11/29/2016
More defections for KWM as Goodwin Procter nabs four partners
Goodwin Procter hinted at the time that it had ‘extended offers to certain other London-based KWM partners’, fueling speculation that Mr Halford’s team was soon to follow.
Legal, Regulation & Compliance
11/29/2016
The ESRB issues eight Warnings on medium-term residential real estate vulnerabilities and a Recommendation on closing real estate data gaps
The ESRB decided to issue these warnings following a forward-looking Union-wide assessment of vulnerabilities relating to residential real estate.
11/29/2016
Latvia fines Swedbank for failings in anti money laundering measures
The watchdog slapped a fine of €1.36mn on the bank before agreeing on a correction programme.
11/29/2016
Swedbank enters agreement with Latvian authorities
The agreement includes a fine of EUR 1.36 million and a series of mitigating actions.
11/29/2016
European Union Authority Talks Blockchain Tech…and Banning It
In recent times, the ECB proposed a directive to exempt virtual currencies from any qualification as, a currency.
11/29/2016
European Union: New EU Banking Legislation Reforms
We have set out below a high level overview of some of the key changes being introduced by the proposed reform package.
11/29/2016
FCA calls for input on high-cost credit and overdrafts
One area of focus has been high-cost credit, which includes payday loans, home-collected credit, catalogue credit, some rent-to-own, pawn-broking, guarantor and logbook loans.
11/28/2016
Bank stress test to expose lenders' struggle to turn a profit
Autonomous’ analysts believe Barclays and RBS will both marginally fail this year’s test, dealing a blow to the pair.
11/28/2016
Fiduciary mandates escape external scrutiny – KPMG poll
Fiduciary management "among the most opaque parts" of the UK's investment industry
11/28/2016
Jailed former Barclays traders denied Libor appeal request
Pabon, an American, was sentenced to two years and nine months in jail in July
11/28/2016
Bank Regulators Seek ‘Miracle’ Deal on Capital Before Trump
The U.S. has pushed for strict rules to protect against future market meltdowns
11/28/2016
Troubled Italian banks face failure if 'No' wins
Resolution, a new regulatory mechanism, restructures and if necessary winds up a bank by imposing losses on both equity and debt investors
11/28/2016
West Ham and Everton hit by Premier League clampdown
West Ham and Everton will be forced to plug a lending gap because of a Premier League ban on shadowy offshore finance companies.
11/28/2016
FCA fines and partially bans former investment manager
he Upper Tribunal had upheld the fine in an earlier judgment in 2015 where the tribunal found that Mr Carrimjee had failed to act with due skill, care and diligence, and had failed to escalate the risk that his client might have been intending to engage i
11/25/2016
EU may adopt global rules on bank capital
The EC has also proposed a new set of requirements for European banks to make them safer.
11/25/2016
Pinsents, Linklaters and Vodafone among winners at British Legal Awards
All the details of the award winners at this year's ceremony
11/25/2016
Commission changes CRD IV to ease remuneration burden on smaller banks
The European Commission aims to reduce the administrative burden of remuneration rules on smaller.
11/25/2016
Regulation and DLT: Working to Strike the Right Balance
Blockchain Technology: The Future for Financial Services Infrastructure
11/25/2016
Financial regulation news - Herbert Smith Freehills
PSR consultation on the PSR regulatory fees for 2017/2018
11/25/2016
European Parliament resolution on the finalisation of Basel III
MEPs stressed that any rule changes must take account of the diversity of EU bankingmodels