12/11/2013
RBS agrees $100m US settlement over sanction breaches
The bank was deemed to have “lacked adequate risk management and legal review policies and procedures” when dealing with dollar payments conducted outside the US.
Legal, Regulation & Compliance
12/11/2013
Russian banker to be extradited from Austria
He is wanted by the Russian authorities after a Russian court sentenced him to five years in jail in June 2011 for fraud.
12/10/2013
FCA to crackdown on asset management charging structures
Mr Wheatley explained the charging structures relating to investment management have sparked concerns for the regulator, which has noted a distinct lack of transparency and accountability.
12/09/2013
SandP faces European derivatives case in the Netherlands
Sixteen European institutional investors are suing rating agency Standard and Poor's, and the Royal Bank of Scotland, for $250 million over losses on so-called toxic financial products during the 2007-08 financial crisis
12/09/2013
Treatment of sovereign risk in the Basel capital framework
It is sometimes asserted that the Basel capital framework prescribes a zero risk weight for bank exposures to sovereigns.
12/09/2013
Bob Diamond in court for Libor-rigging claim
The former chief executive of Barclays is set to appear as a witness in an “exceptional” case that could open the floodgates to thousands of businesses claiming that Libor-rigging by Barclays caused them financial losses.
12/09/2013
Fund managers seek reform of outsourced services
The group also set out a series of steps for managing exits from contracts with providers in order to promote efficient transitions.
12/09/2013
Probe Into Arrested Hedge Fund Managers Ends
Three hedge fund managers arrested by British authorities in February will not face criminal charges
12/09/2013
Regulators still struggling to balance protection with growth, according to financial service firms
Overall, 49% thought that no regulator had succeeded in this respect, with a majority of respondents in the US and the UK holding this view.
12/09/2013
German bank IKB says surprised to get regulators' call
Regulators have surprised German bank IKB, one of the highest-profile casualties of the financial crisis
12/09/2013
Osborne Clarke sets up shop in Amsterdam
No head has been decided as yet but the firm is looking at hiring in Amsterdam and will model the office on its recent international openings.
12/09/2013
Pinsents Continues Paris Growth with Technology Bolt-on
Pinsent Masons is expanding its French presence with the acquisition of six-lawyer boutique Ichay & Mullenex Avocats.
12/09/2013
G & E Wealth Management targeted by scammers
York-based firm G & E Wealth Management is the latest to have been targeted by scammers impersonating the company's advisers, the Financial Conduct Authority has warned.
12/08/2013
More libor woes ahead for Barclays
The case is an unwelcome reminder of alleged Libor manipulation for the bank.
12/05/2013
Apfa sounds alarm over access to advice
NMG Consulting surveyed 250 advisers and found that 47% had turned clients away this year because the cost of their services were too high for those clients' needs.
12/04/2013
The FCA's focus on integrity and in particular investment managers - Withers
On 14 November 2013 the FCA’s chief executive gave a speech which focused on conduct and ethics within firms, which he said poses significant challenges for investment managers in particular.
12/04/2013
Manx Court Rules on Bank Confidentiality
Some 140 bank customers could be affected by a Manx high court ruling on tax disclosure with the Irish Revenue.
12/03/2013
Asset management compliance has just 30% physical presence
Just under a third of compliance functions in surveyed UK asset management firms have staff who sit with the rest of the business,
12/03/2013
EU fines banks over rate-rigging
The cartels operated in markets for financial derivatives, which are products used to manage the risk of interest rate movements.
12/02/2013
FCA warns investors against unauthorised firm
Almost all firms and individuals offering, promoting or selling financial services or products in the UK have to be authorised by the FCA.