05/03/2012
FSA seeks £100m for investors who lost out in Arch cru freeze
THOUSANDS of investors who were mis-sold Arch cru funds are in line for an extra £100m compensation.
Legal, Regulation & Compliance
05/02/2012
FSA confirms 30-month rule for ‘most’ RDR activities
For most investment activities, a retail investment adviser must attain an appropriate qualification within 30 months of starting to advise if they are working under supervision, the regulator said.
05/02/2012
FSA seeks £100m for investors who lost out in Arch cru freeze
THOUSANDS of investors who were mis-sold Arch cru funds are in line for an extra £100m compensation.
05/02/2012
SJ Berwin favours London in depleted promotions round
Allan, who focuses on both fund formation and fund-related transactions, is an addition to the firm’s investment funds partner offering,
05/02/2012
FSA seeks £100m for investors who lost out in Arch cru freeze
THOUSANDS of investors who were mis-sold Arch cru funds are in line for an extra £100m compensation.
05/01/2012
Low investor awareness of risk shows need for risk targeted funds
Half of people who have an investment product are only vaguely aware of the level of risk they are taking within that product according to new research by Skandia Investment Group.
05/01/2012
Watchdog may act on whistleblower’s KPMG complaint
Paul Moore, the former head of risk at HBOS, has complained to the Financial Reporting Council (FRC) over a report prepared by the auditor that approved his dismissal from HBOS in 2005.
05/01/2012
Northern Trust helps Sparebank1 Skadeforsikring meet its Solvency II requirements
Northern Trust has announced today that it is providing specialist custody and asset administration services to help insurance clients, such as Sparebank1 Skadesforsikring, help prepare for Solvency II.
05/01/2012
FSA seeks £100m for investors who lost out in Arch cru freeze
The Financial Services Authority has used new powers to set up the scheme after investors seeking low-risk products ended up with high-risk assets such as shipping and venture capital.
05/01/2012
SJ Berwin favours London in depleted promotions round
The City firm has made up four London associates and one in Frankfurt, down on the eight it promoted last year (6 May 2011).
05/01/2012
FSA fines wealth firm £26k for 'serious' failings
The FSA found that Christchurch’s Compliance Officer, Thornberry, failed to ensure that client money and assets were managed appropriately.
04/30/2012
KPMG faces inquiry over rescue of HBOS
Mr Moore’s complaint comes a week after it emerged that the former head of HBOS’s corporate bank, Peter Cummings, is to fight a seven-figure fine handed out by the Financial Services Authority for his part in the collapse of the bank.
04/30/2012
New SFO head David Green pledges agency 'here to stay'
There had been speculation Mr Green could have been tasked with merging the SFO into one of the other crime fighting agencies.
04/30/2012
Morgan Stanley May Seize Citypoint Tower, Sunday Times Reports
Beacon Capital has missed several interest payments on the Morgan Stanley loan used to buy Citypoint in 2007, the London- based newspaper said.
04/30/2012
Nearly 11,000 KPMG staff go unpaid
Usually KPMG staff are paid on the last Friday of every month however, they will now have to wait until after the weekend.
04/27/2012
FSCS payouts for bankrupt IFA firm approach the £250k mark
According to figures from the FSCS, it had received 38 compensation claims against CDH Insurance and Finance Consultants of Bangor in North Wales between 2011 and April 2012, and upheld 14 of these.
04/27/2012
BLP makes third hire this week with addition of Linklaters partner
Watson, whose start date has not yet been decided, will join BLP after 14 years in the partnership at Linklaters. She has been at the magic circle firm since joining as a trainee in 1990.
04/27/2012
Norton Rose further enhances structured finance and capital markets with new partner hire
He was previously a partner in Allen & Overy’s structured finance group
04/26/2012
CA freezes bank accounts of Pinay wife of British in £700M fraud case
The CA's freeze order was in response to an ex-parte petition filed by Philippine Anti-Money Laundering Agency, from which the UK's Serious Fraud Office (SFO) sought assistance.
04/26/2012
Do the right thing, UK watchdog Sants tells bankers
Britain's top banks such as Barclays, Lloyds and Royal Bank of Scotland have already been warned by investors to rein in excessive pay at a time of shrinking rewards for shareholders.