09/16/2012
Offshore law firm launches in London with Walkers hire
He specialises in corporate and finance work, with a particular focus on hedge funds, and spent seven years at Walkers.
Legal, Regulation & Compliance
09/16/2012
European regulator consults on remuneration guidelines
The European Securities and Markets Authority (ESMA) has published today a consultation paper on proposed Guidelines on remuneration policies and practices under the Markets in Financial Instruments Directive (MiFID).
09/16/2012
ESMA consults on market maker and primary dealer exemption for short selling
The Guidelines are intended to support the creation of a level-playing field, consistency of market practices and convergence of supervisory practices amongst national securities market regulators across the EEA.
09/13/2012
John Greenwood: FSA should stop meddling on consultancy charges
For the moment the FSA is sticking to its line that consultancy charges that take overall contributions below the auto-enrolment minimums are not permitted.
09/13/2012
Herbert Smith, Nabarro lead on £300m sale of BNP Paribas Real Estate City base
BNP Paribas' new St Pancras base purchased by insurers AXA
09/12/2012
FSA bans adviser for false references
The Financial Services Authority (FSA) has banned a financial adviser after he gave false references from a previous employer, from which he had been dismissed for dishonesty.
09/12/2012
RPC and Freshfields advising on latest Barclays litigation
Freshfields is advising Barclays with a team headed up by London disputes partner Simon Orton, alongside Ewan McQuater QC, David Quest and Sandy Phipps from 3 Verulam Buildings.
09/12/2012
FSA hands out life ban to HBOS director
Former HBOS executive Peter Cummings is to be hit with both a £500,000 fine and a lifetime ban from the industry.
09/12/2012
FSA proposes tough new rules for non-UK banks
Regulator says costs to implement measures to protect UK savers could costs US banks alone more than £1.1bn.
09/12/2012
RBS, others sue Dubai Group over $10 billion debt
Royal Bank of Scotland and two other banks have begun legal proceedings against an investment vehicle owned by Dubai's ruler, seeking immediate repayment after abandoning talks to restructure $10 billion in debts.
09/11/2012
Feuding Dutch Politicians Agree on Toughening Bank Rules
“We would hand the bill to the banks, who caused this crisis”
09/11/2012
Fund managers hit out at regulation in IMA survey
Survey raises fears of protectionism and complexity for providers and investors.
09/11/2012
UK banks could be shut down or forced into bail-outs by Brussels
The moves stem from proposals for a eurozone "banking union".
09/11/2012
Insurers face 'fallout' from banking scandals, says Lloyd's of London chief Richard Ward
'The 2008 financial crisis was not an insurance crisis, it was a banking crisis'
09/11/2012
Special tax unit takes extra £500m from UK's richest people
The taxman has extracted an extra £500m from Britain’s richest people thanks to a special unit set up three years ago to target “high net worth” individuals.
09/11/2012
Vatican hires Liechtenstein's former top anti-money laundering expert
For eight years he was the director of Liechtenstein's Financial Intelligence Unit, the department which gathers and analyses information used by police to combat money laundering, organized crime and the financing of terrorism.
09/10/2012
Firms face six-month wait for FSA approval
Financial services start-ups waited nearly six months for FSA approval in the first quarter of 2012, data obtained by Reynolds Porter Chamberlain has revealed.
09/10/2012
Freshfields and Simmons raid Weil Gotshal and Linklaters for Paris partners
Freshfields Bruckhaus Deringer and Simmons & Simmons have both raided rival Anglo-Saxon firms for partners in Paris.
09/10/2012
Linklaters pips Freshfields in China Gold pitch amid African Barrick talks
China Gold is a new client for Linklaters, which has made a successful push to win outbound work originating in the country.
09/10/2012
Liechtenstein Eyes Tax Data Exchange With Germany
Liechtenstein is currently considering the idea of concluding a withholding tax agreement with Germany, providing for an automatic exchange of tax information.