06/29/2014
BNP Paribas Said to Plan Guilty Plea Monday in U.S. Probe
The French bank has been in talks with state and federal authorities over a penalty that may reach a record $9 billion, another person familiar with the matter has said.
Legal, Regulation & Compliance
06/29/2014
Austria Falls Out With Bavaria Over Zombie Banks
But it seems that BayernLB left behind about 2.3bn euros in subordinated debt
06/28/2014
Post-RDR adviser world struck by costs
Since RDR was implemented, financial advice-seekers have split into two groups – those able to afford advice and those who cannot, according to a report compiled by the Association of Professional Financial Advisers.
06/27/2014
The future of Gift Aid by Graham Elliott, Withers
Conversations are underway between the Charity Tax Group and HMRC in respect of a potentially major reform to the operation of the gift aid rules, particularly in connection with donations which give rise to benefits to the donor.
06/27/2014
Withers win Private Wealth Team of the Year at The Lawyer Awards
The firm's award submission was based on probate work on the estates of two famous UK artists, both involving complex questions of Artist Resale Rights and Business Property Relief in the administration of the estates.
06/27/2014
An updated guide to AIM tax benefits by Chilton Taylor,Baker Tilly
Baker Tilly has worked with the London Stock Exchange to produce an updated guide on the various tax reliefs available to investors in AIM companies and how companies can qualify to take advantage of such investment.
06/27/2014
Changes to Jersey company law expected in late 2014
These changes, most of which are designed to increase the flexibility of the Jersey company, will be of particular interest to all those who use Jersey companies in their structures.
06/26/2014
What Barclays is accused of
Barclays has been sued by the NY attorney general over claims it duped people into investing in its dark pools. Here is what the British bank is accused of
06/26/2014
Baker & McKenzie Elects 65 New Partners Worldwide
Regionally, 29% of the promotions are in Asia Pacific; 32% are in Europe, Middle East and Africa; 14% in Latin America; and 25% in North America. 28% of those promoted to partner are women.
06/26/2014
The New Belgian Banking Act by Baker & McKenzie
The Act of 25 April 2014 on the legal status and supervision of credit institutions (hereinafter the Banking Act) was published in the Belgian Official Gazette on 7 May 2014 and replaces the Act of 22 March 1993 on the status and supervision of credit ins
06/26/2014
BNP Paribas SA said to move compliance operations to US as settlement nears
BNP Paribas SA is relocating its US sanctions compliance operations to New York from Paris.
06/26/2014
Linklaters advises the UK Government on its debut sovereign Sukuk
The issue represents a landmark stage in the UK Government’s strategy to promote the UK as a global gateway for Islamic finance
06/26/2014
Russia Unlikely to Ban Foreign Bank Accounts for Companies
It is being pushed. There are pushers
06/25/2014
Eversheds advises Investec Bank on £308.5m main market IPO of FDM Group
Eversheds has advised Investec Bank, as sponsor and sole bookrunner, on the £308.5m main market initial public offering (IPO) of FDM Group, an IT-focused international professional services provider.
06/25/2014
British mergers watchdog probing top Daisy investors -Sky News
Under British regulations, any investor or group of investors deemed to be a so-called concert party can be forced to make an offer to purchase the remaining shares i
06/25/2014
EU to consider financial industry tax to fund watchdogs
Staffing and budgets of the three watchdogs are modest compared with regulators in the larger member states
06/25/2014
Government acts to improve focus on customers of financial services
The Bill sets out measures to help hard working people have confidence in their employers and reduce the barriers that can hold businesses back from growth.
06/25/2014
Former Schroders equity trader charged for insider trading
The Financial Conduct Authority has charged Damian Frank Clarke, a former equities trader at Schroders Investment Management Limited, with 9 counts of insider dealing, contrary to Section 52 of the Criminal Justice Act 1993.
06/25/2014
Retired banker at Coutts 'laundered fraud proceeds'
He spent 30 years at Coutts, the Queen's banker, is accused of allowing his son Matthew Noad, 29, to funnel £655,000 through his bank accounts
06/24/2014
Countdown To MiFID II Go-Live Date Begins
The revised Markets in Financial Instruments Directive (MiFID II) and new Regulation (MiFIR) were published yesterday in the Official Journal and will enter into force on 2 July.