12/17/2015
Osborne lines up Swiss regulatory chief to replace Wheatley at FCA
Osborne is expected to sign off on a decision in a matter of weeks.
Legal, Regulation & Compliance
12/17/2015
Swiss ban for six former UBS traders over market rigging
Finma has determined that the individuals concerned were directly responsible for serious regulation breaches,” the body said in a statement following an investigation undertaken last year.
12/16/2015
FCA releases MiFID II consultation paper
A significant part of MiFID II takes the form of EU regulations that are directly applicable in the UK without the need for changes to domestic law or regulation.
12/16/2015
Five wealth managers not up to scratch: FCA
The City watchdog released a thematic review into the £600bn wealth management industry on 9 December.
12/16/2015
Lords fail to overturn UK government plans to soften rules on banker accountability
Several independent peers joined the government to vote down an amendment that would have retained tougher rules on bankers first put in place following the collapse of Britain’s banking system in 2008.
12/16/2015
German trader claims FCA wrongly identified him in Deutsche probe
Mr Vogt is still employed by the bank until the end of this month but no longer does any day-to-day work there, the tribunal heard.
12/15/2015
Osborne accused of 'buckling to pressure' from banks on accountability
This would mean that they would not be able to escape disciplinary action over scandals like the rigging of the Libor lending rate by claiming they did not know or understand what high-paid traders were doing.
12/15/2015
Sir Bob Geldof faces court battle over African investment company
A judge was asked to decide whether the dispute - centred on the 8 Miles private equity firm of which Sir Bob is the chairman - should proceed to a trial.
12/15/2015
German private banks open to EU deposit guarantees long term
The EU aims to introduce a deposit insurance scheme step by step from 2017
12/15/2015
Five Accuracy partners are named among the leading expert witnesses
This is an impressive result for Accuracy, who have earned four new entries this year compared to last year’s one, Hervé de Trogoff, who now features for a second year running. It is a strong indicator of Accuracy’s growth, quality and
12/15/2015
FCA fines Threadneedle Asset Management Limited £6m
The FCA considers these failings to be particularly serious
12/15/2015
International law firm expands London office
She joins the Firm as a Partner with over 18 years of experience, both in onshore and offshore legal settings, having most recently worked as a partner at a prominent offshore law firm.
12/15/2015
German watchdog weighs Fosun's Hauck bid -source
The company later said Guo was helping police with an investigation that mostly concerned his personal affairs.
12/14/2015
Irish regulator launches fund fee probe
The financial watchdog in Ireland, which oversees more than 6,000 funds, including 3,725 mutual funds, is to examine whether the investment products offer “value for money”.
12/14/2015
RBS shareholders may sue Lloyds over ‘£800,000 legal bill’
RBS Shareholders Action Group’s claim, which mostly comprises retail investors and is one of the largest against the bank, has become increasingly mired in problems over funding as the long drawn out case continues to work its way through the legal
12/14/2015
Withers advises Renault on the acquisition of Lotus F1
The Lotus F1 Team effectively stands out as the best partner and Renault and Lotus F1 have known each other for 15 years and were world champions together in 2005 and 2006.
12/14/2015
FRC puts pressure on fund managers to get involved in companies
Some 300 asset managers have already signed up
12/14/2015
UK regulator to name and shame asset managers
The Financial Reporting Council will reveal for the first time in July those investment groups that are not putting adequate pressure on companies in their roles as stewards of other people’s money.
12/14/2015
MAC the knife: when does a MAC kill a deal?
These clauses are obviously resisted by sellers, who want certainty, but can be very important to buyers who are otherwise at risk of being obliged to proceed with what turns out to be a bad deal.
12/14/2015
Honey, I broke the markets by Tim Price
Which four letter word still has an amazing capacity to cause offence, anxiety and aggravation ? In the world of investment, that word would have to be R-I-S-K.