04/07/2014
UK financial watchdog says 73 pct of advisers fail to come clean on costs
Too many advisory firms are not being clear with consumers on how much advice costs, the type of service they offer and what on-going services they provide.
Legal, Regulation & Compliance
04/07/2014
Macfarlanes Announces Nine New Partners and Four Senior Counsel
The nine new partners work across a total of seven different areas of the practice: M&A, Derivatives & Trading, Funds, Litigation, Private Client, Tax, Financial Services and Regulation.
04/07/2014
The Next Phase of EMIR is Coming Soon - Are You Ready? By: Diven Chatrath
The EMIR reporting start date of 12th February 2014 has now passed
04/07/2014
Bank CEO shot dead in the underground garage
He is a fund manager who has been embroiled in a dispute with the Liechtenstein government and Bank Frick for many years, Switzerland’s Radio 1 said
04/07/2014
Europe’s top two central banks seek to revive ‘toxic’ assets
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04/07/2014
Banks Urge Basel U-Turn on Global Asset-Backed Debt Rules
Banks from Deutsche Bank AG to Barclays Plc attacked proposals to overhaul global capital rules for asset-backed debt, saying they risk choking securitization while clashing with efforts to boost lending to businesses.
04/07/2014
Barclays Settles U.K. Libor Case Weeks Before Trial to Start
Barclays agreed to restructure the debt of Graiseley Properties Ltd., which filed the lawsuit, as part of the settlement.
04/04/2014
Lloyds to seek bonus awards for top 400 staff: Sky News
The news service said that the taxpayer-backed lender will say ahead of its annual general meeting that it wants flexibility in paying employees up to 200 percent of their salaries in bonus awards.
04/03/2014
SFO to charge three ex-Icap brokers over Libor rigging
Icap Europe was fined £54.5m by the FCA
04/03/2014
North West law firm recruits leading private client lawyer
She joins Harrison Drury from Cartmell Shepherd, has almost 20 years of experience of private client matters, providing specialist advice for high-net-worth individuals.
04/03/2014
FCA could face legal action over closed-book probe confusion
The FCA then announced an investigation into its handling of the issue
04/03/2014
FCA bans and fines broker £70k
Astbury Wren received £10.7 million of client premiums
04/03/2014
FCA was consulted over our pension plans: Osborne
The FCA was “aware in advance” of the Chancellor’s Budget plans to liberalise pensions.
04/02/2014
Raiffeisen fights regulatory capital target -paper
A Raiffeisen spokeswoman confirmed the existence of an assessment
04/02/2014
FCA to probe wealth managers' use of in-house funds
The business plan has also committed to examining the requirement for a 15-year long-stop on financial advice.
04/02/2014
Two Britons Charged in Deutsche Bank-Related CO2 Tax Probe
Prosecutors are investigating about 25 people at the Frankfurt-based company in the case
04/02/2014
FCA faces threat of action over disclosure
Big institutional investors are taking legal advice about pursuing the City’s financial regulator after its botched disclosure of a market sensitive probe sparked a sell off of insurers’ shares.
04/01/2014
Bank of England Signs Yuan Clearing Agreement With China’s PBOC
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 puts FX sales director in London on leave
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
Guidance on external audits of banks issued by the Basel Committee
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.