10/08/2014
Clearing getter clearer
ESMA published two documents on 1 October 2014 as the implementation of mandatory clearing of certain over-the-counter (OTC) derivatives gathers pace.
Legal, Regulation & Compliance
10/07/2014
Crooked City bankers are no longer safe
Lloyds Bank last week fired eight employees for their part in the manipulation of London’s benchmark interest rate (LIBOR), and forced them to forfeit £3 million in bonuses.
10/07/2014
Eversheds ranked in Global Elite Law Firm Brand Index
Law firm Eversheds has been ranked at number 14 in Acritas’ Global Elite Law Firm Brand Index 2014.
10/07/2014
IMF wants tougher bond pacts to avoid Argentina-style default rows
This follows a ruling by a U.S. court that two hedge funds not party to Argentina's debt restructuring were entitled to full payment. The decision put Argentina in default because it refused to pay the funds.
10/07/2014
Wragge Lawrence Graham & Co welcomes new operations director
Our immediate priorities are to retain and grow our client relationships, fully integrate our two businesses and improve profitability and business efficiency.
10/07/2014
Will the guidance guarantee undermine regulated advice?
The guidance guarantee threatens to become a “new tier of advice badged as guidance” and will “fly in the face" of the complexities of retirement planning carried out by regulated advisers, an independent wealth manager warned. Do a
10/07/2014
U.S., UK regulators want quick Deutsche Bank Libor settlement: reports
U.S. and UK regulators are pushing to settle the Deutsche Bank AG (DBKGn.DE) Libor case quickly and hope to extract major penalties, although a conclusion is unlikely before 2015, The Wall Street Journal reported, citing unidentified sources.
10/07/2014
Carey Olsen advises on first foundation to migrate to Guernsey
Carey Olsen prepared the migration application for submission to the Registry and advised Lloyds on the foundation's new charter
10/07/2014
Legal 500 rankings – Jersey
Firms are then ranked in tiers, with Tier 1 being the highest recognition.
10/06/2014
Banks increase efforts to stay on right side of law
If there was any doubt in bank executives’ minds about the perils of falling foul of US sanctions, it was decisively scotched on Monday, June 30.
10/06/2014
Russia Proposes Monetary Penalties for Bitcoin Use and Promotion
The Ministry of Finance of the Russian Federation has released the full version of the draft bill that, if passed in current form, would effectively ban the creation and distribution of software that allows for the use of money substitutes, including bitc
10/06/2014
No room for complacency in AIFMD challenge The costs of running local
“What’s to come is unsure. In delay there lies no plenty”. The Fool in Shakespeare’s comedy Twelfth Night may have been referring to affairs of the heart but his message was universal: don’t delay because you never know what
10/06/2014
‘Closet index trackers’ must be outed, regulators urged
Fund managers charging high fees for active management while effectively following much cheaper passive strategies must be exposed, UK and European financial regulators have been urged.
10/06/2014
UK banks get Jan. 6 deadline to submit ringfencing plans
Britain is introducing new rules that will throw a protective boundary around domestic high street banking in an effort to protect taxpayers from having to bail out losses made in riskier parts of investment banking.
10/06/2014
Pension funds fear hedging clampdown in Austria
If a derivative cannot be designated as a hedge, it is included at its gross market value
10/06/2014
Corporate misconduct must no longer be tolerated
Integrity has to be put back at the heart of businesses.
10/05/2014
Swiss authorities give France documents on 300 UBS customers - SonntagsZeitung
The delivery of the documents was made possible by a revision to the Swiss Tax Administrative Assistance Act that came into force on Aug. 1
10/05/2014
Lending to Limited Partnerships against Capital Calls By Andrew Evans & Philip Abbott
Private equity funds requiring money for investments frequently turn to lenders to bridge the gap between the date when the investment needs to be made and the date of the next scheduled capital call on its limited partners.
10/03/2014
Swindon’s top law firms and their high-flying legal eagles named in respected guide
Swindon law firms Thrings and Withy King are today named as ‘regional heavyweights’ in the latest Legal 500, the annual guide that identifies the UK’s best-performing legal firms and individuals.
10/03/2014
German Lawmakers Criticize ECB Bond-Buying Program
Earlier Thursday, ECB President Mario Draghi said the bank will start buying covered bonds later this month, and bundles of bank loans known as asset-backed securities during the final three months of the year.