06/09/2015
Compensation for poor conduct has cost the world's biggest banks £200bn
The cost of compensating customers, paying fines and legal bills for the world’s biggest banks has increased to £200bn
Legal, Regulation & Compliance
06/09/2015
​Putin signs law on offshore assets amnesty
The law on capital amnesty elaborated by Russian Ministry of Finance was approved by Putin on March 25
06/09/2015
Hedge Funds Face $5 Billion Tax as Iceland Unveils New Law
Iceland presented legislation that will let it tax bank creditors trying to exit the $15 billion economy as the government unveils an historic bill to end capital controls.
06/08/2015
Brown Rudnick boosts Paris with restructuring duo
Brown Rudnick has bolstered its Paris team with the hire of partners from French firms De Gaulle Fleurance & Associés and August and Debouzy.
06/08/2015
DOJ readies fresh round of hefty bank settlements
The settlements involve mortgage securities that the banks sold in the run up to the financial crisis.
06/08/2015
Eurozone bank stress tests set for 2016: report
A stress test is a simulation of various scenarios of financial crisis that probes the strength of banks' balance sheets.
06/08/2015
Three Swedish banks accused of mis-selling funds
Nordea, Handelsbanken and SEB are accused of selling funds that could be classed as “closet trackers”
06/08/2015
Asset Management Chief Suggests Companies End Quarterly Reporting
Change in law prompts call for companies to focus on long-term business goals
06/08/2015
Expat pensioners losing out as Government thinks they're dead
Elderly Britons overseas who've missed a deadline to prove they’re still alive have had their pensions stopped
06/08/2015
Banca Monte Paschi Belgio implements Wolters Kluwer regulatory reporting software
OneSumX Regulatory Reporting, part of OneSumX for Compliance, uses a single source of data to help ensure consistency
06/08/2015
Libor Trial Hears Global Banks Submitted Skewed Data
Numerous banks told the British Bankers’ Association they deliberately submitted inaccurate data, court at Tom Hayes trial is told
06/08/2015
Bellpenny completes two more IFA buyouts
Consolidator Bellpenny has completed two more IFA acquisitions bringing an additional £56m in funds under management and more than 250 clients.
06/08/2015
Ombudsman forces managers to make up losses suffered in late transfer
The Pensions Ombudsman has ordered two wealth managers to make up the investment losses incurred by a pensioner on the late transfer of his drawdown fund.
06/05/2015
Lloyds to get record £100m fine for mishandling PPI complaints
Bailed out bank Lloyds is set to be slapped with a record fine by financial watchdogs for mishandling payment protection insurance complaints
06/05/2015
Lloyds bank fined £117m over PPI scandal
Largest ever retail fine
06/05/2015
Luxembourg Signs MoU with Toronto Financial Centre
The visit focused on cross-border expertise
06/05/2015
Premier League Will Drop Barclays Sponsorship
The English Premier League will forego having a sponsor from 2016 on.
06/05/2015
Kirkland partner losses continue as capital market star joins Freshfields
Kirkland is one of the most competitive partnerships as regarding paying its partners and lateral hires.
06/04/2015
GFSC consults on the regulation of personal pension schemes
The paper has been developed at the request of HM Government of Gibraltar and is designed to support the further development of the market for personal pensions and ensure that personal pensions continue to be subject to appropriate regulation and investo
06/04/2015
UBS leads business move to Jersey International Financial Centre
The Property Team at leading offshore Law Firm, Mourant Ozannes, has recently advised UBS AG Jersey in relation to an agreement with States of Jersey Development Company to lease Grade A office premises at the high-profile new Jersey International Financi