11/23/2014
Global policymakers look set to finalise tougher new capital rules on asset-backed securities in December, just three months before defining banks' high-quality assets which may well then be granted better treatment in the future.
11/21/2014
Osborne drops banker bonus cap bid
George Osborne has dropped his challenge to the EU over banker bonus caps
11/21/2014
That’s in line with comments from Executive Board member Yves Mersch, who has said the ECB will start buying ABS this week.
11/21/2014
Marrache liquidators sue Baker Tilly for £28m in bid to recoup lost client funds
The liquidators of Gibraltar firm Marrache & Co are suing the local branch of accountancy firm Baker Tilly for negligence, breach of duty, conspiracy and dishonest assistance for audit advice given prior to Marrache’s collapse in 2010.
11/20/2014
She said Mifid II required all costs to be aggregated, and that the industry would find out in December how that goal would be interpreted into regulation, which will come into force in 15 months’ time.
11/20/2014
'Anti-offshore' law to bring billions back to Russian economy
Russia’s upper house of parliament has approved an “anti-offshore” law requiring individual and corporate taxpayers to report foreign profits.
11/20/2014
Speech by John Griffith-Jones, Chairman of the FCA, at The Association of Professional Financial Advisers (APFA) Annual Gala Dinner delivered at Banking Hall, London. This is the text of the speech as drafted, which may differ from the delivered version.
11/20/2014
The FCA has taken this action against the Banks for failing to put in place resilient IT systems which could withstand, or minimise the risk of, IT failures.
11/20/2014
The UK government is due to receive an indication on whether its battle to overturn an EU law on bankers' pay is likely to succeed.
11/19/2014
On 24 October 2014, the Commerce & Employment department published its consultation paper on various options for reforming Guernsey’s insolvency regime, both for personal and corporate insolvency.
11/18/2014
In Uncle Sam’s footsteps by Withers
Jurisdictions worldwide may not yet have come up with their 'Esperanto' when it comes to exchanging information about taxpayers, but they are certainly less disconnected than they used to be.
11/18/2014
Curbs on bankers’ fixed pay may be needed: UK’s Carney
Amid concern the current pay regime does not deter misbehaviour
11/17/2014
Schroders’ Tosato: Time for regulators to stop punishing fund groups
He believes the time is ripe to shift the regulatory tone from ‘risk management and compression’, instead encouraging the growth of the asset management industry.
11/17/2014
RBS chief's £1m payout one year after he was axed: Stephen Hester faces fresh political row over his pay
Former Royal Bank of Scotland chief executive Stephen Hester faces a fresh political row over his pay after it emerged he received a £1million payout from the bailed-out bank earlier this year.
11/17/2014
Loose cannons in the world’s biggest financial markets were found out
City shamed again but fines fail to stop banks behaving badly
11/17/2014
Defiant PAC chairman to pursue controversial Ansbacher dossier on tax evasion
The chairman of the Dail's spending watchdog, John McGuinness, is to defy his own committee's legal advice and will seek to investigate the controversial Ansbacher dossier on tax evasion.
11/17/2014
There was a time when bank bosses took at face value Ogden Nash’s satirical poem Bankers Are Just Like Anybody Else, Except Richer.
11/17/2014
Hong Kong has become an important conduit for laundering money fleeing London
"We are aware that some of these customers have transferred funds to second-tier financial institutions in Hong Kong," Carey said.
11/17/2014
A technical showcase of Guernsey's funds offering and how the Island is positioning itself amid the latest regulatory pressures will be the focus of a funds masterclass in London at the start of next year.
11/17/2014
The Consumer Panel has highlighted a number of flaws in fund management costs and charges in a disussion paper on the industry.