05/30/2016
Sergei Polonsky's pleas fall on deaf ears in a London court
My Week: From an oligarch’s troubles, to a gathering of the City’s most powerful bankers at Chelsea Flower Show
Legal, Regulation & Compliance
05/30/2016
EU Commission Clears Unicredit, Santander Fund Management Deal
The deal still needs to be cleared by a number of regulatory authorities, including the European Central Bank, the Bank of Spain and the Bank of Italy.
05/30/2016
Britain is the most corrupt country in the world, claims mafia expert
'It’s not the bureaucracy, it’s not the police, it’s not the politics but what is corrupt is the financial capital'
05/30/2016
Consolidator takes over Linder Myers
The firm will trade as ‘Linder Myers, part of Metamorph Law’ from its Spring Gardens office in Manchester, as well as its bases in Lytham, Chester and Shrewsbury.
05/30/2016
Probe into UK occupational pension schemes
Now it will also investigate how many pension schemes are at risk of failing.
05/27/2016
Bank of England accused of fluffing 'big call' on financial regulation
It’s disappointing that the Bank has stuck to its soft policy on bank capital.
05/27/2016
FCMC and ABLV Bank Signed Administrative Agreement
By signing the administrative agreement, the FCMC and ABLV Bank have agreed on amicable settlement to terminate the administrative matter initiated by the FCMC.
05/26/2016
Ex-Deutsche Bank Trader Bittar Fights to Proceed With FCA Suit
Regulatory proceedings are usually adjourned when there is a parallel criminal trial to avoid publicity that would interfere with the right to a fair trial.
05/26/2016
Recalculation of TMTP under Solvency II - Herbert Smith Freehills
The PRA has published a supervisory statement (SS6/16) on recalculation of the "transitional measure on technical provisions" (TMTP) under Solvency II.
05/26/2016
Bank of England Sets New Buffer Requirement for U.K. Lenders
The buffer, which will be applied starting in 2019, is intended to beef up banks’ resilience and reflects the economic damage that would be caused if they curtailed lending.
05/25/2016
Bank customers may cover cost of fraud under new UK proposals
At present, banks routinely cover the cost of fraud, regardless of blame.
05/25/2016
FCA warns banks on use of anti-money laundering rules to close accounts
Regulator criticises banks for using rules as excuse to terminate accounts of individuals and businesses they perceive as risky
05/25/2016
FCA Research into the issue of de-risking
The FCA, along with fellow agencies and authorities, has a long-standing programme of work in place to ensure the UK financial system is a hostile environment for money launderers. The work not only continues, but has been reinforced by the Government&rsq
05/25/2016
European Commission updated overview of Level 2 measures in financial services
The European Commission has published an updated overview of current and proposed Level 2 legislative measures in the area of financial services.
05/25/2016
French bankers try to reassure Senate over tax havens
Jacques D’Estais also said BNP was closing a branch in the Cayman Islands.
05/24/2016
Raft of promotions announced at London law firm
Managing Partner, Jesper Christensen, comments: “It is exciting to welcome each of these five talented individuals into the partnership as we continue to grow and strengthen our offering across all core practice areas.
05/24/2016
Laws and locations: A look at forced heirship regimes and estate planning for investments in Europe - Withers
The aim of international estate planning is to identify with trusted advisers such uncertainties and keep them to a minimum.
05/24/2016
Deutsche in U.S. Mortgage Probe
Yet more trouble for Deutsche Bank. U.S. authorities are reportedly investigating whether the bank masked losses on mortgage-backed securities, while a major ratings agency downgraded its creditworthiness.
05/24/2016
DLA Piper appoints new Head of Competition and Regulatory in Finland
Mikko joins DLA Piper from another leading law firm.
05/23/2016
Eversheds advises Investec Bank and Zeus Capital in £60m drinks deal
The acquisition was part funded through a placing of £32 million new ordinary shares.