05/29/2014
UK watchdog wants an "innovation heaven" in financial products
Britain's markets regulator pledged on Thursday to offer a more sympathetic ear to financial firms wanting to develop new products that help customers save for their old age.
Legal, Regulation & Compliance
05/29/2014
BGC Sued by Broker Who Refused Water-Throwing Initiation Ritual
BGC Partners Inc. was sued by a former broker who said he was subjected to a campaign of abuse after refusing to take part in a “boorish” initiation ritual called “the run.”
05/29/2014
Ex-JP Morgan Cazenove banker loses appeal against market abuse ruling
The decision follows a year-long re-evaluation of the original 2012 verdict from by the Financial Services Authority, the then City regulator, which found that Hannam had sent two emails breaching insider trading rules.
05/28/2014
Three U.S.-based former Barclays traders appear in UK court
British and U.S. prosecutors have charged 16 individuals to date in connection with the investigation into alleged rigging of benchmarks
05/28/2014
Credit Agricole Said to Accuse EU of Bias in Euribor Case
The EU’s Euribor case became strained when three banks including Credit Agricole rejected an accord.
05/28/2014
FCA calls on insurance intermediaries to better manage conflicts of interest when dealing with small business clients
Research into the understanding of small business customers also demonstrated that few understood that there was a possibility for their insurance intermediary to be conflicted.
05/28/2014
Jailing bankers will not fix bad behaviour, says Mark Carney
Mark Carney, Governor of the Bank of England, says fundamental flaws in the industry can only be resolved by changing how markets operate
05/28/2014
Jersey finance industry statistics Q1 2014
The latest figures for all sectors of Jersey’s finance industry show resilience, with the funds industry growing in size.
05/27/2014
New recovery division launched by DSW
Dow Schofield Watts takes on top team to head business recovery unit
05/27/2014
NAMA sold 26 properties with ‘no evidence of open marketing’
The state’s bad bank is also unable to say how much it takes in rental income.
05/27/2014
IMF's Lagarde says bank reforms slowed by fierce industry pushback
The bad news is that progress is still too slow, and the finish line is still too far off
05/26/2014
How 'Fast Eddie' came skidding off the rails
Eddie Davenport’s court appearance this week marked the end to a life of fame, fortune – and audacious fraud
05/26/2014
Ex-Barclays chiefs face Serious Fraud Office probe over Qatari fundraising
Barclays’ fundraising meant it was able to escape a government bailout during the financial crisis.
05/25/2014
ECB considers options including negative interest rates
The European Central Bank has a range of options to consider at its June 5 policy meeting and negative interest rates are among them
05/23/2014
Belgium, EU near end to talks on Dexia, may avert new bailout -sources
Belgian officials could soon conclude talks with EU and euro zone financial regulators that might see France and Belgium avoid having to pour more public money into crippled bank Dexia if it fails an EU stress test on its balance sheet.
05/23/2014
International law firm hires leading trust litigator
He joins as a partner from Taylor Wessing, where he was head of the firm’s Contentious Trusts & Estates team.
05/23/2014
Eversheds advises Deutsche Asset & Wealth Management on West End acquisition finance deal
The Eversheds team was led by partner Daniyal Ansari, assisted by teams from Eversheds real estate and tax departments.
05/23/2014
Top 50 National law firm promotes 7 new partners
Top 50 National law firm has promoted 7 new partners to its partnership, including for the first time in its history a director from a different profession.
05/23/2014
international law firm strengthens financial services team with Eversheds hire
The move cements the firm's vision in not only strengthening its expertise in an already hugely respected financial services practice but also consolidating its expertise in this sector.
05/23/2014
Global law firm adds payments and financial services partner in London
He will join the firm from Hogan Lovells