06/19/2015
HSBC commission meets UBS whistleblower in Paris
Members of the congressional bicameral commission investigating HSBC supposed illegal scheme to help Argentines evade taxes started their activities in Paris yesterday
Legal, Regulation & Compliance
06/19/2015
Ex-BNP Executive Sues Bank After Leaving Amid Lawsky Probe
BNP Paribas SA was sued for unfair dismissal by a former executive caught up in a probe of dollar-clearing operations that led to a record fine against the bank.
06/19/2015
Maltese shell company helped launder millions in embezzled Spanish public funds
A Malta-based shell company was used by a Spanish embezzler arrested last week after five years on the run to help siphon off millions of public funds through a publicly-owned wastewater treatment company which operated in and around the city of Valencia.
06/19/2015
Baron Rothschild indicted in France over fraud case
French police have been told by a judge in Paris to track down the wealthy scion
06/19/2015
International law firm makes further lateral hires in London, expands Financial Services Group
Their understanding of the internal workings of these major financial institutions will be of considerable strategic benefit to our clients in this sector.
06/19/2015
EU agrees rules to curb bank trading risks
Talks will now start with the European Parliament on the final version of the law, with further changes possible.
06/19/2015
Olswang Berlin partners split off to set up boutique
TMT - at core of firm
06/18/2015
The great Moldovan bank robbery
It's a mystery that's thrown Europe's poorest nation into deep crisis - $1bn has vanished from three of Moldova's leading banks, much of it passing through UK companies.
06/18/2015
HSBC, Goldman, Barclays, BNP in Talks to Resolve Forex S
Investors claiming banks manipulated foreign exchange rates are “hopeful” of reaching a settlement within 30 days in their cases against HSBC Holdings Plc, Barclays Plc, Goldman Sachs Group Inc. and BNP Paribas SA, according to their lawyer.
06/18/2015
Swiss Private Bank Named in FIFA Indictment Opens Investigation
Swiss private bank says it is investigating its involvement in a FIFA corruption case and is cooperating with authorities.
06/17/2015
Top EU court backs ECB's bond-buying scheme
The EU Treaties permit the (ECB) to adopt a programme such as the OMT programme.
06/17/2015
International law firm breaks into growing legal product market with start-up tool targeting hedge funds
The resource has been created by a dedicated team within the firm’s award-winning hedge fund practice.
06/17/2015
You’ve Been Warned: Central Bankers Turning Less Market-Friendly
But for those who track the world’s central banks, change is afoot
06/17/2015
Credible Deterrence In The Enforcement Of Securities Regulation
This paper reflects the collective experience and expertise of the member jurisdictions of IOSCO’s Committee 4 on Enforcement and the Exchange of Information.
06/17/2015
IOSCO: Meeting the Challenges of a New Financial World
IOSCO’s private meetings preceded public sessions focusing on the theme of Building a New Financial World
06/17/2015
IOSCO publishes report on credible deterrence approaches in securities market regulation
The International Organization of Securities Commissions has published the report Credible Deterrence, which identifies key enforcement factors that may deter misconduct in international
06/17/2015
Barclays, Citi, JPMorgan Face Korea Forex Probe in South Korea
The probe into the manipulation of foreign-exchange rates is spreading beyond the U.S. and Europe.
06/17/2015
City watchdog slaps near £5m fine on Indonesian coal miner
The FCA found that ARM committed serious breaches of Listing Principle 2, Listing Rules 8 and 11 and Disclosure and Transparency Rule (DTR) 4 in the period 28 June 2011 to 19 July 2013.
06/16/2015
JPMorgan, HSBC Said to Meet EU Accusers in Euribor-Probe Hearing by Gaspard Sebag
JPMorgan Chase & Co., HSBC Holdings Plc and Credit Agricole SA will come face to face with the European Union antitrust officials who accused them of rigging the Euribor benchmark at hearings this week.
06/16/2015
German banks file suit against Austria's Heta
A group of German public sector banks are suing Austrian "bad bank" Heta Asset Management for a total 218 million euros ($245.36 million), a spokesman for NordLB said on Monday, confirming an earlier report by Handelsblatt daily.