Search Results for: tax authority
A Dysfunctional EU: What Future?
February 12th, 2016
Many believe that the European Union is, and can only ever be, a force for good and that the 500-plus million citizens of its 28 Member States should be eternally grateful for all the myriad of benefits that they ...
International law firm accused for ‘deliberately misinterpreting’ data
February 10th, 2016
White & Case partner comes to the defence of City colleague and argues SFO has ‘lost its focus’ The Serious Fraud Office (SFO) has accused Pinsent Masons of ‘deliberately misinterpreting’ data on the number of cases it investigates and ...
Cross-border business with US clients: FINMA announces conclusion of proceedings against Bank Julius Baer
February 10th, 2016
Cross-border business with US clients: FINMA announces conclusion of proceedings against Bank Julius Baer Between 2010 and 2011, the Swiss Financial Market Supervisory Authority FINMA conducted enforcement proceedings against Bank Julius Baer & Co. Ltd. in relation to the ...
Commonwealth report calls for clearer legislation for virtual currencies
February 5th, 2016
Virtual currencies offer countries a cost-effective, fast and accessible alternative to settling financial payments, but unclear laws and regulations are preventing their responsible development and encouraging their exploitation by criminals, says a new Commonwealth report. Virtual currencies, which allow ...
Britain’s biggest insider trading case is finally going to trial — 6 years since dawn raids
January 12th, 2016
Almost six years after a series of dawn raids shocked the City of London, one of the UK’s biggest ever insider-trading cases is finally going to trial. The case – code named Tabernula, which is Latin for “little tavern” – ...
Lloyds under investigation by FCA over possible market rigging
January 7th, 2016
Reports say investigation into gilts trading is not industry-wide despite recent criticism of regulator for dropping review into culture at major banks The City regulator is investigating whether traders at Lloyds Banking Group manipulated the price of government bonds, in a ...
Single Resolution Mechanism to come into effect for the Banking Union
January 4th, 2016
The Single Resolution Mechanism (SRM) will become fully operational on 1 January 2016. The SRM implements the EU-wide Bank Recovery and Resolution Directive (BRRD) in the euro area. The full resolution powers of the Single Resolution Board (SRB) will ...
Election in Spain left the country in even deeper political uncertainty
December 21st, 2015
After vote, Spain’s Rajoy faces arduous task Sunday’s election left Spain mired in even deeper political uncertainty than before, with experts calling it “near impossible” for Prime Minister Mariano Rajoy to find the political bedfellows necessary for a coalition. ...
IMF head Lagarde to face French trial over Tapie affair
December 18th, 2015
Christine Lagarde accused of negligence over €400m payout to businessman Bernard Tapie, who supported Nicolas Sarkozy in 2007 presidential race. Christine Lagarde, managing director of the International Monetary Fund, is tostand trial in France over a multimillion-euro government payment to ...
MP calls for FRC accounting body to investigate KPMG over HBOS
December 14th, 2015
Britain’s accounting standards watchdog has made a “serious mistake” in refusing to open a formal investigation into accountancy firm KPMG over the way it checked the books of HBOS bank before it collapsed, a senior UK lawmaker said on ...
