11/17/2013
EU Bank Resolution Rules Should Be Applied Equally - ECB's Mersch
Rules for resolving troubled banks shouldn't favor institutions in economically strong countries, European Central Bank Executive Board member Yves Mersch said Monday.
Legal, Regulation & Compliance
11/17/2013
ESMA - Financial institutions must improve financial statement disclosures
The European Securities and Markets Authority (ESMA) has published a Review of the comparability and quality of disclosures in 2012 IFRS financial statements of listed financial institutions.
11/17/2013
Wragges and Lawrence Graham Begin Merger Talks
Top-60 firms Wragge & Co and Lawrence Graham have confirmed they are in talks to form a £170m-plus practice.
11/16/2013
U.K. Bank Whistle-Blowers Increase as Regulator Scrutiny Grows
The number of whistle-blower calls to the U.K. Financial Conduct Authority increased 23 percent over the last year
11/14/2013
Sullivan & Worcester Widens its Finance Offering in London
He joins the firm from Squire Sanders
11/14/2013
Former JPMorgan 'Whale' supervisor opposes U.S. extradition
A former JPMorgan Chase executive accused of helping to hide trading losses in a $6.2 billion financial scandal at the bank rejected on Friday
11/13/2013
EDPS calls for 'special attention' for tax data exchange Directive
The proposed amendments would expand the scope of the AEOI and would require Member States to exchange data relating to dividends, capital gains, other financial income and account balances.
11/13/2013
FCA board member calls for 'holy trinity' overhaul of financial services
The investment industry is inefficient and in need of a radical overhaul if it wants to meet the needs of an under-served consumer base, Financial COnduct Authority board member Mick McAteer has warned.
11/13/2013
Kinetic Partners unveils AIFMD Hedge Fund Depositary Due Diligence Checklist
Hedge fund managers will need to undertake due-diligence over their depositary providers and this checklist has been designed to assist managers undertake the necessary depositary due diligence.
11/12/2013
Bank union to free 7 billion euros of capital for UniCredit from HVB: FT
UniCredit, Italy's biggest lender by assets, expects Europe's banking union to free up 7 billion euros ($9.4 billion) of capital from its German subsidiary HVB as capital requirements are equalized across the euro zone
11/12/2013
Baker & McKenzie Relocates Italian Partner to Dubai
Leading global law firm Baker & McKenzie is relocating corporate and transactional partner Pietro de Libero from the firm's Milan office to its Dubai office.
11/12/2013
Baker & McKenzie Recruits Senior Big Four Tax Professional in London
Baker & McKenzie's London office has hired EY partner Mark Bevington to boost its corporate tax practice.
11/12/2013
BLP takes former DLA leisure head to boost real estate
Berwin Leighton Paisner has recruited partner Karen Friebe from DLA Piper to join its London real estate practice.
11/11/2013
Exclusive: New UK financial regulators face surge in staff turnover
Britain broke its financial regulator up into two separate agencies in April to ensure stricter scrutiny of banks and markets in the wake of the 2007-09 financial crisis and a series of costly scandals involving bankers' misdeeds.
11/10/2013
Silence is an unreasonable refusal to engage in ADR - Withers
The Court of Appeal has decided that a failure to respond to a reasoned invitation to mediate an ongoing dispute is unreasonable, regardless of whether there were good reasons to refuse to mediate.
11/10/2013
Banks move early on bonus caps amid confusion
Banks have started the process of deciding how they will implement the EU-wide bank bonus cap
11/10/2013
One Size Regulation Does Not Fit all Boutique Asset Managers
When it comes to the effects of ‘one-size-fits-all’-regulation for boutique asset managers, off the peg doesn’t suit everyone.
11/10/2013
IMA: EU Regulations Are Heading in Different Directions
Two pieces of European legislation relating to sales practices – specifically “inducements” for financial advisers and their disclosure – are heading in different directions.
11/09/2013
Appleby advises Standard Chartered on consolidation of Jersey banking entities
The transaction was ground-breaking in its use of the Banking Business (Jersey) Law 1991
11/07/2013
The annual bonus round by Withers
In anticipation of the new year’s annual bonus round, there has been a flurry of regulatory requirements that will have to be taken into account this time around: