01/20/2014
Five priorities for the Vienna Initiative were agreed- EBRD
The Steering Committee of the Vienna 2 Initiative met on January 13, 2014 in Vienna to discuss the Initiative’s priorities for 2014.
Legal, Regulation & Compliance
01/20/2014
Mayfair law firm expands Private Client Department
She brings a wealth of experience to the Mayfair law firm, which is historically known for its private client and family work, and will be advising clients on inheritance tax planning and drafting wills as well as the administration of estates, and trusts
01/20/2014
Baker & McKenzie doubles down on cost-slashing overseas back office
Baker & McKenzie LLP is planning to build another back office to handle document processing and more complex support services,
01/20/2014
Financial Services Compensation Scheme – management expenses levy limit
You should read this CP if you are an authorised firm.
01/17/2014
Regulators warn on extravagant hospitality for financial advisers
It comes after regulations were introduced last year to ban commissions paid by fund providers to advisers.
01/16/2014
XXIV Old Buildings hires Withers Litigation Partner
International commercial and chancery set, XXIV Old Buildings is delighted to announce the appointment of Sue Medder as Chambers’ Director.
01/16/2014
Richards Kibbe & Orbe LLP strengthens London office with heavyweight lateral hire
She has joined RK&O from the prominent Central European law firm Schoenherr, where she was a banking and finance partner.
01/16/2014
European Parliament reaches agreement on MiFID 2
European Parliament and Council of Ministers reach informal agreement on rules to regulate financial markets and curb high-frequency trading.
01/16/2014
US watchdogs visit Citigroup's London headquarters amid forex probe
News of the stepping-up of the investigation came on the day Deutsche Bank suspended several currency traders in New York as part of an internal probe into the alleged scandal which is now being investigated by a host of global regulators.
01/16/2014
BDO warns FCA data collection set to soar
Regulatory consultancy BDO is warning the FCA is set to place a greater burden on regulated firms through increased data collection.
01/15/2014
Barclays Traders Said to Face U.K. Fraud Office Libor Interviews
Several former Barclays Plc traders suspected of involvement in Libor manipulation were ordered to report to U.K. fraud prosecutors for interviews.
01/15/2014
FCA arrests three in boiler room investigation
The FCA and City of London Police have arrested three individuals as part of an investigation into a boiler room scam.
01/15/2014
West End law firm boosts private client offering with new partner appointment
He was a partner in the Private Client department of Lee Bolton Monier-Williams
01/15/2014
Police raid the Czech Export Bank
Two state export firms targeted in dawn bust
01/14/2014
FCA admits independent, restricted definitions ‘not working’
Director says regulator will ‘redouble efforts’ in coming year, but chief exec says it will not change rules.
01/14/2014
HM Treasury update on AIFMD transitional arrangements - Withers
HM Treasury intends to make an amending statutory instrument to this effect in early 2014 but in the meantime, all transitional AIFMs are encouraged to make their applications for authorisation or registration as soon as possible.
01/14/2014
BofA’s Merrill Sued in U.K. on Saipem Shares in Italy Probe
Bank of America Corp.’s Merrill Lynch unit was sued by a Portuguese investment firm over a share sale that’s being probed by Italian regulators for potential market abuse.
01/14/2014
FCA rejects Apfa call for adviser compensation over fees
The regulator currently separates advisers into two fee blocks, A12 and A13, depending on whether or not they hold client money.
01/14/2014
ABN Amro fined for algo blunder
The orders were deleted by an algorithm used by a Hong Kong-based HFT client, Algorithmic Trading Group, with sponsored access through ABN Amro.
01/13/2014
RBS shareholder group to pursue legal action
Scotland on Sunday has learned that the RBS Rights Issue Action Group – which represents about 8,000 small shareholders – is preparing to issue proceedings well before June’s statutory deadline.