02/12/2014
SEC names new chief accountant in Enforcement division
The Securities and Exchange Commission today announced that Michael F. Maloney has been named the new chief accountant in the SEC’s Division of Enforcement.
02/11/2014
Investment bank UBS has suspended two members of its staff in Hong Kong after launching an investigation into the hiring of an employee related to the head of a mainland corporate client.
02/11/2014
In this brochure, to illustrate the complex issues that can arise in this area, we have provided a case study of what one might, at first sight, assume to be a straightforward situation. In fact, and as we show, it is anything but.
02/11/2014
A former senior UBS private banker has agreed to plead guilty in connection with a criminal indictment for selling offshore tax-evasion services to wealthy Americans
02/11/2014
A bill being debated in Brussels would force UK citizens to disclose 'reams' of private, financial information on a public register
02/11/2014
The number of people keeping money secrets from their partner is on the rise.
02/11/2014
Bedell Trust has been included in the coveted list of ‘Most Admired UK Companies’ for the fourth consecutive year.
02/11/2014
Ex-Hedge Fund Manager Sues E&Y Over Charity Tax Relief Failure
Her Majesty’s Revenue & Customs investigated De Camaret and intends to “impose penalties,” according to the suit filed Dec. 6 in London and released last week.
02/11/2014
Changes to the way partnerships are taxed could spark a trend of wealth and fund management limited liability partnerships moving to incorporate.
02/10/2014
The 2014 French Finance Act and the 2013 Amended Finance Act: Final version of the new measures
The main tax measures of these two laws are summarised below. However, these are subject to any comments the tax administration may have on the different regimes concerned.
02/10/2014
FCA finalised guidance on AIFMD remuneration
These provisions can be particularly important for bigger groups with multiple business lines and for non-EU managers who market only a few AIFs in the EU
02/10/2014
Ex-UBS Executive Weil Faces Eight-Month Wait as U.S. Trial Delayed
The highly-anticipated U.S. trial of former UBS AG executive Raoul Weil has been pushed back to October, leaving the former Swiss banker to languish in overseas legal limbo for the better part of this year.
02/10/2014
Swiss bank UBS AG approached U.S. authorities in September with information relating to an industry-wide probe into alleged rigging of currency markets, in the hope of gaining antitrust immunity if charged with wrongdoing
02/10/2014
Amid the spate of cases, the public perception of tax-dodging is shifting from that of a naughty but common misdemeanour to a crime and a moral assault on fair burden sharing in society.
02/10/2014
New rules will say that banks have to improve their behaviour across the industry through a series of ethical guidelines and a new committee to oversee improvements
02/10/2014
Financial industry executives are almost as concerned about the growing demands of regulatory compliance as they are with market volatility
02/10/2014
The regional court in Stuttgart, where sports-car maker Porsche is based, expressed strong doubts about the case brought by hedge funds including Viking Global Investors, Glenhill Capital and Greenlight Capital.
02/07/2014
The National Pension Reserve Fund has terminated the mandate held by State Street Global Advisors to manage €650 million worth of equities for it
02/06/2014
Bankers face 4 year minimum jail time in EU crackdown
Financial market abusers could face a minimum of four years in jail under new plans voted through the European Parliament on Tuesday amid a string of financial scandals.
02/06/2014
all affected securities are no longer listed on the Official List of the CISX but instead listed on the CISE. Issuers will be subject to the Listing Rules and other mandatory requirements of the CISE;