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
Legal, Regulation & Compliance
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
03/19/2015
Digital due-diligence platforms explored at Jersey Finance debate
Jersey’s ambitions to position itself as a leading FinTech jurisdiction and how digital innovation could assist Jersey’s finance industry with growing due diligence obligations formed the focus of an event hosted by Jersey Finance recently.
03/19/2015
Carey Olsen launches celebrity charity dinner
Mr Smith also regularly appears on BBC Saturday Kitchen and is listed in Debrett's 500 2015
03/19/2015
Prestigious peer recognition for JT’s Head of Legal
It was a great honour to be nominated for this prestigious award which acknowledges the work of in-house legal departments
03/19/2015
UK's Plans to Regulate Bitcoin Revealed in Treasury Report
The announcement is the government's first major attempt to grapple with the regulatory and consumer safety issues surrounding digital currencies
03/19/2015
ESMA to Member States: You’re Not Doing Enough Re: MiFiD
By way of background, MiFiD addresses best execution in two Articles, 21 and 44.
03/19/2015
High regulatory costs here to stay, senior figures warn
High regulatory costs are apparently here to stay
03/19/2015
European Regulators Focus on Automated Trading Ahead of MiFID II
ESMA reviewed how the thirty financial authorities across the EU have implemented its guidelines on automated trading into their day-to-day supervision of trading platforms. The guidelines set out systems and controls requirements for investment firms and
03/18/2015
Beneficiary Held To Be Liable To A Penalty For Inaccurate Inheritance Tax Declaration
This penalty was introduced by the Finance Act 2007.
03/18/2015
‘We have to find our own place’: Mishcon de Reya kicks off strategy review as it looks for 10-year plan
After surpassing revenue targets two years early last summer, high-flying City firm Mishcon de Reya has kick-started the process for its firmwide strategy review and is currently interviewing external consultants to help shape its vision.
03/18/2015
Citigroup, Barclays Close to Settling Forex Lawsuit With Private Investors
Two banks expected to pay as much as a combined $800 million to settle lawsuit
03/18/2015
Northern law firms show efficiency in revenues against their regional counterparts
Northern law firms showed strength in fees generated per earner as a new report suggests real growth has returned