04/01/2014
Cofunds blames 'scale of regulatory change' as profits fall to £4.2m
Investment trusts can have their advantages – but be wary
Legal, Regulation & Compliance
04/01/2014
Cordium – Best European Regulatory Advisory Firm
The last few months have been a flurry of activity for Cordium. In December 2013 it acquired Sigma Partnership, a London-based compliance and accounting firm.
03/31/2014
Men held over Vatican Bank 'three trillion euro bond fraud'
Italian police have arrested two men who were allegedly trying to deposit trillions of euros in fake bonds in the Vatican bank.
03/31/2014
Leading private client firm to appeal £1.6m negligence finding as former client also appeals point of judgment
Leading private client firm has confirmed it will appeal a recent High Court decision
03/31/2014
International law firm enters Formal Law Alliance with Singapore's Virtus Law
The firm also launched in Beijing around the same time, marking its fourth office in Greater China.
03/31/2014
Italian banks won't need aid after stress tests: association
Italy's banks will not require any state funds as a result of the European Central Bank's stress tests this year on euro zone banks
03/31/2014
Libya Fund Accuses French bank of Fraud
French bank paid a middleman $58 million in alleged bribes to secure almost $2 billion in business from Libya's main sovereign-wealth fund during the final years of dictator Moammar Gadhafi's rule
03/31/2014
FCA to probe wealth managers' use of in-house funds
The Financial Conduct Authority is to investigate the use of in-house funds by wealth management firms and private banks.
03/31/2014
Swiss probe banks over foreign exchange market
RBS, Barclays, UBS, Credit Suisse, Zuercher Kantonal Bank, Julius Baer, JP Morgan and Citigroup are being probed by Swiss competition commission, Weko.
03/31/2014
FCA to make rogue fund managers pay back bonuses
The Financial Conduct Authority is to scrutinise the pay and clawback measures for all regulated companies including the 2,100 FCA-supervised fund houses.
03/31/2014
FCA To Investigate Handling Of Disorderly Market For Life Insurers
The Financial Conduct Authority has said it will hire external lawyers to aid it in investigating its handling of events Friday, when the FTSE 350 life insurance index fell by as much as 7.1% amid press reports of a probe by the regulator into 30 million
03/31/2014
FCA business plan overlooks 'urgent' unfair FSCS issue
The Wealth Management Association has condemned the Financial Conduct Authority business plan, claiming the regulator is overlooking FSCS problems in its annual review.
03/31/2014
FCA Funding Boosted to £452m to Handle Payday Loans
The Financial Conduct Authority has revealed it is increasing its head count to meet the demands of investigating banks and insurers, as well as extending supervision to the margins of the consumer credit industry.
03/31/2014
Allen & Overy advises banks on Russian-related F1 loans worth $850m
Allen & Overy’s Moscow team has advised two syndicates of lenders on new loan facilities for Sberbank Europe AG and Credit Bank of Moscow
03/28/2014
IMA Comments on Pension Charges Cap
While there is understandable concern in Government about assuring DC scheme quality, a charge cap is not the best way to achieve good outcomes and this was a key finding of the 2013 Office of Fair Trading market study.
03/28/2014
Baker & McKenzie expands London regulatory team with RPC hire
Baker & McKenzie has expanded its London based regulatory team with the hire of partner Steven Francis from Reynolds Porter Chamberlain.
03/28/2014
FCA to probe fairness of insurers' old savings products
The policies being investigated were written before 2000 when British interest rates were higher, which influences where exit fees are set, the source said.
03/28/2014
Grant Thornton rakes in €13m from Quinn job
Accounting firm Grant Thornton received an additional €2.8m in fees last year – bringing to €13m the sum the company has received for its work in acting as administrators to the Quinn Insurance group.
03/27/2014
RBS reprimanded by Qatar regulatory authority
The Royal Bank of Scotland has been reprimanded by one of the main financial regulators in Qatar for failing to comply with training and competency requirements.
03/27/2014
Switzerland treads careful path over Russia sanctions
witzerland said on Wednesday it would not be "abused" by those wanting to circumvent Western sanctions against Russia but stopped short of adopting its own measures.