04/28/2014
FCA fines Invesco Perpetual £18.6m for fund management failings
Invesco Perpetual has been fined more than £18m for exposing investors to greater levels of risk than they had been led to expect.
Legal, Regulation & Compliance
04/28/2014
HSBC's European general counsel Ford to replace Nationwide's Kelly
He has extensive experience within retail, wealth management and commercial divisions, and previously headed the legal team at HSBC's UK retail banking arm.
04/28/2014
FSCS declares 16 adviser firms in default
Cheltenham-based Specialist Solutions Limited received a final notice
04/28/2014
Ex-Barclays New York Traders Charged in U.K. Libor Probe
Three former Barclays Plc derivatives traders in New York were charged by U.K. prosecutors with manipulating Libor, becoming the first U.S.-based bankers to be accused in the British probe.
04/25/2014
RBS to Drop Bonus Plan After British Agency Balks
R.B.S. has sought to bring compensation levels
04/25/2014
Bulgaria’s central bank brings in caps on bankers’ bonuses
The EU decision on bankers’ bonuses has been deeply controversial
04/25/2014
Institutional platforms seek FCA rebate rules work-around
Institutional platforms providing custody and dealing services for white label clients could be exempt from FCA platform rebates rules.
04/25/2014
A bold new law will reshape Europe’s capital markets
The consequences are likely to be as sweeping and unpredictable as those of its predecessor.
04/25/2014
Probe into AMT clients’ funds
AMT is one of the country’s largest independent investment firms, advising in the region of 280 clients with assets valued at between €28m and €30m under management.
04/24/2014
Goldman, JPMorgan seek dismissal of aluminium price-fixing lawsuits
The lawsuits said that the defendants conspired to delay the delivery of aluminium from certain warehouses
04/24/2014
Freshfields toasts hat-trick at FN Legal Awards
The company was recognised at a ceremony at One Mayfair in London, which celebrated the achievements of the best law firms, teams and individuals supporting the financial markets in Europe.
04/23/2014
Leading UK law firm Expands Private Wealth Team
Her appointment reflects our ongoing investment in private wealth services
04/23/2014
Barclays Supports Tollers LLP With Banking Facilities of £3M
The money will be used to support Tollers’ investment in its people and infrastructure as it continues to strengthen its operations across the region.
04/22/2014
Stowe Family Law appoints new finance director
He has more than 14 years of financial experience.
04/22/2014
Vince Cable warns FTSE 100 firms on 'excessive' executive pay
Business Secretary warns that unless more is done to keep pay down, he might have to take “further action”
04/21/2014
Dublin investment firm’s bank accounts frozen by Central Bank
The Central Bank has frozen the bank accounts of Asset Management Trust, an independent Dublin investment firm, having carried out inquiries into client assets, investment issues and other matters, it has been confirmed.
04/21/2014
UCITS V Directive given the green light
The European Parliament voted to adopt the UCITS V Directive on 15 April 2014, settling any fears and uncertainties that political disagreement over the scope of the remuneration rules might scupper its approval.
04/20/2014
RBS pay demand fuels storm as investors rebel against Barclays
The row over top bankers’ incomes will reignite this week when taxpayer-owned Royal Bank of Scotland reveals it wants Government approval to award bonuses twice the size of salaries.
04/19/2014
City watchdog ready to tighten rules on buy-outs to protect minority shareholders
Regulators are preparing to clamp down on a rule that allows a controlling shareholder in a public company to ride roughshod over minority investors.
04/17/2014
AIFMD: The Dutch approach - Baker & McKenzie
The Netherlands offers a case study of how member states are transposing AIFM into national law.