04/22/2015
City firms could face record-breaking fines for misconduct, warns regulator
Financial Conduct Authority sounds warning after Merrill Lynch was hit with record £13.3m penalty for failing to report transactions correctly
Legal, Regulation & Compliance
04/21/2015
Taylor Wessing celebrates ten UK promotions
Taylor Wessing is celebrating ten promotions in the UK this year, with five promotions to its UK partnership and five to the position of Senior Counsel.
04/21/2015
Clyde & Co Announces 2015 Partner Promotions
Clyde & Co is delighted to announce 24 partner promotions across its international network
04/21/2015
HMRC toughens overseas pension warnings
HM Revenue and Customs has amended its list of registered pension schemes in what appears to be a bid for clarity in light of the new pension freedoms
04/21/2015
Mary Lou McDonald refuses to apologise over offshore accounts
Sinn Féin deputy leader denies she named politicians to ‘cause public controversy
04/21/2015
DFSA fine on Deutsche Bank illustrates need for balance between financial regulation and red tape
It’s a simple morality play for our times: big bad bank is caught breaking the rules; fearless watchdog steps in to impose massive fine; we all sleep easier in our beds.
04/21/2015
European Central Bank Squeezes Greek Banks, Tightening Access to Loans
As Greece scrambles to secure a financing deal with Europe before running out of cash, the European Central Bank is tightening the vise on the country’s ailing banks by curtailing access to desperately needed emergency loans.
04/21/2015
US, UK aim for Deutsche Bank Libor settlement on Thursday – sources
The world’s second-largest foreign exchange trader still faces potential claims or settlements over past issues including alleged attempts at foreign exchange benchmark manipulation and alleged violations of U.S. sanctions on Iran.
04/20/2015
International law firm strengthens corporate capability in Paris with Partner hire
He has specialised for nearly 20 years in banking and finance and in particular in international syndicated loans, acquisition finance, asset finance, export finance and tax-advantaged financings.
04/20/2015
Anderson Strathern boss eyes Aberdeen and Dundee
THE managing partner of law firm Anderson Strathern is considering moves into Aberdeen and Dundee as a way to grow its presence.
04/20/2015
Russia denies Western banking blacklist exists
The newspaper said it had access to a letter from the office of Rosfinmonitoring explaining in detail the procedure, a claim the monitoring agency denies.
04/17/2015
East Midlands law firm Continues Growth with Derby Acquisition
Tim Hastings said: “We are delighted to unite with Moody and Woolley, a move which is part of our continued strategy to grow our business by acquisition.
04/17/2015
Knight Vinke Shifts Hiring Focus From Monaco to London
The subsidiary Knight Vinke Asset Management (UK) Limited was approved by the U.K. regulator in mid-March, according to regulatory filings. The move now allows the firm to advise clients on investments from the U.K.
04/17/2015
Goodwin Procter Expands Private Equity Practice with Hire of London Partner
He will join Goodwin from King & Wood Mallesons, where he co-led the corporate group with his own focus on middle market private equity transactions and portfolio company work, following completion of his notice period.
04/17/2015
Tribunal directs Financial Conduct Authority to ban former insurance broker
The Upper Tribunal has directed the Financial Conduct Authority (FCA) to prohibit former insurance broker Stephen Robert Allen on the grounds that he is not a fit and proper person
04/17/2015
German bank sues in Austria over Heta moratorium
The suit contends that provincial guarantees were triggered by a debt moratorium
04/16/2015
Mishcon de Reya hires Proskauer corporate partner
He is an adviser to a wide variety of clients, including private equity funds, hedge/hybrid funds, quoted and non-quoted companies, corporate finance/intermediaries and management teams, entrepreneurs and family offices.
04/16/2015
Former IMF Chief Rato Faces Spain Money Laundering Probe
Rodrigo Rato, the former head of the International Monetary Fund and deputy prime minister of Spain, was detained by customs agents in Madrid on Thursday night as the tide of corruption allegations swamping the country’s political establishment reac
04/15/2015
RepRisk announces addition of Dutch – bringing its research coverage to 15 languages
Through Partnership with Leading Consultancy Steward Redqueen, RepRisk Now Covers 15 Languages in its Environmental, Social and Governance (ESG) Research
04/15/2015
Deutsche Bank fined $8.4m by Dubai regulator
Those contraventions include misleading the DFSA, failures in DBDIFC's internal governance and systems and controls and in its client take-on and anti-money laundering processes.