04/18/2012
Fewer investors fall for 'boiler room’ share scams
But the number of people who actually invested with a share fraudster after being contacted by them dropped by 7pc, from 831 in 2010 to 770 in 2011.
Legal, Regulation & Compliance
04/18/2012
Ex-Cantor Traders Fighting FSA’s Market-Manipulation Fine
They were trading on the instructions of Stefan Chaligne, an equity-fund investment manager.
04/18/2012
UBS Unit Will Cooperate With French Tax-Evasion Investigation
Paris prosecutors opened a formal investigation April 12, after conducting a preliminary inquiry with the customs service into a complaint by France’s Prudential Control Authority in February 2011 over the bank’s practices in France.
04/18/2012
CPSS-IOSCO issue new standards for financial market infrastructures
CPSS and IOSCO members will strive to adopt the new standards by the end of 2012. Financial market infrastructures (FMIs) are expected to observe the standards as soon as possible.
04/17/2012
Dewey exodus continues as London and Dubai quartet head for Dechert
The team also includes two partners in the firm's Dubai office, with corporate duo Gavin Watson and Chris Sioufi also joining Dechert, which currently does not have a presence in the United Arab Emirates.
04/17/2012
Belgium Opens Way For Sanctions of Fortis Officials
The decision to pass the case to the sanctions committee, which is composed mainly of independent magistrates, means the FSMA considers that there is enough evidence to take the case forward and that there will be no settlement with the parties involved.
04/16/2012
Austria clinches quick Swiss tax deal to bolster budget
But Austria's deal is far less favourable than those struck by Britain and Germany, which both responded to political pressure by extracting big up-front payments and more concessions from Switzerland.
04/16/2012
Barclays rocked by new claim of swaps mis-selling
The Bays allege that Barclays sold them a 20-year "interest rate enhanced collar" in September 2008 that immediately began to cost them thousands of pounds every quarter as interest rates were cut to historic lows in the wake of the financial cr
04/16/2012
One in 10 rich 'pay under 20% basic tax rate'
Almost one in 10 people earning more than £10 million a year is paying less than the 20% basic rate of income tax, the Treasury says.
04/16/2012
International law firm appoints new head of Global regulatory and corporate crime
He brings with him a team of senior lawyers and support staff, including two senior counsels
04/16/2012
French magistrate to examine UBS charges
An independent French magistrate has been named to examine the commercial practices of Swiss bank UBS AG, financial daily Les Echos reported on Monday.
04/13/2012
Schroders produces KIIDs for Luxembourg range before July deadline
The British fund manager has marked 14 May as the day it will produce the information documents for investors - about six weeks before the 1 July deadline set by the European Union for regulated products.
04/13/2012
DLA appoints new UK managing partner in top-level shake-up
Darwin (pictured) is replacing David Bradley as UK managing partner, with Bradley returning to full-time practice in the employment, pensions and benefits group.
04/13/2012
Leading offshore law firm advises Cinven on CPA Global acquisition
The transaction proceeded by way of a Jersey scheme of arrangement and has received the required regulatory approvals and the sanction of the Jersey Royal Court.
04/12/2012
Financial Services Authority plans are 'gift to the swindlers'
The proposals, dubbed a ‘fraudster’s charter’, come as part of a radical shake-up of the Financial Services Compensation Scheme, the safety net which protects savers and investors.
04/12/2012
Top Swiss bank fends off lawsuit of billionaire US tax evader
Olenicoff sued UBS in 2008, accusing the bank of fraud, conspiracy and other charges in handling some US$200mil he kept in offshore accounts and claiming that UBS had wrongfully advised him that he did not have to report them to the IRS.
04/12/2012
95% of UK organisations 'do not comply with EU cookie law'
New regulation comes into effect next month, with financial penalties for non-compliance
04/11/2012
France's Hollande Unveils 'Vast' Tax Reform Plans
Denouncing the legacy of outgoing President Nicolas Sarkozy’s five-year term in office, marked by accumulated debt of EUR612bn (USD799.7bn), by a proliferation of supplementary finance laws and incoherent budgets, aimed at maintaining the fiscal pri
04/09/2012
France tightens grip on super rich
Tax rises for the wealthy are at the heart of the debate and if the left wins, France could become the country with the highest tax on the rich in the EU, and one of the most punishing in the world.
04/09/2012
German Tax Office in Talks to Buy Swiss Bank Data, Spiegel Says
One of the sets of data is information from the Zurich Coutts Bank, a unit of the Royal Bank of Scotland Group Plc, the German magazine reported.