11/13/2012
Judge orders Barclays to reveal names of 208 staff linked to Libor probe
Lawyers for Barclays will on Wednesday disclose the names of 208 staff caught up in the scandal
Legal, Regulation & Compliance
11/13/2012
HMRC faces paying back £5bn to £7bn in tax
The judgment, handed down on Tuesday, threatens to open the floodgates for businesses
11/12/2012
Advisers face 500 complaints over Ucis and film investments
The Financial Times reported that nearly 500 investors were considering making a complaint against their adviser for allegedly mis-selling investments in film production companies and Ucis over the past decade.
11/12/2012
German prosecutors search UBS clients in tax probe
A number of state prosecutors and about 50 tax investigators were undertaking the searches of domestic German clients of UBS
11/12/2012
FSA publicly censures London credit union
“Credit unions are vital institutions for the communities they serve, and the members of The Pentecostal Credit Union deserved better.”
11/12/2012
Bakers begins hunt for UK head as Senior prepares to step down
Senior figures in the City office have started taking soundings from partners about a replacement for Senior, who was first elected to the position in 2003.
11/12/2012
International law firm hires hedge fund expert
He was previously with Allen & Overy
11/12/2012
HMRC launches website in tax evasion amnesty
Campaign is part of HMRC’s “broader work” to tackle evasion and fraud that is being funded with £917m from government.
11/12/2012
Taxman’s avoidance and evasion crackdown hits record yield
THE TOTAL YIELD from investigations into tax avoidance and evasion hit £21bn in 2011/12, a jump of approximately a third.
11/12/2012
Savoy Investment Management slapped on the wrist by FSA for wealth management failings
As a result of these failings, a review of a sample of files found that 23% showed a high risk of unsuitability.
11/12/2012
Panel welcomes Bill concession on access to financial services
The Financial Services Consumer Panel has today welcomed changes to the Financial Services Bill that will enable the regulator to take account of access to financial services for consumers.
11/11/2012
Barclays probed by US over Saudi banking licence
Barclays is under investigation by US authorities into whether it made improper payments to secure a banking licence in Saudi Arabia, according to reports.
11/11/2012
RBS, UBS Traders Said to Face Arrest in Libor Probe
Police, directed by Serious Fraud Office prosecutors, will act in the next month, said the person, who declined to be identified because the matter isn’t public.
11/11/2012
London Stock Exchange gets French OK for LCH.Clearnet takeover
The London Stock Exchange (LSE.L) has won the backing of French regulators for its planned takeover of LCH.Clearnet, taking the LSE a step forward towards completing a deal which it has said will be transformative for its business.
11/11/2012
'Significant' developments imminent in Libor inquiry, says Serious Fraud Office
The government department said in July it could prosecute banks
11/11/2012
Multi-millionaire Labour MP's family business 'paid just 0.25% tax on its profits'
She is now likely to face questions over the limited tax paid by Stemcor, the steel trading company of which she is a shareholder and which was founded by her father and is run by her brother.
11/11/2012
EU Banker Bonus Plan May Be Watered Down
Without that approval, the maximum would be 300% of fixed pay.
11/11/2012
Greece Takes Aim at Tax Evasion Among Wealthy
In recent weeks, tax experts at Greece’s finance ministry have been scrutinizing the finances
11/11/2012
Potential APAC legal transformational tie-up revealed
The UK firm is pushing to pursue a combination with the Chinese and Australian firm,
11/08/2012
Aussie firm to take S&P fight to Europe
The Federal Court of Australia ruled that S&P's assessment of the “grotesquely complicated” CPDOs