04/25/2016
Deutsche Bank Co-CEO, Ex-Officials Cleared in Fraud Case
The Deutsche Bank executives were accused of deceiving judges in a civil lawsuit filed by Leo Kirch, who died in 2011, seeking 2 billion euros ($2.25 billion).
Legal, Regulation & Compliance
04/25/2016
Clouds descend on cocos as banks air concern
Some academics say cocos are an uncomfortable halfway house, proving to be more volatile than bonds but lacking the full loss-absorbing qualities of equity.
04/25/2016
PwC: Just 2% of asset managers have 'robust' risk controls
PwC suggests the findings show a disconnect between asset managers and their custodians in terms of understanding their roles, responsibilities and priorities.
04/25/2016
More countries sign up to beneficial ownership transparency
Panama Papers The moves follow a string of transparency measures proposed in the wake of the Panama Papers scandal which involved the leak of millions of documents from Panamanian law firm Mossack Fonseca.
04/24/2016
Vulture fund swoops on fraudster Breifne O'Brien
Some of the loans were in the names of high net worth individuals and many of professionals who borrowed during the boom.
04/22/2016
Ogier wins IFLR ‘High Yield Deal of the Year’ Award
Ogier worked closely with Latham & Watkins who advised the lenders and initial purchasers on English law and New York law issues for the transaction, which completed in December 2015.
04/22/2016
German Government MP Warns Of Damage From Brexit
Jens Zimmermann says Germany would lose balancing force if Britain left EU
04/22/2016
Anglo American Pay Revolt As 41% Oppose Remuneration Report As It Happened
Germany has responded to the earlier comments from ECB president Mario Draghi.
04/22/2016
HK Regulator In Talks With EU Markets Over Mutual Fund Recognition
Hong Kong’s securities regulator is in talks with certain European markets over the possibility of mutual fund recognition.
04/22/2016
Fca and Royal London clash over long-term savings market
Independent governance committees interestingly are not a compeition tool, they are an alternative to competitive tool.
04/22/2016
Online challenger Masthaven Bank secures banking license
It will also build on the experience of parent company Masthaven Finance to provide specialist mortgages for UK borrowers who might struggle to get loans from the big, established lenders.
04/22/2016
Debevoise Advises AmTrust in Agreement to Acquire ANV Holding B.V. for $218.7 Million
Pending regulatory approval, both parties expect the deal to close in the third or fourth quarter of 2016.
04/22/2016
Allen & Overy advises on largest post-crisis RMBS transaction
Allen & Overy advised Morgan Stanley as arranger and the joint lead managers.
04/21/2016
The Bank of England needs to speak up on Brexit
Only by producing a leave and remain forecast will the bank show it is taking its mandate seriously
04/21/2016
Asset Management Team of the Year: Simmons & Simmons
The practice was also brought on board to advise the London branch of Commerzbank as the fund manager of the first UK-domiciled exchange-traded fund on the London Stock Exchange for the China Construction Bank.
04/21/2016
FCA asks advisers for year's worth of recommendations
The FCA has also asked IFAs whether they record rebalancing investments as part of personal recommendations that would fall on the advice register.
04/21/2016
ICBC Standard Bank selects Fenergo Client Lifecycle Management platform
By implementing Fenergo’s Client Lifecycle Management solution, ICBC Standard Bank will benefit from a highly optimized process that ensures global compliance and improves operational efficiencies.
04/21/2016
Supreme Court judgment on what is a "collective investment scheme"
The UK Supreme Court has held that activities related to sales of individual plots at six possible development sites in various parts of the United Kingdom amounted to a collective investment scheme under section 235 FSMA. In so doing the Court affirmed t
04/21/2016
EDCAB leads discussions as industry and policymakers come together to discuss future of virtual currencies and blockchain in Europe
This is an important step in building legitimacy for the sector and industry agreed on the need to be transparent about how they manage risk and work with policymakers to educate and build public confidence.
04/21/2016
Dechert fails in final bid for public hearing on £6.6m fee dispute
Dechert denies the allegations, arguing that it needs to cite legally privileged material to defend itself