01/19/2012
While the fine relates specifically to failings by Direct Line and Churchill (together, the Firms), since the breach occurred the relevant business and liabilities of the Firms have been transferred to UK Insurance Limited (UKI). UKI, which is owned by th
01/16/2012
The resignation of Phillip Hildebrand from the Swiss National Bank highlights the 'new centrality' of central bankers as well as their need to espouse a rigorous code of conduct, according to OMFIF Co-chairman David Marsh in the January 2012 Bul
01/16/2012
If upheld on appeal, the judgment could result in between 50,000 and 100,000 firms being able to claim refunds on tens of millions paid in fines.
01/16/2012
BNP Paribas carries out reviews on a rolling basis. This is the first review that has taken place since Georges Dirani, former head of Herbert Smith’s Paris banking practice, took over as general counsel of the bank in 2010 (26 April 2010).
01/16/2012
The Lawyer has learnt further names of several partners who have been requested to exit the firm, mostly covering banking and finance.
01/13/2012
The call comes just days before the deadline to respond to the Financial Services Authority’s (FSA) consultation published in November of last year.
01/12/2012
The pair’s sentencing was delayed after the court was told Steele had a heart condition and a pre-sentencing report had not been compiled.
01/12/2012
Appearing in front of the Treasury Select Committee to discuss the Vickers banking reforms, George Osborne questioned where banks would go given the increasing level of regulation around the world.
01/12/2012
Such a levy would mostly hurt private individuals as they couldn’t move to more favorable countries as easily as institutional investors, Andreas Schmitz, president of the BdB Association of German Banks, said at an event in Berlin today.
01/12/2012
Linklaters managing partner Simon Davies is set to stand uncontested for re-election after the deadline for challengers’ nominations passed.
01/12/2012
He advises banks, funds, corporates and other market participants on securitisations and asset-backed finance structures across numerous sectors.
01/12/2012
Five men have been arrested on suspicion of fraudulent transactions from accounts held at Bristol-based stockbroker Rowan Dartington
01/11/2012
Insider dealing is a criminal offence that is punishable by a fine or up to seven years imprisonment.
01/11/2012
The Chancellor also stressed the importance of introducing a financial transactions tax, championed by France and Germany.
01/10/2012
According to a final notice published on the FSA’s website, the failure to notify it of a change in address hindered the body from properly regulating Mr Ali’s business and thereby protect consumers.
01/10/2012
Herbert Smith and Dutton advise as watchdog hands PwC record fine
The sanction - the highest fine ever against a UK accountancy firm - was issued this week by an independent tribunal that adjudicates AADB investigations.
01/10/2012
David Cameron has announced that the government is committed to abolishing the 50p tax rate.
01/10/2012
French banks may be forced to move a large part of their operations abroad if France went ahead unilaterally with a proposed "Tobin" tax on financial transactions, the French Bank Federation said.
01/10/2012
Chief Financial Officers around the world are wary that a lack of transparency in fast-growing emerging markets may lead to greater investor churn, while investors say they should be updated more regularly, two surveys showed on Tuesday.
01/09/2012
Growing public outrage over the severe damage caused by the banking crisis has prompted the Chancellor to prepare a new criminal offence of ‘corporate negligence’ to punish reckless financiers.