09/21/2013
ICAP Nears Libor Settlement
The pact, which could come as soon as Wednesday, would be the fourth settlement in the long-running world-wide investigation into alleged rigging of the London interbank offered rate
Legal, Regulation & Compliance
09/19/2013
FCA set to take action on disclosing PI shortfalls
The FCA is set to crack down on the lack of disclosure of shortfalls in professional indemnity insurance among advisers and wealth managers
09/19/2013
Law Firm Use of Service Companies Faces Scrutiny in Tax Avoidance Clampdown
The use of service companies by limited liability partnerships could be outlawed in the UK Government's latest clampdown on tax avoidance.
09/18/2013
IMA Review to Clarify Risk Definitions
The working group is to publish a white paper for members, expected in the next few weeks
09/18/2013
Morgan Flattened by Whale
It is hard to know where to begin in describing the savage indictment by regulators in the US and UK of how JP Morgan Chase came to lose a breathtaking $6.2bn from the notorious "London Whale" trades.
09/18/2013
Partnership faces FCA investigation over inducements
Enhanced annuity specialist Partnership Assurance is thought to be one of the two companies the FCA is considering taking action against for inducement breaches
09/17/2013
JPMorgan trader says he is a scapegoat in 'whale' case
The government was making him a scapegoat for the "London whale" trades while letting off his boss.
09/17/2013
JPMorgan to pay £500m settlement for London Whale scandal
The blue blooded investment bank is close to settling investigations into its £3.9billion London Whale losses
09/17/2013
Banks Face Fines for Benchmark Safeguard Breaches in EU Plan
Banks risk fines as high as 10 percent of their yearly sales for failing to set up adequate safeguards to combat benchmark rigging
09/17/2013
U.K. FCA Probing Two Firms Over Life Insurance Sales Violations
U.K. FCA Probing Two Firms Over Life Insurance Sales Violations By Suzi Ring - Sep 18, 2013 3:40 AM PT Facebook Share Tweet LinkedIn Google +1 0 Comments Print QUEUE Q The U.K.’s markets regulator is investigating
09/17/2013
Transparency Demands Forcing Alternative Managers to Change
Alternative asset managers are being forced to step up their game due to the increasing sophistication of institutional investors, according to research from State Street.
09/16/2013
Big British investors consider suing RBS over share offer
Thousands of shareholders are already claiming more than 4 billion pounds from RBS
09/15/2013
Ex-BLP Partner Surfaces Somers at DLA Piper
Another former Berwin Leighton Paisner (BLP) big-hitter has arrived at a rival firm, with the former Managed Legal Services head Patrick Somers joining DLA Piper today.
09/15/2013
Barclays Braced For Fine Over Qatar Deals
Barclays is seeking to raise almost £8bn from investors through a combination of new shares and bonds
09/15/2013
HSBC Joins Morgan Stanley in Plan to Screen for Money Laundering
The service will allow banks to start new trading relationships faster and cut costs by sharing expenses, according to the statement.
09/15/2013
Devereux Chambers announces the arrival of tax specialist
Devereux Chambers continues to expand its pool of specialist tax counsel with the arrival of Jolyon Maugham from 11 New Square.
09/14/2013
Esma to be stripped of power to ban short selling
The legal opinion is non-binding but the ECJ normally agrees with the advocate general
09/14/2013
Axa Wealth fined £1.8m over advice failures
AXA fell short of its responsibilities to its customers, many of whom were elderly, retired and financially inexperienced
09/12/2013
Stephenson Harwood Advises Baker Tilly on acquisition of RSM Tenon Group
The acquisition completed on 2 September 2013.
09/11/2013
Advisers back Garnier over RDR review
Advisers say they would warmly welcome any Treasury select committee review on the impact of the RDR but stress that any inquiry needs to allow time for the initiative to bed in.