03/25/2013
British expats caught in drive to boost French taxes
Tax is indeed proving to be taxing for many inhabitants of France – including British expats
Legal, Regulation & Compliance
03/25/2013
FSA and Bank of England relax barriers to entry for new bank entrants
This Review sets out significant changes to regulatory requirements and authorisation processes which, taken together, will reduce some of the regulatory barriers to entry into the banking sector and, as a result, enable an increased competitive challenge
03/24/2013
Iceland Indicts 15 Over Financial Crisis
These are quite big cases by any measurement, they're my biggest cases so far
03/24/2013
Speechlys and Withers in talks over £170m merger
“What it’ll end up with is the world’s biggest private client firm."
03/24/2013
Gide trio quit firm for boutique venture
The news follows the recent departure of Gide corporate partners.
03/24/2013
BNP Paribas expands its global set-up for AIFMD
To better service its clients ahead of AIFMD, BNP Paribas continues to ramp up its global offering to better support asset managers and institutional clients throughout this latest implementation phase.
03/24/2013
FSA to set out proposals for new banks to challenge high street 'big four'
The FPC's pronouncement on the actual size of the shortfall are expected on Wednesday, shortly after the Financial Services Authority (FSA) sets out proposals to enable new banks to be set up more easily by allowing them to hold less capital than hig
03/24/2013
U.S. Seeks Answers in Liechtenstein on Tax Cheats
“Seeking documents from the Liechtenstein fiduciaries is an important investigative step,” which will shed light on “the roles of banks, of bankers outside of Liechtenstein,” the Justice Department wrote in the letter
03/20/2013
Credit Agricole to appeal against Emporiki tax decision
The capital boost was a condition of Credit Agricole's sale of Emporiki to Alpha Bank of Greece, which closed last month.
03/20/2013
IMF Chief’s Home Searched by French Police
The court opened its investigation into whether there was “complicity in forgery” or “complicity in misuse of public funds”.
03/20/2013
FSA announces stockbroker placed in administration regime
The firm’s placement into the regime marks the fourth time the SAR has been initiated by the FSA.
03/20/2013
Osborne seeks to curb drift of UK fund managers to Ireland
“Now we’re at the top. But in this global race, we cannot keep still,”
03/20/2013
Private client adviser charged with murder of Mayfair socialite
Troyan died on 8 March at his flat in Mount Street, Mayfair, central London.
03/20/2013
Standard Chartered in 'wilful' breach apology
Sir John Peace, the chairman of Standard Chartered, has been forced to issue a humbling apology for claiming that the bank had no “wilful” intention to break US sanction rules.
03/19/2013
Rothschild Loses Daily Mail Libel Suit Appeal in London
Rothschild lost his bid to replace the chairman and chief executive officer of Bumi last month.
03/19/2013
Dodd-Frank Swap Data Fails to Catch JPMorgan Whale, O’Malia Says
“The problem is so bad that staff have indicated that they currently cannot find the London Whale in the current data files.”
03/19/2013
French budget minister in tax fraud probe resigns
His resignation comes at a sensitive time for Hollande's government as it undertakes a process of redrafting deficit reduction plans vital to maintaining fiscal credibility with France's euro zone partners.
03/19/2013
COBA Project Shelved as MiFID 2 Indecision Scares off Funding
Having taken these positions into account, The COBA Project has concluded that there is insufficient support to pursue implementation as proposed. The COBA Project has been suspended pending the consideration of alternative proposals.
03/19/2013
UBS poised to quit scandal-hit Euribor panel
The banking sector has been rocked by repeated scandals over the manipulation of Euribor and its London-set equivalent, the Libor.
03/18/2013
A&O US financial services regulatory chief exits to join Milbank
While at A&O, he represented some of the largest US and foreign financial institutions.