06/09/2014
Spanish court orders BoI to pay €116m over failed deal
Bank of Ireland must pay €103.5m compensation
Legal, Regulation & Compliance
06/09/2014
Thousands Lost Savings In £70m Boiler Room Scam
Two international share swindlers named in Mail on Sunday investigations are starting lengthy jail sentences after being convicted in the biggest ‘boiler room’ investment case ever brought by the Serious Fraud Office.
06/09/2014
Barclays' faces a £300m lawsuit from Amanda Staveley over Abu Dhabi deal
Barclays faces a £300million lawsuit from Amanda Staveley the hotshot deal maker who helped broker the bank’s emergency fundraising with Abu Dhabi investors during the financial crisis.
06/09/2014
Specialist hedge fund insurance broker warns Asset Managers of ‘Billion Dollar’ liability to Greek Bonds
A note from the Hellenic Ministry of Finance last month announced that any gains derived by non-resident owners of government and corporate bonds would have to be declared to the Greek tax authorities and would be subject to a tax rate of 33% for legal en
06/09/2014
ECB Headaches From BNP to Dexia Fester for Daniele Nouy
Daniele Nouy is coming face to face with the awkward side of Europe’s banking union.
06/09/2014
FCA fines Invesco Perpetual GBP18m for misleading derivatives disclosure
Invesco is also charged of various breaches of applicable investment limits and failing to put adequate controls in place to ensure that all funds were valued accurately and that all trades were allocated fairly between funds.
06/09/2014
Jersey hosts four day conference and seminar in partnership with the US Securities and Exchange Commission
The purpose of the conference is to encourage international co-operation between securities authorities in order to protect investors
06/06/2014
Italy's NCTM bolts on Rome TMT and finance boutique
While the firm has a focus on TMT and data protection, it also provides advice in other areas such as structured finance
06/05/2014
Regulating high frequency trading by Martin Wheatley, CEO, the FCA
Speech by Martin Wheatley, CEO, the FCA, at the Global Exchange and Brokerage Conference, New York. This is the text of the speech as drafted, which may differ from the delivered version.
06/05/2014
Guernsey responds to Queen’s Speech; seeks level playing field on beneficial ownership
Guernsey already regulates its corporate service providers who are required to keep records on beneficial ownership and so we believe that we are in many ways ahead of the curve.
06/05/2014
British Bank Regulators Pine to Win a Big Case
The email trail tends to dry up at middle management
06/04/2014
Chadbourne appoints new project finance lawyer in London
She is joining Chadbourne from KG Law Firm, Greece’s largest multidisciplinary law firm.
06/04/2014
Speechly Bircham Adivses FF&P Private Equity on its Investment in Ticketscript
The Speechlys team was led by head of private equity Malcolm MacDougall
06/04/2014
Sweden warns of complacency on banking risk
Regulators "have listened too much to banks and others who argue that if you try to do something like this we won’t be able to conduct a banking business
06/04/2014
France takes U.S. to task over BNP Paribas fine
If there is a an error or a violation then it's normal that there is a fine
06/04/2014
Former UBS Trader Adoboli Renews Bid to Appeal Conviction
He argued at trial that managers at Zurich-based UBS pushed him to take too many risks and that rule-breaking at the bank was rampant
06/04/2014
Osborne says wants to boost London markets' integrity
Britain will seek to boost the integrity of London's financial markets in response to a scandal in foreign exchange markets.
06/03/2014
Fund managers weigh global changes as FCA commissions rules take effect
Stringent new rules on the use of dealing commissions, introduced by the UK financial regulator, have forced fund managers to bolster their internal compliance systems and increase transparency on research costs, with some implementing global changes.
06/03/2014
Anti-corruption office requests criminal probe into ex-finmin's claims
Linic told the press on May 29 that his replacement was the result of a "media conspiracy"
06/03/2014
BNP Paribas Fine Violates International Law, Says Analyst
The expert in relations between Cuba and the United States recalled that when Barack Obama was running for president, he admitted a total failure of policy towards the Caribbean nation and promised to find a new direction.