01/01/2014
KPMG Settles Netherlands Charges Dating to 2000
Ballast Nedam is a construction contractor accused of paying hundreds of millions in bribes to win large project contracts in Saudi Arabia
Legal, Regulation & Compliance
12/31/2013
Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour
He quit this year after missing out on the Bank's top job
12/31/2013
Capital requirements for banks will be lowered temporarily in Estonia in the new year
Eesti Pank will assess the need for additional capital requirements as part of the twice-yearly Financial Stability Review produced by the central bank.
12/30/2013
McClure Naismith appoints new director of private client services
She will be responsible for managing and promoting more widely McClure Naismith’s portfolio of specialist Private Client services and expertise.
12/30/2013
FCA warns on boiler room graphene investments
We are receiving many reports from people who have been offered investments in graphene, which is a type of carbon that may one day be used in display screens, electrical circuits and batteries.
12/30/2013
DFSA Signs Agreements With Italian Regulators
CONSOB is the public authority responsible for regulating the Italian securities market and protecting the investing public. It also conducts investigations with respect to potential infringements of insider dealing and market manipulation law.
12/30/2013
Spain arrests eight over global bank cyber heists
The arrests are one of the biggest breakthroughs yet outside the United States in connection with a series of global bank heists, coordinated across numerous countries by cells which withdrew millions of dollars in a matter of hours.
12/29/2013
French 'millionaire's tax' gets go-ahead from Constitutional Council
The measure, introduced in line with a pledge by President Francois Hollande to make the rich do more to pull France out of crisis, has infuriated business leaders and soccer clubs, which at one point threatened to go on strike.
12/28/2013
SFO plans fightback in 2014
The reality is that every case the SFO does is make or break. 2014 will be about putting the past behind us
12/26/2013
The FCA racks up a record total of £472m in fines in its first year
The total in the first year of the Financial Conduct Authority represents a 51 per cent increase on the £311.6m imposed in 2012, the last full year of the Financial Services Authority, which was itself a record.
12/25/2013
Russia accuses USA of violating bank secrecy
The U.S. authorities have violated several provisions of the Vienna Convention
12/24/2013
Booz & Company Approves Combination with PwC
Booz & Company's global partners have voted overwhelmingly to approve a combination with PwC.
12/24/2013
Walker Morris advises UK Wealth Management on acquisition
The acquisition, which is subject to approval by the FCA, will add £1.3bn in assets to the AIM-listed group.
12/24/2013
Hogan Lovells Appoints new Global Co-Head of Private Equity
He will take the reins from Alan Greenough, who is retiring
12/24/2013
New Year, New EU Capital Requirements Regulation, Warns Hogan Lovells
The CRR takes effect as a directly effective piece of EU legislation, whereas the rules that it replaces were rules made by local regulators (which in the UK was the PRA) based on EU directives.
12/23/2013
FCA: 43% more reports of suspicious trades in wake of Libor-rigging scandal
Financial Conduct Authority received 117 self-reported cases of possible distortion and manipulation in a 12-month period
12/20/2013
Deutsche Bank to Pay $6.5M in FINRA Civil Charges
A unit of Deutsche Bank AG will pay $6.5 million to settle civil charges stemming from "serious and operational deficiencies" uncovered by regulators in its enhanced lending program
12/20/2013
New NAMA revelations from US courts
THREE more businessmen have come forward with serious allegations about the leaking of information at NAMA, as controversy surrounding the bad bank deepens.
12/19/2013
Firm fined £1.8million for "unacceptable" approach to bribery & corruption risks from overseas payments
The Financial Conduct Authority has fined JLT Specialty Limited over £1.8million for failing to have in place appropriate checks and controls to guard against the risk of bribery or corruption when making payments to overseas third parties.
12/19/2013
FCA wins legal battle over £8m fine for trading platform
The Financial Conduct Authority has won a legal battle against a Canadian trading platform to enforce a £8 million fine for trading abuse.