03/19/2012
Barclays apologises to FSA after imposing swaps secrecy clause on customers
The revelation comes after The Telegraph was inundated with complaints from business owners over the sale of interest rate swaps.
Legal, Regulation & Compliance
03/19/2012
Incoming SJ Berwin senior partner eyes international expansion
Kon - a key negotiator in the Proskauer talks - yesterday reaffirmed the firm’s plans to revisit the opportunity with another firm.
03/19/2012
Linklaters is double winner at Chambers Global Awards 2012
These awards, based on research conducted for the Chambers Global 2012 directory, recognise law firms' pre-eminence in key practice areas and reflect outstanding work, impressive strategic growth and excellence in client service over the preceding 12
03/16/2012
EU watchdog allows U.S. ratings use in Europe
The decision is a relief for banks in Europe, large users of ratings from the United States, which feared big costs from having to find alternative ratings for calculating their regulatory capital buffers.
03/16/2012
George Osborne poised to slash top tax rate from 50p to 40p
Chancellor's dramatic move to cut top rate of income tax in next week's budget will delight the Conservative right
03/16/2012
U.K. Compliance and Enforcement Expert Joins Willkie's London Office
Firm continues to expand its market-leading expertise on both sides of the Atlantic
03/15/2012
Tax havens give EU commissioner the runaround
The EU commissioner trying to stop tax cheats from hiding money in Switzerland is puzzled why Austria and Luxembourg are standing in his way.
03/15/2012
IOSCO outlines requirements for mandatory clearing
Banks and clearing houses should work together to decide which products should be centrally cleared, according to a new report from the International Organisation of Securities Commissions (IOSCO).
03/14/2012
Swiss Private Bank's European credit sales head fined by FSA
He was an active participant in the guessing game and could have extracted himself before straying into dangerous territory but he did not do so.
03/14/2012
Global Law Firm deploys video collaboration service globally
The new platform is used extensively for a wide range of activities – from senior executives holding board meetings to the internal support team running training sessions, global case reviews, and client meetings.
03/14/2012
Ex-HBoS executive admits FSA 'worries'
One of HBOS's most senior former executives has admitted he is "worried" he could become embroiled in the City watchdog's investigation into the failed bank.
03/14/2012
MiFID II bans fees
The European PRIPs initiative, designed to raise and align retail investor protection standards across Europe, follows a two-pronged approach:
03/14/2012
KPMG Forensic gets a new director
He was previously a director in Deloitte’s Enterprise Risk Services division
03/13/2012
UK barrister to drive growth at Sciaroni & Associates
An Oxford-educated economist with practical knowledge and experience of international investment, among other experiences he has advised on a $150 billion portfolio for a major international bank.
03/13/2012
Linklaters and Debevoise lead on AIG's $6bn Hong Kong share sale
Debevoise & Plimpton and Linklaters have taken lead roles on AIG's $6bn (£3.8bn) placement of shares in its Hong Kong spin-off, AIA Group, reports The Asian Lawyer.
03/13/2012
Cayman-based firm makes waves here
The Cayman Islands-headquartered law firm wasted no time in launching an aggressive head-hunting campaign, poaching numerous market-leading partners and lawyers from A&L Goodbody, Matheson Ormsby Prentice and Arthur Cox.
03/13/2012
Switzerland offshore tax deal criticised by MP
A tax deal with Switzerland aimed at preventing high-earning expats and big businesses using the country's secretive banking system to avoid paying UK rates has been criticised by MPs
03/13/2012
FSA spending £100m to help insurers meet Solvency II
The Financial Services Authority (FSA) is spending more than £100 million and has 5% of its staff working on ways to help insurers with new propositions in line with Brussels’ incoming Solvency II regulations, according to reports.
03/13/2012
Tunbridge Wells HSBC manager jailed
The ex-HSBC bank manager who stole a friend's identity while committing large-scale fraud has been jailed for three years.
03/13/2012
HBOS failures raise questions about senior City figures
Former top managers at HBOS said the Financial Services Authority’s (FSA) report into “misconduct” in HBOS’s corporate division had put members of the bank’s former audit and risk committees under the spotlight.