04/18/2016
Wealth manager is struck off by the FCA
The notice stated the firm has not been open and co-operative in all its dealings with the regulator, in that it has failed to respond adequately to repeated requests for it to submit the RMAR.
Legal, Regulation & Compliance
04/18/2016
Regulators propose three-point plan to tackle fund liquidity risk
The paper reviews the current regulatory requirements on investment funds, while also exploring the use of complementary market based liquidity risk management tools including swing pricing, dual pricing, dilution levies and temporary borrowing from non-g
04/18/2016
Linklaters ramps up City promotions as 24 make partner
The size of the global promotions round is one up on 2015, when 23 Linklaters lawyers made partner, and is three up on 2014 when just 21 lawyers made partner.
04/17/2016
Herbert Smith Freehills - Financial regulation update
FCA Occasional Paper on HFT
04/17/2016
Once A Tax Haven, Gibraltar Now Says It's Low-Tax
Gibraltar's leaders and residents are breathing a sigh of relief that they have not been drawn into the controversy, saying they have reformed their tax structure and are a proper place to conduct business.
04/15/2016
Deutsche Bank settles U.S. gold, silver price-fixing litigation
The gold settlement was disclosed on Thursday, and the silver settlement on Wednesday.
04/15/2016
EU Weighs Stress Tests For Banks' Climate Risk Exposure
The proposed move would be designed to reduce long-term systemic risks linked to extreme weather or volatile energy prices.
04/15/2016
Offshore Funds: Is investment via an offshore investment fund objectionable? - Herbert Smith Freehills
In this article we compare the different methods of investment following the abolition of exchange control in the early 1980s
04/14/2016
Germany should keep its hands off the ECB
Schäuble’s campaign is wrong in principle and unwise in practice
04/14/2016
ESMA: No need for delay access rules for ETDs
The ESMA analysis found, however, that giving open access to ETDs “does not create undue risks to the overall stability and orderly functioning of European financial markets”.
04/14/2016
Spain Court Releases Two ICBC Executives With Conditions
The Madrid court said this weeky only one of the six detained still remains in preventive custody.
04/14/2016
HSBC risks losing US banking licence as pressure mounts over Panama Papers probe
That could lead to any fines being paid to American authorities and HSBC could even lose its right to operate in the country.
04/14/2016
Swedish cbank: Nordea reorg warrants tighter requirements
"There are hence grounds for tightening the requirements imposed on Nordea to strengthen the bank's resilience."
04/14/2016
ESMA announces EU-wide stress tests for CCPs
CCPs are also highly interconnected – both with financial institutions and markets – and the increasing volumes cleared through CCPs make them even more important for the financial system.
04/14/2016
FCA bans former RBS Libor submitter
This sets out the FCA’s finding that Mr Hussein is not a fit and proper person and its decision to prohibit him from any role in regulated financial services.
04/14/2016
Credit Risk Mitigation and Legal Opinions by Fieldfisher
The Capital Requirements Regulation (EU Regulation No. 575/2013) ("CRR") is part of the EU's legislative package to implement regulatory capital standards issued by the Basel Committee.
04/13/2016
FCA Cracks Down On Anti-Competitive Banking Practices
The FCA has published the interim conclusions of its investment banking market study, finding that while many clients feel well served by primary capital market services there were also some areas where improvements could be made to encourage competition.
04/13/2016
Basel III: Proposed Revisions to the Leverage Ratio - Field Fisher
The Basel Committee on Banking Supervision (the "Committee") has recently issued proposed revisions to the leverage ratio framework building on and amending standards issued in January 2014.
04/13/2016
Law Firms Merge To Combine More Than 200 Years Expertise
The new firm will be known as Coole Bevis LLP, and will retain four offices in Sussex and will offer expert legal services to both business and private clients.
04/12/2016
European Securities and Markets Authority Proposals to Improve Access by Regulators to Trade Repository Data
The European Securities and Market Authority published its final report containing final draft amending regulatory technical standards regarding requirements for regulator access to Trade Repositories data and the subsequent aggregation and comparison of