Eugene Costello

Eugene Costello has been a journalist for some 20 years, and has written for a wide variety of UK and international newspapers and magazines.

Industry welcomes plans for IHT rules simplification

By: Eugene Costello | 01 Feb 2018

Plans to simply complex inheritance tax rules within the UK have been welcomed by financial services industry commentators. UK chancellor Philip Hammond has written to the Office of Tax Simplification…

Boost for May as Standard Chartered inks £1.6bn deal in China

By: Eugene Costello | 01 Feb 2018

A UK trade delegation led by the prime minister to drum up trade with China scored a palpable hit yesterday when Standard Chartered signed a £1.12bn deal…

Russian oligarchs ‘heading for Jersey’ as US shines spotlight on their affairs

By: Eugene Costello | 01 Feb 2018

Chelsea FC owner Roman Abramovich is said to have recently acquired residency rights in Jersey, following the US’s publication of the so-called ‘Putin List’ that identifies Russians…

Trio of Convoy lawsuits to be heard in tandem in Hong Kong

By: Eugene Costello | 19 Jan 2018

Three lawsuits relating to financial impropriety at Hong Kong Stock Exchange-listed financial advisory firm Convoy Global will be heard together on 6 March, a judge at Hong…

FCA strikes back against MP’s claims of ‘sleepwalking into a mis-selling scandal’

By: Eugene Costello | 19 Jan 2018

The UK regulator fought back hard this week against a suggestion by the chair of the Committee for Works and Pensions that it was was “grossly inadequate”…

South Korea considers bitcoin ban as currency takes a huge tumble

By: Eugene Costello | 18 Jan 2018

South Korea has joined a number of regulators and governments attempting to dampen bitcoin fever, in the case of the Seoul government by considering banning digital currency…

What’s in a word? US and China limit use of ‘blockchain’

By: Eugene Costello | 17 Jan 2018

The past year has seen bitcoin become a dirty word in certain quarters but now the US regulator and the Shenzen Stock Exchange have separately moved to…

Shadowy trail behind unlicensed UK investment firm

By: Eugene Costello | 12 Jan 2018

A UK firm offering unauthorised advice to Asian investors despite not being registered to do so with the UK regulator appears to be owned by a UK…

MPs take tough line with FCA over pension advisers and British Steel

By: Eugene Costello | 12 Jan 2018

The chair of the MPs’ Committee for Work and Pensions has slammed the UK regulator the Financial Conduct Authority (FCA) as “grossly inadequate” over the British Steel…

BHS win for The Pensions Regulator against ‘unreliable’ Chappell

By: Eugene Costello | 12 Jan 2018

The collapse of BHS and consequent black hole in the pensions fund that caused Sir Philip Green such discomfort (and £363m in cash) drew blood from Dominic…

Unregulated UK firm targets Asian investors

By: Eugene Costello | 11 Jan 2018

A firm unlicensed by UK regulator the Financial Conduct Authority (FCA) to offer investment advice is managing hundreds of thousands of dollars on behalf of Asian investors,…

Bank of England proposes lighter regulation for insurers post-Brexit

By: Eugene Costello | 11 Jan 2018

The Bank of England (BoE) is proposing a raft of measures that will make the raft of EU requirements of insurers less onerous, starting with a consultation…

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