10/14/2012
Two grad students discovered Libor rate rigging in 2010
Students Connan Snider and Thomas Youle were repeatedly turned down by academic finance journals
Legal,Regulation,Tax & Compliance
10/14/2012
HMRC tightens screw on expat workers in City
HMRC received £117.2m from its expat team’s compliance work in 2011-12, on top of the tax already paid by foreign workers in the City.
10/14/2012
Barclays fined by Asic for client money infringement
In determining the appropriate penalty in this matter, the Markets Disciplinary Panel took into account all relevant guidance in ASIC
10/11/2012
Ex-UBS Client Avoids Prison in Offshore Tax Case
He cooperated with prosecutors in a crackdown on offshore tax evasion.
10/11/2012
UBS Executive Probing Adoboli Trades Ignored Co-Workers
Prosecutors say Adoboli, who is on trial for fraud and false accounting tied to the trading loss
10/11/2012
Top personal income tax rates increase in 2012: KPMG
Even prior to the rate reduction, the UK drops from 4th highest to 5th highest in the EU
10/11/2012
Tax havens and tax hells
KPMG's latest Individual Income Tax and Social Security Rate Survey covers 114 countries and finds 10 countries that charge no personal income tax at all.
10/10/2012
Police bust wine merchants for tax evasion
Three officials for the Italian customs agency in Naples and Bari are also being probed.
10/10/2012
Singapore unveils proposals to tackle tax crime
Having flagged its intentions in October last year, Singapore's markets watchdog yesterday started a consultation* on designating tax crimes as money laundering (ML) predicate offences.
10/09/2012
The Intruders crash investment banking awards dinner
The awards dinner run by The Banker magazine is billed as 'the Oscars of the investment banking industry'
10/09/2012
Libor-rigging bankers should be jailed, survey finds
Almost 90pc of people in the UK believe bankers who commit fraud or manipulate markets such as Libor should be jailed
10/08/2012
Govt to step up 'ruthless pursuit' of tax avoiders
"We are the party for low taxes for the many, not of no taxes for the few."
10/07/2012
My tax gift to Middle England: Osborne pledges NO mansion tax, NO wealth tax and FREEZE on council tax
Chancellor George Osborne announced the tax breaks
10/07/2012
Germany to negotiate deal with Singapore against tax evasion
Germany will start talks with Singapore next week on a deal to prevent its citizens from evading taxes
10/07/2012
European parliament to make Libor-rigging criminal offence
European Parliament will widen scope of its market abuse rules
10/07/2012
Subtle shift signals 'profound change' in bank regulation
Major policy proposals from Britain’s banking regulators
10/07/2012
Solvency II delays 'are a major worry’
Delays to the introduction of controversial new capital rules for Europe’s insurers
10/04/2012
A Hedge Fund Has Physically Taken Control Of A Ship Belonging To Argentina's Navy
The hedge fund, run by the US billionaire Paul Singer, has been closely monitoring the course of the Libertad, according to sources familiar with the firm.
10/04/2012
Ex-Greek deputy interior minister in wealth probe kills himself
He served as deputy interior minister from 1999-2000 after being elected to parliament as a lawmaker for the socialist PASOK party in 1993.
10/03/2012
Miliband ducks questions over his own wealth
Ed Miliband found it easy enough to criticise David Cameron’s “millionaire” status, but when questioned about his own personal wealth, the Labour leader struggled to find an answer.