07/08/2014
U.S. regulators begin settlement talks with Commerzbank, Deutsche Bank - source
Commerzbank had 934 million euros (741 billion pounds) at the end of 2013 as provision for litigation risks
Legal, Regulation & Compliance
07/08/2014
Keler CCP receives authorization under new European trade execution rules, bringing total to nine
With the authorization of KELER CCP (HU), there are now nine CCPs authorized under EMIR
07/08/2014
Ex-JPMorgan trader contests UK regulator's 'Whale' findings
The French national was accused of participating in a conspiracy to hide losses within JPMorgan's Chief Investment Office in London
07/08/2014
FCA’s new mandate could be ‘very expensive’ for firms
Law firm partner warns competition regulation and the principles of competition law will be “increasingly important”.
07/08/2014
FSCS sounds alarm over pension advice and passporting
The Financial Services Compensation Scheme has raised concerns over the increasing number of claims it has received relating to pension advice and passporting.
07/07/2014
Roadmap for reform quietly unfolding across the City
The recommendations of the Kay Review are gaining traction as institutional investors begin to push for reforms at companies
07/07/2014
Santander boss Ana Botin warns over bank rules
The chief executive of Santander UK warns that implementing the Vickers banking reforms could have potential “unintended consequences” for small firms
07/06/2014
EU banking regulator warns against dealing with bitcoins sans rules
The EBA noted that "a substantial body of regulation" will be required to address these risks.
07/06/2014
Trio of City boutiques team up with Buzzacott to launch professional advisory service
Maurice Turnor Gardner partner Richard Turnor said the alliance members’ practices are complementary as his firm focuses on advising firms on their own M&A.
07/04/2014
JPMorgan Said to Have Unwittingly Helped BNP’s Transfers
The Paris-based bank relied on a legal memo that suggested using a U.S. bank might protect it from sanctions penalties, according to the statement of facts filed by prosecutors in New York.
07/04/2014
Small funds on FCA umbrella platforms could be hit by AIFMD
This is going to pose a challenge for smaller hedge funds
07/04/2014
EU sets date for MiFID II as transparency debate intensifies
Regulator the European Securities and Markets Authority has already tasked TABB Group and two other consultant firms with gather data and views from banks, asset managers, exchanges and other market participants about the impact of MiFID II. One of the co
07/04/2014
Debevoise hires Patrick Taylor in London
Debevoise & Plimpton LLP is a leading international law firm, representing a wide range of clients in transactions and disputes around the world. Founded in 1931, the firm has offices in New York, Washington, D.C., London, Paris, Frankfurt, Moscow, Ho
07/04/2014
Scandal-ridden bank and Cambridge University set up compliance school
Scandal-ridden bank to provide new training to address bad "track record"
07/03/2014
After BNP Paribas, US may hit other banks for sanctions-busting
The blow raised speculation that some of its rivals in Europe would be punished, but less severely.
07/03/2014
Bond Dickinson makes up four in all-female promotions round
We are delighted to announce the appointment of four new Partners effective from 1 July.
07/03/2014
Trio of City boutiques team up with Buzzacott to launch professional advisory service
Boutique firms CM Murray, Hierons and Maurice Turnor Gardner have joined forces with chartered accountants Buzzacott to go to market as a one-stop-shop for professional practices.
07/03/2014
Foley Hoag bolsters Paris with White & Case hire
Addition bolsters firm’s international commercial arbitration practice
07/03/2014
Ex-Bank of Moscow Head Charged With Stealing $29 Million
Borodin and his alleged accomplices face up to 10 years in prison if convicted
07/03/2014
BlackRock fined for market manipulation over UniCredit stake
The regulator said on its website on Thursday that in December 2011 BlackRock Investment Management had made an untrue report about its stake in UniCredit, ahead of the launch of a rights issue by the Italian lender.