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.
Legal, Regulation & Compliance
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.
02/25/2014
EU lawmakers and member states agree bonus curbs for fund managers
EU lawmakers and member states agreed curbs on fund managers' pay similar to new rules for bankers on Tuesday
02/24/2014
Regulating DC pensions: A tale of two umpires
As the Financial Conduct Authority begins its dissection of the UK defined contribution pensions market, the feasibility of having a single regulator to preside over the sector has once again been raised.
02/24/2014
UBS seeks immunity as US and EU probe currency market rigging
UBS is seeking immunity in the US and European Union as part of the global investigation of currency markets
02/24/2014
Speechly Bircham and Charles Russell in merger talks to create £126m firm
If the tie-up goes ahead, the combined firm will consist of about 176 partners and have combined revenues of £125.9m.
02/24/2014
National law firm appoints new Head Of Real Estate
The team is well known in the market and acts for a wide variety of banks, funds and leading property companies.
02/24/2014
Pannone partners face three-year lock-in at Slater & Gordon
Partners who moved to Slater & Gordon as part of its acquisition of Pannone are to be locked into the firm for three years under the stringent terms imposed on the new joiners.
02/21/2014
SocGen Appeals Amount of EU Fine on Euribor Probe
The appeal "relates to the method of calculation used by the European Commission to determine the amount of the sanction imposed on Societe Generale.
02/21/2014
Investors with investments linked to Bernard Madoff
Investors with investments linked to Bernard Madoff may have the opportunity to claim compensation.
02/21/2014
Deutsche Bank Settles Dispute for $1.06 Billion
Deutsche Bank said on Thursday that it would pay more than 775 million euros, or about $1.06 billion, to the heirs of the late media mogul Leo Kirch to settle a long-running dispute over the collapse of his empire.
02/20/2014
Deutsche Bank moves closer to settling Kirch dispute
Deutsche Bank is close to a 900 million euro deal to settle a dispute with the heirs of late media mogul Leo Kirch,
02/20/2014
Withers survey shows need for greater weight to pre-nup and marital property rules
The survey reveals that many jurisdictions recognise and embrace the advantages of autonomy and freedom of choice within marriage and its possible breakdown.
02/20/2014
Investors and Royal Bank of Scotland Agree to $275 Million Settlement
Pension funds-led litigation results in third largest MBS class action payment
02/20/2014
MiFID II forces firms to disclose total investment cost to clients
The passing of the revised Markets in Financial Instruments Directive into law has made it compulsory for UK investment firms to disclose the total cost of their investments to their clients.
02/20/2014
RBS suspends third senior trader during investigation of rates rigging
The inquiry into online communications between traders and allegations of manipulating benchmark currency rates known as "fixings" has seen more than 20 traders at many of the world's biggest banks put on leave, suspended or fired.
02/20/2014
Generali mandates CEO to take legal action against former execs
The decision follows a November request by Italian insurance regulator IVASS to carry out an assessment of actions
02/19/2014
Spain’s biggest lender Santander fined €16.9 mn for mis-selling
Spanish banking has suffered another blow, after its biggest lender Banco Santander was fined €16.9 million for not revealing to some bond buyers “necessary information” ahead of the financial crisis.
02/19/2014
European regulations mean additional costs and pressure to outsource
Two-Way Street