03/27/2014
FCA bans and fines trader £660k for attempted QE manipulation
He increased his holding in the run-up to the trading with the intention of raising its price
Legal, Regulation & Compliance
03/27/2014
FCA praises independents for putting their customers first
Advisers are doing a “very good job” filling the gap left by large retail banks, which have largely pulled out of the advisory market, Clive Adamson has said.
03/27/2014
Review of IORP Directive – where are we? - Towers Watson
After a five and a half year gestation, ‘IORP II’ was finally published in March 2014.
03/26/2014
Structured Finance Lawyer To Join Latham & Watkins in London
Latham & Watkins LLP is pleased to announce that Lucy Oddy will be joining the firm’s London office as a partner in the Finance Department.
03/26/2014
Shoosmiths’ Private Client team win at Scottish Legal awards 2014
Competition was particularly fierce and saw the highest number of entries in the 11 year history of the awards. The finalists came from 33 different firms across Scotland, with 61 entries making the shortlist in various categories.
03/26/2014
Making competition king – the rise of behavioural economics at the FCA by Martin Wheatley
Speech by Martin Wheatley, Chief Executive, the FCA, at the Australian Securities and Investments Commission (ASIC). This is the text of the speech as drafted, which may differ from the delivered version.
03/26/2014
Santander UK fined £12.4m for widespread investment advice failings
Santander has claimed no customers suffered detriment as a result of its advice
03/26/2014
Albemarle & Bond collapses into administration
Pawnbroker ruined by reckless expansion and the fall in the gold price calls in PriceWaterhouseCoopers
03/26/2014
UBS Suspends FX Traders in New York, Zurich and Singapore
UBS AG suspended foreign-exchange traders in the U.S., Singapore and Switzerland as its investigation into the alleged rigging of currency markets widened.
03/25/2014
Lloyds caught in new PPI storm: Taxpayer-backed bank saved tens of millions of pounds by wrongly cutting compensation to customers
One of Britain’s biggest banks has cost victims of the payment protection insurance scandal tens of millions of pounds by wrongly cutting their compensation awards
03/25/2014
Wolters Kluwer Financial Services Highlight Six Lessons Learned from the FCAs First Year
Record-Breaking Financial Penalties Exposes Need for Conduct Risk Framework and Clearer Understanding of FCA Expectations within Businesses
03/25/2014
Hedge-Fund Divorce To Be Heard In London
Tan argued that the British had no jurisdiction over the 15-year-long marriage
03/25/2014
Regulatory outsourcing service launched for foreign hedge funds in Europe
Sturgeon was the first regulatory incubator in the institutional space in the UK and we are leading the way once again by offering a full AIF service in Europe
03/25/2014
Germany's Bundesbank opens door to QE in Europe
The European Central Bank could buy loans and other assets from banks to help support the euro zone economy
03/25/2014
ECB tested as push-back against bank review rules begins
The European Central Bank’s determination to subject the euro zone’s largest banks to the same, rigorous checks is being tested, with countries lobbying for their banks to be treated differently and lenders asking for their workload to be ease
03/24/2014
Fraudsters in fake uniforms target clients of Britain’s oldest bank
C Hoare & Co has alerted customers to the ploy and urged them to tighten security as it strengthens its own defences.
03/24/2014
Contenders emerge to take Freshfields London corporate crown
Freshfields Bruckhaus Deringer has is about to kickstart the hunt for a London corproate head with former Asia managing partner Simon Marchant and deal-maker Julian Makin emerging as early frontrunners.
03/24/2014
Bonuses are back: Will they ever learn?
Will bankers never learn? Not commercial bankers who played a major role in wrecking the economy, this time the regulators are embarking on the slippery path of greed and promises of a honey pot of bonus payments.
03/24/2014
Risk ratings – how can clients be sure of what they’re getting?
Regulatory pressures on advisers to ensure investment recommendations are suitable for clients, particularly from a risk point of view, has resulted in a number of risk-rated, risk-targeted and risk-managed solutions appearing on the market.
03/24/2014
Guernsey And AIFMD: Offering The Best Of Both Worlds
Fiona Le Poidevin explains why Guernsey provides an excellent platform for AIFMD compliant investments in Europe with all the options available to a financial centre outside the EU.