05/25/2016
Bank customers may cover cost of fraud under new UK proposals
At present, banks routinely cover the cost of fraud, regardless of blame.
Legal, Regulation & Compliance
05/25/2016
FCA warns banks on use of anti-money laundering rules to close accounts
Regulator criticises banks for using rules as excuse to terminate accounts of individuals and businesses they perceive as risky
05/25/2016
FCA Research into the issue of de-risking
The FCA, along with fellow agencies and authorities, has a long-standing programme of work in place to ensure the UK financial system is a hostile environment for money launderers. The work not only continues, but has been reinforced by the Government&rsq
05/25/2016
European Commission updated overview of Level 2 measures in financial services
The European Commission has published an updated overview of current and proposed Level 2 legislative measures in the area of financial services.
05/25/2016
French bankers try to reassure Senate over tax havens
Jacques D’Estais also said BNP was closing a branch in the Cayman Islands.
05/24/2016
Raft of promotions announced at London law firm
Managing Partner, Jesper Christensen, comments: “It is exciting to welcome each of these five talented individuals into the partnership as we continue to grow and strengthen our offering across all core practice areas.
05/24/2016
Laws and locations: A look at forced heirship regimes and estate planning for investments in Europe - Withers
The aim of international estate planning is to identify with trusted advisers such uncertainties and keep them to a minimum.
05/24/2016
Deutsche in U.S. Mortgage Probe
Yet more trouble for Deutsche Bank. U.S. authorities are reportedly investigating whether the bank masked losses on mortgage-backed securities, while a major ratings agency downgraded its creditworthiness.
05/24/2016
DLA Piper appoints new Head of Competition and Regulatory in Finland
Mikko joins DLA Piper from another leading law firm.
05/23/2016
Eversheds advises Investec Bank and Zeus Capital in £60m drinks deal
The acquisition was part funded through a placing of £32 million new ordinary shares.
05/23/2016
Blockchain sends banking regulators back to basics
Regulators are now asking if blockchain process will have an impact on how they protect consumers and keep the financial system stable if something goes wrong
05/23/2016
New EU Trade Secrets Directive: key points for marketers - Osborne Clarke
It is still preferable for any exchange of valuable information to be documented contractually and for tightly-defined confidentiality obligations
05/20/2016
Common Reporting Standard (CRS) and Beneficial Ownership – Filippo Noseda, Withers
In today’s difficult economic climate, countries need more than ever to ensure that they collect all the tax revenues that are due to them in order to fund public expenditure and reduce public debt. The arrival of new technologies has made it easier
05/20/2016
UK Banks Ordered to Update Cyber Security After $81M Bangladesh Bank Heist
The Bank of England, one of the G10 central banks that oversee Brussels-based SWIFT, said it had no immediate comment.
05/20/2016
Farrer & Co wins Magic Circle Award
The law firm was also runner up in the London Law Firm of the Year category.
05/20/2016
Meeting Investors' expectations - Thematic Review
The main purpose of this Thematic Review is to ascertain whether UK authorised investment funds are being managed in accordance with the investors' expectations as set by marketing and disclosure material.
05/20/2016
ESMA warns EC over bond transparency phase-in
The regime for non-equity transparency is one of three out of 28 MiFID II rules submitted by ESMA that the Commission sent back last month for revision.
05/20/2016
EU confirms one-year delay to MiFID II
This would lead to legal uncertainty and potential market disruption,” ESMA explained.
05/20/2016
Balfour+Manson expands legal team in Aberdeen
This continues our strategy to grow and develop our Aberdeen office.
05/19/2016
JPMorgan, Citigroup Sued in London by Two Currency Traders
The pair of salespeople add to a group of employees on foreign exchange desks who have sued banks in recent months following widespread firings and internal disputes in the wake of the foreign-exchange scandal.