04/03/2014
SFO to charge three ex-Icap brokers over Libor rigging
Icap Europe was fined £54.5m by the FCA
Legal, Regulation & Compliance
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.
04/01/2014
BoE's Bailey says allowances to bankers "least worst alternative"
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
Cofunds blames 'scale of regulatory change' as profits fall to £4.2m
Investment trusts can have their advantages – but be wary
04/01/2014
Cordium – Best European Regulatory Advisory Firm
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
Men held over Vatican Bank 'three trillion euro bond fraud'
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
Italian banks won't need aid after stress tests: association
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