10/23/2013
Platforms question FCA guidance paper on share conversions
The FCA yesterday issued a guidance paper indicating that it approved bulk coversion.
Legal, Regulation & Compliance
10/22/2013
FCA naming and shaming: is it right?
Firms under FCA investigation would not be named until it had decided to take action.
10/21/2013
Advisers eye execution-only offerings despite FCA scrutiny
Half of advisers have thought about launching an execution-only proposition following the introduction of the Retail Distribution Review
10/20/2013
Fugitive banker Raoul Weil arrested in Italian luxury hotel
He was arrested at the hotel and he is now being held in prison
10/20/2013
France probes foreign tyrants' wealth
France is delving into what it calls the "bien mal aquis"
10/20/2013
FCA bans and fines two financial advisers
Two investment advisers have been fined a total of £885,000 and banned from financial services by the Financial Conduct Authority (FCA).
10/20/2013
Moody’s Analytics: EBA’s common reporting standards on non-performing exposures and forbearance are important step towards stronger EU banking union
Moody’s Analytics: EBA’s common reporting standards on non-performing exposures and forbearance are important step towards stronger EU banking union
10/20/2013
Linklaters relocates Stockholm PE head following Bagshaw and Youle exits
The pair are set to leave the magic circle firm at the end of December to join the London office of White & Case.
10/20/2013
Russian Court Rules Not to Reopen Posthumous Magnitsky Case
Magnitsky was found guilty of tax evasion this summer, almost four years after he died in pre-trial detention in Moscow.
10/19/2013
Deutsche Bank talking to 50 employees over Libor - paper
The staff are being allowed to bring lawyers or witnesses to the talks
10/18/2013
Funds in legal showdown over Anglo bonds trade
The BNP Paribas unit – its Financial Credits Trading Desk in London – sold distressed subordinated Anglo notes with a face value of $50m to Anchorage New York in December last year for $31.2m.
10/17/2013
Appointment Strengthens Geldards’ Private Client Team
Geldards is set to strengthen its nationally recognised Private Client team with the appointment of Claire Johnson as a Partner.
10/16/2013
Quinns Seek orders to Prevent Sale or Transfer of Assets to Nama
Family of bankrupt Seán Quinn claim liquidator not entitled to dispose of assets
10/16/2013
Linklaters star private equity duo quit for White & Case after management showdown
The friction between the two private equity partners and the firm’s banking practice has been an open secret for several years
10/16/2013
Barclays Joins Lloyds as Most-Complained About Banks, FCA Says
Consumer complaints reported by financial services firms fell by 500,000 between the second half of 2012 and the first half of 2013.
10/16/2013
Five RDR alarm bells: how to protect against inducement rules
We look at five areas that wealth managers should pay careful attention to in order to make sure they don't fall foul of RDR rules.
10/16/2013
UK says its local banking rules eased for all, not just Chinese
Britain is ready to relax its banking rules for any non-European bank
10/16/2013
HSBC Hit with $2.46-bln Judgment in U.S. Class Action
The judgment by U.S. Judge Ronald Guzman in Chicago was the largest in a securities fraud class action that went to a trial
10/16/2013
Barclays fund 'lowered' Libor for profit - court papers
An investment fund owned and run by Barclays attempted to manipulate UK borrowing rates for its own profit
10/15/2013
FCA Kicks Off High Court Battle Against Unregulated Schemes
The Financial Conduct Authority has kicked off its High Court battle against 16 parties involved in unregulated investment schemes it alleges to be operating illegally.