08/13/2014
ESMA Publishes Guidelines on Reporting Obligations Under the AIFMD
The Guidelines clarify the specific information that AIFMs must report to applicable NCAs
Legal, Regulation & Compliance
08/12/2014
Cyprus: FBME Cards lays off staff
The company was formed in 2002 to compete in the Cyprus and European markets
08/12/2014
FCA has underestimated Sipp exits from cap ad, says Dentons
Dentons sales and marketing director David Fox said the regulator had underestimated the number of firms which would sell or close.
08/12/2014
German prosecutors seek charges against Deutsche Bank co-CEO in Kirch case-sources
The decision to pursue charges, while widely expected, is a serious blow to Fitschen and Germany's largest bank, which faces an array of legal problems, including investigations into possible manipulation of benchmark interest rates and foreign excha
08/11/2014
ECB struggling to process banks' stress-test data
ECB now wants banks to resubmit the data in a template format
08/11/2014
Hedge funds may sue Portugal bank regulator
Among the largest investors who incurred losses in the bonds are EJF Capital
08/11/2014
Scottish law firm joins forces with private client specialist
At the moment it provides a range of specialist services including wills and succession, asset protection, wealth management and personal taxation.
08/11/2014
There is no Dutch hostility, says ING fund CIO
Dismisses idea that domestic regulatory initiatives designed to weed out bad habits have fostered an environment of unease
08/11/2014
HSF continues German growth
Herbert Smith Freehills announced today that it has recruited Dirk Hamann as a partner in Berlin.
08/11/2014
The Regulation of virtual currencies - A positive step undertaken by the EBA
The opinion represents the fruits of the EBA’s consultations with other European authorities
08/10/2014
Defeated bankers lose £6m bonus
Two ex-heads of Investec bank have lost multimillion pound bonuses they were allegedly promised.
08/10/2014
Tycoons sue fraudster over £1.5m gold scam
Two prominent businessmen are among a group of investors swindled out of £1.5 million by a convicted fraudster in a get-rich-quick bullion scam, it is claimed.
08/10/2014
The claws are out on bankers’ bonuses
UK regulators have put forward what they say are the world’s toughest rules on bankers’ pay.
08/10/2014
EU executive wants to beef up bloc's financial watchdogs
The European Union's trio of new financial watchdogs should have more powers over banks, insurers and markets to ensure national regulators apply EU rules
08/08/2014
Prosecutor set to decide on indictments in Deutsche Bank probe
Prosecutors are investigating whether co-Chief Executive Juergen Fitschen, his predecessors Josef Ackermann and Rolf Breuer, and others gave misleading evidence in the civil suit brought by heirs of late media magnate Leo Kirch, which ended in February af
08/08/2014
‘Shameless’ HSBC shuts Syrian refugees’ bank accounts in Britain
The letters claimed that the decision to terminate their accounts was based on the bank’s “own assessment of risk” and did not reflect the manner in which they conducted their business.
08/08/2014
FCA fines Stonebridge insurance firm 8.3 million pounds
The Financial Conduct Authority (FCA) has fined Stonebridge International Insurance Limited (Stonebridge) £8,373,600 in relation to sales of accident insurance products.
08/08/2014
European Commission Mulls Future of Insurance Industry Antitrust Exemption by Sidley Austin
Non-renewal of the Block Exemption Regulation – which seems a real possibility – would remove the safe harbor and force insurers and reinsurers to conduct individualized assessments of the types of cooperation at issue.
08/08/2014
Bank Capital Race Not Enough for Basel as Nordics Break Away
Capital isn’t the answer to everything
08/07/2014
Eversheds comment: UK PAC report concludes whistleblowers are not receiving adequate protection
The Report concludes that, in very many cases, employees do not know to whom they should report wrongdoing or malpractice in the workplace or, if they do so, that they are likely to face bullying and victimisation.