02/01/2016
Banks reach $154.3 million settlement on "dark pool" fraud
The SEC and New York Attorney General had planned to announce the joint settlement Monday before it was reported by The Wall Street Journal Sunday morning.
Legal, Regulation & Compliance
02/01/2016
Cameron hopes on Brexit deal rise after Tusk meeting
The European Commission has drafted texts confirming that the current situation in Britain justifies an “emergency brake”.
02/01/2016
AIMA calls for Regulatory Reforms to support Non-Bank Finance
AIMA makes the case that rules should allow greater asset managers’ participation in securitisations in order to support the supply of finance to small and medium-sized enterprises.
02/01/2016
Deloitte launches regulatory and investor reporting service
Business advisory firm Deloitte has launched a new service targeting investment managers, banks and insurance firms struggling to navigate the growing wave of complex marketing regulations and tax rules.
01/29/2016
Barclays has been hit with a lawsuit for nearly a £1bn
The bank said in a statement: “We believe the claim against Barclays is misconceived and without merit and Barclays will be vigorously defending it.”
01/29/2016
Finally! City regulators investigate former HBOS bosses
More than seven years after the collapse of HBOS, City regulators have begun an investigation into the failed bank's former bosses.
01/29/2016
France and Germany to Strengthen Control on Bitcoin
Due to the increase in the use of bitcoin in purchasing illicit goods on the dark web and hacking attacks
01/29/2016
Regulator responds to first EU-wide stress test
TPR's executive director for regulatory policy Andrew Warwick-Thompson said the flexibilities of UK pension schemes means they can respond to adverse market conditions.
01/29/2016
ESMA Consults On MAR Guidelines Regarding Market Soundings And Delayed Disclosure Of Inside Information
MAR strengthens the existing market abuse framework by extending its scope to new markets, platforms and trading behaviours.
01/29/2016
Belgian Government To Step Up Measures To Combat Bitcoin Money Laundering
The tax authorities have started investigating fraud cases involving bitcoin.
01/29/2016
Regulators want to check the robots before they're unleashed
Regulators across Europe are conducting reviews of the robo-advisory market.
01/29/2016
UK banks pay 2 billion pounds for mis-sold rate swaps, reviews complete
The compensation total includes 464 million pounds for so-called consequential losses, which set the clock back to the point before the products were sold and require banks to compensate beyond the direct losses that businesses have suffered.
01/28/2016
Senior Promotion In Dispute Resolution at Murray Beith Murray
Her main areas of practice include contractual disputes, property litigation and debt recovery.
01/28/2016
Where there’s a will, there’s William at leading law firm
Solicitor William Rowe has joined the firm as an associate.
01/27/2016
Two more banks’ licenses revoked in Azerbaijan
These banks couldn’t fulfil their obligations to creditors and didn’t manage their current activity reliably and prudentially
01/27/2016
European Commission Letter to ESMA on Application of AIFMD Passport
The Commission stated that with regard to the advice on granting the AIFMD passport to managers and funds established in third countries, it agrees that the country-by-country approach adopted by ESMA is correct.
01/27/2016
Bond Dealers Tell U.K. Debt Office Their Job Is More Onerous
Investors at the Tuesday gathering said the burden of regulation risks cutting liquidity and pushing up transaction costs
01/26/2016
Leading offshore law firm aooints new director
He has a loyal and growing following of clients who value his technical skills, his pragmatic approach and his super quick turnaround times.
01/26/2016
King & Wood Mallesons in Talks to Raise Capital in Europe, Review Finances
Fuller declined to comment on many specifics of the five-year plan, called “2020,” but said part of it would entail strengthening the firm’s European business, which he confirmed has struggled with some cash flow issues because of its &a
01/26/2016
UK Considers Allowing Iranian Banks to Resume Business in London
The Iranian banks are now working with regulators to get up to speed with new regulation such as capital requirements, risk management and governance, before restarting operations.