03/24/2015
Broader SIFI designation has managers scrambling
Say latest plan could result in higher costs
Legal, Regulation & Compliance
03/24/2015
FCA to examine asset management fees, pensions
The Financial Conduct Authority has set out the key areas of work it will undertake in the forthcoming financial year with the publication of its Business Plan for 2015/16
03/24/2015
Elian launches Funds Compliance Services to overcome clients’ regulatory demands
In anticipation of fast-changing developments in Jersey’s regulatory environment and the sharper emphasis on corporate governance, Elian has launched a comprehensive suite of professional compliance services that will significantly reduce clients&rs
03/24/2015
Royal Court of Jersey confirms existence of Trustee’s equitable lien
A former trustee’s equitable lien is separate from any contractual right to an indemnity a former trustee may have under a deed of retirement of trustees.
03/24/2015
British banking body calls for supervision of tech challengers
A report by the BBA and management consultants Accenture said that the digital revolution will be as much of a challenge for regulators as for banks.
03/23/2015
UK court asks Pak to pay 150,000 pounds to India as legal fee
In a setback to Pakistan, a UK court has directed it to pay 150,000 pounds to India as legal fees in the 67-year-old Hyderabad Funds case involving the Nizam's money.
03/23/2015
Revolving doors: Eversheds, Reed Smith and Gibson Dunn all make key hires
Both LB100 and Global 100 firms made senior appointments last week, bringing in both management and former management to bolster teams.
03/23/2015
Former ABN Amro executives claim $18m from RBS
Former ABN Amro Australia chief executive Angus James has won a legal case against the Royal Bank of Scotland for $2.9 million
03/23/2015
Midland law firm launches taxation team
Midland law firm has launched its new-look taxation department as part of its private client offering
03/20/2015
Blackburn businessman locks horns over £4.6m from failed Dubai deal
A Judge has ruled that three ‘rag trade’ bosses cannot reclaim around £4.6million from a Blackburn chemist-turned-property investor over a failed paradise island deal
03/20/2015
KBC discloses new ECB capital and liquidity requirements
KBC has been informed by the European Central Bank of its decision establishing prudential requirements, which sets the following minimum requirements for capital and liquidity for the KBC group and its main banking entities
03/20/2015
FCA bans and fines two individuals for pension advice failings
TMI provided advice to customers on transferring their existing pension funds into unregulated investments
03/20/2015
Operation Tabernula: The story of the biggest insider trading investigation in UK history
The dawn raids, furtive City pub meetings and evidence of lavish gifts that led to Julian Rifat, Graeme Shelley and Paul Milsom being sentenced for insider trading
03/20/2015
BlackRock hit with record German fine
German financial watchdog BaFin on Friday slapped a record fine of €3.25 million ($US3.5 million) on BlackRock Inc for misrepresenting its stakes in almost 50 of the country's largest companies over several years
03/20/2015
Banks regulated by Bank of England receive £8m rebate on watchdog fees
Prudential Regulatory Authority levied fines last year and part of rebate to other banks will be paid out of penalties
03/20/2015
Credit Suisse Faces Italy Suit, Probe as Litigation Persists
Italian authorities are probing allegations of “unauthorized exercise of financial activity” and related offenses, according to the annual report.
03/19/2015
Eversheds appoints leading consumer finance expert
She also has considerable experience in advising clients on the regulatory aspects of transactions
03/19/2015
Global law firm appoints first international managing partner
Since 2008-09, the firm’s revenue from international offices has grown 41%. At the same time, non-UK based partner numbers have grown by 195%.
03/19/2015
The Budget that wasn't - Withers
The Budget that wasn't Much was expected of George Osborne when he got to his feet today to reveal the details of a hotly anticipated Budget - would it be an election giveaway, a vote winner, a last hurrah or preparation for another five years? Wel
03/19/2015
Execution of Guarantees - Fieldfisher
Seeking to enforce and make demand under a personal guarantee can be a minefield and we have previously written on the execution requirements of a guarantee and the importance of the guarantor obtaining independent legal advice: please see our briefing pa