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Legal, Regulation & Compliance

06/24/2013

Libor scandal: regulators launch global review

Mark Carney, chairman of the Financial Stability Board and incoming Governor of the Bank of England

06/23/2013

Conyers shuts Moscow after five years in Russia

Conyers established its Moscow office in 2008, sending partner Caroline O’Hare to Russia to manage the office.

06/23/2013

Barclays calls lawyers in for cost-cutting summit

Barclays’ external legal advisers are expecting widespread spending cuts by the bank’s legal function as part of its Transform Programme

06/20/2013

FFW snares longstanding Taylor Wessing partner in three-lawyer swoop

Field Fisher Waterhouse has ratcheted up its City partner recruitment by hiring three lawyers from a trio of firms

06/20/2013

FCA agrees £380k landbanking settlement for investors

The Financial Conduct Authority (FCA) has agreed a settlement of proceedings in the High Court which will enable it to return approximately £380,000 to investors in a land bank.

06/19/2013

UK law firm adds three partners to private client group

Plans for further significant growth in private client legal services work with the appointment of three experienced partners and several other fee earners to its national Family law team.

06/19/2013

Tough talks ahead on regulation of markets

Member states agree a position on Mifid, but talks with MEPs lie ahead.

06/18/2013

FCA issues 'largest ever' £1m fine to mortgage adviser

The FCA said often people who sell their homes in this way are vulnerable as they are in financial difficulties and need to raise money to pay mortgage arrears and avoid imminent repossession.

06/17/2013

UK prepares charges against former UBS Libor trader

He has already been charged in the U.S., which is running a parallel criminal probe.

06/17/2013

U.K. Clashes With EU Over Bid to Boost Market Regulator’s Powers

The U.K. expresses concern that it is legally uncertain whether the powers granted to ESMA” are “acceptable

06/17/2013

Former UBS and Citigroup trader charged over Libor-rigging scandal

Hayes has been charged with eight counts of conspiracy to defraud for his alleged role in manipulating the price of benchmark interest rates at the heart of the banking industry.

06/17/2013

FCA asks Hargreaves to reveal details of share class negotiations

A preferentially-priced 'super clean' share class made available to a few distributors, or a clean share class with a rebate - which would be taxable.

06/17/2013

Agreement Reached Over MiFID II

This will enable the trilogue process to commence with the EU Parliament and EU Commission.

06/16/2013

Danish regulator issues warning for Canadian asset manager

Danish financial regulator, Finanstilsynet, has warned against Canadian asset manager Arrow Capital offering services in Denmark

06/16/2013

Eversheds eyes expansion for Africa network

Eversheds is setting out to grow its network of African best friend firms as work coming into the continent continues to boom.

06/16/2013

IFA pens financial advice book for women going through a divorce

Foxley, director of The Women’s Wealth Expert, has penned The Wealthy Divorcee: A step by step guide to navigating the finances during and after divorce.

06/14/2013

ABN Told by Court to Pay Fired Energy Bankers $1.41 Million

ABN Amro Group NV was told by an Amsterdam court to pay 1.06 million euros ($1.41 million) in compensation to two bankers it fired

06/13/2013

Madoff's UK unit was "warehouse for stolen money"

U.S. fraudster Bernard Madoff used his London-based company to "warehouse" huge amounts of money stolen from the Ponzi scheme

06/13/2013

Supreme Court decision in Prest v Petrodel: The 'unyielding rock' of corporate integrity? - Withers

Welcome clarity from the Supreme Court on financial awards from companies on divorce

06/13/2013

Ex-Bradford & Bingley Banker May Be Fined in Secret FCA Dispute

The fine hasn’t been confirmed and Willford may still challenge it at the Upper Tribunal, another court dealing with regulatory disputes.

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