08/06/2014
ESMA releases responses to MiFIDII/MiFIR Consultation and Discussion papers
The European Securities and Markets Authority (ESMA) has made public the responses it received to its Consultation and Discussion Papers on MiFID II/MiFIR.
Legal, Regulation & Compliance
08/06/2014
FCA restricts distribution of CoCos to retail investors
In the first use of new consumer protection powers, the Financial Conduct Authority (FCA) will restrict firms from distributing contingent convertible securities (CoCos) to the mass retail market from 1 October 2014.
08/06/2014
Hungary c.bank fines 58 local credit institutions for unlawful services fee hikes
The central bank conducted an investigation to determine whether banks were acting in compliance with consumer protection regulations
08/06/2014
Ogier Legal advises on the launch of the €800 million Mid Europa Fund IV
Mid Europa Fund IV is a Guernsey authorised closed-ended investment scheme established primarily to make controlling investments in market leading companies in Central and Eastern Europe and Turkey (the Region).
08/06/2014
Sidley Austin triumphs for Investec in banker bonus High Court battle
The former bankers argued that they had an unwritten agreement with the bank that their bonuses would be calculated based on an “economic value added” formula, rather than the profit and loss accounts of their desk.
08/06/2014
Bonus bashing rule could put off top banking talent
The new rules on remuneration have been imposed due to concerns over excessive risk taking and bankers’ role in the financial crash of 2008.
08/05/2014
10 Most frequently asked questions by Dalila Ver Elst, Senior Compliance Officer, Maitland
FATCA is US law, but what does “UK FATCA” mean?
08/05/2014
IMA hits out at European body over dealing commission conflict
The Financial Conduct Authority has cracked down on fund managers charging clients for corporate access and revealed last month that only two of the firms it
08/05/2014
C.Agricole starts sanctions talks with U.S. authorities
The bank said it had sent the results of its internal review to the U.S. authorities.
08/05/2014
The Hedge Fund Manager On The FBI’s Most Wanted List
Florian Wilhelm Jürgen Homm, a German hedge fund manager who was on the run for more than five years, is wanted by the FBI for his alleged involvement in a market manipulation scheme designed to artificially improve the performance of eight Cayman I
08/05/2014
Sidley Austin defends client in High Court case against Standard Bank
Sidley Austin has successfully acted for the Mongolian national railway company in a $55m High Court battle against Standard Bank.
08/05/2014
Swiss add names to list to prevent bypassing of Russia sanctions
This latest move, which tracks the individuals and organisations on the European Union's sanctions list, raises the number of people affected to 87 and the number of organisations to 20.
08/05/2014
Barclays can keep $6bn Lehman assets, court rules
Barclays won court approval to buy much of Lehman's brokerage business four days after the US company filed for the largest bankruptcy in American history
08/04/2014
Banks laugh all the way to big profits as scandals fade
Bad behaviour grabs the headlines, but recovery has transformed lenders’ prospects
08/04/2014
France gets European support for G20 challenge on bank fines - FT
The report citied officials from France and other European nations.
08/04/2014
Pinsents reigns over Aim listings as Stephenson Harwood and DLA make gains
Pinsent Masons has continued to dominate legal advice to the Aim market, increasing its yield of clients from 53 to 57.
08/04/2014
A Toppled Financier Finds a Safe Harbor in Germany
He used a debit card to buy a ticket to Florence
08/03/2014
A Post-AIFMD World by Des Pierce, SS&C
On a positive note, all responses to our survey suggested that AIFMs were prepared to meet the requirements of the AIFMD and the questions and knowledge demonstrated would support that sense of readiness.
08/03/2014
The non-resident landlords scheme: Could you be liable? by Katie Jackson, Withers
A non-resident landlord ('NRL') is a landlord who has UK rental income and whose 'usual place of abode' is outside the UK.
08/03/2014
Outrage at high flying City asset manager who became 'biggest fare dodger in history' by avoiding £43,000 in rail tickets while owning two country mansions worth £4million
He had hoped to avoid prosecution and publicity by reimbursing Southeastern trains just three days after being caught by a ticket inspector last November.