12/22/2015
Deutsche Bank Tally of Suspect Russia Trades Said at $10 Billion
That means the Frankfurt-based bank flagged as much as $10 billion in total trades that may not have been vetted for money laundering as clients moved money out of Russia.
Legal, Regulation & Compliance
12/22/2015
Natixis: Solvency ratio is above ECB's requirement
French bank Natixis Tuesday said its solvency ratio is well above the European Central Bank's requirement.
12/22/2015
Trusts Mistake Applications - Mourant Ozannes
On 16 December 2015, the Royal Court of Jersey handed down judgment in the cases of In Re the Matter of the Great Escape Trust and In Re the Matter of the Wentworth Trust.
12/22/2015
TIEA Notices – Where next? - Mourant Ozannes
They also explain why this case is headed for appeal.
12/22/2015
Parliament to investigate bank failures
Investors left with worthless bonds appeal to pope
12/22/2015
Hardouvelis to be probed over wealth declaration
The case concerns a period before he became minister, when he was an economic adviser to interim Prime Minister Lucas Papademos.
12/22/2015
East Anglia law firm Birketts a regional winner at Wealth & Finance magazine’s Finance Awards
Regional law firm Birketts has added to its 2015 awards haul by winning the “Best for Business Law – East England” title at Wealth & Finance magazine’s Finance Awards.
12/21/2015
UK breached EU rules over City bonuses
European Banking Authority finds that UK has excluded hundreds of firms from the bonus cap on the basis of size
12/21/2015
FCA and FOS reaffirm terms of co-operation
The memorandum sets out the respective responsibilities of the FCA as a financial conduct regulator and the FOS as an independent dispute resolution organisation.
12/20/2015
Ghosts of the Past - The Rule in Pigot's Case by Colin Riegels & Matt Taber, Harneys
For all of the strengths that common law legal systems have, one of the weaknesses is ghosts of past in the form of ancient case law which rears its head in unwelcome circumstances.
12/20/2015
EU referendum: Challenger bank boss says smaller UK lenders would be better off outside of the EU
"Noting the EU is a net importer into the UK, I struggle to see a compelling argument for the UK continuing to be a consistent net payer into the EU coffers," he added.
12/18/2015
WH Ireland faces 'substantial’ FCA fine
WH Ireland expects to be hit with a ‘substantial’ fine following a Financial Conduct Authority (FCA) review into its business.
12/18/2015
Irwin Mitchell and Thomas Eggar complete merger to form £250m legal business
Legal services to businesses and high net-worth private client work will together account for half the Group’s turnover.
12/18/2015
KBC Asset Management selects SimCorp Dimension
KBC Asset Management has selected SimCorp’s investment management solution, SimCorp Dimension, as its investment book of record.
12/18/2015
The City watchdog is holding a summit with top bankers
The summit forms part of a series of meetings between McDermott and senior banking execs after years of banker bashing, fines and financial scandals.
12/18/2015
IMF chief Lagarde to appeal French trial decision
Lagarde, who was French finance minister at the time, denied wrongdoing in a statement Thursday and said she had ordered her lawyers to appeal the decision.
12/18/2015
World Bank Assists FYR Macedonia in Improving Quality of Financial Reporting
This assessment focuses on the strengths and weaknesses of the accounting and auditing environment that influences the quality of corporate financial reporting, and includes a review of both statutory requirements and actual practice.
12/18/2015
Private client law firm eyes more deals as merger completes
The parties said the merger had transformed the structure of the group with legal services to businesses and high net-worth private client work now accounting for half the group's turnover. Personal injury work – 80 per cent of which is made u
12/18/2015
Bryan Cave Partner Elected to the Board of the Emerging Payments Association
The EPA is a community for the world’s most progressive payments companies and is the most influential trade body for the industry.
12/18/2015
French court says seizure of Russian assets by Yukos investors can go on
Yukos shareholders began in June of this year to seize bank accounts and properties in Paris and other parts of France belonging to the Russian Federation.