12/23/2016
United States Sues Barclays Bank
The detailed allegations in the complaint describe Barclays’, Menefee’s, and Carroll’s misconduct in connection with RMBS securitizations Barclays underwrote between 2005 and 2007.
Legal, Regulation & Compliance
12/23/2016
ABN AMRO Press Release: Kees van Dijkhuizen receives regulatory approval as CEO of ABN AMRO
The appointment of Mr van Dijkhuizen was announced on 8 November 2016.
12/23/2016
U.S., U.K. and German law firms team up to help whistleblowers
Eligible clients could include anyone working with a European or multinational company whose securities trade on U.S. exchanges, as well as American companies that do business in Europe.
12/22/2016
Herbert Smith Freehills - Financial regulation update
Council of the EU statement on Brexit
12/22/2016
Spanish banks face $4.2 billion hit from European court's loan ruling
Economy Minister Luis de Guindos told reporters on Wednesday the country's financial system was healthy and could deal with the consequences of the ruling.
12/22/2016
TheCityUK urges focus on maintaining competitiveness of UK legal services industry
It particularly stresses the importance of the English courts remaining a hub for global businesses seeking to resolve international commercial disputes and of reasserting the value of choosing English law in commercial contracts.
12/22/2016
COMCO fines Swiss franc Spread cartel
COMCO’s decision can be appealed to the Federal Administrative Court
12/22/2016
Dutch housing co-op Vestia sues Deutsche Bank
We dispute the claims and will be defending ourselves in court.
12/21/2016
Cahuzac: Banque Reyl to Appeal the Verdict
The bank's CEO received a suspended jail sentence of one year and a fine of 375,000 euros
12/21/2016
Top French banks sue ECB to reduce capital demands
The Frankfurt-based institution has been sued repeatedly over its bond-buying programmes and by smaller banks seeking to escape its supervision.
12/21/2016
Financial regulation update
EBA recommends a harmonised EU-wide framework for covered bonds
12/21/2016
FCA must disclose extra documents in Libor case
There was a culture where the manipulation of the Libor setting process was pervasive
12/21/2016
U.K.-based banks could sue the bloc if it does not grant them a transitional deal
Britain's 26 billion pounds legal sector could be at 'risk' if the government fails to secure guarantees following Brexit.
12/21/2016
Eversheds partners vote in favour of merger with US firm Sutherland
Partners have voted in favour of a merger between law firms Eversheds and Sutherland.
12/21/2016
BNP Paribas, Societe Generale among major French banks suing ECB to reduce capital demands
The legal action comes amid heightened tension between banks and the ECB
12/21/2016
Spanish Banks Lose EU Case on Mortgage Interest Repayments
EU court ruling concerns ‘mortgage floors’ on Spanish loans
12/21/2016
Former trader claims in court Belgian law applies to Euribor
City watchdog disagrees with Christian Bittar’s reading of legislation
12/21/2016
Dutch housing coop Vestia seeks damages from Deutsche Bank for derivatives
Vestia's own losses are usually estimated at about 2 billion euros
12/20/2016
Herbert Smith Freehills - Financial regulation update
The PRA has published a frequently asked questions (FAQ) document on Solvency II regulatory reporting.
12/20/2016
WW Property Investments Limited v National Westminster Bank
Court of Appeal refuses permission for addition of claims regarding LIBOR manipulation