06/22/2015
'Flash crash' trader linked to network now under investigation
The NAV Sarao Milking Markets Fund was soon registered in Mauritius as part of Cosgrove's financial network.
Legal, Regulation & Compliance
06/22/2015
Italian prosecutors seek to indict Bank of China, 297 people
The case highlights the large underground Chinese economy in Europe and the failure of judicial and legal cooperation to keep pace with the economic ties,both legal and illegal, that bind China with the West.
06/22/2015
Strauss-Kahn Shifts Focus From Sex Trial to Hedge-Fund Probe
Former International Monetary Fund chief Dominique Strauss-Kahn was acquitted in France on pimping charges this month
06/22/2015
FRTB Complexity Necessitates Action - Wolters Kluwer Financial Services
Financial institutions urged to take note of far reaching impact of Fundamental Review of the Trading Book
06/22/2015
Banks did not do enough to police FIFA transactions, says agency
A global group of government anti-money-laundering agencies said that financial institutions have not done enough to police suspicious financial activity by officials at football's global governing body FIFA
06/22/2015
Appleby acts for phoenix spree on london stock exchange ipo
German property investor floats on the main market
06/22/2015
Eversheds brings in banking lawyer as partner in its Cardiff office
Ms Canning was promoted to partner on in May, having trained and qualified with Eversheds LLP.
06/22/2015
Phoenix firms keep rising despite FCA's crackdown pledge
The number of advisers whose liabilities have fallen on the Financial Services Compensation Scheme but who have re-emerged in a new advice role remains high despite the regulator’s pledge to crack down on the practice.
06/22/2015
Eversheds launches new service for in-house legal teams
Law firm Eversheds has announced the launch of a unique managed service offering for in-house legal teams, called “Eversheds Ignite”
06/21/2015
Death of former Chairman of the Gibraltar Financial Services Commission, Alan Whiting
The GFSC is sad to inform of the death of former Chairman, Alan Whiting
06/19/2015
Libor trial: Hayes handed over a UBS 'instruction manual' on rigging, prosecution says
Serious Fraud Office received the bank's internal guide on submitting Libor
06/19/2015
Key euro zone talks set to avert Greek default
Euro zone leaders will hold an emergency summit on Monday to try to avert a Greek default after bank withdrawals accelerated and government revenue slumped as Athens and its international creditors remain deadlocked over a debt deal.
06/19/2015
HSBC commission meets UBS whistleblower in Paris
Members of the congressional bicameral commission investigating HSBC supposed illegal scheme to help Argentines evade taxes started their activities in Paris yesterday
06/19/2015
Ex-BNP Executive Sues Bank After Leaving Amid Lawsky Probe
BNP Paribas SA was sued for unfair dismissal by a former executive caught up in a probe of dollar-clearing operations that led to a record fine against the bank.
06/19/2015
Maltese shell company helped launder millions in embezzled Spanish public funds
A Malta-based shell company was used by a Spanish embezzler arrested last week after five years on the run to help siphon off millions of public funds through a publicly-owned wastewater treatment company which operated in and around the city of Valencia.
06/19/2015
Baron Rothschild indicted in France over fraud case
French police have been told by a judge in Paris to track down the wealthy scion
06/19/2015
International law firm makes further lateral hires in London, expands Financial Services Group
Their understanding of the internal workings of these major financial institutions will be of considerable strategic benefit to our clients in this sector.
06/19/2015
EU agrees rules to curb bank trading risks
Talks will now start with the European Parliament on the final version of the law, with further changes possible.
06/19/2015
Olswang Berlin partners split off to set up boutique
TMT - at core of firm
06/18/2015
The great Moldovan bank robbery
It's a mystery that's thrown Europe's poorest nation into deep crisis - $1bn has vanished from three of Moldova's leading banks, much of it passing through UK companies.