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Legal, Regulation & Compliance

02/01/2016

Cameron hopes on Brexit deal rise after Tusk meeting

The European Commission has drafted texts confirming that the current situation in Britain justifies an “emergency brake”.

02/01/2016

AIMA calls for Regulatory Reforms to support Non-Bank Finance

AIMA makes the case that rules should allow greater asset managers’ participation in securitisations in order to support the supply of finance to small and medium-sized enterprises.

02/01/2016

Deloitte launches regulatory and investor reporting service

Business advisory firm Deloitte has launched a new service targeting investment managers, banks and insurance firms struggling to navigate the growing wave of complex marketing regulations and tax rules.

01/29/2016

Barclays has been hit with a lawsuit for nearly a £1bn

The bank said in a statement: “We believe the claim against Barclays is misconceived and without merit and Barclays will be vigorously defending it.”

01/29/2016

Finally! City regulators investigate former HBOS bosses

More than seven years after the collapse of HBOS, City regulators have begun an investigation into the failed bank's former bosses.

01/29/2016

France and Germany to Strengthen Control on Bitcoin

Due to the increase in the use of bitcoin in purchasing illicit goods on the dark web and hacking attacks

01/29/2016

Regulator responds to first EU-wide stress test

TPR's executive director for regulatory policy Andrew Warwick-Thompson said the flexibilities of UK pension schemes means they can respond to adverse market conditions.

01/29/2016

ESMA Consults On MAR Guidelines Regarding Market Soundings And Delayed Disclosure Of Inside Information

MAR strengthens the existing market abuse framework by extending its scope to new markets, platforms and trading behaviours.

01/29/2016

Belgian Government To Step Up Measures To Combat Bitcoin Money Laundering

The tax authorities have started investigating fraud cases involving bitcoin.

01/29/2016

Regulators want to check the robots before they're unleashed

Regulators across Europe are conducting reviews of the robo-advisory market.

01/29/2016

UK banks pay 2 billion pounds for mis-sold rate swaps, reviews complete

The compensation total includes 464 million pounds for so-called consequential losses, which set the clock back to the point before the products were sold and require banks to compensate beyond the direct losses that businesses have suffered.

01/28/2016

Senior Promotion In Dispute Resolution at Murray Beith Murray

Her main areas of practice include contractual disputes, property litigation and debt recovery.

01/28/2016

Where there’s a will, there’s William at leading law firm

Solicitor William Rowe has joined the firm as an associate.

01/27/2016

Two more banks’ licenses revoked in Azerbaijan

These banks couldn’t fulfil their obligations to creditors and didn’t manage their current activity reliably and prudentially

01/27/2016

European Commission Letter to ESMA on Application of AIFMD Passport

The Commission stated that with regard to the advice on granting the AIFMD passport to managers and funds established in third countries, it agrees that the country-by-country approach adopted by ESMA is correct.

01/27/2016

Bond Dealers Tell U.K. Debt Office Their Job Is More Onerous

Investors at the Tuesday gathering said the burden of regulation risks cutting liquidity and pushing up transaction costs

01/26/2016

Leading offshore law firm aooints new director

He has a loyal and growing following of clients who value his technical skills, his pragmatic approach and his super quick turnaround times.

01/26/2016

King & Wood Mallesons in Talks to Raise Capital in Europe, Review Finances

Fuller declined to comment on many specifics of the five-year plan, called “2020,” but said part of it would entail strengthening the firm’s European business, which he confirmed has struggled with some cash flow issues because of its &a

01/26/2016

UK Considers Allowing Iranian Banks to Resume Business in London

The Iranian banks are now working with regulators to get up to speed with new regulation such as capital requirements, risk management and governance, before restarting operations.

01/25/2016

Senior lawmaker urges UK banks to invest in IT to prevent failures

Britain's retail banks have been hit by a number of technology failures in recent years, causing inconvenience for hundreds of thousands of customers and prompting lawmakers to call for more investment in financial technology.

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