07/27/2016
Barclays Cartel Trader Told ‘Life Isn’t Fair’ Before Firing
"I found it not only unfair, but entirely unreasonable and deeply offensive."
Legal, Regulation & Compliance
07/27/2016
Goldman Sachs abused trust in dealings with Libyan LIA, fund's lawyer tells trial
The LIA argues the bank took advantage of its financial naivety by first gaining its trust, then encouraging it to make risky and ultimately worthless investments.
07/26/2016
Charities Regulator examining groups over investment vehicles
Special-purpose vehicles are used by financial firms to facilitate tax avoidance
07/26/2016
Stress tests add pressure on European banks
Deutsche Bank and Commerzbank look as vulnerable as some of the Italian lenders
07/26/2016
Lagarde to face trial over €400m payment to French tycoon
Christine Lagarde, head of the International Monetary Fund, must stand trial over accusations of negligence during her time as French finance minister, France’s highest appeals court ruled last week.
07/26/2016
What is top of the pile for the regulatory bonfire?
This is in the context of the Enterprise Bill, currently going through Parliament, which may mean the FCA has to have the costs of any changes to its regulation verified by the independent Regulatory Policy Committee.
07/26/2016
What might prudential regulation look like under Brexit?
The central EU position is not to grant this without the free movement of people.
07/26/2016
Revolving Doors: Global 100 Firms Invest In Europe As Baker & Mckenzie, Mayer Brown And Bird & Bird Make Hires
Baker & McKenzie has added two partners in Germany to expand its energy and M&A practices.
07/26/2016
Top Executives To Be Put Under Further Pressure To Disclose Pay Ratios
The final report is due to be published tomorrow after an interim report that lambasted current executive pay practices as “broken” and “not fit for purpose” was released three months ago.
07/26/2016
May 'Orders Crackdown' On Offshore Tax Havens
Both The Times and the Daily Mail report that senior Whitehall officials in the government's "policy unit" have been told to draw up plans to tackle abuses of the tax system, perhaps in time to be unveiled at the Conservative Party conferen
07/26/2016
Swiss to pass information on HSBC accounts to US tax agency
Switzerland said it plans to give information to U.S. tax authorities about accounts at HSBC Holdings Plc's Swiss private bank, as part of a U.S. investigation into tax evasion.
07/25/2016
Will Brexit Break-Up Affect Your Divorce? The View From Hong Kong - Withers
Will the UK's own divorce from the European Union - ending a "marriage" going back to 1973 - affect divorces at the personal level for those with cross-border financial interests at stake?
07/25/2016
Brexit: EU considers migration ‘emergency brake’ for UK for up to seven years
Diplomats working on deal to give Theresa May greater concessions than those won by David Cameron, despite French doubts
07/25/2016
Another fine mess for HSBC
Withdrawing their licences to operate in the US could spark financial calamity.
07/25/2016
EU securities watchdog fines Fitch 1.38M euros
ESMA found certain senior analysts in Fitch transmitted information about upcoming rating actions on sovereign ratings to certain senior persons in a parent company of Fitch before it was made public
07/25/2016
ESMA backs Guernsey for AIFMD passport
Guernsey to be evaluated as a trusted jurisdiction that continues to provide a stable and competitive environment for business.
07/25/2016
OMGI’s Purzitsky: Don’t expect much from Bank of England in August
This leads naturally to the question of what we should expect in August.
07/25/2016
Post-crisis clearing rules block derivatives users from market
A clearing house is a counterparty that sits in the middle of a transaction between buyer and seller with the aim of reducing risk.
07/25/2016
Rosenblatt Solicitors Corporate Team Enjoys Record Period M&A and Private Equity Deals
Whilst the long term effects of Brexit remain to be seen, we have been encouraged by the number of new mandates we have secured.
07/25/2016
What the G-20 Call for More Fiscal Emphasis Means for Investors
Shift toward fiscal policy may boost banks and steepen curves.