07/25/2013
FCA rolls out sales incentives review beyond banks
Last year, the regulator conducted a year-long review into retail banks and found a number of failings in incentive schemes, resulting in an investigation into Lloyds Banking Group.
Legal, Regulation & Compliance
07/25/2013
UK prosecutor sees more Libor charges within months
The Serious Fraud Office (SFO), under pressure to nail those responsible for manipulating the benchmark interest rate that helps oil the wheels of global finance, said on Thursday it would not shy away from high legal hurdles to punishing corporations.
07/24/2013
Vatican, Italy near deal on bank information exchange sources
Italy and the Vatican are about to reach a deal allowing for the first time regular exchange of financial information between the two states to combat money laundering, several sources with direct knowledge of the situation
07/23/2013
International law firm recruits six-strong team for Luxembourg launch
Hogan Lovells will be opening an office in Luxembourg on 1 August as part of its strategy to continue to grow its funds and tax practices and develop in markets that are key to the firm's clients.
07/23/2013
HSH Nordbank’s ‘Dr. No’ CEO Faces First German Trial Over Crisis
The two men were charged with breach of trust and false accounting over the Omega 55 transaction
07/23/2013
Trio jailed over £80m transatlantic boiler room fraud
The three men acquired dormant public-traded companies in the US to sell UK investors worthless stock.
07/23/2013
Royal Bank of Scotland fined £5.6m
The FCA’s overall objective is to ensure that markets function well.
07/22/2013
BNY Mellon survey: AIFMD will reduce choice and increase costs for fund managers and investors
New research by BNY Mellon, the global leader in investment management and investment services, points to significant uncertainty about Alternative Investment Fund Managers Directive
07/22/2013
Tycoon blames RBS in ‘billion-dollar swindle’
A taiwanese shipping magnate claims he was swindled out of more than a billion dollars by Royal Bank of Scotland.
07/22/2013
International law firm appoints new Finance Director
He joins from PricewaterhouseCoopers where he spent more than 20 years, will also sit on the BLP Board.
07/22/2013
Charles Stanley claws back £93k client redress from broker
Judge rules that 50:50 rule in contracts mean that brokers share losses as well as gains.
07/21/2013
Osborne Clarke expands European base with Paris launch
Osborne Clarke is launching a Paris office with a partner hire from local firm De Gaulle Fleurance & Associés
07/21/2013
Credit Agricole launches global panel shake-up
Credit Agricole has opened the bidding for places on its new panel, just two years after its last review.
07/21/2013
FCA fines US based oil trader US $903K for market manipulation
FCA has taken enforcement action against a High Frequency Trader, and reflects the FCA’s objective of enhancing the integrity of the UK’s financial markets.
07/21/2013
Bakers rejigs London management board adding two new partners
Baker & McKenzie has revamped its management board in London, electing partners Monica Kurnatowska and Helen Bradley to two years terms.
07/18/2013
Sullivan private client chief heads to London to launch UK practice
Sullivan & Cromwell is expanding its international private client practice to London with the transfer of New York-based group head Basil Zirinis.
07/18/2013
Top Sullivan private client partner heads to London for UK launch
Sullivan & Cromwell is expanding its international private client practice to London with the transfer of New York-based group leader Basil Zirinis.
07/17/2013
Italy's Ligrestis arrested in Fondiaria probe
"The failure to communicate this sensitive and crucial piece of information for investors has caused serious damage to at least 12,000 savers," the tax police statement said.
07/17/2013
Liechtenstein Bank stows extra $33 mln for imminent U.S. Tax Deal
LLB accused of Aiding Wealthy Americans to Evade Tax
07/17/2013
Deutsche Bank complaint fails in Tchenguiz battle with UK fraud agency
Deutsche Bank's bid to block disclosure of confidential documents at the heart of a court battle between property tycoons Vincent and Robert Tchenguiz