02/09/2016
‘Kremlin’s banker’ faces UK jail sentence
The former Russian senator has been embroiled in High Court litigation brought by Russia’s Deposit Insurance Agency, which is acting as liquidator of Mezhprombank.
Legal, Regulation & Compliance
02/09/2016
FCA confirms accountability rules for wholesale traders and interim rules on regulatory references
The rules come into effect on 7 March 2016.
02/09/2016
Independence, confidence and fairness by Tracey McDermott
It is important, however, that we listen and take into account external comment but we do not allow that to become the key driver in our decision making.
02/09/2016
Former London Whale Boss Fined £792,900
The Financial Conduct Authority (FCA) has fined Achilles Macris £792,900 for failing to be open and co-operative with the Authority.
02/09/2016
UK delays Libor trial of former Barclays traders
The Barclays trial comes after former UBS and Citigroup trader Tom Hayes was convicted in August of conspiracy
02/08/2016
Northern Trust: Navigating Funds Regulation
At a recent Northern Trust event in London, 40 percent of the attendees said they do not expect their investors to be engaged in UCITS and AIFMD considerations by December 2016
02/08/2016
JPMorgan Chase lifts curtain on new EMEA panel
With JPMorgan's global legal spend hitting $3bn last year, the bank is one of the most lucrative legal clients in the world
02/08/2016
Moscow Bank Connected to Chaika's Son Loses License
The statement also said Millenium bank — ranked 282nd in the Russian banking system in terms of assets — failed to satisfy the claims of its creditors in a timely manner.
02/08/2016
The £1,000 question: are City lawyers' rates really too high?
£1,000 an hour - time for a little perspective?
02/08/2016
French tax fraud trial of disgraced former minister Cahuzac opens
Jérôme Cahuzac, chosen by François Hollande to clamp down on tax avoidance, admitted he hid €600,000 in Swiss bank account
02/08/2016
global multinational law firm becomes first global law firm with truly pan-Nordic presence
This will enable the firm to offer clients an unparalleled capability in the Nordics and access to legal services which can meet their needs domestically, regionally and globally.
02/08/2016
Ex-Bank of England aide held over wife’s murder
He was found in the London area on Friday afternoon suffering from serious self- inflicted injuries and is being treated in hospital.
02/08/2016
ECB reveals Europe's central banks hold $774b in assets
While some national authorities had still to publish individual accounts, the ECB said the outstanding amount stood at €490 billion $774 billion at the end of 2015.
02/08/2016
Germany closes local arm of Canada's Maple Bank
The German authorities have alleged that these trading activities violated German tax laws.
02/08/2016
Russia's central bank withdraws licence from Intercommerz bank
Intercommerz, Russia's No. 67 bank by assets and No. 34 by retail deposits, failed to assess risks adequately and was involved in "dubious transit operations
02/08/2016
Watchdog policing could prompt GC exodus, warns lawyer
Mr Webber has argued that including lawyers in the new regime may threaten the flow of legal talent to the financial services sector.
02/08/2016
Harper Macleod add two new partners at Edinburgh office
Chairman of Harper Macleod, said: “We signalled our intent to grow extensively in Edinburgh last year and have been true to our word by almost doubling our number of partners in the city.
02/05/2016
Ex-Julius Baer bankers to plead guilty in U.S. in Swiss tax case
Their prospective pleas came after Julius Baer in December disclosed that it had reached a deal with prosecutors to pay $547.25 million to resolve a probe born out of a U.S. crackdown on offshore tax evasion by Americans through Swiss banks.
02/05/2016
Bank of England maintains stance on EU bonuses cap
Bank says the cap, which limits bankers’ bonuses to 100 per cent of their salaries, has had the unintended consequence of increasing fixed pay and limits the ability to claw back bonuses in the event of wrongdoing
02/04/2016
Nabarro advises Cicerone Fund on acquisition of Waterstones' landmark Piccadilly bookstore
This marks the debut for the ambitious international expansion of the Cicerone Fund, an Italian property fund dedicated to Cassa Forense