01/07/2015
UK banks years away from end to mis-selling scandal: Ombudsman
Britain’s banks will be paying out compensation to customers mis-sold loan insurance for years to come, having already set aside £24bn to deal with the issue
Legal, Regulation & Compliance
01/07/2015
EU seeks to dilute bank trading reform
Draft European Union rules forcing banks to isolate their risky trading activities should be eased to take national measures into account and avoid harming markets
01/06/2015
European Central Bank is ‘out of bullets’: Analyst
The European Central Bank is widely expected to begin buying the sovereign debt of member countries to stimulate the euro zone economy, but the effects of such quantitative easing would be "negligible,"
01/06/2015
UK regulator to fine London unit of Banco Espírito Santo
Britain's Financial Conduct Authority plans to fine the investment banking unit of the failed Portuguese lender Banco Espirito Santo SA for violating listing rules
01/06/2015
Lloyds Said to Seek Waiver for U.K. Bank Separation Rules
Lloyds Banking Group Plc has applied for an exemption to one of the rules forcing Britain’s largest lenders to separate consumer operations from riskier investment-banking units,
01/06/2015
‘We are deeply saddened’: Dechert disputes star Antony Dutton dies
His high profile arrival at Dechert signalled the firm's push into the London disputes market, with his move following that of DLA Piper's global co-head of litigation Neil Gerrard.
01/06/2015
QE Is the Wrong Fix for Europe
Some disinflation is good for Europe, and attempts to fight it won’t work anyway.
01/06/2015
Single rulebook for failing banks comes into force
A single rulebook for the resolution of banks and large investment firms in all EU member states came into force on January 1, 2015.
01/05/2015
Yorkshire’s best-paid lawyer takes hit in tough legal market
The man reputed to be the best-paid lawyer in Yorkshire saw his remuneration fall 17 per cent to £1.645m last year, latest accounts reveal.
01/05/2015
UK debates ban on pension fee secrecy: report
The UK government is set to debate a potential ban on the non-disclosure agreements that pension funds and asset managers use to conceal their fees.
01/05/2015
Ombudsman orders compensation for EMI pensioner over ‘loss of expectation’
The member believed he would get an annual pension of £9,540 from the fund but this was revised down to £8,878 after changes to the scheme's late retirement calculations.
01/05/2015
Towers Watson Faces Lawsuit over ‘Negligent Advice’
Global consulting firm Towers Watson is being sued by one of the UK’s largest pension funds for more than £47 million
01/04/2015
The curious case of the fare dodger and the FCA
Chris Newlands asks if the lifetime ban of a former BlackRock managing director is too harsh
01/03/2015
RBS bonus pool drops under £500m after ban - but bank will still face fury over share handouts to top executives
The Royal Bank of Scotland is to slash its bonus pool for bankers this year in response to an EU clampdown and a swathe of swingeing fines from regulators.
01/03/2015
Vince Cable to meet bankers over branch closures
The Business Secretary wants to extract a promise from bank executives over the closure of rural branches
01/02/2015
HMRC Confirms QROPS Changes Are On The Way
HM Revenue & Customs has indicated a review is under way of the complicated rules that an offshore pension has to meet to become a QROPS.
01/02/2015
Euro Falls Lower as Central Bank Hints at Increase in Stimulus Plan
Mario Draghi, the president of the European Central Bank, may be pushing hard for a weaker euro to spur growth in Europe, but his central bank peers seem to be several steps ahead of him.
01/01/2015
The biggest FCA fines of 2014
The FCA issued a total of over £1.4bn in fines in 2014 against a total of 37 firms. This is a massive 210 per cent increase on the £474.2m issued in fines in 2013.
12/31/2014
FATCA Ropes in Vatican Bank on Offshore Account Compliance
The Vatican Bank is the latest to join the ranks of a hundred other countries worldwide that have agreed to the terms of the FATCA
12/31/2014
No More Regulatory Nice Guy for Banks
For banks, 2014 was the year of penalties