03/17/2014
FCA doubles 'boiler room' raids
City regulator cracks down on fraudsters selling worthless or non-existent shares.
Legal, Regulation & Compliance
03/17/2014
SocGen Ex-Trader Kerviel Walks to Forget Loss as Judgment Looms
Jerome Kerviel’s quixotic quest for redemption has won him at least one convert.
03/17/2014
Portuguese firm sets up Swiss presence to target HNWI work
Cunha Barnabé said Switzerland is popular among Portuguese high-net worth individuals (HNWI) as a location for their assets.
03/17/2014
Accused hedge fund fraudster Must Face Trial, Judge Rules
He is accused of defrauding investors of US$600 million, argued that the SFO improperly reopened its case against him.
03/14/2014
UBS Traders Found to Have Tried Rigging Hong Kong Rate
While the requests had a “negligible impact” on fixings and no fines will be imposed, the regulator asked UBS to take disciplinary action against the employees responsible.
03/14/2014
Rogue bankers and their bosses face six years bonus clawbacks
Rogue bankers and their bosses will have to hand back bonuses up to six years after they have been paid, under tough new Bank of England proposals designed to curb City excesses.
03/13/2014
Global specialist law firm expands Financial Services Group
He has been particularly involved in advising upon the impact of the AIFMD. He is ranked as a leading lawyer for investment funds by both Chambers Global and The Legal 500.
03/13/2014
Banks and capital requirements: channels of adjustment
Bank capital ratios have increased steadily since the financial crisis.
03/13/2014
Bermuda signs MOU with German financial regulator - Appleby
With that signing, Bermuda has signed MOUs with 27 European member states
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.
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.