01/06/2014
Regulatory predictions for 2014
Last year we offered our 13 regulatory reform predictions for 2013 and correctly predicted a year of intense rulemaking.
Legal, Regulation & Compliance
01/06/2014
Watchdog slams Deutsche Bank for Libor probe response - report
BaFin launched a probe last year on which it is working with the Bundesbank and accountant Ernst & Young ERNY.UL, delving into suspected misconduct by individual traders and their counterparts at other banks.
01/06/2014
US: EU members must share risks, costs in banking union
EU leaders and the European Parliament are at odds over how to wind down troubled banks. Bank resolution procedures are one pillar of the planned eurozone banking union.
01/06/2014
Co-op Bank execs face BoE investigation
The launch of the investigation follows a two-month-long joint inquiry by the PRA and the FCA into the circumstances that led to the Co-op Bank’s troubles that will see the lender’s parent, the Co-op Group, give up control of the business to i
01/03/2014
RBS Settles $1.2 Million Bonus Fight With Former Risk Chief
Royal Bank of Scotland Group Plc settled lawsuits with Gary Cottle, the former head of risk at its investment banking division, over a 700,000-pound bonus.
01/01/2014
KPMG Settles Netherlands Charges Dating to 2000
Ballast Nedam is a construction contractor accused of paying hundreds of millions in bribes to win large project contracts in Saudi Arabia
12/31/2013
Bank of England chief who became embroiled in the Libor interest rate scandal is handed an honour
He quit this year after missing out on the Bank's top job
12/31/2013
Capital requirements for banks will be lowered temporarily in Estonia in the new year
Eesti Pank will assess the need for additional capital requirements as part of the twice-yearly Financial Stability Review produced by the central bank.
12/30/2013
McClure Naismith appoints new director of private client services
She will be responsible for managing and promoting more widely McClure Naismith’s portfolio of specialist Private Client services and expertise.
12/30/2013
FCA warns on boiler room graphene investments
We are receiving many reports from people who have been offered investments in graphene, which is a type of carbon that may one day be used in display screens, electrical circuits and batteries.
12/30/2013
DFSA Signs Agreements With Italian Regulators
CONSOB is the public authority responsible for regulating the Italian securities market and protecting the investing public. It also conducts investigations with respect to potential infringements of insider dealing and market manipulation law.
12/30/2013
Spain arrests eight over global bank cyber heists
The arrests are one of the biggest breakthroughs yet outside the United States in connection with a series of global bank heists, coordinated across numerous countries by cells which withdrew millions of dollars in a matter of hours.
12/29/2013
French 'millionaire's tax' gets go-ahead from Constitutional Council
The measure, introduced in line with a pledge by President Francois Hollande to make the rich do more to pull France out of crisis, has infuriated business leaders and soccer clubs, which at one point threatened to go on strike.
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
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.