09/09/2014
UBS Asks French Court to Overturn $1.4 Billion Bail in Tax Probe
The bank, Switzerland’s biggest, has been embroiled in tax evasion probes in Europe since it paid $780 million in 2009
Legal, Regulation & Compliance
09/09/2014
BofA Bond Boss Said Stuck in Limbo by Deutsche Bank Delay
Deutsche Bank has been reluctant to give regulators the clearance that Foresti, an 18-year veteran of the firm, needs to start his new job, said the people, who requested anonymity because the process isn’t public.
09/09/2014
IMA: Scottish groups running 11% of fund industry assets
In its annual asset management survey, it said assets from the fund industry managed in Scotland now stand at £560bn, worth just over a tenth of the total AUM.
09/09/2014
UK finance watchdog making plans in case of independent Scotland
Britain's financial regulator said on Tuesday it has done "basic contingency planning" in case Scotland votes this month to become an independent country.
09/08/2014
BNP Paribas Said to Curb Commodity-Trade Finance to Trafigura
The Trafigura executives said the move is part of a broader exit from the business by France’s biggest lender, according to one of the people.
09/08/2014
FCA in new conduct risk push for wealth management firms
Invitees will range from the largest private client firms
09/08/2014
Fund groups may face 5% profit hit
Analysts at Numis have predicted that asset management companies could face at least a 5 per cent hit on profits from proposed European regulation on research.
09/08/2014
FCA withdraws ‘high risk’ country list
The Financial Conduct Authority, the U.K.’s financial regulator, has pulled a controversial list of countries that the organization considers high risk for money laundering and financial crime.
09/08/2014
Linklaters first UK organisation to win EY diversity award
Linklaters has been named the first organisation in the UK to achieve a new equality standard launched by EY and a group of UK businesses including Nestle, Vodafone, RBS and Microsoft UK.
09/08/2014
Minster’s legal director Underwood joins Capita-owned rival Optima Legal
Minster Law’s director of legal services Craig Underwood has joined Capita-owned volume legal business Optima Legal as head of legal services today.
09/08/2014
World's premier law firm appoints Global chief talent officer
Over the course of his 25 years in business and 15 years in human resources, Peter has built a career as a leader and trusted advisor to executive levels of management in top tier professional services organizations.
09/08/2014
EU Banks Sidestepping Bonus Limits Face Regulatory Crackdown
Allowances, also known as role-based pay, are a regularly adjustable part of employees’ pay packets.
09/08/2014
Prospects for fresh financial products
Product innovation in the investment market is nothing new, but the changes in pension rules and regulation reforms such as the Retail Distribution Review, are providing investors with a wider variety of vehicles to meet their specific needs.
09/08/2014
RBS, Lloyds Would Fail ECB Asset Review, Mediobanca Says
Moody’s Investors Service cut the outlook for the U.K. banking system to negative from stable last month, citing an increased credit risk from rules designed to prevent the use of taxpayer funds to support failed institutions.
09/08/2014
European Regulation On The Freezing Of Bank Accounts
A new regulation establishing a European Account Preservation Order came into force on 17 July 2014 and will be applied by participating Member State courts from 18 January 2017.
09/08/2014
EU’s Barnier seeks result of probe into banker allowances by end of September
Banks use of so-called allowances to soften a European Union cap on bonuses could face a “coordinated policy response”, the EU’s financial services chief Michel Barnier has warned, prompting bankers to argue politicians should steer clea
09/07/2014
FCA Pulls List; Commits to Thorough Review of Methodology
It also has committed to a full review of the methodology that resulted in the Cayman Islands being placed on the list.
09/07/2014
Shamed Pensions Director Sacked by Swiss Finance Firm
One of the bosses of a firm named and shamed for misusing clients’ pension funds has been sacked from his senior role with a top finance firm in Switzerland.
09/07/2014
UK in last-ditch effort to overturn EU bonus cap
Treasury to clash with EU in court on Monday over rules limiting bonuses in attempt to defend UK financial sector
09/07/2014
Gibraltar set to publish ILS guidelines
Captive Review has learnt that Gibraltar's Financial Services Commission (FSC) is expected to publish its ILS Guidelines this month.