02/10/2014
Regulator Tightens Screw on Transition Management
The FCA has provided specific feedback where needed, and will continue to monitor the conduct of TM providers.
Legal, Regulation & Compliance
02/07/2014
Russian banker charged with embezzlement of $55 mln - report
The investigation has brought final charges against banker Alexander Gitelson regarding embezzlement of $55 million, Kommersant daily writes on Thursday.
02/07/2014
Ashurst sees drop in cash reserves pre merger
Ashurst saw a £13.9m drop in net funds and cash at bank in the financial year before its £550m merger with legacy Blake Dawson.
02/07/2014
NPRF fires State Street after UK overcharging scandal
The National Pension Reserve Fund has terminated the mandate held by State Street Global Advisors to manage €650 million worth of equities for it
02/07/2014
Goldman’s Dibelius, Bafin’s Menke to Testify at Oppenheim Trial
The head of Goldman Sachs Group Inc.’s operations in Germany and the country’s second-highest ranking bank regulator will testify at the trial of former managers of Sal. Oppenheim Jr. & Cie this month.
02/06/2014
Bankers face 4 year minimum jail time in EU crackdown
Financial market abusers could face a minimum of four years in jail under new plans voted through the European Parliament on Tuesday amid a string of financial scandals.
02/06/2014
Brazilian 'Mensalao' banker Pizzolato arrested in Italy
The former director of Brazil's state-owned bank, who was sentenced in Brazil for corruption and money-laundering, has been arrested in Italy.
02/06/2014
Former head of SFO accused of running chaotic agency
Richard Alderman, the former head of Britain's leading fraud prosecution authority, oversaw a chaotic agency that was unable to keep records and documents in order
02/05/2014
LinkedIn fraudsters claiming to be from Aberdeen Asset Management
Aberdeen Asset Management is warning people to look out for emails from fraudsters purporting to be from the company
02/05/2014
UK law firm strengthens Private Client Team
He trained with Blake Lapthorn in Oxford
02/05/2014
Financial promotion: An indication of FCA’s new approach to intervention - Withers
Publication of the FCA's concerns about the MSM advertisements follows the announcement made by the FCA in November 2013, of its thematic review of insurance price comparison websites and also gives an indication of the FCA’s new approach to in
02/05/2014
FCA guidance on inducements for product providers and advisory firms - FCA
The guidance is relevant to all providers of retail investment products to be sold by advisers, as well as advisory firms providing personal recommendations for such products and payments made by providers to unregulated third party firms that are for the
02/04/2014
Norton Rose Fulbright launches global regulation and investigations practice
We identified global regulation and investigations as an area that is one of the greatest for clients in terms of concern, focus and spend
02/04/2014
SocGen the next target for Libyan Investment Authority
In its legal claim the LIA alleged that Goldman funded luxury trips to Morocco
02/04/2014
Brokers confused by trade body launch
Industry welcomes launch of Insurance Brokers’ Standards Council but rues lack of clarity over its role
02/04/2014
Banks to Corporates Prepare for Big Bang of EU Swaps Rules
Companies from banks and technology firms to energy suppliers are set to face European Union swaps rules
02/04/2014
Senior Management Increasing Efforts Globally To Combat Money Laundering
Attention being paid by senior management to money laundering challenges is at an all time high according to findings from a new KPMG International report.
02/03/2014
Eversheds produces multi-jurisdictional guide to Consumer Rights Directive
Eversheds has produced a guide to the CRD that looks at how the CRD will change the laws of 15 EU countries. Click here to access a copy of the guide.
02/03/2014
Paris office of global law firm announces sponsorship of innovative mentoring programme in France
The unique and innovative initiative is dedicated to women between the ages of 25-39 years old within the immigrant population, who statistically face more difficulties in progressing in their desired career paths.
02/03/2014
Guy Norman makes opening bid to lead Clifford Chance corporate group
There isn’t a slam dunk candidate but the key name is Guy