06/16/2015
French judges cuts 1 bln euro HSBC bail in tax fraud case- source
That sum would have been nearly half the value of HSBC's alleged fraud of 2.2 billion euros
Legal, Regulation & Compliance
06/16/2015
Debevoise Advises Management in Balta Acquisition
The transaction is expected to close at the end of August.
06/16/2015
UK regulator restricts sale of high risk securities to retail investors
Final rules restricting the promotion of complex regulatory capital instruments to individual investors will come into force when temporary restrictions expire in October
06/15/2015
Iceland is out of the woods but the financial system is still dangerous, says PM
The country is starting to lift the crisis-era capital controls that have been in place since 2008
06/15/2015
HMRC wins millions from Abbey National avoidance case
This is the latest result in a series of tax tribunal wins for HMRC
06/15/2015
New EU rules may hasten commodity liquidity flight
Many commodity firms may also need to be authorised and be compelled to hold capital reserves in the same way as banks are required to do.
06/15/2015
Bank reform must reflect changes since crisis, says Liikanen
Erkki Liikanen, architect of European bank reform, says policymakers should take into account "every single step" of reform before implementing new rules
06/15/2015
Gayle Killilea ‘needed’ €19m hotel sale to fund UK deal
Hotel was part of €100m in assets transferred from Seán Dunne, South Africa court hears
06/15/2015
Brexit could drive fund groups from UK to Europe
Firms told the Sunday Times they could be required to move their businesses to countries such as Ireland and Luxembourg
06/14/2015
UK judge dismisses claim by jailed former Leeds Utd boss against GFH exes
An application lodged by David Haigh to have two senior executives of Dubai's GFH Capital arrested has been dismissed by a UK court.
06/12/2015
Former Anglo Irish Bank execs directed to attend Banking Inquiry
Both were notified three weeks ago they would be called. It is understood they have each acknowledged the correspondence from the inquiry, although they have not confirmed their attendance.
06/12/2015
Future of Ulster Bank in doubt once again
The long-term future of Ulster Bank has once again been thrown into doubt after the British government said it will return the bank's parent to private hands.
06/12/2015
Deutsche Bank raids 'related to tax evasion'
The allegations centre around so-called "dividend stripping"
06/12/2015
International law firm hires first US securities partners
This core offering differentiates the firm’s London-based regulatory and advisory capabilities for its investment banking clients, giving it deep insight into underwriters, both in terms of executing transactions and advising on US, UK and European
06/12/2015
International law firm seals full merger with one of Germany’s leading commercial law firms
The firm and its worldwide offices have over 4,000 people who provide services to the private and public sector and business and finance communities.
06/12/2015
Northern Trust Launches New SORP Reporting Solution
The latest development is aimed to support UK and Irish pension schemes
06/12/2015
Libyan factions reach pact to protect Goldman Sachs lawsuit
Two sides in power struggle for control of Libyan Investment Authority agree to appoint lawyers to take cases against Goldman and Societe Generale foward
06/12/2015
Mario Draghi denies ECB giving privileged information to hedge fund managers
European Central Bank (ECB) president Mario Draghi has denied accusations that one of ECB’s board members gave market-sensitive information hours before they were made public to select hedge fund managers and bankers
06/12/2015
European regulators battle with derivatives reporting
One of the biggest challenges encountered so far is that EMIR requires both counterparties to a trade
06/12/2015
IFAs need to get to grips with Mifid II now, warns consultant
Advisers need to get to grips with the EU’s Markets in Financial Instruments Directive (Mifid II) now in order to make sure their businesses are ready for its introduction in 2017