07/24/2015
Former Anglo CEO offers video evidence to Banking Inquiry
Former CEO of Anglo Irish Bank David Drumm has offered to give evidence to the Banking Inquiry by video link from the US.
Legal, Regulation & Compliance
07/24/2015
Leading global law firm bolsters disputes with ex-Barclays financial crime chief
He joins from Barclays where his most recent roles include Managing Director of Litigation and Investigations (overseeing the bank's investigation and litigation capability) and Global Head of Financial Crime Legal.
07/23/2015
Leaked document says Barclays is 'under-resourced' as it considers axing 30,000 jobs
Barclays executives warned internally in March that a project to get a new license to operate in the UK may lack resources as the company prepares to be split up under new "ringfencing" requirements, according to a document leaked to Business In
07/23/2015
International law firm launches new Corporate Crime & Fraud Unit
In the aftermath of the global financial crisis, businesses around the world face ever tougher legal and regulatory requirements and more stringent laws cracking down on corporate misconduct.
07/22/2015
Barclays considers DPA agreement with Serious Fraud Office over Qatar dealings
Barclays is reportedly weighing up a deal that would settle its long-running criminal probe into its dealings with Qatari investors that raised £5.8 billion during the financial crisis.
07/22/2015
UK's Osborne says no plans to loosen banks' ring-fence
Asked by a member of parliament about a media report that finance ministry officials were preparing to relax incoming ring-fencing rules, Osborne said he was unaware of this.
07/21/2015
Hanson Renouf is shortlisted for three Citywealth Awards
We are very delighted to announce that Hanson Renouf has been shortlisted in the Citywealth IFC Awards as Boutique Law Firm of the Year.
07/21/2015
Fraud regulators visited Barclays 186 times last year
The number of visits does not correspond exactly to how frequently rules are being broken
07/21/2015
Wealth manager staff jump to compliance as salaries soar
Asset and wealth managers hunting for compliance professionals to help tackle the ever-increasing regulation in the industry has driven up salaries, drawing more people to the jobs.
07/21/2015
SFO Offers Barclays Deal Amid Qatar Probe
The SFO gained powers to strike DPAs in February last year
07/21/2015
EU approves 4th Anti-Money Laundering Directive - Withers
After almost a year of wrangling, the EU Council and the European Parliament have finally reached an agreement on a new Anti-Money Laundering Directive.
07/21/2015
Voluntary disclosure programmes - Private foundations: The problem stated - Withers
A substantial number of cases involve private foundations, typically legacy structures based in Liechtenstein and Panama.
07/20/2015
Mark Carney trains his sights on asset managers
The Bank of England is happy with banks, and is now worried about the rest of the financial system
07/20/2015
NCI warns Mifid II could force out boutique asset managers
The investment management community and especially the ‘boutique’ community find that the regulatory burden imposed upon us by the EU is so expensive
07/20/2015
Barclays Welcome Mat Worn Out as U.K. Watchdog Visits 186 Times
Four out of five days in any given week last year, Barclays Plc bankers were probably rubbing shoulders with FCA investigators as the regulator visited the U.K. bank more than any other.
07/20/2015
It's time to reward the good behaviour within the financial services industry by PwC
In an attempt to change behaviours within the financial services industry, regulators, governments and firms have mostly focused their efforts on deterring the few that might behave inappropriately. Yet the industry continues to be plagued by scandal and
07/20/2015
UK fund managers face £2bn bill for EU regulation
‘Total on-going maintenance costs, allowing for the continuation of cross-border marketing, could be near €1.4 million per year.’
07/19/2015
Dawn raids fall as FCA shifts focus - FT
“The FCA is doing a great job with the headline-grabbing scandals but it needs to focus on the smaller issues too or it will face a huge task of cracking down on a backlog of smaller illegitimate investment schemes in the future,” Mr Burger sa
07/17/2015
Criminal charges loom over facilitating tax evasion
Companies that facilitate tax evasion are set to face criminal charges under plans unveiled ahead of an “unprecedented step change
07/17/2015
Deutsche Bank Executives Named by German Regulator in Rate Probe
Jain oversaw the investment bank when the manipulation attempts took place.