03/26/2012
Prudential email leak mocks 'horrendous' FSA policies
It also says that Prudential should up its lobbying efforts to change regulations it sees as "ill-judged".
Legal, Regulation & Compliance
03/26/2012
Charities threaten to boycott donors’ summit over tax plans
Leading charities are considering boycotting a high-profile philanthropy conference hosted by Downing Street this spring and a number of wealthy individuals have warned their own giving will fall as anger grows over Budget plans to cap tax relief on donat
03/26/2012
Stamp duty hike has private client lawyers in a wine-bar whirl
A number of property lawyers were reported to be thrashing out late-night deals in wine bars following last Wednesday’s Budget.
03/23/2012
FSA sends 'nasty letters’ to IFAs over single platform use
Simon Morris (pictured), partner in the Financial Services division of law firm CMS Cameron McKenna, said the FSA had recently been sending out 'nasty letters' to advisers on the use of single platforms.
03/22/2012
Bank levy hike offset by corporation tax cut - BBA
Chancellor George Osborne said in his Budget speech on Wednesday that he would increase the rate of the bank levy to 0.105 percent from 0.088 percent from next January, although corporation tax will be cut.
03/22/2012
Linklaters and Sidley join cast on Glencore's £3.9bn Viterra take-over
Linklaters’ European team was led by corporate relationship partner Charlie Jacobs and City competition partner Christian Ahlborn.
03/22/2012
Morgan Lewis leads as Deutsche Boerse sues EC over NYSE merger
Morgan Lewis is fielding a team led by Frankfurt managing partner Christian Zschocke. It is understood that the EC is handling the matter in-house. NYSE Euronext is not party to the legal action.
03/22/2012
FSA wins £32m high court judgment
Regional Land and Countrywide were trading names used by Maynard.
03/22/2012
Ashurst hands top management role to Paris banking partner
Collis will transfer to London after seven years in the Paris office, taking over in the senior role on 1 May.
03/22/2012
Regulator sets conditions for Chinese bank ICBC's Poland entry
Poland’s Financial Supervision Authority (KNF) has granted ICBC special permission to operate in the country, provided it fulfills certain conditions.
03/22/2012
Budget ushers in key changes for private client and property lawyers
Chancellor George Osborne has put measures targeting the wealthy at the core of a budget that is also set to cut tax for business and clamp down on tax avoidance by corporates and individuals.
03/22/2012
The worst-kept secret was a tax on the rich
The top rate of tax will now fall to 45 per cent from April 2013, and the expectation must be that a similar level of income will be deferred until 2013/14.
03/22/2012
UK Supreme Court Rules in Favour of Unsegregated Clients in Lehman Brothers International (Europe)
Now that the UK’s highest court has given its ruling the FSA might presumably take steps to review the rules that have generated such uncertainty.
03/22/2012
AMF fines BNP, Socgen over bond sales
The two banks said on Thursday they had yet to decide whether they would appeal the AMF decision.
03/21/2012
Risks are increasing in quantity and severity - PwC
While concerns about further economic uncertainty continue to be top of mind for business leaders, issues such as fraud and ethics, mergers and acquisitions, large programs, new product introductions, and business continuity were identified among the top
03/21/2012
City firm turns to BCL Burton Copeland for hire of regulatory head
The senor solicitor has worked on major fraud cases including an international money-laundering sting called Operation Cotton and an alleged £100m tax avoidance scheme prosecuted by the CPS.
03/21/2012
CC and White & Case join advisers on £500m-plus GlobeOp bidding
Clifford Chance, White & Case and Wilmer Cutler Pickering Hale and Dorr have won roles on the bidding battle for hedge fund administrator GlobeOp, after US software company SS&C Technologies last week trumped an earlier offer from buyout house TPG
03/20/2012
Mayer Brown picks up Camerons property finance partner
In his new role - which will start in the next few months - Harvey will head up Mayer Brown’s real estate investment team in London.
03/20/2012
FSA brands Barclays move unacceptable, hints at swaps probe
The FSA confirmed that Barclays has apologised and agreed to write to all affected customers.
03/20/2012
Police to investigate collapsed financial bookmaker WorldSpreads
Initial conversations between the Financial Services Authority and the City of London police on the crisis are understood to have taken place.