12/09/2016
King & Spalding accounts for London and France show revenue up 11%, while profit dips 10%
There was also a continued increase in partner headcount, rising by 30% from 23 in 2014 to 30 in 2015.
Legal, Regulation & Compliance
12/09/2016
Banks want to stay under EU law for up to five years after Brexit
Financial institutions say a lengthy transition period is 'important in order to avoid potential damage to the 'real economy' that is reliant upon uninterrupted access to financial services'
12/09/2016
Italy awaits ECB verdict on Monte Paschi rescue delay
A financial crisis in the euro zone's third-biggest economy would also risk creating contagion across Europe, a region already reeling from Britain's decision to leave the EU.
12/09/2016
UK and Hong Kong regulators agree deal to cooperate on fintech
The FCA or HKMA both intend to assist the innovator businesses in understanding the regulatory regime
12/08/2016
Herbert Smith Freehills - Financial regulation update
The Bank of England and Financial Services (Consequential Amendments) Regulations 2017
12/08/2016
HKMA and UKs FCA enter cooperation agreement to foster fintech
The FCA and the HKMA have entered into a Co-operation Agreement to foster collaboration in promoting financial innovation.
12/08/2016
MiFID II – Product Governance Provisions - Farrer & Co
This briefing focuses on the proposed product governance rules set out in the FCA's third MiFID II implementation consultation paper and its impact on firms.
12/08/2016
Verdict expected in French budget minister's tax scandal
The scandal fueled public mistrust of traditional politicians and demands for more transparency
12/08/2016
Payout law change call as Ponzi scheme victims hit by delays
Claims amounting to close to €20m have been made but no compensation has been paid out by the Investor Compensation Company
12/08/2016
France's honest tax system crusader convicted for hiding millions of euros
Jérôme Cahuzac, appointed by Hollande to lead clampdown on wealthy avoiders, hid cash in a secret Swiss account for 20 years
12/08/2016
Whistleblowers need greater legal protection
The overriding theme is clear - times are difficult, mistakes have been made and businesses and individuals have a duty to do the right thing.
12/08/2016
UN Rapporteur Urges France Not To Extradite Kazakh Dissident Tycoon To Russia
The French government approved Ablyazov's extradition to Russia in September 2015. Ablyazov appealed the decision.
12/08/2016
Ultra-Low Rates to Grip Europe ‘a Very Long Time,’ Denmark Says
The ECB is expected to deliver a fresh round of stimulus on Thursday, according to almost all economists in a Bloomberg survey.
12/07/2016
Herbert Smith Freehills - Financial regulation e-bulletin
FCA – consultation on rules for firms providing CFDs to retail clients
12/07/2016
Spread-betting firms lose £1.3bn in minutes after watchdog crackdown
The Financial Conduct Authority plans to impose stricter rules on financial spread betting products
12/07/2016
Key Changes in French Regulations on Bank Resolution and Financial Netting
A ratification bill was presented by the government in Parliament on January 13, 2016.
12/07/2016
Charities fined over 'wealth screening' data breaches
The ICO said the two charities had employed wealth management companies to analyse the financial status of supporters.
12/07/2016
Dublin fights it out with Frankfurt to be UK bank's European headquarters
The report said the bank has been in touch with officials here about getting a licence and could make the move after Britain begins the formal process of withdrawing from the bloc.
12/07/2016
Finance Bill 2017: Corporate tax reporting requirements ‘a burden’
It will also create a new legal requirement to correct a failure on the payment of UK tax on offshore accounts and investments.
12/07/2016
Germany: Private Equity Investments In The Financial Industry – A Regulatory Challenge
Private equity sponsors will be more inclined to invest in this sector