02/24/2015
“While Aviva Investors’ failings were serious, the FCA has recognised that its actions since reporting its failings were exceptional. The level of co-operation during the investigation and commitment to ensuring no customers were adversely imp
02/24/2015
Non-Executive Directors (NEDs) with specific responsibilities, such as Chairman, will come under the new Senior Managers Regime (SMR), the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) has confirmed.
02/24/2015
It also said the Commodity Futures Trading Commission had subpoenaed HSBC Bank USA for documents related to its precious metals trading.
02/24/2015
Non-executive directors at banks and insurers exempt from personal liability regime
02/23/2015
The Quiet Man Who Made Big Trouble for Little Luxembourg
Antoine Deltour sees himself as “just a little auditor” who copied some tax files
02/23/2015
He will leave the Supreme Court of the Netherlands on September 1st , 2015. He is the first Justice of the Supreme Court of the Netherlands to leave the Court to join an international law firm.
02/23/2015
To this end, the bank has hired the services of Adv. Alon Pomeranc, head of the litigation department at the firm of Lipa Meir & Co.
02/23/2015
To the extent that the new measures can, in fact, prevent the next financial crisis, they should benefit the stability of the financial system.
02/22/2015
American international law firm Shortlisted for Financial News Awards for Excellence
The winners will be announced at a gala dinner in London on April 22.
02/22/2015
The regulator is in favour of the EU bonus cap. The banks have devised quite an obvious stratagem to defeat it. Your move, EBA
02/22/2015
It's a word that managers in Australia's banks may not be familiar with, but should be: attestation.
02/20/2015
Swiss authorities Wednesday raided the offices of British banking giant HSBC’s Swiss unit as part of a money laundering probe into the bank that has been accused of helping clients dodge millions of dollars in taxes
02/20/2015
Deutsche Bank AG was fined 10 million rand ($857,000) by South Africa’s banking regulator for failure to comply with rules covering the detection of property linked to terrorism and other crimes.
02/20/2015
AIFMD has caused Asian fund managers to be more cautious about seeking investment from Europe but Guernsey helps provide a solution
02/20/2015
The Russian state body battling Sergei Pugachev, the exiled oligarch once known as the “Kremlin’s banker”, in a $2bn legal case is claiming the collapse of the rouble has left it too poor to make a court security deposit.
02/20/2015
Risk management, cost and changes in fund structuring are the key issues for managers and investors arising from the initial impact of the Alternative Investment Fund Managers Directive (AIFMD)
02/19/2015
One of Scotland's biggest law firms is being sued after the collapse of a £400m hedge fund at the centre of a major police fraud probe.
02/19/2015
Dealing commission – the charges paid by consumers when investment managers execute trades and acquire external research on their behalf – is worth around £3 billion a year.
02/19/2015
During the wholesale sector review the FCA met with around 70 organisations and individuals
02/19/2015
High Court finds in favour of Grant Thornton in Barclays negligence dispute
The dispute arose after Barclays relied on two non-statutory audits carried out by Grant Thornton for the Von Essen Hotels Group (VEH) in 2006 and 2007 in continuing to fund VEH under a £250m loan facility.