09/23/2014
EU Bank Stress Tests: Who Will Pass and Who Will Fail?
This year's tests are said to be the toughest the EBA has imposed to date
Legal, Regulation & Compliance
09/23/2014
Trader Mercuria gets on UK regulator list ahead of key purchase
Mercuria has become a rare trading house to be registered with the British financial regulator, weeks before it is expected to close a deal to buy Wall Street bank JPMorgan Chase & Co.'s commodities trading business.
09/23/2014
BBA urges Bank to exclude HNW clients from LTI cap
We have some serious concerns about what such legislation would mean for a small, but increasingly important part of our financial services industry – private banks and high net worth customers.
09/23/2014
Barclays fined £38 million for putting £16.5 billion of client assets at risk
Barclays Bank Plc has today been fined £37,745,000 by the Financial Conduct Authority for failing to properly protect clients’ custody assets worth £16.5 billion.
09/23/2014
CISI calls for whistleblo​wer financial hardship fund at SPEAK UP event
“Accordingly, we suggest that a financial hardship fund should be established, financed from fines imposed by the regulator, to provide comfort to potential whistleblowers that they will receive financial support where necessary.”
09/23/2014
German Prosecutors Charge Deutsche Bank Executive
Charges Relate to Legal Dispute With Heirs of Media Mogul Leo Kirch
09/21/2014
More Libor-manipulation charges likely
The U.K. Serious Fraud Office is readying more criminal charges this year against traders in its Libor-manipulation probe, according to people with knowledge of the matter.
09/21/2014
Russian oligarch's arrest a warning from Putin, says hedge fund boss
Kremlin move against Vladimir Yevtushenkov is warning against a palace coup to protect any tycoons' shrinking wealth, says Bill Browder
09/19/2014
International law firm appoints Head of EU and Competition Law
He specialises in EU and Competition law and EU litigation, and also practises EU trade law and EU energy law.
09/19/2014
Latham & Watkins loses six-lawyer finance team in Italy to Gattai Minoli
Italian firm Gattai Minoli & Partners has hired a finance team of six from Latham & Watkins in one of the biggest team moves in Italy this year.
09/19/2014
Germany says won't delay plans to isolate risky bank business
Germany's plans to isolate hedge-fund business from traditional banking may go further than European Union proposals currently under discussion
09/19/2014
Richard Sheldon joins Appleby in Guernsey
Richard practises in all areas of employment law including strategic advice, litigation and transactional support
09/19/2014
Swiss begin bankruptcy proceedings against Espirito Santo private bank
Recapitalising the bank through participation of the current shareholders is not possible, as the parent companies of the Espirito Santo Group are also insolvent
09/19/2014
European Commission's Lueder sets out strategy for asset management
Speaking in London at an event hosted by the insurance brokers JLT after a day spent in dialogue with the New City Initiative, a trade body representing owner-managed financial services firms, Lueder was keen to emphasise a shift in focus for the incoming
09/19/2014
MiFID II: The future of European trading in the balance by David Lawton, Director of Markets, FCA
Speech by David Lawton, Director of Markets, at the FCA MiFID II Conference 2014. This is the text of the speech as drafted, which may differ from the delivered version.
09/19/2014
FCA needs to help IFAs with compliance costs
In the factsheets, which were published earlier this month, the FCA said that advisers must review the platform they use
09/19/2014
Linklaters addresses total reward challenges
The challenges in offering a single total reward strategy’ will cover how total reward works as part of wider HR objectives, and the need to tailor total reward to an organisation’s workforce.
09/17/2014
Global law firm bulks up its banking practice with DLA Piper partner Conway
He spent six years at Goldman Sachs
09/17/2014
Cadwalader continues London capital markets spree
“It is a great strategic fit for us and represents a further build out of the practice in our core areas.”
09/17/2014
Barclays, HSBC and RBS among 13 banks facing fraud claims in US
Barclays, HSBC and bailed-out Royal Bank of Scotland are among 13 banks facing fraud allegations and a claim for $1.15bn (£700m) in damages in the US state of Virginia over the sale of mortgage bonds during the financial crisis.