12/21/2016
FCA must disclose extra documents in Libor case
There was a culture where the manipulation of the Libor setting process was pervasive
Legal, Regulation & Compliance
12/21/2016
U.K.-based banks could sue the bloc if it does not grant them a transitional deal
Britain's 26 billion pounds legal sector could be at 'risk' if the government fails to secure guarantees following Brexit.
12/21/2016
Eversheds partners vote in favour of merger with US firm Sutherland
Partners have voted in favour of a merger between law firms Eversheds and Sutherland.
12/21/2016
BNP Paribas, Societe Generale among major French banks suing ECB to reduce capital demands
The legal action comes amid heightened tension between banks and the ECB
12/21/2016
Spanish Banks Lose EU Case on Mortgage Interest Repayments
EU court ruling concerns ‘mortgage floors’ on Spanish loans
12/21/2016
Former trader claims in court Belgian law applies to Euribor
City watchdog disagrees with Christian Bittar’s reading of legislation
12/21/2016
Dutch housing coop Vestia seeks damages from Deutsche Bank for derivatives
Vestia's own losses are usually estimated at about 2 billion euros
12/20/2016
Herbert Smith Freehills - Financial regulation update
The PRA has published a frequently asked questions (FAQ) document on Solvency II regulatory reporting.
12/20/2016
WW Property Investments Limited v National Westminster Bank
Court of Appeal refuses permission for addition of claims regarding LIBOR manipulation
12/20/2016
UBS accused over cross-border ‘tax fraud money laundering’
French judicial authorities’ have been investigating UBS since April 12, 2012
12/20/2016
Orrick Named to Geneva's Top 5 Law Firms for Litigation and Arbitration
Geneva is an important base for our international litigation, arbitration and dispute resolution practices
12/20/2016
Italy court acquits four former JPMorgan execs in Parmalat case: source
Parmalat collapsed at the end of 2003 with a 14 billion euros hole in its accounts.
12/20/2016
Deutsche Bank could settle U.S. penalty this week: source
This would remove the biggest uncertainty facing the bank, which had sought a deal before President-elect Donald Trump, a Republican, takes office on Jan 20.
12/20/2016
Tangible results on the road to reform in Ukraine
Reforms are necessary to make Ukraine a stable, prosperous country.
12/20/2016
OCCRP Reporting Leads to Moves Against Baltic Banks
Also in March 2016, the European Central Bank (ECB) stripped the license of Trasta Komercbanka, which had Ukrainian co-owners.
12/20/2016
Eversheds advises Citadele bank on €40 million unsecured subordinated bond issue
The maturity date of the bond issue is 6 December 2026, and the issuer has the right to redeem the bonds after five years.
12/20/2016
Slovenia invites EOI for advisers on banks' risk appetite guidelines
The tender was launched via the EBRD, after the Bank of Slovenia requested the EBRD provide it with technical assistance
12/20/2016
Greater transparency tops wealth manager’s challenges in 2017
The information exchange will not be standardised among territories, but depends on agreements signed by between two nations individually.
12/20/2016
IMF chief found guilty over tycoon payment
Board meets to discuss fallout of guilty verdict against Lagarde
12/20/2016
Intesa Sanpaolo not aware of any probe over Rosneft deal
"To our knowledge this transaction is not currently subject to any investigation by the relevant Italian and European authorities," a spokesman for Intesa said.