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Legal, Regulation & Compliance

04/28/2016

International Update from the Law Society of England and Wales

There are opportunities for lawyers around the world to participate in the World Bank's Doing Business project 2017, and for members who wish to get involved with visiting delegations from Ghana, China, Malaysia and Japan.

04/28/2016

Libya SWF case against Goldman Sachs back in London court on May 5

A pre-trial review hearing has been confirmed for May 5 and a trial date is expected to be set for early June.

04/28/2016

Senior Barclays executive denies knowledge of Libor rate rigging

Michael Bagguley, a prosecution witness in the trial of five former Barclays traders, denied any involvment in or knowledge of rate rigging

04/28/2016

Hungary’s Central Bank Companies May Keep Some Data Secret

Amendment allows central bank to conceal information that would hinder the competitiveness of its companies

04/27/2016

UK's Big Four Banks Face £19bn In Compensation, Fines And Legal Costs

Barclays, HSBC, Lloyds and RBS expected to pay out sum by end of 2017, taking total since 2011 to £75m, says Standard & Poor’s

04/27/2016

Andrew Bailey was not interviewed for FCA job, confirms chairman

The other candidate on the original list was Greg Medcraft, the head of Australia’s securities watchdog.

04/27/2016

Deutsche Bank aims to seal major legal disputes by end of 2016 - co-CEO

Deutsche Bank has been hit by its soaring legal costs, weak bond trading and a loss in its investment bank, which saw the financial institution post a record loss of 6.8 billion euros in 2015.

04/27/2016

Ex-Barclays boss tells court he knew nothing of ‘improper’ emails

Mr Bommensath told the court he was not aware of emails between Barclays staff talking about making requests about Libor but described them as “improper”.

04/27/2016

Stephenson Harwood and Charles Russell Speechlys promote nine to partnership in bumper rounds

Last year the firm had promoted five all in London

04/27/2016

Carey Olsen part of winning team at IFLR European Awards

Mr Marks said: "Being part of the winning deal team for this award reflects Carey Olsen's strong track record in advising on high yield deals."

04/27/2016

FCA proposes measures to improve the effectiveness of UK primary listed debt markets

It highlights the developments in primary debt markets the Forum considered and the issues it discussed.

04/26/2016

Deutsche Bank Board Erupts Into Conflict Over Legal Expenses

Deutsche Bank Chairman Paul Achleitner, who has known Thoma for decades, tapped the Shearman & Sterling LLP lawyer in 2013 to help improve controls and work through the company’s numerous cases of misconduct.

04/26/2016

Alpha FMC lauches Compliance and Regulation practice

Alpha FMC’s service portfolio currently spans around ten service lines, with propositions ranging from strategic and advisory work to benchmarking services and execution related support.

04/26/2016

German parliament to invite Draghi to testify on ECB policy: sources

The meeting with members of the committees on Europe, budget and finance would take place after the summer recess, which ends on September 5.

04/25/2016

Basel Committee consults on restricting the use of internal models to calculate credit risk weights

The Basel Committee is proposing to restrict the use of internal models to calculate credit risk weights. Comments are due by June 24.

04/25/2016

Deutsche Bank Co-CEO, Ex-Officials Cleared in Fraud Case

The Deutsche Bank executives were accused of deceiving judges in a civil lawsuit filed by Leo Kirch, who died in 2011, seeking 2 billion euros ($2.25 billion).

04/25/2016

Clouds descend on cocos as banks air concern

Some academics say cocos are an uncomfortable halfway house, proving to be more volatile than bonds but lacking the full loss-absorbing qualities of equity.

04/25/2016

PwC: Just 2% of asset managers have 'robust' risk controls

PwC suggests the findings show a disconnect between asset managers and their custodians in terms of understanding their roles, responsibilities and priorities.

04/25/2016

More countries sign up to beneficial ownership transparency

Panama Papers The moves follow a string of transparency measures proposed in the wake of the Panama Papers scandal which involved the leak of millions of documents from Panamanian law firm Mossack Fonseca.

04/24/2016

Vulture fund swoops on fraudster Breifne O'Brien

Some of the loans were in the names of high net worth individuals and many of professionals who borrowed during the boom.

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