03/11/2014
Basel Targeted on Global Scale as Asian Banks Follow Denmark
Europe’s biggest covered bond issuers are turning to Asia to rally support in what they say will become a global challenge to the Basel Committee on Banking Supervision.
Legal, Regulation & Compliance
03/10/2014
Societe Generale, BNP Paribas and Credit Agricole under US Probe for Alleged Sanction Breaches
US authorities are probing French banks Societe Generale, BNP Paribas and Credit Agricole for alleged misappropriation and violating American sanctions against other countries.
03/10/2014
Norwegian F1 investment under scrutiny
Norges Bank Investment Management's stake in F1 is being questioned by ministers after the sport scrapped its IPO bid.
03/10/2014
Bank of England to launch inquiry over forex fixing claims
The Bank of England is to launch an independent inquiry into allegations it allowed manipulation of the foreign exchange market.
03/10/2014
Bath law firm is to merge with a regional counterpart
The two companies will operate under a new name to be announced in June when the merger takes place.
03/10/2014
Dentons unveils restructure in wake of Salans and Fraser Milner Casgrain merger
Dentons has unveiled a mass restructure for its UKMEA LLP following its 2013 tripartite merger, bringing its list of practice and sector groups under five new divisional heads.
03/10/2014
New rules force banks to change auditors in UK
Barclays is changing its auditor of the past 120 years and Lloyds and Royal Bank of Scotland could follow suit as Britain’s bank auditing landscape gets shaken up by new rules.
03/10/2014
BLP reshapes finance team with new divisional heads
Berwin Leighton Paisner has named two new department heads within its finance team following a string of exits from the firm.
03/10/2014
English High Court Places Manx Company into Administration
It became what is believed to be the first Isle of Man incorporated company, with its Centre of Main Interest in the Isle of Man, to be placed into administration in England.
03/10/2014
EU seeks deal on bank restructuring body
European finance ministers tried Monday to agree on how to set up a joint authority that can restructure or shut down failing banks.
03/09/2014
EU watchdog eyes gains from revalued Bank of Italy stakes
The European Securities and Markets Authority has raised doubts about whether Italian banks will be able to book gains in their 2013 results resulting from a hike in the value of stakes they hold in the Bank of Italy
03/07/2014
Bourtzalas becomes second partner to quit Ashurst’s Brussels office in a month
Competition and EU partner Efthymios Bourtzalas has quit Ashurst’s Brussels outpost, just weeks after the exit of renowned partner Julian Ellison from the same group.
03/07/2014
Morgan Lewis hires Taylor Wessing partner to lead City PE group
Morgan Lewis today announced that accomplished private equity and investment funds lawyer Tom Cartwright has joined the firm as a partner in the Business and Finance Practice, resident in London.
03/07/2014
Czech Republic: trust fund — a newly introduced asset management option
The recent re-codification of Czech civil law has introduced a new legal instrument called a trust fund or simply a trust.
03/06/2014
Annual Law firms survey: survival by no means certain as gap widens between midmarket and Top 10 firms - PwC
The challenges in the UK legal market highlighted in our previous surveys have taken a huge toll, so much so that medium term survival is not assured for some firms.
03/06/2014
The FCA’s regulatory approach to crowdfunding over the internet, and the promotion of non-readily realisable securities by other media
This policy statement will interest firms that operate investment-based crowdfunding platforms
03/06/2014
£75 trillion payment systems industry to have new regulator – FCA will open the market to new entrants to improve competition
Every year these payment systems process over 7 billion transactions, worth over £75 trillion. The FCA’s ‘call for inputs’ will help shape the focus of the new regulator’s work.
03/06/2014
Private banker jailed for stealing to fund addiction
An private banker who stole nearly £600,000 from wealthy clients to fund his gambling habit has been jailed for two years.
03/06/2014
Brewin Dolphin sues Charles Stanley over mass defection of staff
The case comes after six senior employees from Brewin Dolphin’s own Leicester office, including former branch head Ed Cufflin, left the firm back in March 2013 to open a Charles Stanley base in the same location.
03/06/2014
FCA to regulate crowd funding for entrepreneurs and novice investors
The Financial Conduct Authority is to issue rules and regulation in order to protect entrepreneurs who seek crowd funding to finance their ideas and businesses.