02/09/2015
US Probe Of Barclays, UBS Widens Forex Trading Investigation
Currency-linked investments marketed by Barclays PLC and UBS AG are under the scanner of the US Department of Justice
Legal, Regulation & Compliance
02/09/2015
International law firm announces new Managing Partner
Marcus has considerable experience in the management of the firm, helping to develop the firm's international offices; and for the last year has been the President of the UK Chamber of Shipping.
02/09/2015
Ombudsman orders Sippcentre to pay £13k for transfer delay
AJ Bell’s Sippcentre has been ordered to pay almost £13,000 into a consumer’s self-invested personal pension for delaying a pension transfer by around four weeks
02/08/2015
Consolidation surges in UK wealth management
Pricing pressures, low interest rates and additional regulation have combined to prompt consolidation in the wealth management industry as companies rush to exploit potential cost savings.
02/08/2015
Jersey Finance responds to Labour’s proposals on offshore tax evasion
Jersey has captured beneficial ownership information on a corporate registry since 1999 and this information is available to law enforcement agencies.
02/06/2015
Winning in court: Mishcon de Reya avoids potential £10m plus claim as case dismissed
Had the case been successful, claimants were planning on suing Mishcon for 'a sum in excess of £10m for consequential losses'
02/06/2015
How can wealth managers benefit from HNW divorces?
High net worth divorces throw up many issues for wealth managers as marriages end, portfolios are divided and suddenly there are two potential clients instead of one.
02/06/2015
FCA to assess whether further intervention on PPI needed
The FCA is to gather evidence on current PPI complaint trends to assess whether it is meeting its objectives of securing appropriate protection for consumers
02/05/2015
When will UK interest rates rise?
For even the averagely engaged private investor, the swirls of markets and economic data that emerges on a daily basis, often couched in language which seems designed to befuddle the world, can cause the private investor to ponder
02/05/2015
Norway's sovereign wealth fund steps up pressure on ethics
The fund has been accused of having too large an exposure to coal by both environmental groups and some Norwegian politicians calling for the fund to revamp its portfolio..
02/04/2015
Lawmakers fail EU plans to split up large banks
Deep divisions between political groups in the European Parliament are set to sink reforms aimed at preventing banks from being “too big to fail”, a key political objective following the 2008 financial crisis.
02/04/2015
Watchdog slams crowdfunders for downplaying risks
In a survey of equity crowdfunding firms - in which investors buy unlisted shares in a fledgling firm
02/03/2015
New year, new reputation by Withers
If your New Year’s resolution was to ensure your reputation is not blighted by outdated or excessive material easily available online, now may be the time to act following recent developments with the ‘right to be forgotten’.
02/03/2015
FCA warns crowdfunders over disclosure failings
There are two types of crowd-based investments: Investment-based funding, which is the issue of shares or bonds in a company; and peer-to-peer or business lending.
02/03/2015
Cayman Finance Welcomes Cayman Islands Government Stance On Beneficial Ownership
The changes that were being insisted upon were unreasonable
02/02/2015
Hawksford employee contributes to international legal textbook
The chapter explains Jersey’s law relating to vulnerable adults and will be an important aid for worldwide practitioners representing adults, who may have a reduced mental capacity, with financial affairs in the Island.
02/02/2015
M&G and UBS named and shamed by industry watchdog
Each firm was ranked out of a possible 143 points for complying with best industry practice and the survey found a vast gulf between the leaders and laggard in the industry.
02/02/2015
A win for UBS in job cuts case
Burton said in the ruling that he wasn’t satisfied that the cuts hindered UBS’s ability to market Decura’s products.
02/02/2015
Industry praises Guernsey for meeting regulatory demands
Panellists at a Guernsey funds technical masterclass in London have praised the jurisdiction for its “progressive nature” in tackling international regulatory developments.
02/02/2015
Less than half of top asset managers disclosing responsible investment policies
Asset managers are failing to “walk the talk” on stewardship and responsible investment