05/20/2015
The tricks used by 'coiled cobra' market-riggers
One rule-breaker said "if you ain't cheating, you ain't trying", while others used hand signals to cheat clients and fix financial markets
Legal, Regulation & Compliance
05/20/2015
Banks Fined Nearly £4bn Over Exchange Abuses
Five major banks are forced to pay £3.7bn after a US investigation into the manipulation of the foreign exchange market.
05/19/2015
Deutsche Bank CEO denies false testimony charge
A guilty verdict would deal a deadly blow to Germany's biggest lender as it struggles to clean up its image in the wake of a long list of legal challenges in recent years.
05/19/2015
Bank worker is jailed for helping steal £123,000 after claiming she did it because conmen threatened to post naked pictures of her online
Anisyah Ali passed bank details to then-fiancé Salim Hussain and others
05/19/2015
Harper Macleod to expand Scottish footprint
HARPER Macleod has revealed plans to extend its geographical footprint in Scotland after the law firm boosted profits by 7.5 per cent to nearly £8 million in its latest financial year.
05/19/2015
Harper Macleod to expand Scottish footprint
The accounts cover a period during which Harper Macleod acquired private client firm Bird Semple in August
05/19/2015
Changes will dilute Whistleblower Act
The amendments passed in the Lok Sabha last week bars whistleblowers from tipping off the government on any information that may be construed as being related to national security and falls under the Official Secrets Act.
05/19/2015
UK banks appoint Sants to lead review of competitiveness
The British Bankers’ Association has commissioned the report after warning that tougher regulation and the higher bank levy were driving banks to shift investment and assets out of the country.
05/18/2015
Tony Hetherington: I invested nearly £2,000 but have I been stung by a wine investment scheme?
Tony Hetherington is Financial Mail on Sunday's ace investigator, fighting readers corners
05/18/2015
New regulatory measures anger European securitisation industry
Europe’s struggling securitisation industry has voiced frustration over new regulatory recommendations
05/18/2015
Stress tests of European pensions hotly opposed
The UK’s National Association of Pension Funds and a swathe of similar associations across Europe are fighting hard against the plans
05/18/2015
Has this $5.5bn rogue trading scandal got one more twist ?
Who knew what - and when ?
05/18/2015
Police inspector convinced SocGen managers knew of rogue trader - Mediapart
He left prison on parole last September with an electronic tag.
05/18/2015
Guernsey Funds Forum 2015 draws huge crowd
More than 500 people attended the Guernsey Funds Forum 2015 in London last week.
05/15/2015
Efama warns of tax obstacle to Capital Markets Union
The Capital Markets Union, a European measure to boost growth by more efficient allocation of people’s savings, is hindered by a proposed tax on securities transactions
05/15/2015
German Bundesbank chief rips into ECB over Greek loans
Weidmann criticises provision of emergency funds to Greece
05/15/2015
Draghi warns central banks against ‘blind’ risk-taking
Mario Draghi has warned central banks to beware of the risk that aggressive monetary easing
05/15/2015
Schillings has announced seven new hires
Magnus Boyd joins as partner, alongside Charlotte Watson who joins as legal director and Natalie Sherborn who joins as senior associate.
05/15/2015
Law firm warns on Mifid II adviser challenges
Under discussion was whether a more modest European definition of ‘independent’ advice is “practically different” to the FCA’s own standard and how charges and costs should be disclosed to retail customers.
05/15/2015
BoE says banks must comply with EU pay allowances rules
BoE Deputy Governor Andrew Bailey has told banks they have to change their pay contracts to comply with EBA rules.