03/31/2015
BoE stress tests to focus on Asia and the eurozone
This year’s test includes shocks such as a contraction of more than 2 per cent in the eurozone economy
Legal, Regulation & Compliance
03/31/2015
Islamic bond trial over $650m launches in London
A $650m legal dispute has been launched in London’s High Court that will offer a rare glimpse into the Islamic bond market, as well as banking and business practices in the Middle East.
03/31/2015
UK fund house caught up in Mauritian ‘Ponzi scheme' probe
A UK fund house has been forced to freeze redemptions on one of its funds, after becoming caught up in an investigation by the Mauritian regulator into an alleged Ponzi scheme.
03/31/2015
HSBC's attempts to clean up US business practices are falling short, report says
A 1,000-page report by the US Department of Justice to force HSBC to operate to higher standards says bank is not improving the way it does business fast enough
03/30/2015
Internationally mobile employees - Changes to Taxation of Share Awards
The UK is changing the way in which it taxes share options and share awards held by employees who move between countries.
03/30/2015
FCA hits retired accountant with £35k fine for insider dealing
"Market abuse is a serious offence and today’s fine reflects the fact that we will not hesitate in taking action against individuals who act on inside information. Carver’s fine level has been reduced due to his significant cooperation wi
03/30/2015
Wealth managers risk enforcement actions as FCA 'runs out of patience'
Daryl Roxburgh, global head of software provider BITA Risk, noted firms have largely moved on from Excel-based suitability standards to “more systematic” processes, but said the area remains a core focus for the FCA.
03/30/2015
Complaints on banking and credit cards up as total complaints fall by 7%
The total redress paid increased by 4% to £2.44bn in in the second half of 2014
03/29/2015
Breakthrough in RBS shareholder trial as judge orders bank to produce Fred's private mails
Royal Bank of Scotland has been given less than three weeks to hand over emails and other correspondence sent by former chief executive Fred Goodwin and former head of investment banking, Johnny Cameron, in the prelude to its October 2008 collapse.
03/29/2015
Blue-chip bankers lose £210m in hedge fund that collapsed after investing in derelict land in Scotland
The extent to which major investors had backed Isle of Man-registered Aarkad Plc, who channelled money into Heather, are laid bare in documents seen by the Sunday Mail.
03/29/2015
Central bank warns ABN Amro on corruption risks
The Dutch central bank has been highly critical of the way ABN Amro tackles the risk of corruption in Russia
03/29/2015
Ashurst and Slaughters advise on RBS sale of Coutts International
Ashurst and Slaughter and May have won lead roles advising on the Royal Bank of Scotland's sale of its overseas private banking and wealth management business to Union Bancaire Privée
03/29/2015
Carney piles pressure on banks with tough new stress tests
The Bank of England will unveil tough new stress tests tomorrow that may force big banks to spend billions bolstering capital reserves
03/27/2015
Fred Goodwin told to hand over private emails in Royal Bank of Scotland lawsuit
Judge approves request from thousands of shareholders suing bank over 2008 rights issue to have personal emails disclosed
03/27/2015
Deflation Makes Euro Bond Slide an Opportunity for Standard Life
European Central Bank President Mario Draghi faces a tall order in his mission to boost inflation to close to 2 percent
03/27/2015
Spain Urges EU to Remove Barriers to Banking Takeovers
Spain, home of the euro area’s largest bank, is pushing the European Union to remove obstacles to cross-border mergers of retail lenders
03/27/2015
ABN Amro Initial Offering Is Delayed Amid Pay, Probe Queries
The cabinet had planned to decide on how to proceed with the sale in the first quarter.
03/27/2015
Insider trader jailed for 10 months
He admitted dealing on the basis of inside information he obtained during the course of his employment relating to the takeover of Logica PLC by CGI Group
03/26/2015
OC, Mishcon, DLA Piper and CC major winners at 2015 Legal Business Awards
Osborne Clarke (OC), Mishcon de Reya and Clifford Chance (CC) were among the major winners at the 2015 Legal Business Awards
03/26/2015
Standard Life chief: EU exit would be 'disastrous' for UK
The chairman of Standard Life has said that an exit from the European Union would be 'disastrous for London and the UK'