07/22/2014
Eversheds partner Jeremy Irving has commented on news that the Financial Conduct Authority (FCA) is launching an investigation into insurance price comparison websites.
07/21/2014
Serious Fraud Office set to launch criminal probe into forex rigging
The SFO is expected to announce a criminal inquiry into traders' alleged manipulation of the £3 trillion-a-day currency markets as early as this week.
07/21/2014
German savings bank group warns of price bubbles: Report
The head of Germany's Sparkassen savings banks association fears that the European Central Bank's expansive monetary policy stance could create price bubbles, he told a German paper, without specifying which markets were causing him concern.
07/21/2014
EU banks beat bonus cap with cash allowances
The European Banking Authority has already signalled a crackdown on such “role-based allowances” for senior staff as the watchdog fears they could fall foul of EU limits on bonuses.
07/21/2014
Some alternatives firms not covered as AIFMD goes live
A range of private equity firms and hedge funds have yet to receive authorisation to operate under the European Union’s Alternative Investment Fund Managers Directive despite the fact it comes in to force this week.
07/21/2014
Why free bank accounts will have to go to spur competition in banking
The Competition and Markets Authority is consulting on its provisional decision to launch a formal investigation into UK banks. In other words, the CMA wants to increase competition in banking to better meet the needs of consumers.
07/21/2014
Naomi Campbell ex switches from Sidley to HSF for billionaire hotel battle
Naomi Campbell’s oligarch ex Vladislav Doronin has dropped Sidley Austin for Herbert Smith Freehills for the latest round of his High Court battle with his business partners.
07/21/2014
Britain to detail pensions overhaul with tax, annuity reforms
Osborne is keen to give people more freedom to tap into the cash they set aside during their working life by scrapping tax penalties imposed on those who want to withdraw their savings in a lump sum.
07/21/2014
Jersey Finance welcomes new charities law
New legislation approved by Jersey’s government will help confirm the jurisdiction as a leading, mature and flexible centre for global philanthropic work, according to Jersey Finance.
07/21/2014
BNP case spurs calls for whistleblower incentives in banking
The U.S. Securities and Exchange Commission has scored big enforcement successes and delivered millions of dollars in awards to whistleblowers under a programme from the 2010 Dodd-Frank overhaul of Wall Street.
07/21/2014
Intesa Sanpaolo sees 65 mln euro hit on Q2 net from Hungary law
Italian bank Intesa Sanpaolo expects new Hungarian legislation requiring banks to compensate borrowers for exchange rate spreads applied on foreign currency loans to cost its second-quarter net income around 65 million euros
07/20/2014
Dentons boosts Bucharest banking and finance group
Dentons strengthens its Bucharest offering with the appointment of former partner Perry Zizzi, a highly-regarded lawyer in the market.
07/18/2014
STEP Private Client Awards - Butler Snow finalist for International Legal Team of the Year
The winner will be announced at the STEP Private Client Awards on Sept. 17 at the Hilton Park Lane Hotel in London.
07/18/2014
The companies, which aren’t named in the notice, are Barclays, Deutsche Bank and hedge-fund manager Renaissance Technologies LLC, the people said. Representatives for each of the companies plan to testify at the July 22 hearing, the people said.
07/17/2014
The new requirements build on rules that already require banks to submit data on the number of employees earning more than 1 million euros ($1.4 million).
07/17/2014
Charles Russell Speechlys Combination Set to Transform Top Tier of Private Wealth and Business Law Firms
The partners of both Speechly Bircham and Charles Russell have today voted overwhelmingly in favour of a merger which will create one of the world’s leading private wealth and business law firms.
07/17/2014
Introductory statement by Dr Andreas Dombret, Member of the Executive Board of the Deutsche Bundesbank, at a roundtable discussion organised by the Canon Institute for Global Studies and the EHESS, Tokyo, 15 July 2014.
07/17/2014
The European Central Bank said it will publish the results of its asset review and stress tests of banks late October and will allow two weeks for banks with capital shortfalls to plan remedial measures for the same.
07/16/2014
We are co-operating with those investigations
07/16/2014
Evidence will show the bank’s system for calculating bonuses wasn’t fluid, it was “clear and fixed”