08/14/2015
Deutsche Bank shamed again
The shredding of the reputation of Germany's biggest bank continued yesterday as seven Deutsche Bank employees were charged in Frankfurt with evading VAT in carbon market trades.
Legal, Regulation & Compliance
08/14/2015
Nine banks agree to pay $2bn to settle forex rigging suit in the US
Banks accused of foreign exchange rate rigging have agreed to pay major sums of money in settlements to investors
08/13/2015
Luxembourg private foundation
The Bill is being discussed and is expected to be adopted before the end 2015.
08/13/2015
Italy Agrees Details Of Advance Tax Ruling Regime
The Italian Revenue Agency would be required to issue a written reply within 120 days
08/13/2015
FCA gains high court injunction against fund manager and traders
Four of the five defendants were incorporated or resident abroad in Switzerland, the Seychelles and Hungary.
08/13/2015
SS&C Announces Favorable Arbitration Decision in Millennium Actions
The Millennium Action was a GlobeOp legacy dispute that first arose prior to SS&C's acquisition of GlobeOp in June 2012.
08/12/2015
FCA rules out face-to-face recording requirement under EU rules
The Markets in Financial Instruments Directive rules will be introduced by the EU in January 2017.
08/12/2015
RUTH SUNDERLAND: Why the resignation of FCA boss John Griffith-Jones is well overdue
The language used to criticise the Co-op’s conduct is damning in the extreme.
08/12/2015
The new EU succession regulation – how will Switzerland be affected?
It has direct binding effect and will apply in all EU Member States except for the United Kingdom
08/12/2015
FIX Trading Community announces new Regulatory subgroups focused on MiFID
Shared ideas and experience will not only establish tangible guidelines but will enhance compliance through the implementation of industry standards.
08/12/2015
SEC arrests Russian hedge fund manager in unprecedented hacking scheme of unreleased financial news
The SEC has also included NTS Capital as a defendant in the case.
08/12/2015
A rather disturbing benefit of having a good City job
Privately educated City banker who glassed a clubber in a row over his dancing is spared jail because judge says it would hurt his high flying career
08/11/2015
Law firm invests in wealth and pension specialist to boost private client growth
Morton Fraser partner Sue Hunter said: ‘Norman’s recruitment is part of a growth strategy in Morton Fraser’s wealth management team.
08/11/2015
Co-op Bank Avoids £120m Fine Over Near-Collapse
Statements about capital are crucial to readers of banks’ financial statements.
08/11/2015
Greek markets surge as Athens clinches bailout deal
Greek financial markets surged on Tuesday after Athens agreed a multi-billion-euro bailout deal with international lenders.
08/11/2015
Volaw establishes presence in Cyprus
Volaw’s presence in Cyprus is part of a growth strategy that has already seen the establishment of a presence in Zurich
08/11/2015
German watchdog worried over forex manipulation
The upheaval at the banks come as they have faced severe criticism from German regulators
08/11/2015
Half million pound FCA fines against Catalyst directors upheld
Fines totalling half a million pounds levelled against the former CEO and a director of failed traded life settlement investment firm Catalyst have been upheld.
08/11/2015
Barclays exits continue as M&A legal chief departs for International law firm
He specialises in M&A and corporate finance transactions in the financial institutions sector, having previously been Head of the M&A Legal team at Barclays.
08/10/2015
Banks braced for mis-selling bombshell
Big lenders warn of potential multi-billion pound compensation claims in new payment protection insurance scandal