02/23/2015
Alexander Granovsky faces Israel lawsuit over bank debt
To this end, the bank has hired the services of Adv. Alon Pomeranc, head of the litigation department at the firm of Lipa Meir & Co.
Legal, Regulation & Compliance
02/23/2015
Eversheds comment: New UK NED regulations could help prevent next financial crisis
To the extent that the new measures can, in fact, prevent the next financial crisis, they should benefit the stability of the financial system.
02/22/2015
American international law firm Shortlisted for Financial News Awards for Excellence
The winners will be announced at a gala dinner in London on April 22.
02/22/2015
Financiers eager to make allowances for the European Banking Authority Simon Goodley
The regulator is in favour of the EU bonus cap. The banks have devised quite an obvious stratagem to defeat it. Your move, EBA
02/22/2015
Regulatory 'attestations' could be required of bankers
It's a word that managers in Australia's banks may not be familiar with, but should be: attestation.
02/20/2015
Swiss raid HSBC over laundering allegations
Swiss authorities Wednesday raided the offices of British banking giant HSBC’s Swiss unit as part of a money laundering probe into the bank that has been accused of helping clients dodge millions of dollars in taxes
02/20/2015
Deutsche Bank Fined $857,000 in South Africa for Rules Breaches
Deutsche Bank AG was fined 10 million rand ($857,000) by South Africa’s banking regulator for failure to comply with rules covering the detection of property linked to terrorism and other crimes.
02/20/2015
Helping Asian fund managers navigate through Europe
AIFMD has caused Asian fund managers to be more cautious about seeking investment from Europe but Guernsey helps provide a solution
02/20/2015
Russian watchdog challenges $25m deposit in Sergei Pugachev case
The Russian state body battling Sergei Pugachev, the exiled oligarch once known as the “Kremlin’s banker”, in a $2bn legal case is claiming the collapse of the rouble has left it too poor to make a court security deposit.
02/20/2015
Crestbridge report examines key AIFMD issues
Risk management, cost and changes in fund structuring are the key issues for managers and investors arising from the initial impact of the Alternative Investment Fund Managers Directive (AIFMD)
02/19/2015
Scots law firm sued after £400m hedge fund collapse
One of Scotland's biggest law firms is being sued after the collapse of a £400m hedge fund at the centre of a major police fraud probe.
02/19/2015
Discussion on the use of dealing commission - FCA
Dealing commission – the charges paid by consumers when investment managers execute trades and acquire external research on their behalf – is worth around £3 billion a year.
02/19/2015
FCA to investigate competition in investment and corporate banking services following review of wholesale markets
During the wholesale sector review the FCA met with around 70 organisations and individuals
02/19/2015
High Court finds in favour of Grant Thornton in Barclays negligence dispute
The dispute arose after Barclays relied on two non-statutory audits carried out by Grant Thornton for the Von Essen Hotels Group (VEH) in 2006 and 2007 in continuing to fund VEH under a £250m loan facility.
02/19/2015
ESMA Publishes Technical Advice on New EU Market Abuse Regime
On February 3, the European Securities and Markets Authority published its final report to the European Commission with technical advice on possible new secondary legislation under the European Union’s Market Abuse Regulation.
02/18/2015
EEA life fund investors to take action against FCA
Investors in the EEA Life Settlements Fund are pushing for compensation from the FCA after reaching £60m in claims
02/18/2015
Bank of Portugal, Goldman gear up for legal battle over bank loan
The Bank of Portugal on Tuesday stuck to a decision to keep a loan linked to Goldman Sachs in a “bad bank” carved out after the rescue of Banco Espirito Santo
02/18/2015
Onus on banks to shed narrow approach, BNP chief says
Coming as HSBC faces a political controversy over allegations that its Swiss private bank helped thousands of clients to evade taxes for many years
02/18/2015
Bristol legal costs specialists Paragon Cost Solutions enjoys rapid growth
A firm of legal costs specialists, which began life with just one client less than four years ago, now employs more than 20 people at offices in The Counterslip.
02/18/2015
Overseas businesses baulk at UK’s bank requirements
Opening an account has become arduous with even physical verification being required