07/20/2015
NCI warns Mifid II could force out boutique asset managers
The investment management community and especially the ‘boutique’ community find that the regulatory burden imposed upon us by the EU is so expensive
Legal, Regulation & Compliance
07/20/2015
Barclays Welcome Mat Worn Out as U.K. Watchdog Visits 186 Times
Four out of five days in any given week last year, Barclays Plc bankers were probably rubbing shoulders with FCA investigators as the regulator visited the U.K. bank more than any other.
07/20/2015
It's time to reward the good behaviour within the financial services industry by PwC
In an attempt to change behaviours within the financial services industry, regulators, governments and firms have mostly focused their efforts on deterring the few that might behave inappropriately. Yet the industry continues to be plagued by scandal and
07/20/2015
UK fund managers face £2bn bill for EU regulation
‘Total on-going maintenance costs, allowing for the continuation of cross-border marketing, could be near €1.4 million per year.’
07/19/2015
Dawn raids fall as FCA shifts focus - FT
“The FCA is doing a great job with the headline-grabbing scandals but it needs to focus on the smaller issues too or it will face a huge task of cracking down on a backlog of smaller illegitimate investment schemes in the future,” Mr Burger sa
07/17/2015
Criminal charges loom over facilitating tax evasion
Companies that facilitate tax evasion are set to face criminal charges under plans unveiled ahead of an “unprecedented step change
07/17/2015
Deutsche Bank Executives Named by German Regulator in Rate Probe
Jain oversaw the investment bank when the manipulation attempts took place.
07/17/2015
Guernsey Companies Listing in the UK
In this briefing note, senior associate Chris Hutley-Hurst looks at the key advantages of using a Guernsey company as the vehicle for an LSE listing.
07/16/2015
South West firm of solicitors expand into Middle East
“With international economic sanctions being gradually lifted on Iran, this leaves the door open for UK and international businesses to begin trading in this part of the Middle East and vice versa.
07/16/2015
Morgan Lewis enhances London Investment Management services
His arrival builds on recent additions to the firm’s London office
07/16/2015
BNP Paribas Securities Services Wins T2S Custody and Post Trade Mandate
The mandate will see BNP Paribas, a directly connected T2S participant, provide BPM Group with settlement and custody services, allowing them to enjoy the benefits of the new platform without the associated adaptation costs.
07/16/2015
Wheatley: FCA will not go hunting for scalps
It includes the senior managers regime, through which the FCA will approve senior figures individually
07/16/2015
FCA joins Deutsche Bank anti-money laundering probe
Deutsche Bank remains under so-called “special measures” instigated by the FCA after a raft of regulatory issues, including the Libor-rigging scandal.
07/16/2015
Ex-Lloyds adviser found guilty of £260k fraud against elderly client
A former Lloyds adviser has been found guilty of defrauding an 88-year old client out of £260,000.
07/16/2015
EU banks face new stress tests
The 2016 EU-wide stress test will however, build on the lessons learned from previous exercises
07/16/2015
FSCS pays out £327m in compensation to consumers SIPP-related claims in 2014/15 increase
The Scheme received more than 53,000 new claims in 2014/15
07/16/2015
Switzerland and Germany: clarification with respect to market access for banks
Final clarifications have been made regarding the Memorandum on the cross-border provision of financial services agreed between the finance ministries of Germany and Switzerland in 2013.
07/15/2015
Deutsche Bank Inquiry Deepens as New York Seeks Moscow Memos
The formal request for information, which was sent last week, the person said, marks a deepening of the New York State Department of Financial Services’ probe into Deutsche Bank’s activities in Russia.
07/15/2015
South East law firm has expanded private client team
She undertakes the creation and rearrangement of trusts; business protection planning for entrepreneurs and owner-managed businesses; and the set up and administration of philanthropic and other charitable organisations.
07/15/2015
US regulators warn RBS it could pay $13 billion over lawsuit
Bank is seeking to have case over its handling of mortgage securities dismissed