12/15/2014
Netherlands Asks Bankers to Swear to God
I swear that I will endeavor to maintain and promote confidence in the financial sector
Legal, Regulation & Compliance
12/15/2014
Barclays sues over audit of hotel chain Von Essen
The lender is taking Grant Thornton to court over the collapsed hotelier's accounts
12/15/2014
Historic Law Firms Agree Merger
Law firm Hunters, which has a base in Towcester, is to merge with rival May, May & Merrimans from April next year.
12/15/2014
Wealth managers hit out over ‘crippling’ suitability requirements
Wealth management firms say they are being “crippled” by suitability requirements as the Financial Conduct Authority increases its scrutiny of the sector.
12/15/2014
FCA bans £43,000 fare dodger from working in financial services
Financial Conduct Authority says conduct of former Blackrock MD Jonathan Paul Burrows fell short of the standards expected in the City
12/15/2014
UCITS: Management Companies and Depositaries in the same group will have to evidence independence
ESMA has finalised its advice to the Commission on two aspects of the depositary provisions additional to AIFMD.
12/15/2014
Political agreement reached on the Regulation for European Long-Term Investment Funds
Political agreement was reached on a new brand of European closed-ended investment funds – commonly referred to as ELTIFs.
12/15/2014
Investment Trusts Lower Fees
The simplification and reduction in fee structures across the sector has been a marked trend in 2014 thanks to the competitive pressures from clean share classes
12/15/2014
EY launches multi-million pound claim against KPMG
KPMG has said that it will "vigorously defend" the action from its fellow Big Four member.
12/13/2014
Structuring management team incentives in France by King & Wood Mallesons
Private equity firms focus on alignment of economic incentives when they make investments, and that usually means that the portfolio company's management team has a hefty stake in the success of the enterprise.
12/13/2014
A Variable Outlook: Developments in Bankers’ Pay by King & Wood Mallesons
Financial sector feathers have been seriously ruffled by a succession of developments which arrived, like overdue buses, in a rapid sequence of three.
12/12/2014
Commerzbank US settlement set to top $1bn
Commerzbank is in talks to pay US authorities more than $1bn in fines to resolve allegations that the German bank broke anti-money laundering and sanctions laws — at least $400m more than previously thought.
12/12/2014
Global specialist law firm Elects 11 New Partners to the Firm
Global specialist law firm has announced that 11 lawyers have been newly elected as partners effective January 1, 2015.
12/12/2014
Real estate newsletter | December 2014 - Withers
Welcome to the latest issue of the Withers' real estate newsletter
12/12/2014
Important Update on Irish and EU Financial Services Developments - Maples and Calder
The Central Bank of Ireland ("CBI") has published an address by Mr. Gareth Murphy, Director of Markets Supervision (the "Director") at the recent Irish Funds Industry Association symposium in the UK.
12/11/2014
Thousands To Get Northern Rock Refunds
Representatives of the defunct high street lender lose a legal test case over compensation stemming from loan documents.
12/11/2014
PAC given a week to hand over Ansbacher tax dossier
The legal action comes after Sinn Fein deputy leader Mary Lou McDonald named six former ministers in the Dail under privilege, saying they were mentioned in the Ansbacher dossier.
12/11/2014
Volta Finance says process of admission on LSE is progressing well
The Board believes that this may also lead to the ability to raise fresh capital for the Company in the future
12/11/2014
Banks With Most Equity Penalized as Sweden Girds for TLAC
To protect its economy, Sweden three years ago began imposing on its banks some of Europe’s toughest capital requirements, including orders to fill buffers largely with equity.
12/11/2014
Swiss charge ex-HSBC staffer with industrial espionage
Switzerland has charged a former computer analyst at HSBC's private bank in Geneva with industrial espionage and breaching the country's secrecy laws for passing confidential client data to foreign authorities.