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New SFO head David Green pledges agency 'here to stay'

There had been speculation Mr Green could have been tasked with merging the SFO into one of the other crime fighting agencies.

Morgan Stanley May Seize Citypoint Tower, Sunday Times Reports

Beacon Capital has missed several interest payments on the Morgan Stanley loan used to buy Citypoint in 2007, the London- based newspaper said.

Nearly 11,000 KPMG staff go unpaid

Usually KPMG staff are paid on the last Friday of every month however, they will now have to wait until after the weekend.

FSCS payouts for bankrupt IFA ﬁrm approach the £250k mark

According to figures from the FSCS, it had received 38 compensation claims against CDH Insurance and Finance Consultants of Bangor in North Wales between 2011 and April 2012, and upheld 14 of these.

BLP makes third hire this week with addition of Linklaters partner

Watson, whose start date has not yet been decided, will join BLP after 14 years in the partnership at Linklaters. She has been at the magic circle firm since joining as a trainee in 1990.

Norton Rose further enhances structured finance and capital markets with new partner hire

He was previously a partner in Allen & Overy’s structured finance group

CA freezes bank accounts of Pinay wife of British in £700M fraud case

The CA's freeze order was in response to an ex-parte petition filed by Philippine Anti-Money Laundering Agency, from which the UK's Serious Fraud Office (SFO) sought assistance.

Do the right thing, UK watchdog Sants tells bankers

Britain's top banks such as Barclays, Lloyds and Royal Bank of Scotland have already been warned by investors to rein in excessive pay at a time of shrinking rewards for shareholders.

FSA confirms plans to ban promotion of traded life settlements

The regulator has published its final guidance on traded life policy investments this morning, following an earlier guidance consultation in November.

EU regulators urge caution on fast trading curbs

The European Parliament and the bloc's member states are approving a reform of securities trading rules known as MiFID, with specific elements curbing high-frequency trading (HFT).

Finance Watch publishes position paper on MiFID 2

It also calls for the EU to drop the proposed “OTF” trading venue category, which risks opening the door to regulatory arbitrage.

Parliament urged to force companies into tax admissions

Senior executives from commodity trading group Glencore and brewer SAB Miller appeared to resist calls by campaign groups and development agencies for more transparency.

FSA says 76,700 names are on scammers' suckers list

The majority of those named will be informed via postal mail, although the 19,101 where only an email address is given can expect a heads-up from the FSA to drop into their email in-box in the next few weeks.

Linklaters adds 23 to partnership ranks including six in London

This year's promotions round marks an increase on 2011-12, when 18 lawyers were made up. Last year six were also promoted in London.

MPs to investigage rate swap mis-selling claims

Firms lost hundreds of thousands and even millions of pounds in costs they claim they were never warned about.

Offshore share sharks who duped British investors jailed

Two men and a woman have been jailed for a fraud where more than £4 million was taken from private investors through share-pushing operations based in Spain and Ireland. Another man will be sentenced at a later date.

Lawrence Graham promotes four lawyers to partnership

International business law firm Lawrence Graham will promote four London-based lawyers to its partnership on 1 May 2012.

Firms confirm new compliance roles as regulatory deadline looms

Linklaters and Bird & Bird are among the first major firms to nominate new compliance officers, as the Solicitors Regulation Authority (SRA) has given UK law firms until 31 July to appoint someone to take responsibility for the firm's legal pract

Scottish private client firm launches Glasgow base

The private client specialist, which already has offices in Edinburgh, London, Guernsey and Geneva, has revealed that it is in advanced negotiations to sign a lease on a site close to George Square.

FSA cancels Kent-based IFA over RMAR non-submission

Move follows the cancellation of permissions of a number of advisers over failure to pay regulatory fees.

Legal, Regulation & Compliance