10/27/2013
PwC Survey Reveals 100% of UK Asset Managers Think There is a Compliance Staff Shortage
A new PwC poll of major UK asset management firms reveals that 100% believe there is a lack of appropriately qualified compliance staff in the market.
Legal, Regulation & Compliance
10/27/2013
Rabobank faces £600m fine as Libor scandal resurfaces
The bank is thought to be facing fines of more than £600m from regulators on both sides of the Atlantic, who are continuing their investigations into alleged manipulation of the key interest rate.
10/24/2013
SJ Berwin Revamps Real Estate Leadership in Preparation for KWM merger
SJ Berwin has broadened the managerial lineup for its real estate group, as part of the firm’s efforts to line up its practice management structure with King & Wood Mallesons
10/23/2013
FCA: Concerns remain over investment and protection sales incentives
The Financial Conduct Authority says it remains concerned about the use of incentives in investment and protection sales and that issues which can lead to misselling,
10/23/2013
Bond Dickinson boosts private wealth team
The new recruits will join our nationally recognised team of expert advisers who make up one of the UK’s largest Private Wealth practices.
10/23/2013
City regulator unveils plans to regulate crowdfunding
The Financial Conduct Authority has proposed new rules for regulating the crowdfunding and peer-to-peer lending industry.
10/23/2013
Platforms question FCA guidance paper on share conversions
The FCA yesterday issued a guidance paper indicating that it approved bulk coversion.
10/22/2013
FCA naming and shaming: is it right?
Firms under FCA investigation would not be named until it had decided to take action.
10/21/2013
Advisers eye execution-only offerings despite FCA scrutiny
Half of advisers have thought about launching an execution-only proposition following the introduction of the Retail Distribution Review
10/20/2013
Fugitive banker Raoul Weil arrested in Italian luxury hotel
He was arrested at the hotel and he is now being held in prison
10/20/2013
France probes foreign tyrants' wealth
France is delving into what it calls the "bien mal aquis"
10/20/2013
FCA bans and fines two financial advisers
Two investment advisers have been fined a total of £885,000 and banned from financial services by the Financial Conduct Authority (FCA).
10/20/2013
Moody’s Analytics: EBA’s common reporting standards on non-performing exposures and forbearance are important step towards stronger EU banking union
Moody’s Analytics: EBA’s common reporting standards on non-performing exposures and forbearance are important step towards stronger EU banking union
10/20/2013
Linklaters relocates Stockholm PE head following Bagshaw and Youle exits
The pair are set to leave the magic circle firm at the end of December to join the London office of White & Case.
10/20/2013
Russian Court Rules Not to Reopen Posthumous Magnitsky Case
Magnitsky was found guilty of tax evasion this summer, almost four years after he died in pre-trial detention in Moscow.
10/19/2013
Deutsche Bank talking to 50 employees over Libor - paper
The staff are being allowed to bring lawyers or witnesses to the talks
10/18/2013
Funds in legal showdown over Anglo bonds trade
The BNP Paribas unit – its Financial Credits Trading Desk in London – sold distressed subordinated Anglo notes with a face value of $50m to Anchorage New York in December last year for $31.2m.
10/17/2013
Appointment Strengthens Geldards’ Private Client Team
Geldards is set to strengthen its nationally recognised Private Client team with the appointment of Claire Johnson as a Partner.
10/16/2013
Quinns Seek orders to Prevent Sale or Transfer of Assets to Nama
Family of bankrupt Seán Quinn claim liquidator not entitled to dispose of assets
10/16/2013
Linklaters star private equity duo quit for White & Case after management showdown
The friction between the two private equity partners and the firm’s banking practice has been an open secret for several years