09/04/2013
FCA figures suggest true cost of rate hedge mis-selling
The Financial Conduct Authority has published its first update on banks’ reviews of sales of Interest Rate Hedging Products.
Legal, Regulation & Compliance
09/04/2013
Shoosmiths promotes 18 to role of associate
The promotions took effect on 1 September
09/03/2013
RBS faces legal action by pensions giant for hundred of millions
At least one other major UK investor is understood to be backing the Quinn Emanuel case.
09/03/2013
Law firms that want growth should look to private-client work
Law firms focusing on private clients were among the UK’s best performing
09/03/2013
Mayfair-Firm Makes First Lateral hire in two years
The opportunistic hire of Breedy would help the firm would help boost links between private client and the corporate group.
09/03/2013
UPDATE 2-UK Banks "slow" To Pay Out On Swaps Mis-Selling Claims
The Bill Is The Latest Faced By Banks, which are also compensating customers for mis-sold payment protection insurance (PPI).
09/03/2013
Osborne Clarke beefs up offices in Paris and Brussels
Osborne Clarke has continued its European expansion with two partner hires in its newly formed Paris and Brussels offices.
09/03/2013
NY regulator probes European banks over Turkish family
It was the latest move by New York banking Superintendent Benjamin Lawsky to clamp down on questionable practices by foreign banks in New York.
09/03/2013
About 35,000 Global Bank Employees May Face EU’s Bonus Curbs
The workers facing the EU rules, which would cap bonuses at twice annual pay, include 23,450 bankers in the U.K.
09/02/2013
Linklaters Portugal senior partner departs to join Vieira de Almeida
He was managing partner of Linklaters' Lisbon base from 2002 to 2006 before subsequently taking over as office senior partner, while he also spent three years on the firm's international board from 2009 to 2012.
09/02/2013
FCA slaps Aberdeen over £685m client money failings
Aberdeen fully cooperated with the FCA’s investigation and agreed to settle at an early stage, qualifying for a 30% discount to their fine. Without the discount the fine would have been £10,275,000.
09/02/2013
International law firm bulks up in Paris with tax hire
The International law firm is set to launch a French Tax practice after appointing Eugénie Berthet in Paris.
09/02/2013
LVMH Won't Appeal Fine Related to Hermès
In July, the AMF fined LVMH 8 million euros (6.76 million pounds) for failing to properly disclose its stake-building in rival Hermes (HRMS.PA) before 2010.
09/01/2013
Speechly Bircham opens new office in Geneva
Home to a third of the world's privately held wealth and a quarter of the world's private banking, Switzerland is a key market for Speechly Bircham where it advises on the complex cross-border wealth management needs of its clients and their adv
09/01/2013
RBS refuses to comment on whistleblower claims
RBS is alleged to have been valuing securities on its books at around 90 per cent of their face value.
09/01/2013
Linklaters further Strengthens Financial Regulatory Practice
He will work alongside Martyn Hopper, with whom he worked closely at Herbert Smith Freehills and who joined Linklaters in May this year in the firm’s London Financial Regulatory Group.
08/31/2013
Malta one of just 12 EU states that comply with hedge fund rules – KPMG
Countries that have failed to add the AIFMD to their own laws are now breaking European law
08/30/2013
Merkel to press for tighter curbs on hedge funds at G20 summit
The German chancellor used her weekly televised message yesterday to say that it was time to push for faster progress.
08/28/2013
CMB signs MoUs with Securities Regulators of 13 EU Member States and 3 EEA Countries
International cooperation and supervision of cross border transactions are among the indispensible elements of today's financial markets.
08/27/2013
World's top banks on track to meet tougher capital rules
The rules, known as Basel III, are the main global response to undercapitalized banks