09/04/2015
Earnings drop at magic circle law firms as they fail to benefit from global M&A boom
This isn't a new trend, London law firms have been struggling for five or six years now, but this year was meant to be the comeback year.
Legal, Regulation & Compliance
09/04/2015
Case study: Charles Russell Speechlys
The firm is looking to position itself as a leading private wealth player, covering the full range of commercial legal services for the privately wealthy, including litigation and corporate.
09/04/2015
Fine wine scam sees director disqualified
The Insolvency Service has disqualified a company director for 11 years following an investigation which found his firm had taken close to £60,000 from members of the public by claiming to offer investments in fine wines.
09/04/2015
Row over Libyan sovereign fund LIA reaches UK court
Part of the LIA's foreign assets were frozen by Western countries and the U.N. during the 2011 uprising to prevent Gaddafi officials getting access to funds or as part of investigations into corruption.
09/03/2015
Disclosure of Beneficial Owners of EU Companies, Trusts and Foundations
The 4th AML Directive requires disclosure of beneficial ownership information to central registers.
09/03/2015
Olswang former head of corporate exits after 15 years as firm
He quit the firm after he officially stood down from leading Olswang's corporate group in February this year and was replaced by senior corporate TMT partner Mark Bertram
09/02/2015
Latest Central Bank move on banking oversight will help reduce risk
Lack of information about ‘opaque’ special purpose vehicles make it difficult to assess financial stability implications
09/02/2015
FCA probes Friends Life share price spike post-Aviva merger
But the regulator is now investigating unusual share price rises following the deal as part of its standard practice
09/02/2015
Germany, France, Britain call for rethink of new EU securities rules
The rule changes are due to come into effect in January 2017.
09/02/2015
AIFMD Passport – Extension Denied to the US, Hong Kong and Singapore
The AIFMD passport is currently only available to EU AIFMs and EU AIFs.
09/02/2015
Political party funding by offshore companies could be prohibited in Russia
The authors of the bill point to many cases when political parties and their election campaigns are financed by Russian companies that were officially founded by other Russian companies but are ultimately controlled by foreign legal entities.
09/01/2015
Law firm expands into Leeds as it views growth
A national law firm is targetting expansion in the North with the opening of an office in Leeds.
09/01/2015
International law firm further bolsters financial regulatory practice with Barclays hire
She has also been responsible for ensuring that Barclays Wealth and Investment Management complies with the requirements of the payments legislation, which also includes preparing for the implementation of the Payment Services Directive.
09/01/2015
The Gibraltar FSC inks MoU with the British Virgin Islands
They agree to assist each other in order to ensure stakeholder and public protection and to develop market and financial integrity.
09/01/2015
Banks warn over European privacy rules
The draft regulations could result in fines of as much as 5% of global turnover for those who breach new regulations
08/31/2015
Cayman and UK share views on beneficial ownership
Transparency in providing information on beneficial ownership was never Cayman’s issue, said Premier Hon Alden McLaughlin.
08/31/2015
French economy minister calls for full fiscal union in eurozone
Emmanuel Macron wants to "re-found the EU" and create a new economic government with control of its own budget
08/31/2015
Banking glitches are no surprise: the tech is 60 years old
Companies are in no rush to untangle themselves from six decades of Cobol programming
08/30/2015
Suspiciously rich could be ordered to surrender their wealth, Sir Eric Pickles says
Sir Eric, the Government's anti-corruption champion, said he was attracted to the 'simplicity' of "unexplained wealth orders" to force potential criminals to show where their wealth comes from.
08/30/2015
ESMA Publishes Discussion Paper on EMIR Standards Relating to CCP Client Accounts
The Discussion Paper addresses the fact that to date the EC has not deemed the United States to have a legal and supervisory regime for CCPs that is equivalent to that of the European Union.