08/03/2014
Entrepreneur seeks £370m in damages from FCA
He told Scotland on Sunday that the firm had almost £3 billion of assets under management
Legal, Regulation & Compliance
08/03/2014
Sebi signs MoU on alternative investment funds with 27 EU regulators
The text of the MoU was finalized by SEBI and the European Securities and Markets Authority
08/03/2014
Maitland shortlisted for Best Fund Service Provider award!
These awards form part of Investment Week’s Fund Management Summit
08/03/2014
Bafin intensifies Libor probe at Deutsche Bank -Spiegel
German regulators have intensified investigations into Deutsche Bank in an effort to resolve a long-running, industry-wide investigation into possible efforts to manipulate benchmark interest rates
08/01/2014
Companies (Jersey) Law 1991 - Significant Upcoming Amendments
Amendment 11 was approved by Privy Council on 16 July 2014. It was registered in the Royal Court on 25 July 2014 and came into force on 1 August 2014.
08/01/2014
Asset managers dodge 'systemic risk' regulatory bullet
Asset managers have dodged a regulatory bullet following a decision by US authorities’ that they do not pose a ‘systemic risk’ to the global financial system.
08/01/2014
Dentons appoints White & Case EMEA strategic head as European COO
Dentons has hired White & Case’s EMEA director of strategic projects Richard Singer as its new European chief operating officer (COO).
08/01/2014
Clifford Chance new leadership sees both finance and capital markets heads replaced
Clifford Chance managing partner Matthew Layton has appointed a new-look executive leadership group to replace its management committee following a dramatic overhaul earlier this month.
08/01/2014
Eversheds comment: SEPA becomes fully operational in all eurozone countries
The European Commission’s view is that electronic payments in the Euro area should now be as easy as cash payments and it envisages that SEPA will greatly facilitate euro payments for citizens and businesses and increase competition between banks.
07/31/2014
High Court delivers landmark ruling on staff poaching in broker row
Sunrise agreed to reduce his notice to six months followed by a further six month restrictive covenant
07/31/2014
Sidley Austin and Linklaters lead on Bank of Cyprus €1bn capital raise
Sidley acted as international legal counsel to the Bank as it raised the mammoth sum through a private placement, which includes international fund managers led by US billionaire Wilbur Ross and the European Bank for Reconstruction and Development.
07/31/2014
FCA finds firms fail to deliver best execution
Retail and professional clients are being failed by firms that don’t properly apply the rules on best execution when trading on their behalf, according to a review by the Financial Conduct Authority.
07/31/2014
EU watchdog gives warns banks on retailing CoCos
Banks are under regulatory pressure to issue so-called contingent convertible bonds (CoCos) that can be converted to equity in a crisis to help provide a capital cushion and avoid calling on taxpayer help.
07/30/2014
Brodies, Eversheds, Norton Rose Fulbright lose out as Clydesdale cuts panel
A group of six firms including Eversheds, Harper Macleod and Norton Rose Fulbright have lost their places on the combined Clydesdale Bank and Yorkshire Bank national panel.
07/30/2014
Fortis successor Ageas must compensate misled shareholders -court
The court did not say how much Fortis should pay.
07/30/2014
Boiler room conspirator ordered to pay £109k
All defendants were found guilty of conspiracy to defraud apart from Coleman who pleaded guilty to three counts of money laundering.
07/30/2014
Financial Incentives for Whistleblowers - FCA
This note sets out our agreed conclusions.
07/30/2014
Banking Regulators want bankers to accept criminal liability under new plans
Main City watchdogs want a new licensing regime for bankers, which could also see bonuses deferred by up to seven years
07/30/2014
U.K. Ban Upheld on Hedge Fund Manager Alberto Micalizzi
Mr. Micalizzi was chief executive of hedge fund firm Dynamic Decisions Capital Management Ltd. and ran hedge fund DD Growth Premium Master Fund
07/29/2014
European Central Bank’s opaque-asset review seen aimed at Deutsche Bank
As part of its review of 128 lenders, the European Central Bank is studying lessactively traded loans