02/28/2014
MiFID II forces firms to reveal total cost of investments
Long-awaited European Union regulation designed to protect UK investors and requiring investment companies to disclose the total cost of investments has come into force.
Legal, Regulation & Compliance
02/27/2014
Tunbridge Wells former Barclays banker Peter Johnson faces fraud charge
A former Barclays banker from Tunbridge Wells, accused of trying to manipulate Libor rates, appeared in court today.
02/27/2014
Foreign banks could be banned from City
Bank of England sets out a series of requirements for non-EU banks wishing to do business in the UK
02/27/2014
Gibraltar’s financial services centre rebrands, restructures
The overhaul of the Gibraltar government’s financial services framework has been taking place without much fanfare or notice, apart from occasional, seemingly unrelated announcements that have received little coverage outside Gibraltar and southern
02/27/2014
FCA Bans Former CIB Partners CEO
"lacked integrity" by giving the impression that SLS Capital bonds were soundly backed assets when he had concerns about their viability.
02/27/2014
FSCS delays £30m interim levy for investment advisers
The Financial Services Compensation Scheme has announced it will no longer raise a £30m interim levy on investment intermediaries before the end of this financial year.
02/27/2014
Solicitor jailed for six years for 'spectacular' mortgage fraud
The offences took place between 1997 and 2001.
02/27/2014
Libor Fixing Scandal: FCA Issues Warning Notice to Third Banker
The Financial Conduct Authority has issued its third Warning Notice Statement in under a month to another banker who it believes conspired to rig one of the world's most important interbank lending rates
02/26/2014
Frequently asked questions on Basel III monitoring
This document provides answers to technical and interpretive questions raised by supervisors and banks during the Committee’s Basel III monitoring. The document intends to facilitate the completion of the monitoring questionnaire and is not to be co
02/26/2014
Bank of England approach to supervising international banks
The Bank of England has published a Consultation Paper on its approach to supervising international banks.
02/26/2014
Sidley considers closing Frankfurt office
Sidley Austin has put its Frankfurt office under review after a spate of partner exits left the base with a handful of lawyers and just one partner.
02/26/2014
XCM UK Reaches Settlement with the FCA for Trade Execution Practices
FXCM UK also failed to tell the FCA that the US authorities were investigating another part of the FXCM Group for the same misconduct.
02/25/2014
Global law firm makes two senior appointments in the Middle East
I am proud to announce their appointments and I look forward to continuing working alongside them as Eversheds carves out an even stronger presence across the Middle East."
02/25/2014
Concerns raised over Germany's Audi, BMW lending cars to EU
Some European politicians and transparency campaigners have raised concerns about German luxury carmakers Audi and BMW providing free cars to EU member states while negotiations were under way over strict new emissions targets.
02/25/2014
100 Mln Euros Collected by Greek Tax Controls, a Drop in the Ocean
The 100 million euros that the Greek public sector has managed to gather from controls in cases of large fraud and specifically from remittances to foreign banks and to off shore companies, seems to be like a drop in the ocean of debts.
02/25/2014
Libor Traders Said to Face U.K. FCA Fines of Up to $4.2 Million
Libor traders face fines of as much as 2.5 million pounds by the U.K. markets regulator for misconduct in relation to the interest rate benchmark
02/25/2014
Bird & Bird secures position on list of "World's Best Outsourcing Advisors" for 2014
The IAOP is the global, standard-setting association and advocate for outsourcing professionals and the organizations they support.
02/25/2014
Deferred Prosecution Agreements - Withers
Essentially, although the organisation will not be pleading guilty to an offence, it will be admitting its wrongdoing and will receive a fine from the judge but will avoid criminal prosecution.
02/25/2014
JPMAM unveils performance tool for Lanning's multi-manager range
JP Morgan Asset Management has launched an online tool that enables advisers to create tailored reports of underlying portfolio holdings and performance contributions on its fund of funds range.
02/25/2014
Prosecutors from UK’s CPS sent to Dubai, Spain to recover criminal assets
The UK’s Crown Prosecution Service is to base two specialist prosecutors in Spain and the United Arab Emirates to recover the assets of British criminals.