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.
Legal, Regulation & Compliance
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.
05/19/2016
Ex-Barclays trader tells court Libor rate promise was 'just banter'
As the second defendant to testify in the criminal trial, Contogoulas told the jury that he had been given no impression that asking for Libor rates was wrong or dishonest, that he had never had appropriate training, had not sought to conceal such request
05/19/2016
Aviva launches Insurance Act broker guide
It covers the changes which the Act will introduce including fair presentation of risk, remedies, warranties and conditions, fraudulent claims and contracting out.
05/19/2016
FCA bans Keydata’s former compliance officer
Were it not for Mr Johnson's serious financial hardship, the FCA would have fined him £200,000.
05/19/2016
German top court to rule on ECB's bond buying on June 21
An outright rejection of the programme is not likely after a largely favourable verdict by the European Court of Justice last year, but it would have far-reaching consequences.
05/18/2016
Panel says don’t pin hopes on consumers to drive competition
In other words, producing better value products and services has no competitive advantage.
05/18/2016
Cybersecurity Directive adopted by Council - Herbert Smith Freehills
The Council of the European Union has formally adopted the Cybersecurity Directive. The Directive aims to step up the security of network and information systems across the EU.
05/18/2016
Ex-Barclays Trader Lied to FBI, Changed Story in Libor Case
He was offered a non-prosecution deal by the U.S. Department of Justice in 2011 that prompted him to begin telling the truth, he said on his third day of testimony in a London court.