Tax & Regulation | 13 Feb 15
UK to toughen tax evasion laws
The HSBC tax evasion scandal has put pressure on the UK government to introduce new legislation making it easier to prosecute people for hiding money in offshore bank accounts.
Stenham launches second UCITS fund
Hedge fund investment specialist, Stenham Asset Management, has unveiled a UCITS-compliant macro fund of funds.
Credit Suisse bosses pay cut by 25 per cent
Directors at the Swiss banking giant Credit Suisse have taken a voluntary 25% pay cut to reflect a $2.6bn (£1.7bn, 2.3bn) fine from the US regulator last year after it helped American citizens evade tax.
Cypriot banks to face courts over
Judicare is gearing up to take action against Cypriot banks next month over allegations that they mis-sold loans to around 200 UK investors in order to support their failed property investments in the country.
IA toughens stance on disclosure
The UK’s Investment Association has proposed tougher standards of disclosure and transparency across investment and pension products.