12/30/2016
Law firm worker admits £56,000 fraud and embezzlement
The fraud was uncovered when solicitors Thorntons audited Jackson's clients' accounts after her resignation
Legal, Regulation & Compliance
12/30/2016
High Court allows appeal against the Pensions Ombudsman
Police and Crime Commissioner for Greater Manchester v Butterworth and Anor 2016
12/29/2016
Implementation Of ESMA Guidelines On Sound Remuneration Policies
The guidelines will take effect from 1 January 2017.
12/29/2016
FCA hands out fines totalling just £6.3m in its first half
Penalties imposed by City watchdog fall to 2007-08 levels amid leadership handover
12/27/2016
Protectionist Walls Are Popping Up…Around Banks
Financial regulators are increasingly focusing on shoring up their local banking systems
12/27/2016
Italian bank bailout ‘may breach EU regulations’
“For the measures planned by the Italian government the bank has to be financially healthy at its core. The money cannot be used to cover losses that are already expected,” he told the German newspaper Bild.
12/27/2016
Royal Bank of Scotland hit by year of scandals
RBS was also hit with another mis-selling settlement in the US and has been weighed down by fears over the potentially mammoth cost of outstanding claims in America.
12/27/2016
Zurich Cantonal Bank agrees to pay €5.7 million fine
The bank’s international push for growth has led to other problems, most notably a criminal investigation in the United States into allegations that the bank helped US citizens evade taxes.
12/26/2016
Brexit blow as top lawyer admits it could take 10 YEARS to leave EU
By DARREN HUNT PUBLISHED: 10:00, Sun, Dec 25, 2016 | UPDATED: 11:14, Sun, Dec 25, 2016 10 98 While Theresa May has vowed to trigger Article 50 – the formal process which begins Britain's exit from the EU – by April, 2017, ex
12/23/2016
Deutsche Bank reaches $7.2 billion settlement with DOJ on mortgages case
The settlement marked the first in a possible string of mortgage-related resolutions or lawsuits by the DoJ for European banks.
12/23/2016
Herbert Smith Freehills - Financial regulation update
Directive on countering money laundering by criminal law
12/23/2016
Swiss Raiffeisen group pays no penalty in talks with U.S. DOJ
As one of the Swiss financial institutions that had not committed any offenses under U.S. tax law.
12/23/2016
United States Sues Barclays Bank
The detailed allegations in the complaint describe Barclays’, Menefee’s, and Carroll’s misconduct in connection with RMBS securitizations Barclays underwrote between 2005 and 2007.
12/23/2016
ABN AMRO Press Release: Kees van Dijkhuizen receives regulatory approval as CEO of ABN AMRO
The appointment of Mr van Dijkhuizen was announced on 8 November 2016.
12/23/2016
U.S., U.K. and German law firms team up to help whistleblowers
Eligible clients could include anyone working with a European or multinational company whose securities trade on U.S. exchanges, as well as American companies that do business in Europe.
12/22/2016
Herbert Smith Freehills - Financial regulation update
Council of the EU statement on Brexit
12/22/2016
Spanish banks face $4.2 billion hit from European court's loan ruling
Economy Minister Luis de Guindos told reporters on Wednesday the country's financial system was healthy and could deal with the consequences of the ruling.
12/22/2016
TheCityUK urges focus on maintaining competitiveness of UK legal services industry
It particularly stresses the importance of the English courts remaining a hub for global businesses seeking to resolve international commercial disputes and of reasserting the value of choosing English law in commercial contracts.
12/22/2016
COMCO fines Swiss franc Spread cartel
COMCO’s decision can be appealed to the Federal Administrative Court
12/22/2016
Dutch housing co-op Vestia sues Deutsche Bank
We dispute the claims and will be defending ourselves in court.