10/28/2013
Swiss Exchange Probes Liechtenstein Bank’s Director Deals
The Zurich stock exchange’s regulatory unit said it’s investigating Liechtensteinische Landesbank AG for possibly breaching rules on the disclosure of management transactions.
Legal,Regulation,Tax & Compliance
10/28/2013
HMRC collects just £780m from supposed £3bn Swiss tax deal
The original deal between the Swiss and British governments was agreed in 2011.
10/28/2013
The Edward Snowden Of The Banking World Keeps One Eye Open While On The Run From The Swiss And Helping Europe Snag Tax Cheats
Falciani has been welcomed with open arms by several European countries
10/28/2013
Changes made to FINMA circulars to implement the Basel III regime
In order to implement the Basel III regime, FINMA has made changes to certain aspects of four of its circulars.
10/28/2013
The Federal Department of Finance: Consultation On New Standards
Following the revision of the Swiss Code of Obligations concerning financial reporting, the accounting standards applicable to banks and securities dealers are being amended accordingly.
10/27/2013
Fund managers face £3bn hit if sell-side research is banned
Asset managers are under pressure to provide greater transparency and accountability in terms of how they pay for the equity research they receive
10/24/2013
International law firm expands Asian family practice
The newly appointed Chinese team members will further expand and strengthen our offering to the growing Chinese high net worth market.
10/23/2013
Bond Dickinson boosts private wealth team
The new recruits will join our nationally recognised team of expert advisers who make up one of the UK’s largest Private Wealth practices.
10/23/2013
City regulator unveils plans to regulate crowdfunding
The Financial Conduct Authority has proposed new rules for regulating the crowdfunding and peer-to-peer lending industry.
10/23/2013
Swiss bourse investigates UBS over ad hoc publicity
The Swiss bourse has opened an investigation into whether UBS may have violated rules on releasing news last year when it announced a major restructuring and a settlement of Libor-related claims
10/22/2013
Swiss banker arrest may be tip of iceberg
The arrest of former UBS wealth management boss Raoul Weil in Italy at the weekend has sent out a stark message that there is no place to hide from United States prosecutors seeking payback for years of Swiss-sponsored tax evasion.
10/22/2013
Bankhall launches workshops for compliance officers
It comes as the FCA increases its focus on Retail Conduct Risk and the need for firms to identify and review emerging risks and act upon any gaps identified.
10/22/2013
HMRC may impose VAT on platform charges
HM Revenue & Customs is investigating whether platform charges should be subject to VAT.
10/22/2013
FCA naming and shaming: is it right?
Firms under FCA investigation would not be named until it had decided to take action.
10/21/2013
Advisers eye execution-only offerings despite FCA scrutiny
Half of advisers have thought about launching an execution-only proposition following the introduction of the Retail Distribution Review
10/21/2013
German prosecutors search UBS's local offices in tax probe
The move is part of a broader campaign by the German authorities to fight tax evasion, following similar raids to unearth possible untaxed funds hidden in accounts at Credit Suisse and Julius Baer.
10/21/2013
Ukraine, EU to establish automatic exchange of tax information
Experts say the automatic exchange of tax information between Ukraine and the EU will provide additional opportunities to address the hiding of income in other countries and tax evasion.
10/20/2013
Fugitive UBS banker arrested in Italian luxury hotel
He was arrested at the hotel and he is now being held in prison
10/20/2013
France probes foreign tyrants' wealth
France is delving into what it calls the "bien mal aquis"
10/20/2013
Linklaters relocates Stockholm PE head following Bagshaw and Youle exits
The pair are set to leave the magic circle firm at the end of December to join the London office of White & Case.