07/17/2014
EU Seeks Details on Banker Pay as It Readies Fresh Rules
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).
Legal, Regulation & Compliance
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
Andreas Dombret: Financial regulation as a global challenge
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
ECB To Allow 2 Weeks For Banks To Submit Capital Plans
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
Regulators close to fining Lloyds over Libor ‘rigging’
We are co-operating with those investigations
07/16/2014
Ex-Investec Traders Sue Bank Over $11.6 Million in Bonuses
Evidence will show the bank’s system for calculating bonuses wasn’t fluid, it was “clear and fixed”
07/16/2014
Bank of England condemns UK banks' mis-selling of rate swaps
The Bank of England said on Tuesday that British banks had a "dreadful record" on mis-selling complex interest rate hedging products to small businesses and warned that it would keep a close eye on them.
07/16/2014
Handful of non-EU banks to make European stress tests debut
A handful of global banks are bracing themselves for their first results from Europe's bank stress-testing regime, which will tell them in October whether they have enough capital to withstand future crises.
07/15/2014
Carmignac slams MiFID over 'jeopardising' commission scrap
“Smaller investors could end up paying the price for the spread of a new model where the distribution of funds open to various management companies will be compensated only through fees,” he said in a letter to Steven Maijoor.
07/15/2014
European Long Term Investment Funds - Assessment of EU proposals
The proposals are designed to provide a framework for retail investment in illiquid asset classes such as infrastructure projects and unlisted companies.
07/15/2014
Bulgaria plans to join EU 'banking union'
Bulgaria, which joined the EU in 2007, still remains outside the eurozone
07/15/2014
Retired banker to the Queen jailed over £10million money investment scam
The fraud was operated by Noad's son Matthew, 27, and fellow fraudster Clive Griston, 52, who targeted pensioners in a cold-calling scam.
07/14/2014
U.S. Department of Justice offers junior UK traders immunity in forex probe
The deals allow individuals to give authorities information about crimes
07/14/2014
Tullett Prebon wins $33m in damages from rival BGC
US regulator rules in favour of London-listed inter-dealer broker run by Terry Smith
07/14/2014
Ex-Regulators Launch Fund Compliance Service
Co-founder Aron Brown will also act as a managing director. He has 15 years' experience in compliance and regulation, predominately at the regulator...
07/14/2014
French corporate boutique BDGS picks up Linklaters M&A team
The hires bring the number of partners at BDGS to eight, all with a background at French stalwart Gide Loyrette Nouel.
07/13/2014
EBA proposes potential regulatory regime for virtual currencies
But also advises that financial institutions should not buy, hold or sell them whilst no such regime is in place
07/13/2014
Bruised and grumbling, foreign banks bend to U.S. rules
Financiers may grumble that the United States is acting like an imperial power in punishing foreign banks for dealings far beyond U.S. territory, but in the end they are more likely to bow to Washington than kick against its dollar muscle.
07/11/2014
Eversheds Wins Healthinvestor Award
The strength of our offering in this sector is such that it regularly sees us at the forefront of advising on some of the sector’s most notable matters every year
07/11/2014
FCA steps up focus on fair use of client dealing commission
The FCA will work closely with industry and other regulators to ensure that the new European rules deliver the best outcome for investors.