09/25/2014
AIB fraudster told to pay £3.25m or face seven more years in jail
Compensation may be paid to the victims of Achilleas Kallakis’ fraud
Legal, Regulation & Compliance
09/25/2014
Japanese bank switches to Lombard's Reporter
Lombard Risk Management has announced that a large Japanese bank has switched from rFrame to Lombard Risk’s REPORTER service for Bank of England regulatory reporting and compliance.
09/25/2014
France's Jeantet launches in Switzerland with DLA Piper hire
Jeantet is the first French firm to have opened in Switzerland
09/25/2014
FCA MiFID II conference summary - Withers
On 18 September, the Financial Conduct Authority (FCA) held a conference which addressed the agenda for Markets in Financial Instruments Directive (MiFID) II.
09/24/2014
SEC Charges Barclays Capital with Systemic Compliance Failures After Acquiring Lehman’s Advisory Business
After its wealth management business in the U.S. acquired the advisory business of Lehman Brothers in September 2008.
09/24/2014
International law firm announces additional partners in London and Hong Kong
Their accomplishments and strengths have been widely recognized over the years, but, more importantly, the results they have obtained for their clients are the true proof of their excellence.
09/24/2014
Addleshaw Goddard strengthens London Real Estate group
Addleshaw Goddard has today announced that it has hired real estate specialist Helen Worth as a partner in its London office.
09/24/2014
Leading offshore law firm advises Hermes and Westfield on £400 million UK shopping centre deal
Leading offshore law firm has acted as Jersey legal adviser to both Hermes Real Estate, as buyer and the Westfield Group, as seller in relation to the acquisition by Hermes of Westfield's half share in a £400 million retail po
09/24/2014
Goldman Sachs's new London HQ facing legal challenge from neighbours over their 'right to light'
Aberdeen Asset Management and Royal London Asset Management (RLAM) are demanding compensation for the loss of illumination
09/24/2014
Credit Agricole Sparks Probe of EU Bias on Rate-Rigging
Credit Agricole SA’s complaint that European Union regulators showed bias in their rate-rigging probe is under investigation by the EU’s ombudsman.
09/24/2014
Barclays Dark Pool Trading Probe: 'If We Made Mistakes We'll Take the Sanction and Move On'
Barclays boss Antony Jenkins said if the bank has made mistakes over its high frequency trading practices on so-called 'dark pools'trading platforms that do not disclose trade or party details publicly until after the transaction is completed
09/23/2014
Russian regulator revokes 3 more licenses in banking sector restructuring
The licences were revoked for violation of laws prohibiting money laundering and terrorism financing, shady operations and investing in low-quality assets
09/23/2014
EU Bank Stress Tests: Who Will Pass and Who Will Fail?
This year's tests are said to be the toughest the EBA has imposed to date
09/23/2014
Trader Mercuria gets on UK regulator list ahead of key purchase
Mercuria has become a rare trading house to be registered with the British financial regulator, weeks before it is expected to close a deal to buy Wall Street bank JPMorgan Chase & Co.'s commodities trading business.
09/23/2014
BBA urges Bank to exclude HNW clients from LTI cap
We have some serious concerns about what such legislation would mean for a small, but increasingly important part of our financial services industry – private banks and high net worth customers.
09/23/2014
Barclays fined £38 million for putting £16.5 billion of client assets at risk
Barclays Bank Plc has today been fined £37,745,000 by the Financial Conduct Authority for failing to properly protect clients’ custody assets worth £16.5 billion.
09/23/2014
CISI calls for whistleblo​wer financial hardship fund at SPEAK UP event
“Accordingly, we suggest that a financial hardship fund should be established, financed from fines imposed by the regulator, to provide comfort to potential whistleblowers that they will receive financial support where necessary.”
09/23/2014
German Prosecutors Charge Deutsche Bank Executive
Charges Relate to Legal Dispute With Heirs of Media Mogul Leo Kirch
09/21/2014
More Libor-manipulation charges likely
The U.K. Serious Fraud Office is readying more criminal charges this year against traders in its Libor-manipulation probe, according to people with knowledge of the matter.
09/21/2014
Russian oligarch's arrest a warning from Putin, says hedge fund boss
Kremlin move against Vladimir Yevtushenkov is warning against a palace coup to protect any tycoons' shrinking wealth, says Bill Browder