11/05/2015
Deutsche Bank to pay $258m penalty for violating US sanctions
Violations in connection with transactions on behalf of countries and entities subject to U.S. sanctions, including Iran, Libya, Syria, Burma, and Sudan.
Legal, Regulation & Compliance
11/05/2015
US extends Global Entry to UK citizens
This part of the application costs $100 (£65) and is non-refundable.
11/05/2015
Terrorism victims sue BNP Paribas for violating sanctions
BNP was laundering money for clients in Sudan in the years leading up to the bombing
11/05/2015
Platform giants hit back at wraps' warning over sunset clause crisis
The Financial Conduct Authority banned platforms from receiving rebates from fund managers on new business in April 2014.
11/03/2015
U.S. Placed Above Cayman Islands in Financial Secrecy Blacklist
Singapore and the Cayman Islands were placed fourth and fifth in the TJN rankings
11/03/2015
Statement claims Central Bank censored warnings of collapse
Mr Browne's written statement was published by the banking inquiry this afternoon.
11/03/2015
Providers tell FCA their annuity data is incorrect
The breakdown states that six people have used third way products between £30,001 and £50,000
11/03/2015
FCA urges advisers to be clear about capacity for loss
Percival has previously said that advisers should question clients’ investment knowledge and experience when assessing their risk profile
11/03/2015
BNP Paribas ‘wet ink’ slip-up leads to US$650m suit
The French lender’s failure to follow local regulations resulted in a costly lawsuit after the bank missed out on a crucial procedure in Saudi Arabia
11/03/2015
Hedge Fund Presses Vienna Prosecutor to Investigate UniCredit Execs
Move relates to Italian lender’s acquisition of Bank Austria
11/02/2015
The Cape Town Convention in the UK: Effective 1 November 2015
The UK has amended its existing insolvency laws by adopting Alternative A of Article XI of the Protocol
11/02/2015
Lloyds Bank scraps plan to sue RBS as part of RBSAG joint action
The Treasury is alleged to have been concerned that a high-profile legal spat between two partly state-owned banks would be “embarrassing” and interfere with its plans to return the banks to private ownership.
11/02/2015
Single family offices set to evolve under regulatory gaze
Regulators around the world are carefully scrutinising the sector with a view to bringing them under their oversight
11/02/2015
SBCI in negotiations with new funders
Two additional funding sources for the Strategic Banking Corporation of Ireland totalling about €450m could be unveiled within months
11/02/2015
Greek banking system needs €14.4bn after ECB finds capital black hole
European Central Bank finds shortfall in country's four biggest banks to be plugged before the end of the year
11/02/2015
Law Firm of the Year for Energy: CMS Hasche Sigle again recognised by JUVE
The Law Firm of the Year award is well-earned recognition of the hard work and professionalism of the 30 specialists that make up our team
11/02/2015
Five WFW partners listed as leadings lawyers by Best Lawyers in Spain
The results demonstrate the firm’s commitment to its key sectors
11/02/2015
WFW’s expansion of Corporate practice continues with industry expert partner hire
He has also advised on projects in Europe, the Middle East, Africa and extensively throughout Asia-Pacific, particularly Mongolia.
10/30/2015
CMS advises Allianz Real Estate Germany on acquisition of "Haus an der Wien"
The purchase price was around EUR 94 million.
10/30/2015
Deutsche Boerse steals march on London with new China venture
China's foreign exchange operator will establish a 50-50 joint venture with Deutsche Boerse, and the German exchange will also establish a three-way venture with the Shanghai Stock Exchange and China Financial Futures Exchange.