03/16/2012
U.K. Compliance and Enforcement Expert Joins Willkie's London Office
Firm continues to expand its market-leading expertise on both sides of the Atlantic
Legal, Regulation & Compliance
03/15/2012
Tax havens give EU commissioner the runaround
The EU commissioner trying to stop tax cheats from hiding money in Switzerland is puzzled why Austria and Luxembourg are standing in his way.
03/15/2012
IOSCO outlines requirements for mandatory clearing
Banks and clearing houses should work together to decide which products should be centrally cleared, according to a new report from the International Organisation of Securities Commissions (IOSCO).
03/14/2012
Swiss Private Bank's European credit sales head fined by FSA
He was an active participant in the guessing game and could have extracted himself before straying into dangerous territory but he did not do so.
03/14/2012
Global Law Firm deploys video collaboration service globally
The new platform is used extensively for a wide range of activities – from senior executives holding board meetings to the internal support team running training sessions, global case reviews, and client meetings.
03/14/2012
Ex-HBoS executive admits FSA 'worries'
One of HBOS's most senior former executives has admitted he is "worried" he could become embroiled in the City watchdog's investigation into the failed bank.
03/14/2012
MiFID II bans fees
The European PRIPs initiative, designed to raise and align retail investor protection standards across Europe, follows a two-pronged approach:
03/14/2012
KPMG Forensic gets a new director
He was previously a director in Deloitte’s Enterprise Risk Services division
03/13/2012
UK barrister to drive growth at Sciaroni & Associates
An Oxford-educated economist with practical knowledge and experience of international investment, among other experiences he has advised on a $150 billion portfolio for a major international bank.
03/13/2012
Linklaters and Debevoise lead on AIG's $6bn Hong Kong share sale
Debevoise & Plimpton and Linklaters have taken lead roles on AIG's $6bn (£3.8bn) placement of shares in its Hong Kong spin-off, AIA Group, reports The Asian Lawyer.
03/13/2012
Cayman-based firm makes waves here
The Cayman Islands-headquartered law firm wasted no time in launching an aggressive head-hunting campaign, poaching numerous market-leading partners and lawyers from A&L Goodbody, Matheson Ormsby Prentice and Arthur Cox.
03/13/2012
Switzerland offshore tax deal criticised by MP
A tax deal with Switzerland aimed at preventing high-earning expats and big businesses using the country's secretive banking system to avoid paying UK rates has been criticised by MPs
03/13/2012
FSA spending £100m to help insurers meet Solvency II
The Financial Services Authority (FSA) is spending more than £100 million and has 5% of its staff working on ways to help insurers with new propositions in line with Brussels’ incoming Solvency II regulations, according to reports.
03/13/2012
Tunbridge Wells HSBC manager jailed
The ex-HSBC bank manager who stole a friend's identity while committing large-scale fraud has been jailed for three years.
03/13/2012
HBOS failures raise questions about senior City figures
Former top managers at HBOS said the Financial Services Authority’s (FSA) report into “misconduct” in HBOS’s corporate division had put members of the bank’s former audit and risk committees under the spotlight.
03/12/2012
British banks hit by new mis-selling scandal
The businesses claim the banks profited at their expense from pushing them to take out highly complex interest rate derivatives.
03/12/2012
Herbert Smith and McGuireWoods on standby for Lloyds shareholder dispute
Providing Lloyds Action Now (LAN) acquires funding, Nahal will pursue the case against former Lloyds TSB directors for allegedly misleading investors over its merger with Halifax Bank of Scotland (HBOS) in 2008.
03/12/2012
Bank of Scotland slammed by FSA for high-risk strategy
It said the bank was too optimistic over bad debts and did not take "reasonable care" to control its affairs.
03/12/2012
HBOS bosses beware! Bank escapes fine due to taxpayer stake
The FSA said the corporate division took too many risks from the start of 2006, leaving it vulnerable to the financial downturn.
03/12/2012
Scots conman plots to reveal secrets of massive bank swindle after early release
The 34-year-old from Livingston, West Lothian, has been ordered to pay back £1,984,794 after a proceeds of crime investigation by City of London Police.