Legal, Regulation & Compliance

01/01/2013

FSA fails to crack down on bankers' pay

FSA staff have been holding back from launching enforcement cases and are instead opting for regular informal conversations with banks and brokers.

01/01/2013

Expats in Spain warned to declare offshore assets

The new rules come into force just a month after a tax amnesty ended. As reported, under that scheme, Spanish taxpayers with undeclared taxable assets were given the opportunity to declare them in return for having to pay no more than a flat 10% levy.

12/27/2012

Swiss hint of U-turn reopens rift over bank secrecy

Switzerland's aim of preserving banking secrecy has been cast in doubt after the finance minister suggested all options are open, reopening the debate over a pillar of the country's economy.

12/27/2012

Greek prosecutors comb through Swiss bank account list

Given to Greece for a second time by French authorities on December 21, the list contains hundreds of names of Greek account holders at global bank HSBC in Switzerland, which authorities want to investigate over suspected tax evasion.

12/23/2012

Libor accused Tom Hayes moved shares into wife's name

Tom Hayes, the British former UBS trader charged in the US with rate-rigging, made arrangements to transfer £50,000-worth of shares in a tech start-up into his wife’s name as the Libor allegations emerged, it can be revealed.

12/23/2012

The Depository Trust & Clearing Corporation

The budget minister is at risk of losing his portfolio in an imminent shake-up, newspapers Le Parisien and Le Journal du Dimanche both reported on Sunday, citing unidentified government sources.