06/26/2013
OFT publishes BlackRock-Credit Suisse decision
Anticipated acquisition by BlackRock of the exchange traded funds business of Credit Suisse
Legal, Regulation & Compliance
06/25/2013
FCA Regulation round-up June 2013
FCA secures commitment from high street banks to use a ‘retry system’ when processing payments to stop unnecessary penalty charges
06/25/2013
Solicitor leads the way with private client role
A North East law firm is welcoming a new solicitor to lead its Private Client Services division.
06/25/2013
Walker Morris appoints former Deloitte chief as non-exec
Walker Morris has named former Deloitte managing partner Stuart Counsell as its first non-executive board director
06/24/2013
Libor scandal: regulators launch global review
Mark Carney, chairman of the Financial Stability Board and incoming Governor of the Bank of England
06/23/2013
Conyers shuts Moscow after five years in Russia
Conyers established its Moscow office in 2008, sending partner Caroline O’Hare to Russia to manage the office.
06/23/2013
Barclays calls lawyers in for cost-cutting summit
Barclays’ external legal advisers are expecting widespread spending cuts by the bank’s legal function as part of its Transform Programme
06/20/2013
FFW snares longstanding Taylor Wessing partner in three-lawyer swoop
Field Fisher Waterhouse has ratcheted up its City partner recruitment by hiring three lawyers from a trio of firms
06/20/2013
FCA agrees £380k landbanking settlement for investors
The Financial Conduct Authority (FCA) has agreed a settlement of proceedings in the High Court which will enable it to return approximately £380,000 to investors in a land bank.
06/19/2013
UK law firm adds three partners to private client group
Plans for further significant growth in private client legal services work with the appointment of three experienced partners and several other fee earners to its national Family law team.
06/19/2013
Tough talks ahead on regulation of markets
Member states agree a position on Mifid, but talks with MEPs lie ahead.
06/18/2013
FCA issues 'largest ever' £1m fine to mortgage adviser
The FCA said often people who sell their homes in this way are vulnerable as they are in financial difficulties and need to raise money to pay mortgage arrears and avoid imminent repossession.
06/17/2013
UK prepares charges against former UBS Libor trader
He has already been charged in the U.S., which is running a parallel criminal probe.
06/17/2013
U.K. Clashes With EU Over Bid to Boost Market Regulator’s Powers
The U.K. expresses concern that it is legally uncertain whether the powers granted to ESMA” are “acceptable
06/17/2013
Former UBS and Citigroup trader charged over Libor-rigging scandal
Hayes has been charged with eight counts of conspiracy to defraud for his alleged role in manipulating the price of benchmark interest rates at the heart of the banking industry.
06/17/2013
FCA asks Hargreaves to reveal details of share class negotiations
A preferentially-priced 'super clean' share class made available to a few distributors, or a clean share class with a rebate - which would be taxable.
06/17/2013
Agreement Reached Over MiFID II
This will enable the trilogue process to commence with the EU Parliament and EU Commission.
06/16/2013
Danish regulator issues warning for Canadian asset manager
Danish financial regulator, Finanstilsynet, has warned against Canadian asset manager Arrow Capital offering services in Denmark
06/16/2013
Eversheds eyes expansion for Africa network
Eversheds is setting out to grow its network of African best friend firms as work coming into the continent continues to boom.
06/16/2013
IFA pens financial advice book for women going through a divorce
Foxley, director of The Women’s Wealth Expert, has penned The Wealthy Divorcee: A step by step guide to navigating the finances during and after divorce.