02/13/2014
Courts order Barclays to disclose documents to McKillen
Limited disclosure comes in advance of challenge aimed at preventing sale to Barclays of McKillen loans with IBRC
Legal, Regulation & Compliance
02/13/2014
New European regs hitting business functionality - survey
An Infiniti Research survey sponsored by TradeTech Consulting Scandinavia AB, a Virtusa, Swedish subsidiary; reveals that the numerous regulations currently being enforced in Europe's financial markets have considerable impact on business functionali
02/13/2014
FCA hits HomeServe with largest ever retail fine
HomeServe is an insurance intermediary, which sells home emergency and repairs insurance cover. Following a rapid expansion in the growth of its business, HomeServe developed a profit driven culture where profit targets were met by taking advantage of ex
02/13/2014
Adviser hits out at Standard Life in client ownership row
An advice firm has hit out at Standard Life after the provider revealed clients had moved from a rival firm amid a dispute over client ownership.
02/12/2014
Cleary partner joins HSBC as litigation and regulatory co-head
HSBC has appointed two new general counsel to oversee its litigation and regulatory enforcement departments
02/12/2014
Global law firm strengthens global restructuring practice
He will be a perfect fit with our client base and international reach
02/12/2014
Bank Federation Head Says EU Regulatory Goals Ignore Reality
Christian Clausen, the president of the European Banking Federation, criticized regulators for pursuing a model he said ignored the reality of national needs.
02/12/2014
Eversheds, Byrne and Partners swoop as Pannone, S&G tie-up looms
Pannone regulatory head Anthony Barnfather will join Slater & Gordon when the firms combine despite initially resisting the move.
02/11/2014
National Law Firm To Open Southampton Office
We already provide specialist legal advice to clients across the south coast but we feel that the time is now right to establish a new regional office providing greater accessibility across our range of innovative legal services for both private and comme
02/11/2014
EU to force Britons to publish details of wills and property
A bill being debated in Brussels would force UK citizens to disclose 'reams' of private, financial information on a public register
02/11/2014
Ex-Hedge Fund Manager Sues E&Y Over Charity Tax Relief Failure
Her Majesty’s Revenue & Customs investigated De Camaret and intends to “impose penalties,” according to the suit filed Dec. 6 in London and released last week.
02/11/2014
Ex-Rowan Dartington team seeks independent regulatory approval
Alpha Portfolio Management, the third party discretionary service launched by Andrew Morris and the team behind Rowan Dartington Signature, could soon seek its own regulatory permissions.
02/10/2014
The 2014 French Finance Act and the 2013 Amended Finance Act: Final version of the new measures
The main tax measures of these two laws are summarised below. However, these are subject to any comments the tax administration may have on the different regimes concerned.
02/10/2014
FCA finalised guidance on AIFMD remuneration
These provisions can be particularly important for bigger groups with multiple business lines and for non-EU managers who market only a few AIFs in the EU
02/10/2014
'Hippocratic oath for bankers’ rejected by ethics chief
New rules will say that banks have to improve their behaviour across the industry through a series of ethical guidelines and a new committee to oversee improvements
02/10/2014
Regulatory Burden, Swiss Tax Evasion, CFTC: Compliance
Financial industry executives are almost as concerned about the growing demands of regulatory compliance as they are with market volatility
02/10/2014
Barclays faces probe for huge client data loss
Barclays could be forced to update its data protection and customer security systems after an information breach saw the details of thousands of customers put up for sale.
02/10/2014
Hedge funds suing Porsche suffer setback at German court
The regional court in Stuttgart, where sports-car maker Porsche is based, expressed strong doubts about the case brought by hedge funds including Viking Global Investors, Glenhill Capital and Greenlight Capital.
02/10/2014
Regulator Tightens Screw on Transition Management
The FCA has provided specific feedback where needed, and will continue to monitor the conduct of TM providers.
02/07/2014
Russian banker charged with embezzlement of $55 mln - report
The investigation has brought final charges against banker Alexander Gitelson regarding embezzlement of $55 million, Kommersant daily writes on Thursday.