06/28/2017
Ashurst partner profits jump despite sluggish start to the year
Ashurst promoted 19 of its associates to partner during the year. It has more than 400 partners and 1,200 lawyers working around the world.
Legal, Regulation & Compliance
06/28/2017
Hogan Lovells advises the Single Resolution Board on the two Italian banks
As a consequence, the winding up of the banks will take place under national Italian proceedings. With the approval of the European Commission the Italian government has subsequently decided to grant aid to facilitate the liquidation of Banca Popolare di
06/28/2017
Combining this year's promotions and new lateral talent, the Firm added 139 partners
Nearly 40% or 31 of the new promotions are women; a market-leading number for any law firm.
06/27/2017
Asset Management Study: how far will the FCA go?
The regulator clearly means business, flagging that the average active fund charges an annual management fee of 0.9%, compared to 0.15% for their passive counterparts.
06/27/2017
Making wealth managers ready as the MiFID II deadline approaches By Rodney Taylor, Profile Software
There are new and detailed requirements to ensure that any newly created product passes an approval process, an appropriateness test, and is fit for the intended target audience.
06/27/2017
Bank of England Tightens Credit Rules for Banks After Brexit Resilience
As is often the case in a standard environment, there are pockets of risks that warrant vigilance
06/27/2017
Super-agent Mendes in court over Falcao ‘tax evasion’
Falcao is but one of Mendes’ clients to run into trouble with Spain’s judiciary.
06/27/2017
German newspaper reveals secret FIFA report into Qatar 2022 corruption allegations
After repeated claims about corruption in the run-up to those votes, FIFA asked its then-chief ethics investigator Michael Garcia to compile a report into the bidding nations for both World Cup, which he produced in 2014.
06/27/2017
Google has been hit with a record-breaking €2.4 billion fine by the EU over its antitrust case
In a statement issued immediately after the ruling, Google said it "respectfully" disagreed and was considering whether to appeal.
06/27/2017
Fund managers await FCA report with trepidation
The FCA has already published an interim report.
06/27/2017
FCA funds study: six things Hargreaves Lansdown wants to see
The funds industry is twitching ahead the FCA study, with some reports suggesting fund firms could even face enforcement action.
06/27/2017
European supervisory authorities set out AML-CFT guidelines
The European Banking Authority, European Securities and Markets Authority and European Insurance and Occupational Pensions Authority jointly published the guidelines.
06/27/2017
Herbert Smith Freehills - Financial regulation update
FCA policy statement on prohibition of restrictive contractual clauses
06/26/2017
Regulation puts U.K.-based money managers at risk of losing EU business
It would make sense for global equity managers to stay in London.
06/26/2017
European markets seen mixed at open as Italy is forced to bail out two banks
The move comes two days after the European Central Bank warned that Banca Popolare di Vicenza and Veneto Banca were likely to fail.
06/26/2017
Starling Bank passports to Europe, first stop Ireland
We’ve done it the hard work way by deciding to build it from scratch.
06/26/2017
Typical UK bank will waste £10m annually on inefficient KYC checks as AMLD4 regulation comes into force
However, the report concludes that most eID schemes will not be ready for some time and recommends advanced mobile technology to bridge the gap.
06/26/2017
European savings and co-operative banks join screen-scraping row
The suggestion has led to an uproar among mature fintech startups, who have lobbied hard for a reversal of the decision, claiming that the reforms will provide banks with the means to control what data is shared, putting new entrants at a disadvantage.
06/26/2017
New Regulations on reporting payment practices are now in force
Charities required to report under the Regulations
06/26/2017
Herbert Smith Freehills - Financial regulation update
FCA speech on improving access to insurance