10/09/2014
Hold Britain’s banks to higher standards
New rules on personal accountability are tough but necessary
Legal, Regulation & Compliance
10/09/2014
Former Bankia Chairman Rodrigo Rato Is Accused of Misusing Company Credit Cards
The former chairman, Rodrigo Rato, also a former head of the International Monetary Fund and still a prominent business figure in Spain, was subpoenaed on Wednesday along with his predecessor at the bank, Miguel Blesa.
10/09/2014
FCA fines and bans former stockbroker bosses
They recklessly relied upon the existence of an undocumented and opaque offshore facility in order to correct a deficit
10/09/2014
Deutsche Bank joins bonus backlash
Deutsche Bank has announced it will be withholding millions of euros worth of bonuses as part of a management-led change to the culture at the bank.
10/08/2014
UK’s new finance regulations face their first big test in crowdfunding
As the new regime comes into force this month, the alternative finance sector is still debating whether the Financial Conduct Authority has legitimised a market worth almost £1bn last year, or taken the crowd out of crowdfunding.
10/08/2014
Legal 500 rankings – Guernsey
The rankings are compiled from feedback from 250,000 in-house peers and access to law firms
10/08/2014
British banker admits Libor fraud conspiracy
A senior banker at a leading British lender has become the first person to plead guilty to UK charges linked to a global inquiry into the alleged rigging of benchmark Libor interest rates, a scandal that has shredded faith in financial services.
10/08/2014
Bank of England announces proposals to strengthen the financial system through structural reform
The Bank of England has published four papers that propose changes to improve the resilience and resolvability of deposit-takers and reduce the disruption to customers and the system if a deposit-taker or insurer fails.
10/08/2014
Isle of Man Regulatory Update | October 2014 | Appleby
Offshore Legal, Fiduciary & Administration News
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.
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