09/08/2014
FCA in new conduct risk push for wealth management firms
Invitees will range from the largest private client firms
Legal, Regulation & Compliance
09/08/2014
Fund groups may face 5% profit hit
Analysts at Numis have predicted that asset management companies could face at least a 5 per cent hit on profits from proposed European regulation on research.
09/08/2014
FCA withdraws ‘high risk’ country list
The Financial Conduct Authority, the U.K.’s financial regulator, has pulled a controversial list of countries that the organization considers high risk for money laundering and financial crime.
09/08/2014
Linklaters first UK organisation to win EY diversity award
Linklaters has been named the first organisation in the UK to achieve a new equality standard launched by EY and a group of UK businesses including Nestle, Vodafone, RBS and Microsoft UK.
09/08/2014
Minster’s legal director Underwood joins Capita-owned rival Optima Legal
Minster Law’s director of legal services Craig Underwood has joined Capita-owned volume legal business Optima Legal as head of legal services today.
09/08/2014
World's premier law firm appoints Global chief talent officer
Over the course of his 25 years in business and 15 years in human resources, Peter has built a career as a leader and trusted advisor to executive levels of management in top tier professional services organizations.
09/08/2014
EU Banks Sidestepping Bonus Limits Face Regulatory Crackdown
Allowances, also known as role-based pay, are a regularly adjustable part of employees’ pay packets.
09/08/2014
Prospects for fresh financial products
Product innovation in the investment market is nothing new, but the changes in pension rules and regulation reforms such as the Retail Distribution Review, are providing investors with a wider variety of vehicles to meet their specific needs.
09/08/2014
RBS, Lloyds Would Fail ECB Asset Review, Mediobanca Says
Moody’s Investors Service cut the outlook for the U.K. banking system to negative from stable last month, citing an increased credit risk from rules designed to prevent the use of taxpayer funds to support failed institutions.
09/08/2014
European Regulation On The Freezing Of Bank Accounts
A new regulation establishing a European Account Preservation Order came into force on 17 July 2014 and will be applied by participating Member State courts from 18 January 2017.
09/08/2014
EU’s Barnier seeks result of probe into banker allowances by end of September
Banks use of so-called allowances to soften a European Union cap on bonuses could face a “coordinated policy response”, the EU’s financial services chief Michel Barnier has warned, prompting bankers to argue politicians should steer clea
09/07/2014
FCA Pulls List; Commits to Thorough Review of Methodology
It also has committed to a full review of the methodology that resulted in the Cayman Islands being placed on the list.
09/07/2014
Shamed Pensions Director Sacked by Swiss Finance Firm
One of the bosses of a firm named and shamed for misusing clients’ pension funds has been sacked from his senior role with a top finance firm in Switzerland.
09/07/2014
UK in last-ditch effort to overturn EU bonus cap
Treasury to clash with EU in court on Monday over rules limiting bonuses in attempt to defend UK financial sector
09/07/2014
Gibraltar set to publish ILS guidelines
Captive Review has learnt that Gibraltar's Financial Services Commission (FSC) is expected to publish its ILS Guidelines this month.
09/07/2014
Global law firm Strengthens Capital Markets Practice
Global law firm has strengthened its Global Capital Markets Practice with the addition of partner Gernot Wagner in its Frankfurt office.
09/07/2014
White & Case Advises BNL and BNP IP on Sigit's €6 Million Private Placement
Global law firm White & Case LLP has advised Banca Nazionale del Lavoro S.p.A. as arranger and purchaser, and BNP Paribas Investment Partners SGR S.p.A. acting on behalf of purchaser BNP Paribas Bond Italia PMI, on the issue of €6 million 6.25 pe
09/05/2014
Commerzbank close to settling U.S. sanctions probes
The New York regulator is likely to receive about $300 million
09/05/2014
Top German banker slams ECB for 'arbitrary' stress tests
The ECB is putting the euro zone's 131 largest banks through an unprecedented health check before it becomes their supervisor in November
09/05/2014
Hedge-Fund Liquidators Sell Manager's House
Liquidators of the collapsed hedge fund Weavering Capital have sold a house belonging to its manager Magnus Peterson for close to £1 million, a small step in their efforts to recoup $450 million in damages that they were awarded in a civil case two