03/19/2013
Dodd-Frank Swap Data Fails to Catch JPMorgan Whale, O’Malia Says
“The problem is so bad that staff have indicated that they currently cannot find the London Whale in the current data files.”
Tax
03/19/2013
French budget minister in tax fraud probe resigns
His resignation comes at a sensitive time for Hollande's government as it undertakes a process of redrafting deficit reduction plans vital to maintaining fiscal credibility with France's euro zone partners.
03/19/2013
UBS poised to quit scandal-hit Euribor panel
The banking sector has been rocked by repeated scandals over the manipulation of Euribor and its London-set equivalent, the Libor.
03/18/2013
HSBC Faces New Money Laundering Claims
"There was decisive participation" of HSBC executives in hiding financial information from the authorities.
03/18/2013
RBI to probe gold coin sales, wealth management at banks
The Reserve Bank of India has widened its probe of Axis Bank, ICICI Bank and HDFC to include wealth management and sale of gold coins of all active banks, a move that may lead to stricter guidelines on these activities if any loopholes are found.
03/18/2013
Canada Partners With Panama to Fight International Tax Evasion
The agreement sets out the legal framework to enable tax authorities in both countries to exchange information relevant to the administration and enforcement of their respective domestic tax laws.
03/18/2013
FSA fines servicing firm £2.4m for market update failures
The systems and controls failings meant crucial information was not available to investors on a timely basis.
03/18/2013
Ex-UBS Executive Deceived by Girl and Pimp, Lawyer Says
Buergin, 41, is the first of 51 men charged by police for having paid sex with the girl to stand trial
03/18/2013
Hedge fund firm fined £9.2 million for insider trading of Dell shares
Sigma Capital Management has agreed to pay $14 million (£9.2 million) to settle charges for insider trading
03/17/2013
US hedge fund SAC pays record fine to settle insider trading allegations
SAC Capital, a hedge fund run by billionaire Steve Cohen, is to pay $600m (£397m), the biggest insider dealing fine in history
03/17/2013
Fatca, French deals with US overlooks needs of Swiss expats
Swiss Abroad slams gov’t for hasty tax deals that don’t consider country’s expats
03/14/2013
Italian Police Seizes Bulgari's Assets in Tax-evasion Probe
Among the seized assets there were several properties including one in Rome's renowned shopping street Via dei Condotti.
03/14/2013
U.S.-China anti-tax evasion deal seen as crucial, but elusive
China is seen by some tax experts as an important participant if the U.S. China - the world's second-largest economy - is seen by some tax experts as an important participant if FATCA, is to work effectively.
03/14/2013
Clifford Chance seals hire of Norton Rose's Diamond lawyer
He led the Norton Rose team acting for Diamond amid allegations last year that Barclays had manipulated Libor.
03/14/2013
214 Asia GCs polled: Linklaters, KWM and Ashurst win client plaudits
King & Wood Mallesons (KWM), Ashurst and Linklaters have ranked among the top providers of legal advice in Asia in a new Legal Week report on client satisfaction in the region.
03/14/2013
A&O US financial services regulatory chief exits to join Milbank
He represents many of the best-known global financial institutions in their U.S. regulatory matters, including dealings with the Federal Reserve, SEC and other regulatory agencies.
03/13/2013
Hedging through the tax charge: a threat to tax revenue
Risk management and hedging are key issues in corporate management. In certain cases, taxpayers may see an opportunity or a need to factor taxation into their hedging transactions to be fully hedged on an after-tax basis.
03/13/2013
Hedging through the tax charge: a threat to tax revenue
Risk management and hedging are key issues in corporate management. In certain cases, taxpayers may see an opportunity or a need to factor taxation into their hedging transactions to be fully hedged on an after-tax basis.
03/13/2013
Spanish Efforts To Combat Tax Fraud Bear Fruit In 2012
According to the Government, revenue from fraud control activity alone increased by 16.9% last year
03/13/2013
Taxman set for more time to hunt dodgers
Recent cases have seen HMRC battle cases successfully through the courts