12/13/2014
A Variable Outlook: Developments in Bankers’ Pay by King & Wood Mallesons
Financial sector feathers have been seriously ruffled by a succession of developments which arrived, like overdue buses, in a rapid sequence of three.
Legal, Regulation & Compliance
12/12/2014
Commerzbank US settlement set to top $1bn
Commerzbank is in talks to pay US authorities more than $1bn in fines to resolve allegations that the German bank broke anti-money laundering and sanctions laws — at least $400m more than previously thought.
12/12/2014
Global specialist law firm Elects 11 New Partners to the Firm
Global specialist law firm has announced that 11 lawyers have been newly elected as partners effective January 1, 2015.
12/12/2014
Real estate newsletter | December 2014 - Withers
Welcome to the latest issue of the Withers' real estate newsletter
12/12/2014
Important Update on Irish and EU Financial Services Developments - Maples and Calder
The Central Bank of Ireland ("CBI") has published an address by Mr. Gareth Murphy, Director of Markets Supervision (the "Director") at the recent Irish Funds Industry Association symposium in the UK.
12/11/2014
Thousands To Get Northern Rock Refunds
Representatives of the defunct high street lender lose a legal test case over compensation stemming from loan documents.
12/11/2014
PAC given a week to hand over Ansbacher tax dossier
The legal action comes after Sinn Fein deputy leader Mary Lou McDonald named six former ministers in the Dail under privilege, saying they were mentioned in the Ansbacher dossier.
12/11/2014
Volta Finance says process of admission on LSE is progressing well
The Board believes that this may also lead to the ability to raise fresh capital for the Company in the future
12/11/2014
Banks With Most Equity Penalized as Sweden Girds for TLAC
To protect its economy, Sweden three years ago began imposing on its banks some of Europe’s toughest capital requirements, including orders to fill buffers largely with equity.
12/11/2014
Swiss charge ex-HSBC staffer with industrial espionage
Switzerland has charged a former computer analyst at HSBC's private bank in Geneva with industrial espionage and breaching the country's secrecy laws for passing confidential client data to foreign authorities.
12/11/2014
Withers Regulatory Watch News - December 2014
Welcome to the December issue of Withers' Regulatory Watch.
12/10/2014
Former Swiss Banker to Stand Trial Over WikiLeaks Data
Prosecutors are seeking a prison sentence of three and a half years for Elmer, 59, who embarked on a whistle-blowing campaign after leaving the bank more than a decade ago.
12/10/2014
ECB considering tighter rules for emergency funding
This could go some way to assuaging German concerns about the ECB embarking on a round of sovereign bond purchases -- a possibility it is considering.
12/10/2014
Tycoon impaled on Marylebone railings was in £20m divorce battle
Scot Young, 52, and his former wife fought Britain's most high-profile divorce
12/10/2014
StanChart sets up financial crime committee after U.S. scrutiny extension
The new committee will assume responsibility from next month for policies, procedures, systems and controls for anti-money laundering
12/10/2014
Two of UK's oldest private client law firms to combine
‘It is our responsibility to keep evolving so that we continue to be a leading Lincoln’s Inn law firm for many generations to come.
12/10/2014
Eversheds boosts real estate team with lateral hire
She has negotiated the final suites of property agreements arising from successful bids including transferring offshore transmission assets to Offshore Transmission Operators.
12/10/2014
FCA publishes the Davis Review and the FCA Response
The FCA has today published Simon Davis’s review (Davis Review) in full and the FCA’s formal response.
12/10/2014
Penningtons Manches Opens Overseas Office In San Francisco
This builds upon the firm's considerable network of clients and contacts in San Francisco and Silicon Valley.
12/10/2014
FCA supervision - Thematic reviews - Withers
The FCA has published the findings of its thematic review concerning complaint handling which identified four main barriers within firms that in the FCA’s view, prevents effective complaints handling under DISP: