Managers of Wealth

HMRC confirms VAT exemption on discretionary transactional fees

It stated that VAT should not be levied on fees charged strictly on a transaction by transaction basis

Global ETF regulation proposed

The International Organisation of Securities Commission (IOSCO) has issued a report outlining how it wants exchange traded investment vehicles regulated globally.

Barclays calls lawyers in for cost-cutting summit

Barclays’ external legal advisers are expecting widespread spending cuts by the bank’s legal function as part of its Transform Programme

Surveying the wreckage of torpedoed Swiss-US tax deal

House of Representatives finally threw out plans to allow banks to pass over confidential data to the US.

Swiss Court Blocks Credit Suisse From Sending Data on Employee To US

Douglas Hornung, an attorney representing the unnamed Credit Suisse employee, said he won an interim ruling in January blocking Credit Suisse from transferring the data. That ruling was confirmed by the civil court in Geneva on Friday, Mr. Hornung said.

Libor scandal: regulators launch global review

Mark Carney, chairman of the Financial Stability Board and incoming Governor of the Bank of England

Barclays under German taxman's gaze over tax credits

German tax authorities are investigating Barclays over the use of legal loopholes

Kuwait sheikh sues UBS for $21.4 mln in Dubai court

A Kuwaiti sheikh is suing UBS AG for $21.4 million

Conyers shuts Moscow after five years in Russia

Conyers established its Moscow office in 2008, sending partner Caroline O’Hare to Russia to manage the office.

KPMG Again Ranked Among World's Best Outsourcing Advisors

KPMG receives highest designation of "balanced performance" by leading industry organization

FFW snares longstanding Taylor Wessing partner in three-lawyer swoop

Field Fisher Waterhouse has ratcheted up its City partner recruitment by hiring three lawyers from a trio of firms

Nigel Farage set up offshore fund to avoid tax: UKIP leader admits "it was mistake"

The UKIP leader paid a tax adviser to create a trust in the Isle of Man – which he intended to channel funds through

ABN AMRO clearing unit fined $1M over account breaches

Settling the charges without admitting or denying wrongdoing

SimCorp Webinar Addresses Challenges with Growth and Regulatory Requirements

Following on the heels of the global financial crisis, progressively more legislative regulation has been initiated to increase control and supervision.

UK law firm adds three partners to private client group

Plans for further significant growth in private client legal services work with the appointment of three experienced partners and several other fee earners to its national Family law team.

Former UBS and Citigroup trader charged over Libor-rigging scandal

Hayes has been charged with eight counts of conspiracy to defraud for his alleged role in manipulating the price of benchmark interest rates at the heart of the banking industry.

FCA asks Hargreaves to reveal details of share class negotiations

A preferentially-priced 'super clean' share class made available to a few distributors, or a clean share class with a rebate - which would be taxable.

Swiss lower house refuses to vote on US bank deal

Swiss lawmakers refused to bow today to pressure to vote on a deal with the United States exposing US tax dodgers

Panel backs Commission over tougher standards for bankers

We are delighted that our call for tougher professional standards has been endorsed with the suggestion of a new Senior Person Regime and a new set of Banking Standards Rules.

UK prepares charges against former UBS Libor trader

He has already been charged in the U.S., which is running a parallel criminal probe.

Legal,Regulation,Tax & Compliance