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.
Legal, Regulation & Compliance
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.
07/28/2015
Farrer & Co - Family Businesses Summer Newsletter
What happens when a director of a company has become physically or mentally incapable of acting as a director?
07/28/2015
RBI securitizes € 705 million loan portfolio
The transaction leads to a reduction in RBI’s risk-weighted assets of approximately € 340 million, thus strengthening the Common Equity Tier 1 ratio by 4 basis points.
07/28/2015
More names emerge in race to become Linklaters managing partner
Bennett has been London litigation head since 2007 and was appointed global litigation head
07/28/2015
Revolving doors: Pinsents and Irwin Mitchell both hire from CRS as Gateley brings in two new partners
With the summer break fast approaching, there was a flurry in the lateral market among law firms last week as they looked to sign off key appointments.
07/27/2015
More transparency over UK prime property ownership needed to prevent fraud, campaigners say
Plans to create a public registry of the real owners of UK companies should be extended to make it clear who is behind the companies that own high-value London properties, Global Witness has said.
07/27/2015
Russian central bank withdraws licence from top 50 bank
The central bank said in a statement that Rossiysky Kredit Bank had hidden grounds for bankruptcy proceedings by providing inaccurate information about the state of its finances.
07/27/2015
Liechtenstein Disclosure Facility To Close In December
The UK and Liechtenstein have published a Joint Declaration that provides for the early closure of the Liechtenstein Disclosure Facility.