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
Legal, Regulation & Compliance
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.
12/19/2013
VTB Capital to organize Ukrainian eurobonds issue in Russia's favor - Putin
VTB Capital will organize an issue of eurobonds by Ukraine, which will be placed on the Irish Stock Exchange in favor of the Russian Federation, Russian President Vladimir Putin
12/19/2013
Herbert Smith Freehills confirms appointment of new CEOs
Herbert Smith Freehills confirmed today the appointments of Sonya Leydecker and Mark Rigotti as joint chief executive officers.
12/19/2013
Brussels chief Michel Barnier bans banker meetings
Michel Barnier, the European Commissioner for internal markets and services, has banned his department's staff from holding any meetings with bankers
12/18/2013
Austrian prosecutors raid Raiffeisen CEO Sevelda's office
The spokesman for the prosecutors' office said four people including Sevelda were targets of the investigation, which was first reported by Austria's Kronen Zeitung newspaper online earlier on Tuesday.
12/18/2013
Linklaters tumbles from top 10 as public M&A market stalls in 2013
The figures, which are compiled by Thomson Reuters, encompass all deals launched between 1 January and 16 December 2013 that involved a UK party.
12/18/2013
Number of firms regulated by FCA set to rise in new year
The Financial Conduct Authority is set to see the number of firms it regulates double in 2014.
12/17/2013
Modernising risk in the modern bank By Graeme Wood, Specialist in Operational Risk and Process, Rule Financial
The good news is that firms who do invest in mitigating potential future problems will dramatically reduce the likelihood of their involvement in the next Investment Banking scandal.
12/17/2013
Ex-UBS Trader Hayes Pleads Not Guilty in First Libor Prosecution
Tom Hayes, the former UBS AG and Citigroup Inc. trader, pleaded not guilty to conspiring to manipulate Libor in the first prosecution stemming from a global investigation into rate rigging. Two former RP Martin Holdings Ltd. brokers, Terry Farr and James
12/17/2013
FCA bans former derivatives trader
The Upper Tribunal has directed the Financial Conduct Authority to ban former derivatives trader David John Hobbs from performing any role in regulated financial services.
12/17/2013
FCA bans four for 'disgraceful' failings in relation to occupational pension schemes
Three men have been banned from working in the financial services industry by the Financial Conduct Authority
12/17/2013
Appleby Reports Offshore Incorporation Activity For The First Half Of 2013
The number of new incorporations across the whole offshore region has fallen slightly compared with the previous six-month period but as the number of firms ceasing to trade has also dropped, this has allowed most registries to continue to grow. Many are
12/16/2013
Capital requirements for banks' equity investments in funds - final standard
The framework will be applicable to all banks, irrespective of whether they apply the Basel framework's Standardised Approach or an Internal Ratings-Based (IRB) approach for credit risk.
12/16/2013
UBS 'not responsible' to shareholders in rogue trader claim
US shareholders, including two New York based pension funds, claimed UBS officials and then-chief executive Oswald Gruebel had misled investors by frequently touting the bank’s internal controls prior to Adoboli’s fictious trades being reveale
12/16/2013
Partners at KPMG see 23 Per Cent Rise in Pay
Partners at KPMG have seen their earnings soar to £713,000 each on average
12/16/2013
Wealth Management Association wins EU battle over MiFIR trading reg
The WMA says this would have meant the effective termination of the UK’s Retail Service Provider system, which facilitates cost-effective and safe share trading for around 20 million transactions per year for private clients, trusts and charities.
12/15/2013
Russian Regulator Shuts Three More Banks in Clean-Up Drive
Moscow. Russia’s financial regulator revoked the banking licenses of three mid-sized banks Friday as the authorities expand a banking sector crackdown