06/27/2013
Advisers: Most new assets will be in clean funds in 12 months
Two thirds of advisers expect the majority of new platform business to go into clean share classes over the next 12 months
Legal, Regulation & Compliance
06/27/2013
Dutch Tax Hampers Banks From Recapitalizing, Committee Says
The Netherlands’ bank tax has made it harder for lenders to rebuild their capital and should be scrapped,
06/27/2013
Icap comes out fighting against fresh Libor-fixing allegations
ICAP, the world’s biggest interdealer broker, yesterday issued a strongly worded statement hitting back at allegations that senior management at the firm were aware of alleged attempts by traders to fix Libor.
06/26/2013
Global ETF regulation proposed
The International Organisation of Securities Commission (IOSCO) has issued a report outlining how it wants exchange traded investment vehicles regulated globally.
06/26/2013
Private Weath Team Of The Year
private wealth team features lawyers in several jurisdictions with London as a hub.
06/26/2013
OFT publishes BlackRock-Credit Suisse decision
Anticipated acquisition by BlackRock of the exchange traded funds business of Credit Suisse
06/25/2013
FCA Regulation round-up June 2013
FCA secures commitment from high street banks to use a ‘retry system’ when processing payments to stop unnecessary penalty charges
06/25/2013
Solicitor leads the way with private client role
A North East law firm is welcoming a new solicitor to lead its Private Client Services division.
06/25/2013
Walker Morris appoints former Deloitte chief as non-exec
Walker Morris has named former Deloitte managing partner Stuart Counsell as its first non-executive board director
06/24/2013
Libor scandal: regulators launch global review
Mark Carney, chairman of the Financial Stability Board and incoming Governor of the Bank of England
06/23/2013
Conyers shuts Moscow after five years in Russia
Conyers established its Moscow office in 2008, sending partner Caroline O’Hare to Russia to manage the office.
06/23/2013
Barclays calls lawyers in for cost-cutting summit
Barclays’ external legal advisers are expecting widespread spending cuts by the bank’s legal function as part of its Transform Programme
06/20/2013
FFW snares longstanding Taylor Wessing partner in three-lawyer swoop
Field Fisher Waterhouse has ratcheted up its City partner recruitment by hiring three lawyers from a trio of firms
06/20/2013
FCA agrees £380k landbanking settlement for investors
The Financial Conduct Authority (FCA) has agreed a settlement of proceedings in the High Court which will enable it to return approximately £380,000 to investors in a land bank.
06/19/2013
UK law firm adds three partners to private client group
Plans for further significant growth in private client legal services work with the appointment of three experienced partners and several other fee earners to its national Family law team.
06/19/2013
Tough talks ahead on regulation of markets
Member states agree a position on Mifid, but talks with MEPs lie ahead.
06/18/2013
FCA issues 'largest ever' £1m fine to mortgage adviser
The FCA said often people who sell their homes in this way are vulnerable as they are in financial difficulties and need to raise money to pay mortgage arrears and avoid imminent repossession.
06/17/2013
UK prepares charges against former UBS Libor trader
He has already been charged in the U.S., which is running a parallel criminal probe.
06/17/2013
U.K. Clashes With EU Over Bid to Boost Market Regulator’s Powers
The U.K. expresses concern that it is legally uncertain whether the powers granted to ESMA” are “acceptable
06/17/2013
Former UBS and Citigroup trader charged over Libor-rigging scandal
Hayes has been charged with eight counts of conspiracy to defraud for his alleged role in manipulating the price of benchmark interest rates at the heart of the banking industry.