12/03/2012
SEI gears for post-RDR UK push
SEI Investments is a Pennsylvania-based investment giant, currently running $195bn in assets under management globally.
Legal, Regulation & Compliance
12/03/2012
German Tax Authorities Look Into Deutsche Bank, Commerzbank Clients
The inquiries have become public a few days after tax authorities raided the offices of the German unit of Italy's UniCredit SpA, HypoVereinsbank, on suspicion of tax evasion.
12/02/2012
Ascentric adds legal services to platform
The products are available online and a fully-qualified solicitor will review every case to ensure client needs are met properly.
12/02/2012
B of A, UBS Settle Derivatives Dispute With Italian Region
B of A and UBS brought suit in a London court against Lombardy to uphold the swap arrangement.
12/02/2012
FSA delays platform paper publication to 2013
The Financial Services Authority (FSA) has extended its deadline for platforms to implement the changes it will implement in its forthcoming platform policy paper.
12/02/2012
France Sexy No More for Entrepreneurs Escaping Hollande
France looks more like an old maid to me
12/02/2012
Adoboli’s Ex-Manager Sues UBS Saying Firing Was Race Bias
He was UBS’s head of European cash trading, alleges race discrimination and unfair dismissal in a lawsuit filed in June at a London employment tribunal
12/02/2012
Third time unlucky for UBS
UBS faces a third FSA investigation in four years, this time for Libor. A record-breaking fine is coming its way…
12/02/2012
FSA issues warning over 'rare earth' metals investments
An increasing number of people are being approached by firms promoting investments in rare earth metals and related schemes.
11/29/2012
UK government rejects calls for British version of FATCA
Magazine claims draft legislation exists already
11/29/2012
UniCredit unit offices raided in probe
The raids, at the behest of Frankfurt prosecutors, were carried out by 60 police, tax inspectors and federal criminal investigators. Eight people were being investigated on suspicion of deliberate tax evasion.
11/29/2012
FSA to review bribery and corruption in the asset management industry
The law firm says twenty two asset managers have already been identified for review with the regulator set to publish its report in the third quarter of 2013.
11/28/2012
Barclays sacked five staff over Libor manipulation scandal
Rich Ricci, the head of Barclays investment bank, revealed 13 staff had been disciplined in total
11/28/2012
Libor Lending Rates Were Probably Fixed, German Regulator Says
Probes are continuing into the alleged manipulation
11/28/2012
London Stock Exchange CEO says Italy Tobin tax an error
The London Stock Exchange controls Italy's Borsa Italiana
11/27/2012
HSBC Compliance Would Now Catch Improper Sales, U.K. Head Says
A reputational risk committee scrutinizes very profitable trades and products, Simoes told a panel of the Parliamentary Commission on Banking Standards today.
11/26/2012
Kuwait investment firm uses UK court to implement debt restructuring
The Kuwaiti investment company and asset manager, undergoing its second debt restructuring in three years, may be able to implement the plan as soon as next week if it wins the approval of a High Court of Justice in London scheduled for December 3.
11/26/2012
German banking association asks for delay of Basel III until 2014
The introduction of Basel III in the European Union should be as closely timed
11/26/2012
Ashurst outpaces Linklaters in top client ranking
Magic circle firm Slaughter and May remains dominant in the rankings, advising 42 of the FTSE250
11/25/2012
'Double strike’ fear for RBS over Libor fines
The Royal Bank of Scotland is concerned it could receive a “double hit” of separate fines for its alleged involvement in the Libor-fixing controversy, one from the Financial Services Authority and one from the US regulators on separate days.