11/24/2013
Finance professionals say regulation not enough to stop a crisis
Only thirty-five out of the three hundred surveyed are said to be convinced that regulators have a grasp on how the crisis came about.
Legal, Regulation & Compliance
11/23/2013
Glasgow Based Investment Banker Convicted of Stealing More Than £400,000 From Clients' Accounts
George Kalmar will be sentenced on Tuesday after he was convicted at Glasgow Sheriff Court of pocketing the cash and spending it on women, gems and five-star benders.
11/21/2013
Barclays to launch summary judgment application in Dewey & LeBoeuf court battle
The bank has been pursuing the three former partners for repayment of loans it granted them for capital contributions ahead of the firm’s collapse in 2012
11/21/2013
Clifford Chance London head Bickerton runs unopposed in second term
The poll will close at the end of next week when Bickerton is expected to take up a second four-year term.
11/21/2013
Stephenson Harwood records 10 per cent revenue uptick at half-year point
We’ll focus primarily on growing our existing network, but we wouldn’t rule out opening any new offices in future.
11/21/2013
Osborne Clarke reveals 12 per cent turnover rise at half-year point
The first half of the financial year has been a period of investment for the firm.
11/21/2013
European Banks Legal Tab Tops $77 Billion as Probes Widen
The penalties come as regulators require firms to set aside more funds to strengthen finances and as executives look for ways to boost shareholder returns even amid lower revenue.
11/20/2013
FCA freezes assets of suspected boiler room
As well as the asset freeze (which prevents the firm from selling its assets) the court order also stops FCW from selling investments regulated by the FCA.
11/20/2013
Modelling integrity through culture by Martin Wheatley
Speech by Martin Wheatley, Chief Executive of the FCA, at the FCA Markets Conference 2013.
11/20/2013
City Regulator Takes Action Against Former Co-op Bank Directors
The Financial Conduct Authority has begun an investigation into the role of former senior directors at the Co-operative Bank.
11/19/2013
How to identify the environmental, social and governance drivers of country risks?
AXA has contributed to the development of a fourth "blueprint" in the CRO Forum's series on managing environmental, social and governance (ESG) challenges in business transactions, focusing on new trends in country risk assessments.
11/19/2013
The Second Coming: MiFID II Due for Arrival
The legislative package that we call MiFID II is actually made up of a Directive and a Regulation, covering a broad range of trading activities, instruments and market participants.
11/19/2013
Hungary competition watchdog fines banks for cartel
GVH launched the inquiry in 2011 into whether major banks colluded when raising the cost of loans offered to households when borrowers were allowed to start repaying their forex mortgages in a lump sum.
11/18/2013
Banking Reform Bill lurches through the Lords
The ring fence amendment, while passed, was not even faintly praised enough to be damned.
11/18/2013
FCA launches gold benchmark rigging review
Britain's financial regulator is looking into whether gold benchmarks could have been rigged.
11/17/2013
Executive summary from the Global Regulatory Outlook report
The last 12 months has been another year of change for the financial services industry. We have begun the move from inter- and intranational debate about the shape and purpose of regulation, to a period of understanding the implications for business follo
11/17/2013
69pc of Brokers Feel Prepared for MMR
Of the brokers polled at IRESS’ mortgage and protection roadshows in October
11/17/2013
Banks' Book-Keeping Leaves Investors in the Dark - Watchdog
Big variations in how major European Union banks do their accounts can leave investors guessing over their financial health and could also undermine financial stability
11/17/2013
Bernie Ecclestone revealed his 'influence' by calling bank chief Sir Fred Goodwin
A businessman said he mentioned the Royal Bank of Scotland as a possible lender during discussions with motorsport boss Mr Ecclestone eight years ago.
11/17/2013
EU Bank Resolution Rules Should Be Applied Equally - ECB's Mersch
Rules for resolving troubled banks shouldn't favor institutions in economically strong countries, European Central Bank Executive Board member Yves Mersch said Monday.