03/18/2013
FSA fines servicing firm £2.4m for market update failures
The systems and controls failings meant crucial information was not available to investors on a timely basis.
Legal, Regulation & Compliance
03/18/2013
Deutsche Börse Faces Lehman-Tied Claim
Deutsche Börse AG disclosed that it faces a claim of about €115 million
03/18/2013
UK suspends pension payments to expats in Cyprus
The move will stop more money going into Cypriot accounts
03/18/2013
One of the giants of the French legal system found dead near his private island in Brittany
Figure nicknamed the 'gangsters' lawyer', whose clients included Manuel Noriega, discovered near Brittany island of Boëdic
03/17/2013
Bloxham can challenge decision to revoke stock exchange membership
Bloxham, a limited partnership, was ordered to cease trading by the Central Bank last summer
03/17/2013
Ex-chief of Fraud Office apologises over £1m severance payments
Richard Alderman wrote to the public accounts committee last week to say sorry
03/17/2013
EIOPA and the World Bank sign agreement to develop global insurance sector
Organizations will cooperate on promoting worldwide risk based supervision and fostering consumer protection
03/14/2013
Italian Police Seizes Bulgari's Assets in Tax-evasion Probe
Among the seized assets there were several properties including one in Rome's renowned shopping street Via dei Condotti.
03/14/2013
Gibson Dunn's UK revenue falls despite global growth
Last year the firm represented UBS in realtion to the global regulatory and antitrust investigations connected with the Libor scandal.
03/14/2013
Clifford Chance seals hire of Norton Rose's Diamond lawyer
He led the Norton Rose team acting for Diamond amid allegations last year that Barclays had manipulated Libor.
03/14/2013
Baker Tilly merges offices
Baker Tilly has 26 offices throughout the UK.
03/14/2013
Norton Rose makes litigation and dispute resolution partner hire in Paris
He specialises in litigation and corporate compliance and joins Norton Rose's growing litigation and dispute resolution team from the Paris office of Clifford Chance.
03/13/2013
Spanish Efforts To Combat Tax Fraud Bear Fruit In 2012
According to the Government, revenue from fraud control activity alone increased by 16.9% last year
03/13/2013
FSA signals tougher stance with £100m record February fines
This year will see significant change to the financial services regulatory architecture within the UK
03/13/2013
Taxman set for more time to hunt dodgers
Recent cases have seen HMRC battle cases successfully through the courts
03/12/2013
FSA to ban platform legacy rebate deals from 2016
The new rules will be revealed officially in the near future, most likely in the upcoming platform paper.
03/12/2013
FSA cancels Herefordshire IFA over fee failure
Failure to pay approximately £2,700 in fees and levies to the regulator leads to the scrapping of permissions.
03/11/2013
Mishcon branches out into competition law with double partner hire
The new competition practice would fit snugly with and complement Mishcon’s existing business advising clients on investigations and fraud work.
03/11/2013
Ex-Dewey partner sues Barclays over capital loan
He claims the agreement included a clause entitling Barclays to demand repayment of the loan, including interest, if the firm’s indebtedness exceeded $250,000.
03/11/2013
Firms on tenterhooks over Lloyds panel revamp
The large banks’ panel reviews usually take at least three or four months to complete from the point at which procurement teams send out documents.