A tale of two duties? 16/04/2015 The increased regulatory focus on director accountability should prompt a reassessment by the boards of all wealth managers of their responsibilities, writes Alan Leale-Green, managing director of London-based compliance firm CCL.
FCA fines Bank of New York Mellon £126 million 15/04/2015 The Financial Conduct Authority (FCA) has fined the Bank of New York Mellon’s London branch and the Bank of New York Mellon International, two of the biggest custodian banks active in the UK, £126 million for failing to comply with the FCA Client Assets Sourcebook’s (CASS) custody rules between November 2007 and August 2013, primarily by co-mingling client assets.
Labour's non-dom proposals descend into farce 09/04/2015 The high profile vow by Labour leader Ed Miliband to dismantle the non-domiciled tax regime looked to be descending into farce, after it emerged that his own shadow chancellor had defended the system.
Labour pledges 'to end non-dom tax regime' 08/04/2015 Labour leader Ed Miliband is about to announce that Britain’s 200-year-old “non-domicile” residency regime would be abolished by an incoming Labour government.