03/11/2013
HSH Nordbank Settles 2008 CDO Suit in N.Y. Against UBS
The two sides have reached a settlement
Legal, Regulation & Compliance
03/11/2013
FSA secures four year sentence for insider dealer
Joseph’s trading resulted in a net profit of £591,117 on trading between September 2007 and July 2008.
03/10/2013
DLA appoints new UK head
DLA Piper has named IP partner Mark O’Conor as UK managing partner after incumbent Andrew Darwin relocated to Australia to help integrate the Asia business with the rest of the firm.
03/07/2013
FSA bans Cru IM co-founder for lack of integrity
“This case graphically illustrates the consequences of failing to engage with the responsibility of being an approved person.”
03/07/2013
IFA firm director banned from working in regulated financial services
"He both failed to understand or act upon either his personal duty to his customers or his obligations as principal to a number of Appointed Representatives."
03/07/2013
Hedge Fund Manager Charged in US Captured in Italy
He was the founder and chief investment officer of Absolute Capital Management Holdings Limited, a Cayman Islands-based investment advisor that managed nine hedge funds from 2004 until September 2007.
03/06/2013
Government and FSA seek to restrict UCITS managers' 'inducements' to advisers
The Commission outlined plans to reform rules relating to UCITS in the summer last year.
03/06/2013
HMRC tax crackdown on second home sales
Revenue offers limited lower penalties for people who sold second properties but didn't pay enough capital gains tax – but promises harsh subsequent penalties
03/06/2013
HSBC considers switching auditors from KPMG
This would be the first time since 1991 that the bank has put in place a tender process for its external auditors.
03/06/2013
Deutsche Bank 'overcharged investors by millions of dollars in British stamp duty'
Investors were overcharged millions of dollars in British taxes by Deutsche Bank
03/06/2013
Hogan Lovells names new London head in top-level management revamp
Hogan Lovells has overhauled its international management committee, with a number of high-profile changes set to take effect this year, including the appointment of antitrust partner Susan Bright as London managing partner.
03/05/2013
Bracewell names Herbies' finance partner as London senior partner
The appointment is a further boost to Bracewell’s energy practice ambitions.
03/05/2013
Coller Capital expands with Slaughter and May hire
Coller last year acquired £1.05bn of private-equity assets from Lloyds Banking Group.
03/05/2013
DST Hosts Webinar to Address Top Wealth Management Reporting Challenges
Leading analyst firm CEB TowerGroup to join DST Global Solutions
03/05/2013
Former tax president jailed for tax fraud
Mr Meeson and associate Peter Bradley were both found guilty and jailed
03/05/2013
FSA was warned of 'significant' Libor problem in 2008
Bank regulators realised as early as 2008 that manipulation Libor could pose a “significant” problem
03/05/2013
London- based wealth manager Says Ex-Employee Arrested on Suspicion of Fraud
The firm reported the broker, who retired on Aug. 3, to the police and Financial Services Authority
03/05/2013
Judge Clears Path for Trial Against French Bank's Hamas Accounts
U.S. District Judge Dora Irizarry denied French banking giant Credit Lyonnais SA's motion for summary judgment last Thursday
03/05/2013
Commerzbank Says in Appeal Dresdner Bonus Ruling Flawed
Commerzbank, which bought Dresdner in 2009, said the awards weren’t deserved after a 6.5 billion-euro loss
03/04/2013
Brits With Homes Overseas Face CGT Disaster
Hard-up Brits looking to sell their overseas second homes are being urged to think twice to avoid a double whammy that could leave them out of pocket.