06/24/2014
Ex-Millennium Fund Manager Gets Four Years in Prison
The life sentence recommended under non-binding federal guidelines
Legal, Regulation & Compliance
06/24/2014
Attitudes to AIFMD mellowing, finds Multifonds' survey
Respondents from the funds industry, who collectively manage and administer assets exceeding US$10 trillion and US$35 trillion respectively, are showing a significantly more positive attitude to the regulation despite facing the imminent 22nd July AIFM a
06/24/2014
FCA Hires Leeson Law Firm For Insurance Probe
The firm which advised the world's most infamous rogue trader acts for the City watchdog boss in a crucial probe, Sky News learns.
06/24/2014
Proposed revisions to Pillar 3 disclosure requirements published by the Basel Committee
The Basel Committee on Banking Supervision has today published for consultation its Review of the Pillar 3 disclosure requirements.
06/23/2014
Financial Services Specialist joins Scotish law firm
He has specialised in financial services work for insurance companies, banks, building societies, asset management companies and other institutions
06/23/2014
Ecclestone Indictment Calls F1 "Bribe" Into Question
New evidence from German prosecutors has called into question whether Bernie Ecclestone paid a bribe to steer the sale of Formula One in 2006 to the private equity firm CVC.
06/23/2014
Leading London Venture Capital Partner to Join Orrick
Over the past two years, Orrick’s emerging companies group has counseled on nearly 600 venture capital-backed transactions
06/23/2014
Documents Said to Tie Former RBS Unit to bin Laden Family Members
Royal Bank of Scotland Says It Didn't Do Business With Osama bin Laden
06/23/2014
Jersey Financial Services Commission proposes to amend Money Laundering (Jersey) Order 2008
The Commission’s objective has been to apply international standards in a way that is consistent with neighbouring territories, and the money laundering and terrorist financing risk present in Jersey.
06/23/2014
Maitland launches AIFMD fund platform in Luxembourg
MS Management Services, a Luxembourg-based subsidiary of the Maitland group, has been authorised by the CSSF to act as an alternative investment fund manager
06/20/2014
Regulator warns Deutsche Bank over commodity trading controls
Germany's financial watchdog has warned Deutsche Bank that the lender had insufficient controls in place to prevent manipulation of commodity prices, as commodity markets come under increased scrutiny from global regulators
06/20/2014
National law firm makes strategic hire with wealth expert
National law firm is growing its wealth protection team with the strategic hire of Jane Whitfield. Jane joins Shoosmiths from Wellers Law Group where she was senior solicitor in the private client and charity law teams.
06/20/2014
Management buy-out of Ogier Fiduciary Services completes
This means that with immediate effect Ogier Fiduciary Services and Ogier are two independent businesses.
06/20/2014
Osborne’s attack on financial markets abuse
The first announcement in the chancellor’s speech was a Fair & Effective Markets Review
06/20/2014
The Wealth Finance Brief by Field Fisher Waterhouse
In our first article, the recent tensions in Ukraine have prompted us to consider the implications of financial sanctions for lenders on their existing facilities and documentation.
06/19/2014
Charles Stanley profits fall 33%
It said it is expecting "no liability" from the legal dispute
06/19/2014
Collas Crill advise Malaysian investors on buying UK property
Many investors look to the Channel Islands to structure their investment and for conveyancing advice before they buy.
06/19/2014
Russia's VTB says Bank of England withdraws many demands over its UK business
"The majority of the demands have been withdrawn, and we are on a path to the withdrawal of the remaining ones," VTB's chief financial officer Herbert Moos said at the bank's annual shareholder meeting.
06/18/2014
Ex-Deutsche salesman says was told to mask Japan pension expenses
Japanese law treats officials at pension funds that manage public money as the equivalent of public servants, meaning that spending to entertain and win business from them can be prosecuted as bribery.
06/17/2014
Hungary Court Says Banks Should Be More Transparent With Forex Loans
Ruling Says Exposing Customers to Foreign-Exchange Risk Wasn't Unfair