11/06/2014
Major banks face competition probe
A full-blown competition investigation is to take place into the dominance the major banks have over personal and business accounts
Legal, Regulation & Compliance
11/06/2014
Breaking the link: Experts warn of compliance risks over dual indy/restricted advice model
Advisers frustrated with the constraints of their network’s restricted model are considering becoming dual authorised in order to offer both independent and restricted advice.
11/05/2014
Ulster Bank to be hit with fine of up to €5m for account glitches
Ulster Bank may be hit with a Central Bank fine of up to €5m for the IT failure that left customers unable to access their bank accounts for weeks on end in the summer of 2012.
11/05/2014
EBA opinion on CRD IV use of special allowances by Withers
The European Banking Authority (EBA) has published an opinion on the application of the Capital Requirements Directive IV (CRD IV), the principles of remuneration policies of credit institutions and investment firms and the use of special allowances.
11/05/2014
Market abuse surveillance: A reminder for prop and client traders
Patrick Spens, head of market monitoring, at the FCA recently spoke about the FCA’s market surveillance tools and expectations, which serves as a reminder to firms to ensure that they have adequate systems and controls to detect market abuse and sus
11/05/2014
FCA on restriction of retail distribution of CoCos and mutual funds
The FCA’s decision is driven by the fact it says; that most investors are unaware of the risks associated with share instruments issued by mutual societies.
11/05/2014
New funds supervision team
In a speech given by William Amos, director of wholesale banking and investment management, the FCA has announced, that it is creating a fund authorisation and supervision team.
11/05/2014
Ban on sale of “CoCos” to retail investors should be made permanent, says FCA
The permanent rules would also impose restrictions on funds that predominantly invest in CoCos.
11/05/2014
A respected NatWest bank manager jailed for stealing £185,000 from elderly customers to fund his gambling addiction
A respected NatWest bank manager who stole £185,000 from his elderly customers to fund his internet gambling addiction sobbed as he was jailed for 15 months.
11/05/2014
Pinsents moots international real estate ambitions
Property partner and head of core industries and markets Arthur Lovitt is clear that his ambitions for the firm’s real estate practice have a distinctly international flavour.
11/05/2014
Mourant Ozannes leads in the Channel Islands
The Chambers UK guide, now in its 25th year, compiles research from in-depth interviews with law firms and clients in order to produce one of the leading guides to the UK's best lawyers.
11/05/2014
FCA On Restriction Of Retail Distribution Of CoCos And Mutual Funds
The FCA is proposing to put in place new requirements which would apply when mutual society shares are sold to ordinary retail investors and to tighten the rules around the sale of contingent convertible securities
11/04/2014
Eversheds eyes Nordic economies as it merges with Helsinki firm
One of Finland’s leading law firms, Juridia Bützow, is to join Eversheds International, further broadening the international reach of both firms.
11/04/2014
Maclay Murray & Spens expands private client team
Law firm Maclay Murray & Spens has boosted its 30-strong private client and charities department, with the appointment of Alexis Graham as a partner.
11/04/2014
Launch of Eurozone Single Supervisory Mechanism marks turning point
As of today, banks in the Eurozone countries are subject to a single mechanism for banking supervision that comprises the European Central Bank and national competent authorities.
11/04/2014
Ropes & Gray Names 20 New Partners in Eight Offices Worldwide
Ropes & Gray proudly announces that 20 attorneys have been named partners of the firm, effective November 1. In addition, the firm named two attorneys as counsel.
11/04/2014
Global Private Bank CTO and Deloitte Director Join Expert Panel
The panel will feature Nick Taylor, Director of IAM at Deloitte and Andrew Bennett, CTO at global private bank Kleinwort Benson and will take place on Wednesday 12th November at 12:15 p.m. at the Hotel Russell in London.
11/03/2014
Offshore firms: in the zone
London is an increasingly important hub for offshore law firms, which are winning business from City-based financial institutions, and clients in Russia, western Europe and sub-Saharan Africa.
11/03/2014
Standard Chartered probed over sanctions
US authorities are investigating London-based Standard Chartered for potential US sanctions violations connected to Iranian-controlled entities in Dubai
11/03/2014
Law firms unite to create major wealth management force
Law firms Charles Russell and Speechly Bircham have combined to create a significant player in wealth management.