04/04/2013
Bundesbank Probing Claims of Deutsche Bank Losses During Financial Crisis
Bundesbank is investigating claims that Deutsche Bank misvalued credit derivatives to hide losses
Legal, Regulation & Compliance
04/04/2013
Germany Urges Data on Offshore Tax Accounts to Be Surrendered
We assume and would welcome if the relevant documents are sent to the competent tax authorities
04/04/2013
Blackstone Profits From Regulation With Citigroup Deal
Regulators are overhauling the rules after the widespread use of the technique in the U.S. mortgage market contributed to the financial crisis by spreading risk from lenders to the so- called shadow banking sector.
04/03/2013
Stephenson Harwood and Freshfields advise on Prudential's £30m FSA fine
Prudential turned to Freshfields' head of financial institutions disputes for advice, while Stephenson Harwood's team acted for its chief executive.
04/02/2013
Winckworth Sherwood replaces senior and finance partners
Both previous finance partners resigned from their positions.
04/02/2013
Herbies adds Berlin to German expansion plan
The new base is not expected to open until later in the second quarter of 2013.
04/02/2013
James Hay sounds trail commission tax warning
HMRC is pushing ahead rapidly with the introduction of these changes.
04/02/2013
Finance firms hit with £560m in fraud fines since '07
Regulators have fined companies and top bosses about £1bn for fraudulent activities since 2007
04/02/2013
France's former tax tsar admits having undeclared Swiss bank account
François Hollande's former tax tsar begged for "forgiveness" after admitting to having an undeclared Swiss bank account for the past 20 years, as he was placed under formal investigation for tax fraud.
04/02/2013
Tax avoidance rules are causing chaos, say experts
Tax experts have warned that the Government’s efforts to introduce a blanket ban on tax avoidance are “utterly confusing” and causing “dangerous chaos” weeks before they are due to be introduced.
04/01/2013
Norton Rose advises Greencoat on innovative wind farm investment fund IPO
Greencoat UK Wind is an infrastructure fund managed by Greencoat Capital. It raised the maximum amount of £260 million after planning to raise a minimum of million through the London Stock Exchange listing.
03/31/2013
Bank of England to become one of world's most powerful central banks
Breakup of Financial Services Authorities puts Bank in charge of regulation and crisis avoidance in biggest shakeup since 1997
03/31/2013
Hargreaves rocked by the Revenue decision to tax commission discounts
The tax would apply only to investments not held in Isa or pension accounts and would involve average payments of just £10, suggesting it posed more of an administrative headache than a financial loss.
03/31/2013
Deloitte Boss Blames Law For Tax Avoidance
As an example of a practice no longer deemed acceptable, he cited the way banks used trust arrangements to pay bonuses to employees that meant they avoided national insurance and allowed them to defer the tax on those bonuses.
03/28/2013
France's Hollande Hits Companies With 75% Wealth Tax
"I am sticking by my pledge," Hollande said
03/28/2013
Royal Bank of Scotland sued for misleading investors in 2008 crisis
Former chief Fred Goodwin could give evidence as pension funds and ING take bank to court over huge losses
03/28/2013
ABN Said to Fire Bankers After Oil Trading Firm Prompts Probe
The Amsterdam court ruled ABN Amro was entitled to suspend the bankers before completing its investigations.
03/27/2013
FSA review leaves banks £50bn down and £25bn short
A review by the Financial Services Authority that has re-evaluated the value of bank assets
03/27/2013
AWD Chase de Vere to be lead case in FSCS Keydata legal battle
There are around 500 adviser firms being pursued by the FSCS, relating to about 1,500 Keydata investors.
03/26/2013
Taylor Wessing rejigs German management
He was previously international head of Taylor Wessing’s China Group, and will also continue to lead the practice internationally.