07/29/2013
Capital Alternatives taken to court over investment schemes
he court action we have taken focuses on two investment schemes
Legal, Regulation & Compliance
07/28/2013
FCA in talks to pay planned £850k Arch fines to investors
FCA is looking to return any money it makes from fining the directors of Arch Financial Products back to investors.
07/27/2013
UK Serious Fraud Office to get £2M for Barclays probe
More specifically, investigators are looking into £66M in fees supposedly paid to Qatar and allegations the bank loaned Qatar the money it invested in Barclays.
07/26/2013
Court tells Grant Thornton to release Tchenguiz reports
Accountancy firm Grant Thornton must release sensitive reports to property tycoons Vincent and Robert Tchenguiz
07/25/2013
How firms are implementing the RDR
Six months after introducing the Retail Distribution Review (RDR), we are publishing our findings on how firms are approaching it.
07/25/2013
Anti-money laundering - FCA
This report sets out our obligations relating to anti-money laundering, our approach to carrying out those obligations, and the trends and emerging risks in money laundering that we are seeing in the firms we regulate.
07/25/2013
FCA rolls out sales incentives review beyond banks
Last year, the regulator conducted a year-long review into retail banks and found a number of failings in incentive schemes, resulting in an investigation into Lloyds Banking Group.
07/25/2013
UK prosecutor sees more Libor charges within months
The Serious Fraud Office (SFO), under pressure to nail those responsible for manipulating the benchmark interest rate that helps oil the wheels of global finance, said on Thursday it would not shy away from high legal hurdles to punishing corporations.
07/24/2013
Vatican, Italy near deal on bank information exchange sources
Italy and the Vatican are about to reach a deal allowing for the first time regular exchange of financial information between the two states to combat money laundering, several sources with direct knowledge of the situation
07/23/2013
International law firm recruits six-strong team for Luxembourg launch
Hogan Lovells will be opening an office in Luxembourg on 1 August as part of its strategy to continue to grow its funds and tax practices and develop in markets that are key to the firm's clients.
07/23/2013
HSH Nordbank’s ‘Dr. No’ CEO Faces First German Trial Over Crisis
The two men were charged with breach of trust and false accounting over the Omega 55 transaction
07/23/2013
Trio jailed over £80m transatlantic boiler room fraud
The three men acquired dormant public-traded companies in the US to sell UK investors worthless stock.
07/23/2013
Royal Bank of Scotland fined £5.6m
The FCA’s overall objective is to ensure that markets function well.
07/22/2013
BNY Mellon survey: AIFMD will reduce choice and increase costs for fund managers and investors
New research by BNY Mellon, the global leader in investment management and investment services, points to significant uncertainty about Alternative Investment Fund Managers Directive
07/22/2013
Tycoon blames RBS in ‘billion-dollar swindle’
A taiwanese shipping magnate claims he was swindled out of more than a billion dollars by Royal Bank of Scotland.
07/22/2013
International law firm appoints new Finance Director
He joins from PricewaterhouseCoopers where he spent more than 20 years, will also sit on the BLP Board.
07/22/2013
Charles Stanley claws back £93k client redress from broker
Judge rules that 50:50 rule in contracts mean that brokers share losses as well as gains.
07/21/2013
Osborne Clarke expands European base with Paris launch
Osborne Clarke is launching a Paris office with a partner hire from local firm De Gaulle Fleurance & Associés
07/21/2013
Credit Agricole launches global panel shake-up
Credit Agricole has opened the bidding for places on its new panel, just two years after its last review.
07/21/2013
FCA fines US based oil trader US $903K for market manipulation
FCA has taken enforcement action against a High Frequency Trader, and reflects the FCA’s objective of enhancing the integrity of the UK’s financial markets.