10/06/2013
Top UK prosecutor wants law change to snare more companies
Britain's top fraud prosecutor said on Monday the law must be changed if critics want to see more companies in court for misconduct.
Legal, Regulation & Compliance
10/06/2013
Barclays-Qatar Probe to Have Progress in 2014, SFO’s Green Says
U.K. fraud prosecutors’ will announce significant developments next year in a probe into fees paid by Barclays Plc to Qatar’s sovereign-wealth fund for a 2008 fundraising that helped the bank avoid a bailout.
10/06/2013
Italian banks must cut costs, dividends and pay - regulator says
The weak economy continued to pose risks for the banks and that their difficulties would not easily be solved so that pressure on them to curb lending would continue.
10/03/2013
U.K. Banks have to make Stress Testing a top priority to comply with BoE proposal - Moody’s
Under current plans published this week, the Prudential Regulation Authority will release the first set of common scenarios by the end of March 2014.
10/02/2013
European Commission publishes proposals for indices used as benchmarks in financial instruments and contracts - Withers
The aim of the proposed Regulation is to "restore confidence in the integrity of benchmarks" which the EC intends to achieve by ensuring that benchmarks are not subject to conflicts of interest
10/02/2013
Italy police seize 15 million euros at Merrill Lynch in fraud probe
Merrill Lynch declined to comment.
10/02/2013
Serious Fraud Office Poised for more Libor Charges
The Serious Fraud Office, is poised to charge more individuals in connection with a global investigation into the Libor interest rate rigging scandal.
10/02/2013
Dutch Boutique Continues Hiring Spree with Linklaters and Stibbe signings
Five lawyers have joined the Amsterdam-based outfit, including former Clifford Chance partner and Linklaters counsel Kees Westermann.
10/02/2013
FCA sets out plans for tougher regulation of payday lenders
Payday lenders would also face tougher regulations on what they can say in adverts
10/01/2013
80 Investors Owe €18m to Bank After Signing with Accountant
A Group of More than 80 Investors Have Found Themselves Owing Almost €18m to Bank of Scotland After Signing over power of attorney to an accountant for an investment project.
10/01/2013
Creation of new global force in legal sector – one year on
October 1 2013 marks the first-year anniversary of Herbert Smith Freehills following last year's landmark full-equity merger, which was one of the largest ever in the legal sector.
10/01/2013
Clydesdale brought to task on loan errors
A statement by the FCA last week revealed that Clydesdale, which is owned by the National Australia Bank
10/01/2013
Report: Spain Will Likely Extradite The JP Morgan Trader Connected To The London Whale Debacle
Another day, another legal headline for JP Morgan.
09/30/2013
UK financial watchdog taking longer to approve firms
The FCA and the Bank of England took over supervision from the Financial Services Authority
09/30/2013
Finnish law Firms Merge to Form €28m Outfit
Finland’s Bützow and Juridia have merged to create a €28m firm employing over 100 lawyers.
09/29/2013
Linklaters replaces Freshfields as PPI adviser to Lloyds Banking Group
It is a major project win for Linklaters as the first significant assignment for the retail bank
09/29/2013
Britain’s EU bonus challenge offers little hope for bankers
This follows its legal challenges to EU plans for a tax on financial transactions
09/28/2013
Icap brokers demand British trial
One of the three former Icap brokers charged last week by the US Department of Justice over alleged Libor rigging is attempting to have his case heard in Britain.
09/28/2013
London Bullion Body Could Charge More or Disband Gold Rates
The London Bullion Market Association could charge its member banks more or even disband its Gold Forward Offered Rates after a string of new regulations in the financial market
09/27/2013
EU Watchdog Wants to Charge Foreign Clearing Houses
The European Union's markets watchdog wants to charge foreign clearing houses seeking to cash in on new derivatives rules being introduced across the 28-country bloc, an EU document showed on Saturday.