12/28/2013
SFO plans fightback in 2014
The reality is that every case the SFO does is make or break. 2014 will be about putting the past behind us
Legal, Regulation & Compliance
12/26/2013
The FCA racks up a record total of £472m in fines in its first year
The total in the first year of the Financial Conduct Authority represents a 51 per cent increase on the £311.6m imposed in 2012, the last full year of the Financial Services Authority, which was itself a record.
12/25/2013
Russia accuses USA of violating bank secrecy
The U.S. authorities have violated several provisions of the Vienna Convention
12/24/2013
Booz & Company Approves Combination with PwC
Booz & Company's global partners have voted overwhelmingly to approve a combination with PwC.
12/24/2013
Walker Morris advises UK Wealth Management on acquisition
The acquisition, which is subject to approval by the FCA, will add £1.3bn in assets to the AIM-listed group.
12/24/2013
Hogan Lovells Appoints new Global Co-Head of Private Equity
He will take the reins from Alan Greenough, who is retiring
12/24/2013
New Year, New EU Capital Requirements Regulation, Warns Hogan Lovells
The CRR takes effect as a directly effective piece of EU legislation, whereas the rules that it replaces were rules made by local regulators (which in the UK was the PRA) based on EU directives.
12/23/2013
FCA: 43% more reports of suspicious trades in wake of Libor-rigging scandal
Financial Conduct Authority received 117 self-reported cases of possible distortion and manipulation in a 12-month period
12/20/2013
Deutsche Bank to Pay $6.5M in FINRA Civil Charges
A unit of Deutsche Bank AG will pay $6.5 million to settle civil charges stemming from "serious and operational deficiencies" uncovered by regulators in its enhanced lending program
12/20/2013
New NAMA revelations from US courts
THREE more businessmen have come forward with serious allegations about the leaking of information at NAMA, as controversy surrounding the bad bank deepens.
12/19/2013
Firm fined £1.8million for "unacceptable" approach to bribery & corruption risks from overseas payments
The Financial Conduct Authority has fined JLT Specialty Limited over £1.8million for failing to have in place appropriate checks and controls to guard against the risk of bribery or corruption when making payments to overseas third parties.
12/19/2013
FCA wins legal battle over £8m fine for trading platform
The Financial Conduct Authority has won a legal battle against a Canadian trading platform to enforce a £8 million fine for trading abuse.
12/19/2013
VTB Capital to organize Ukrainian eurobonds issue in Russia's favor - Putin
VTB Capital will organize an issue of eurobonds by Ukraine, which will be placed on the Irish Stock Exchange in favor of the Russian Federation, Russian President Vladimir Putin
12/19/2013
Herbert Smith Freehills confirms appointment of new CEOs
Herbert Smith Freehills confirmed today the appointments of Sonya Leydecker and Mark Rigotti as joint chief executive officers.
12/19/2013
Brussels chief Michel Barnier bans banker meetings
Michel Barnier, the European Commissioner for internal markets and services, has banned his department's staff from holding any meetings with bankers
12/18/2013
Austrian prosecutors raid Raiffeisen CEO Sevelda's office
The spokesman for the prosecutors' office said four people including Sevelda were targets of the investigation, which was first reported by Austria's Kronen Zeitung newspaper online earlier on Tuesday.
12/18/2013
Linklaters tumbles from top 10 as public M&A market stalls in 2013
The figures, which are compiled by Thomson Reuters, encompass all deals launched between 1 January and 16 December 2013 that involved a UK party.
12/18/2013
Number of firms regulated by FCA set to rise in new year
The Financial Conduct Authority is set to see the number of firms it regulates double in 2014.
12/17/2013
Modernising risk in the modern bank By Graeme Wood, Specialist in Operational Risk and Process, Rule Financial
The good news is that firms who do invest in mitigating potential future problems will dramatically reduce the likelihood of their involvement in the next Investment Banking scandal.
12/17/2013
Ex-UBS Trader Hayes Pleads Not Guilty in First Libor Prosecution
Tom Hayes, the former UBS AG and Citigroup Inc. trader, pleaded not guilty to conspiring to manipulate Libor in the first prosecution stemming from a global investigation into rate rigging. Two former RP Martin Holdings Ltd. brokers, Terry Farr and James