08/04/2015
Wragges' investment funds team acts on half of IPO and secondary deals in 2015
Broker-Profile published details of the 20 IPOs/significant secondary issues, which raised £3.2bn in total, in its July newsletter.
Legal, Regulation & Compliance
08/04/2015
A Black Country law firm strengthens private client team
The law firm has strengthened its private client team with the appointment of five new members of staff.
08/03/2015
Greece Planned German Corruption Probes in ‘Grexit’ Scenario
Citing Greek government officials under condition of anonymity, Efimerida Ton Syntakton reported that the plan included opening corruption probes into prominent German companies
08/03/2015
European Union gets serious about data protection
Upcoming law tightens cyber breach enforcement
08/03/2015
‘Fortress Europe’ freezes Cayman Island hedge funds out
Hedge fund managers domiciled in the Cayman Islands, the US, Hong Kong and Singapore face uncertainty over whether they can sell their funds across Europe following a ruling by a European regulator.
08/03/2015
ESMA Recommends that the AIFMD Passport be Extended to Guernsey and Jersey
The European Securities and Markets Authority (ESMA) has recommended to the European Parliament, Council and Commission that the AIFMD passport be extended to Guernsey and Jersey.
08/03/2015
John Dalli’s fraudster associate Mary Swan likely to face Maltese justice
Mary Swan, a fraudster who accompanied former EU Commissioner John Dalli on a number of dubious trips to the Bahamas in 2012 to discuss “charitable” investment opportunities, is likely to face justice in Malta.
08/03/2015
Delta Lloyd seeks to resolve legal dispute with DNB
The court delivered a ruling last week in which it upheld DNB`s arguments for imposing a fine.
08/03/2015
Govt and FCA launch major review of financial advice market
A major review into consumer access to the financial advice market has been launched by HM Treasury and the Financial Conduct Authority.
08/03/2015
Gordons team break away to launch private client firm
A TEAM from law firm Gordons LLP have broken away from the firm, announcing the launch of new business Progeny Private Law.
08/03/2015
Verbatim launches structured deposit based on fund portfolio
Verbatim Asset Management is to offer adviser clients a structured growth deposit product linked to a basket of its funds.
07/31/2015
Extension of the AIFMD Passport
The European Securities and Markets Authority delivered their advice to the Commission, Parliament and Council of the EU on the extension of Alternative Investment Fund Managers Directive passports to non-EU jurisdictions.
07/31/2015
Wolters Kluwer Financial Services urges Banks to Explore Impact of Net Stable Funding Ratio
Impact of NSFR Reform Explored in Newly Released White Paper from Wolters Kluwer Financial Services
07/31/2015
AIMA urges progress on passport for third country jurisdictions
AIMA said it supported the granting of the passport to Switzerland, Jersey and Guernsey. But AIMA said the passport should be granted to all the main asset management and fund jurisdictions.
07/31/2015
Lloyds Bank payment protection claims bill tops £13bn
Lloyds called the additional provision for PPI "disappointing".
07/30/2015
Tougher banking rules must stay, says Bank of England deputy governor
A senior policymaker at the Bank of England has said that regulations imposed on the banking sector since the 2008 crisis should not be scaled back in any effort to fuel economic growth.
07/30/2015
U.S. must wait for EU hedge fund "passports" - EU watchdog
The European Securities and Markets Authority also said it has not yet reached a view on whether hedge funds and other alternative investment funds from the United States should be given a "passport".
07/29/2015
FCA finds firms still failing to fully manage benchmark risks
The FCA found that some progress had been made on improving the oversight and controls around benchmarks.
07/28/2015
BlackRock says Italy's regulator dismisses charges over Saipem share sale
Italian market regulator Consob has dismissed all charges against fund group BlackRock and one of its managers over the alleged use of insider information to sell shares in Saipem in 2013, BlackRock said on Monday.
07/28/2015
Baker Bags Two Amid Belfast Opening, Plus More Lateral Moves
The Am Law Daily reported nearly a year ago on Baker & McKenzie laying the groundwork for its new back office in Belfast, making the firm the latest in a series of Am Law 100 shops to open such outposts in an effort to slash expenses.