07/09/2013
UK Wealth Management founder sets up legal services firm
IFA firm UK Wealth Management founder Peter Jones has set up a legal services company that allows advisers to become partners in the business
Legal,Regulation,Tax & Compliance
07/09/2013
SEC Approves JOBS Act Requirement to Lift General Solicitation Ban
The Securities and Exchange Commission today adopted a new rule to implement a JOBS Act requirement to lift the ban on general solicitation or general advertising for certain private securities offerings.
07/08/2013
International law firm turns to Withers for London private client hire
She is qualified in England & Wales, the Cayman Islands and the British Virgin Islan
07/08/2013
Thomson Reuters Suspends Early Distribution of Consumer Data
The news and information company has an agreement with the University of Michigan to allow some of its clients to receive the data 2 seconds before its other clients
07/08/2013
The Clifford Chance Millionaire Partners Still Envious
Clifford Chance may have suffered from a fall in partnership profits, but it hasn’t prevented the partners taking home £1 million each.
07/07/2013
Capital requirements for banks' equity investments in funds - consultative document
The Committee believes the revised standard will more appropriately reflect the risk of a fund's underlying investments and its leverage.
07/07/2013
OECD set to target tech giant tax evasion strategies
Corporate tax avoidance has become a hot political issue following public outrage over revelations in the past year
07/07/2013
PRA and FCA welcome Internal Audit guidance
The regulatory authorities welcome the publication, by the Chartered Institute of Internal Auditors, of the guidance
07/06/2013
EU plots transatlantic bank regulator
The European Union is to push for an agreement on banking and financial services as a key part of this week’s historic trade talks with the US
07/06/2013
US Can’t Keep FATCA Promises, Claim Opponents
Campaigners lobbying against the US Foreign Account Tax Compliance Act
07/06/2013
Inquiry into Vatican bank chief dropped
The two directors left the bank on Monday last week after the arrest of a senior cleric who is accused of plotting to smuggle millions of euros into Italy from Switzerland.
07/05/2013
Yellow Pages CEO loses $25.4m in 2 days, sues UBS
Although he suffered the losses more than five years ago, and had repaid the debt before last January, Mr Chen regarded this as a breach of contract by UBS.
07/05/2013
Banks fear new leverage proposal
Proposals to reform British banking by the Parliamentary Commission on Banking Standards will have a “profound” impact on the industry, the British Bankers’ Association (BBA) has said in its first detailed comments on the report.
07/05/2013
Swiss banking industry casts doubt on £3bn tax windfall for UK
He had been banking on it raising £3.2 billion this financial year—money already factored into the budget.
07/05/2013
Vatican bank joins global 'fight against money laundering'
THE revelations of wrongdoing currently rocking the Vatican bank couldn't have come at a worse time for the Swiss-born anti-money laundering expert hired to lead the Holy See's push for greater financial transparency.
07/04/2013
Withers European and Asian US teams grow
He is currently based in our Singapore office with US partner Jay Krause and UK partners Simon Michaels and Philip Munro.
07/04/2013
Swiss tax agreement with UK proceeding on schedule
Under the terms of the agreement UK clients had until the end of May 2013 to decide whether to regularise the past by opting to pay the one-off flat-rate withholding tax or disclosing their assets to the UK tax authorities.
07/04/2013
FCA cancels permissions of Edinburgh-based adviser
The final notice said: “As Sovereign is failing, and will continue to fail, to satisfy the threshold conditions, the authority hereby cancels its permission.”
07/04/2013
Credit Suisse puts UK tax deal hit at $94m
Swiss bank Credit Suisse said on Friday it sees a maximum hit of 90 million Swiss francs ($94.1 million) from a British-Swiss tax deal aimed at sweeping Swiss banks clean of undeclared money held in accounts of UK clients.
07/04/2013
Germany strikes pact with U.S. to fight tax evasion
Germany approved new legislation on Friday that will assist the United States in cracking down on tax evasion by its citizens, joining a series of countries to strike such deals with Washington.