05/23/2014
Global law firm adds payments and financial services partner in London
He will join the firm from Hogan Lovells
Legal, Regulation & Compliance
05/23/2014
Barclays fined £26m for failings surrounding the London Gold Fixing
The Financial Conduct Authority (FCA) has fined Barclays Bank Plc (Barclays) £26,033,500 for failing to adequately manage conflicts of interest between itself and its customers as well as systems and controls failings, in relation to the Gold Fixing
05/23/2014
Germany's Schäuble opposes ECB's OMT bond-buying program
Wolfgang Schäuble, German finance minister, on Wednesday expressed opposition to future ECB sovereign bond-buying that is part of the OMT program.
05/22/2014
Pair of Commerzbank traders suspended over forex abuses
It is understood that Commerzbank’s compliance procedures picked up the failed attempt to alter an order in January, and suspended the trader in February.
05/22/2014
JPMorgan, HSBC, Credit Agricole Charged by the EU
On Tuesday, in a latest move in their 2-year investigation, the European Union antitrust officials charged 3 more banks over collusion for manipulation of benchmark interest rates tied to the Euro
05/22/2014
Hedge Fund Sues McKesson Over Celesio Deal
Magnetar cites German law requiring all shareholders and bondholders to receive equal treatment in a takeover
05/22/2014
Markets Brace for Change as EU Unveils 800-Page Rule Book
Europe’s capital markets are getting a new foundation
05/22/2014
Belgium, EU near end to talks on Dexia, may avert new bailout -sources
Belgian officials could soon conclude talks with EU and euro zone financial regulators that might see France and Belgium avoid having to pour more public money into crippled bank Dexia if it fails an EU stress test on its balance sheet.
05/21/2014
EU regulators to charge ICAP with benchmark rigging soon
European Union regulators plan to charge broker ICAP soon with rigging the yen Libor financial benchmark,
05/21/2014
Consumer Panel disappointed by increase in complaints
The new Banking Standards Review Council has its work cut out based on today's report from the Ombudsman
05/21/2014
Weil to lose ex-Linklaters star to Kirkland
He represents sponsors, financial institutions, funds and corporations on financings including leveraged finance, structured debt and restructurings.
05/21/2014
German watchdog sees disturbing evidence in forex probe
Eight financial firms have been fined billions of dollars for manipulating reference interest rates, and the probe into the largely unregulated $5.3 trillion-a-day foreign exchange market could prove even costlier.
05/21/2014
Lloyds sues RBS for £420m over 'misleading' rights issue
The bank has joined forces with the RBoS Shareholder Action Group.
05/21/2014
Revised conflicts of interest guidance published by The Charity Commission
The Charity Commission, the independent regulator of charities in England and Wales, has today published revised public guidance on conflicts of interest for charity trustees.
05/21/2014
EU watchdog to kick off biggest revamp of securities markets
The second round of a battle between banks and bourses kicks off this week when European Union regulators publish proposals for the biggest shake-up of the bloc's securities market in history to increase transparency and investor protection.
05/21/2014
Banned hedge fund manager arrested in Italy - prosecutors
Alberto Micalizzi, a former university professor and ex-hedge fund manager who was fined 3 million pounds in 2012 for concealing massive losses to investors, has been arrested in Italy, Milan prosecutors said on Wednesday.
05/20/2014
Ex-Rothschild Banker Says Hypo Was a ‘Fit’ for BayernLB
Seven former BayernLB executives are on trial over the purchase of Klagenfurt, Austria-based Hypo Alpe-Adria in 2007
05/20/2014
Britain's biggest banks to submit to annual progress reports in bid to restore public trust
Rebuilding confidence and trust in the banks is especially vital in the UK
05/20/2014
Ex-trader Jerome Kerviel turns himself in to French authorities
He was convicted of breach of trust, forgery and fraudulent data manipulation.
05/19/2014
Civil Penalty Shoot-Outs: Only Ever One Winner by Simon Harding, Appleby
Recent published decisions of the enforcement division of the UK Financial Conduct Authority (FCA) have provided for significant civil penalties against high profile financial institutions.