paved the way for taxing investments from Cyprus as it upheld the central government's decision to classify Cyprus as noticed jurisdictional area.