04/01/2014
The Bank of England signed an agreement with the People’s Bank of China to enable the clearing and settlement of yuan transactions in London as the U.K. vies to become a hub for trading the currency in Europe.
04/01/2014
Deutsche Bank AG, the world's largest currency trader, has placed on leave a director of institutional foreign exchange sales as part of an internal investigation into potential exchange rate manipulation
04/01/2014
The evolution of bank practices, the introduction of new standards and regulations over the last 10 years and the recent financial crisis warranted a thorough revision of the Committee's supervisory guidance on banks' external audits.
04/01/2014
The EU's European Banking Authority and the bloc's European Commission are checking if such allowance breach the EU bonus rules.
04/01/2014
Investment trusts can have their advantages – but be wary
04/01/2014
The last few months have been a flurry of activity for Cordium. In December 2013 it acquired Sigma Partnership, a London-based compliance and accounting firm.
03/31/2014
Italian police have arrested two men who were allegedly trying to deposit trillions of euros in fake bonds in the Vatican bank.
03/31/2014
Leading private client firm to appeal £1.6m negligence finding as former client also appeals point of judgment
Leading private client firm has confirmed it will appeal a recent High Court decision
03/31/2014
International law firm enters Formal Law Alliance with Singapore's Virtus Law
The firm also launched in Beijing around the same time, marking its fourth office in Greater China.
03/31/2014
Italy's banks will not require any state funds as a result of the European Central Bank's stress tests this year on euro zone banks
03/31/2014
Libya Fund Accuses French bank of Fraud
French bank paid a middleman $58 million in alleged bribes to secure almost $2 billion in business from Libya's main sovereign-wealth fund during the final years of dictator Moammar Gadhafi's rule
03/31/2014
The Financial Conduct Authority is to investigate the use of in-house funds by wealth management firms and private banks.
03/31/2014
Swiss probe banks over foreign exchange market
RBS, Barclays, UBS, Credit Suisse, Zuercher Kantonal Bank, Julius Baer, JP Morgan and Citigroup are being probed by Swiss competition commission, Weko.
03/31/2014
The Financial Conduct Authority is to scrutinise the pay and clawback measures for all regulated companies including the 2,100 FCA-supervised fund houses.
03/31/2014
The Financial Conduct Authority has said it will hire external lawyers to aid it in investigating its handling of events Friday, when the FTSE 350 life insurance index fell by as much as 7.1% amid press reports of a probe by the regulator into 30 million
03/31/2014
The Wealth Management Association has condemned the Financial Conduct Authority business plan, claiming the regulator is overlooking FSCS problems in its annual review.
03/31/2014
The Financial Conduct Authority has revealed it is increasing its head count to meet the demands of investigating banks and insurers, as well as extending supervision to the margins of the consumer credit industry.
03/31/2014
Allen & Overy’s Moscow team has advised two syndicates of lenders on new loan facilities for Sberbank Europe AG and Credit Bank of Moscow
03/28/2014
While there is understandable concern in Government about assuring DC scheme quality, a charge cap is not the best way to achieve good outcomes and this was a key finding of the 2013 Office of Fair Trading market study.
03/28/2014
Baker & McKenzie has expanded its London based regulatory team with the hire of partner Steven Francis from Reynolds Porter Chamberlain.