05/21/2014
Lloyds sues RBS for £420m over 'misleading' rights issue
The bank has joined forces with the RBoS Shareholder Action Group.
Legal, Regulation & Compliance
05/21/2014
Revised conflicts of interest guidance published by The Charity Commission
The Charity Commission, the independent regulator of charities in England and Wales, has today published revised public guidance on conflicts of interest for charity trustees.
05/21/2014
EU watchdog to kick off biggest revamp of securities markets
The second round of a battle between banks and bourses kicks off this week when European Union regulators publish proposals for the biggest shake-up of the bloc's securities market in history to increase transparency and investor protection.
05/21/2014
Banned hedge fund manager arrested in Italy - prosecutors
Alberto Micalizzi, a former university professor and ex-hedge fund manager who was fined 3 million pounds in 2012 for concealing massive losses to investors, has been arrested in Italy, Milan prosecutors said on Wednesday.
05/20/2014
Ex-Rothschild Banker Says Hypo Was a ‘Fit’ for BayernLB
Seven former BayernLB executives are on trial over the purchase of Klagenfurt, Austria-based Hypo Alpe-Adria in 2007
05/20/2014
Britain's biggest banks to submit to annual progress reports in bid to restore public trust
Rebuilding confidence and trust in the banks is especially vital in the UK
05/20/2014
Ex-trader Jerome Kerviel turns himself in to French authorities
He was convicted of breach of trust, forgery and fraudulent data manipulation.
05/19/2014
Civil Penalty Shoot-Outs: Only Ever One Winner by Simon Harding, Appleby
Recent published decisions of the enforcement division of the UK Financial Conduct Authority (FCA) have provided for significant civil penalties against high profile financial institutions.
05/19/2014
Financial Sanctions Regimes by Claire Milne, Appleby
Due to the on-going conflicts in Syria and Ukraine, there has been much in the press recently about financial and economic sanctions
05/19/2014
The UK Takeover Code - Does It Apply To You? by Gillian Crennell, Appleby
Given the significance of these developments, it is worth reminding companies of the changes that took place.
05/19/2014
Deutsche Bank video warns traders not to be vulgar, indiscreet or brag
German bank runs out of patience with 'Wolf of Wall Street'-style behaviour
05/19/2014
Chicago-based law firm creates London asset management group with double hire
The firm has also promoted former Sidley Austin funds partner Barry Breen to head of London financial services.
05/19/2014
ase Update: Barlcays settles two LIBOR cases - Michael Clark, Clyde & Co
In an Update in December 2013, we discussed the status and implications of two cases concerning the alleged mis-selling of LIBOR-related derivatives products.
05/19/2014
Globalaw predicts the next 20 years
The rich are going to be heavily impacted by ongonig regulatory change
05/18/2014
Plans to de-risk ‘too-big-to-fail’ banks face hurdles in Europe, Asia
Global plans to prevent taxpayers from having to pay for big bank failures are at risk because banking supervisors in Europe and Asia do not fully support some of the proposals aimed at drawing a line under the 2007-2008 financial crisis.
05/16/2014
City broker fined £1.3m over Libor rigging
Interdealer brokers are expected to act as trusted intermediaries and are key conduits of market information
05/15/2014
Italy top court orders reassessment of Monte Paschi, Nomura deal
Italian prosecutors investigating the derivative contracts at Monte dei Paschi ordered in April 2013
05/15/2014
US prosecutors take harder line against European banks
The US Justice Department is seeking tough criminal penalties against European giants Credit Suisse and BNP Paribas as prosecutors aim to demonstrate that no institution is "too big to jail."
05/15/2014
Finally bringing bankers to book: David Green flexes muscles at helm of Serious Fraud Office
We should not be entirely surprised by Green’s willingness to question some of the biggest names in finance including former Barclays chief executives
05/15/2014
IMA's pounds and pence fee plans approved by regulator
Proposals that will see fund managers break down profits and losses in pounds