03/13/2014
EU regulator defends extraterritorial laws
The chairman of the European Securities and Markets Authority, Steven Maijoor, outlines to AsianInvestor his views on the effect of rules such as AIFMD on non-EU jurisdictions.
Legal, Regulation & Compliance
03/13/2014
Brewin Dolphin sues Charles Stanley over staff poaching claims
Brewin Dolphin is suing Charles Stanley and former members of staff for conspiring to poach a total of 18 employees to set up a base in Leicester.
03/13/2014
An arrest in FCA boiler room investigation
Boiler room operations usually use high-pressure selling techniques to persuade consumers to buy shares that are often worth very little or nothing at all.
03/13/2014
Clone firm scammers target BlackRock
The Financial Conduct Authority is warning investors of a clone firm calling itself BlackRock Fund Managers.
03/13/2014
Investment consultancy Citisoft launches Know-Your-Outsourcer toolkit
Citisoft, a leading global investment management consulting firm, has launched a 40-day service to help asset managers fast-track their response to the FCA and other regulators’ growing concerns about outsourcing oversight.
03/12/2014
Global law firm appoints leading City pensions partner
He joins the firm from Ashurst
03/12/2014
FCA says general insurance add-on industry must make changes
The Financial Conduct Authority is proposing a shake-up of the £1bn general insurance add-on markets including banning pre-ticked boxes, forcing firms to publish claims ratios and breaking the point of sale advantage for guaranteed asset protection
03/12/2014
F-1 Backlash Means Biggest Wealth Fund Faces New Oversight
Norway’s largest political party wants to look into revamping oversight of the nation’s $850 billion sovereign wealth fund amid questions around its handling of an investment in Formula One.
03/12/2014
EU Parliament Adopts Omnibus II, Finalizes Solvency II
The introduction of the Solvency II regulatory regime inches closer after the European Parliament voted on Tuesday to adopt Omnibus II, a directive that completes and finalizes the common prudential framework for insurance regulation and supervision in th
03/11/2014
EU lawmakers to press Barnier on scope of bonus cap rule
European Union rules to cap bankers' bonuses were in doubt on Monday after the bloc's lawmakers agreed to consider a revamp to stop Britain's banks softening their impact.
03/11/2014
Basel Targeted on Global Scale as Asian Banks Follow Denmark
Europe’s biggest covered bond issuers are turning to Asia to rally support in what they say will become a global challenge to the Basel Committee on Banking Supervision.
03/10/2014
Societe Generale, BNP Paribas and Credit Agricole under US Probe for Alleged Sanction Breaches
US authorities are probing French banks Societe Generale, BNP Paribas and Credit Agricole for alleged misappropriation and violating American sanctions against other countries.
03/10/2014
Norwegian F1 investment under scrutiny
Norges Bank Investment Management's stake in F1 is being questioned by ministers after the sport scrapped its IPO bid.
03/10/2014
Bank of England to launch inquiry over forex fixing claims
The Bank of England is to launch an independent inquiry into allegations it allowed manipulation of the foreign exchange market.
03/10/2014
Bath law firm is to merge with a regional counterpart
The two companies will operate under a new name to be announced in June when the merger takes place.
03/10/2014
Dentons unveils restructure in wake of Salans and Fraser Milner Casgrain merger
Dentons has unveiled a mass restructure for its UKMEA LLP following its 2013 tripartite merger, bringing its list of practice and sector groups under five new divisional heads.
03/10/2014
New rules force banks to change auditors in UK
Barclays is changing its auditor of the past 120 years and Lloyds and Royal Bank of Scotland could follow suit as Britain’s bank auditing landscape gets shaken up by new rules.
03/10/2014
BLP reshapes finance team with new divisional heads
Berwin Leighton Paisner has named two new department heads within its finance team following a string of exits from the firm.
03/10/2014
English High Court Places Manx Company into Administration
It became what is believed to be the first Isle of Man incorporated company, with its Centre of Main Interest in the Isle of Man, to be placed into administration in England.
03/10/2014
EU seeks deal on bank restructuring body
European finance ministers tried Monday to agree on how to set up a joint authority that can restructure or shut down failing banks.