12/16/2014
Banks breathe a sigh of relief, but expect tougher tests next time
Only one of the UK's eight big lenders failed the Bank of England's stress tests. That doesn't mean the rest can relax
Legal, Regulation & Compliance
12/16/2014
Duff & Phelps Launches Financial Regulatory and Compliance Practice with Acquisition of Kinetic Partners
As a result of this transaction, Duff & Phelps will create a dedicated Financial Regulatory and Compliance Practice, based on Kinetic Partners’ recognized leadership in providing regulatory consulting and compliance counsel to the financial serv
12/16/2014
No person will be blamed by inquiry into banking crash
The much-awaited €5m Oireachtas Banking Inquiry will not be able to blame anyone for Ireland's financial crash, unless that person agrees they made a mistake.
12/16/2014
German regulator set to lead new eurozone bank wind-down scheme
The president of Germany‘s financial regulator Bafin came within reach on Tuesday of leading a new eurozone scheme to wind down troubled banks
12/16/2014
U.Regulators Hit Hurdles on Fixing Benchmarks
U.K. regulators are expected to report in coming weeks on plans to fix global financial benchmarks.
12/16/2014
Switzerland Fissures as Account Secrecy Loses Charm
Fortress Switzerland is showing more cracks.
12/15/2014
Assets collapse, loans go bad Britain’s banks brace for a serious stress test
Simulated ‘market tantrum’ likely to be the first of an annual event under Bank of England’s new regulatory regime
12/15/2014
Netherlands Asks Bankers to Swear to God
I swear that I will endeavor to maintain and promote confidence in the financial sector
12/15/2014
Barclays sues over audit of hotel chain Von Essen
The lender is taking Grant Thornton to court over the collapsed hotelier's accounts
12/15/2014
Historic Law Firms Agree Merger
Law firm Hunters, which has a base in Towcester, is to merge with rival May, May & Merrimans from April next year.
12/15/2014
Wealth managers hit out over ‘crippling’ suitability requirements
Wealth management firms say they are being “crippled” by suitability requirements as the Financial Conduct Authority increases its scrutiny of the sector.
12/15/2014
FCA bans £43,000 fare dodger from working in financial services
Financial Conduct Authority says conduct of former Blackrock MD Jonathan Paul Burrows fell short of the standards expected in the City
12/15/2014
UCITS: Management Companies and Depositaries in the same group will have to evidence independence
ESMA has finalised its advice to the Commission on two aspects of the depositary provisions additional to AIFMD.
12/15/2014
Political agreement reached on the Regulation for European Long-Term Investment Funds
Political agreement was reached on a new brand of European closed-ended investment funds – commonly referred to as ELTIFs.
12/15/2014
Investment Trusts Lower Fees
The simplification and reduction in fee structures across the sector has been a marked trend in 2014 thanks to the competitive pressures from clean share classes
12/15/2014
EY launches multi-million pound claim against KPMG
KPMG has said that it will "vigorously defend" the action from its fellow Big Four member.
12/13/2014
Structuring management team incentives in France by King & Wood Mallesons
Private equity firms focus on alignment of economic incentives when they make investments, and that usually means that the portfolio company's management team has a hefty stake in the success of the enterprise.
12/13/2014
A Variable Outlook: Developments in Bankers’ Pay by King & Wood Mallesons
Financial sector feathers have been seriously ruffled by a succession of developments which arrived, like overdue buses, in a rapid sequence of three.
12/12/2014
Commerzbank US settlement set to top $1bn
Commerzbank is in talks to pay US authorities more than $1bn in fines to resolve allegations that the German bank broke anti-money laundering and sanctions laws — at least $400m more than previously thought.
12/12/2014
Global specialist law firm Elects 11 New Partners to the Firm
Global specialist law firm has announced that 11 lawyers have been newly elected as partners effective January 1, 2015.