Managers of Wealth

Three arrested in FSA insider dealing investigation

Three men aged 33, 37 and 39 have been arrested and are currently in custody to be questioned in connection with an investigation in to insider dealing and market abuse.

British Bankers' Association Approves Libor Transfer To New Operator

The absolute priority is to ensure the provision of a reliable benchmark

SINNING bankers are paying a £1million donation to help fallen war heroes’

SINNING bankers are paying a £1million donation to help fallen war heroes’ grieving families

Guidelines on certain aspects of the MiFID suitability requirements

Firms should also make sure that the client understands the notion of investment risk as well as the relationship between risk and return on investments. To this end for instance, firms should consider using indicative, comprehensible examples of the leve

Norton Rose supports launch of Link - the LGBT Insurance Network

Norton Rose has been instrumental in creating Link - the Lesbian, Gay, Bisexual and Transgender Insurance Network - and is supporting its launch.

Big Four chastised by Competition Commission

The Commission made clear that auditors are accountable to shareholders first and foremost

Libor Fixing Scandal: Brussels Adds Swiss Franc Swaps to Probe

The European Commission has expanded its 18-month antitrust investigation to include new currency denominated financial product

Canadian Securities Regulators' Enforcement Report Highlights Fraud

"CSA members work hard to combat securities fraud and we place particular emphasis in our enforcement work on the violations that constitute fraud."

Libor setting 'still not clean' despite scandal

The Libor scandal emerged in June last year when UK and US authorities fined Barclays £290m for fixing the key inter-bank interest rate.

Withers turns to Appleby for pan-Europe investment push

Matthew Feargrieve joins Withers’ Zurich office after three years in the offshore firm’s Swiss base

Russia loses £52bn a year in tax evasion and illegal transfers, says bank chief

This could be the payment for the delivery of drugs or other goods forbidden to bring in too Russian territory

Libor setting 'still not clean' despite scandal

He suggested that the rate was often "completely made up"

Austrian Study Cautions Against New Wealth Taxes

Insisting that new wealth taxes are "utter nonsense" from an economic point of view

Goldman private wealth client holds suspect Heinz account-filing

The U.S. Securities and Exchange Commission filed a lawsuit against unknown traders last week

Sound remuneration policies on the AIFMD - Final guidelines released - Withers

The Guidelines follow ESMA’s consultation on the draft remuneration guidelines which closed in September 2012.

FSA launch adviser charging review

FSA has launched a thematic review into the disclosure and delivery of adviser charging in the post-RDR regulatory landscape

G20 ‘determined’ to address tax evasion by multinational companies

“We are determined to develop measures to address base erosion and profit shifting.”

Leumi and Tefahot implicated in Los Angeles tax evasion case

According to an indictment against a former Israeli businessman, the alleged tax evasion took place between 2003 and 2010, and involved the opening of a bank account in Israel.

Old Mutual under probe in London over Zimbabwe diamonds

Simultaneously, UK parliamentarians are calling for tougher measures against all Marange diamond miners, including naming them on the sanctions list, as well as asking for an investigation into one major City name – FTSE 100 financial services firm

FSA Faces Legal Action over Mis-Selling Derivatives Review

The Manches-led group action has three months from the date the findings from the Pilot Scheme were announced to file the lawsuit.

Legal,Regulation,Tax & Compliance