04/28/2016
Libya SWF case against Goldman Sachs back in London court on May 5
A pre-trial review hearing has been confirmed for May 5 and a trial date is expected to be set for early June.
Legal, Regulation & Compliance
04/28/2016
Senior Barclays executive denies knowledge of Libor rate rigging
Michael Bagguley, a prosecution witness in the trial of five former Barclays traders, denied any involvment in or knowledge of rate rigging
04/28/2016
Hungary’s Central Bank Companies May Keep Some Data Secret
Amendment allows central bank to conceal information that would hinder the competitiveness of its companies
04/27/2016
UK's Big Four Banks Face £19bn In Compensation, Fines And Legal Costs
Barclays, HSBC, Lloyds and RBS expected to pay out sum by end of 2017, taking total since 2011 to £75m, says Standard & Poor’s
04/27/2016
Andrew Bailey was not interviewed for FCA job, confirms chairman
The other candidate on the original list was Greg Medcraft, the head of Australia’s securities watchdog.
04/27/2016
Deutsche Bank aims to seal major legal disputes by end of 2016 - co-CEO
Deutsche Bank has been hit by its soaring legal costs, weak bond trading and a loss in its investment bank, which saw the financial institution post a record loss of 6.8 billion euros in 2015.
04/27/2016
Ex-Barclays boss tells court he knew nothing of ‘improper’ emails
Mr Bommensath told the court he was not aware of emails between Barclays staff talking about making requests about Libor but described them as “improper”.
04/27/2016
Stephenson Harwood and Charles Russell Speechlys promote nine to partnership in bumper rounds
Last year the firm had promoted five all in London
04/27/2016
Carey Olsen part of winning team at IFLR European Awards
Mr Marks said: "Being part of the winning deal team for this award reflects Carey Olsen's strong track record in advising on high yield deals."
04/27/2016
FCA proposes measures to improve the effectiveness of UK primary listed debt markets
It highlights the developments in primary debt markets the Forum considered and the issues it discussed.
04/26/2016
Deutsche Bank Board Erupts Into Conflict Over Legal Expenses
Deutsche Bank Chairman Paul Achleitner, who has known Thoma for decades, tapped the Shearman & Sterling LLP lawyer in 2013 to help improve controls and work through the company’s numerous cases of misconduct.
04/26/2016
Alpha FMC lauches Compliance and Regulation practice
Alpha FMC’s service portfolio currently spans around ten service lines, with propositions ranging from strategic and advisory work to benchmarking services and execution related support.
04/26/2016
German parliament to invite Draghi to testify on ECB policy: sources
The meeting with members of the committees on Europe, budget and finance would take place after the summer recess, which ends on September 5.
04/25/2016
Basel Committee consults on restricting the use of internal models to calculate credit risk weights
The Basel Committee is proposing to restrict the use of internal models to calculate credit risk weights. Comments are due by June 24.
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).
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.