03/26/2015
FCA tightens UK pensions reforms
The Financial Conduct Authority said it would proceed with several “remedies to support consumer choice” in the pensions market
Legal, Regulation & Compliance
03/26/2015
Porsche Wins Dismissal of Hedge-Fund Appeals Case, Court Says
Porsche Automobil Holding SE scored a victory in the first appeals case in a battle against investors seeking a total of 5 billion euros
03/25/2015
Top British fund executives face pay restraint as regulators circle
Some of Britain's top money managers are showing signs of pay restraint amid rising concern the industry's bank-style rewards could be a threat to financial stability.
03/25/2015
Italian voluntary disclosure – Issues likely to be faced by trustees with Italian resident settlors/beneficiaries and/or Italian assets
As previously reported, Italy has launched a voluntary disclosure programme along the lines of those already in existence in the UK and the US. The new disclosure facility will come to an end on 30 September 2015.
03/25/2015
Law Commission charity law consultation - Withers
The Law Commission has published a consultation paper on specific legal matters relating to charities
03/25/2015
New Clients – Old Reasons In Guernsey
Appleby's Gavin Ferguson examines how Guernsey has evolved to provide clients from all over the globe with innovative advice
03/25/2015
How Malta is Fast Developing as a European Securitisation Centre
Securitisation is often associated with the financial crash of 2008 which was in part caused by the over rating of pools of mortgages within Collateralised Debt Obligations (CDOs) which started a chain reaction of events exposing weaknesses in an already
03/24/2015
Broader SIFI designation has managers scrambling
Say latest plan could result in higher costs
03/24/2015
FCA to examine asset management fees, pensions
The Financial Conduct Authority has set out the key areas of work it will undertake in the forthcoming financial year with the publication of its Business Plan for 2015/16
03/24/2015
Elian launches Funds Compliance Services to overcome clients’ regulatory demands
In anticipation of fast-changing developments in Jersey’s regulatory environment and the sharper emphasis on corporate governance, Elian has launched a comprehensive suite of professional compliance services that will significantly reduce clients&rs
03/24/2015
Royal Court of Jersey confirms existence of Trustee’s equitable lien
A former trustee’s equitable lien is separate from any contractual right to an indemnity a former trustee may have under a deed of retirement of trustees.
03/24/2015
British banking body calls for supervision of tech challengers
A report by the BBA and management consultants Accenture said that the digital revolution will be as much of a challenge for regulators as for banks.
03/23/2015
UK court asks Pak to pay 150,000 pounds to India as legal fee
In a setback to Pakistan, a UK court has directed it to pay 150,000 pounds to India as legal fees in the 67-year-old Hyderabad Funds case involving the Nizam's money.
03/23/2015
Revolving doors: Eversheds, Reed Smith and Gibson Dunn all make key hires
Both LB100 and Global 100 firms made senior appointments last week, bringing in both management and former management to bolster teams.
03/23/2015
Former ABN Amro executives claim $18m from RBS
Former ABN Amro Australia chief executive Angus James has won a legal case against the Royal Bank of Scotland for $2.9 million
03/23/2015
Midland law firm launches taxation team
Midland law firm has launched its new-look taxation department as part of its private client offering
03/20/2015
Blackburn businessman locks horns over £4.6m from failed Dubai deal
A Judge has ruled that three ‘rag trade’ bosses cannot reclaim around £4.6million from a Blackburn chemist-turned-property investor over a failed paradise island deal
03/20/2015
KBC discloses new ECB capital and liquidity requirements
KBC has been informed by the European Central Bank of its decision establishing prudential requirements, which sets the following minimum requirements for capital and liquidity for the KBC group and its main banking entities
03/20/2015
FCA bans and fines two individuals for pension advice failings
TMI provided advice to customers on transferring their existing pension funds into unregulated investments
03/20/2015
Operation Tabernula: The story of the biggest insider trading investigation in UK history
The dawn raids, furtive City pub meetings and evidence of lavish gifts that led to Julian Rifat, Graeme Shelley and Paul Milsom being sentenced for insider trading