05/01/2014
FCA bans former UBS ETF trader over $2.3bn losses
The Financial Conduct Authority (FCA) has banned John Christopher Hughes from performing any function
Legal, Regulation & Compliance
05/01/2014
Client scrummage begins as Dundas and CMS merger goes live
A year after CMS Cameron McKenna first crossed the threshold of Dundas & Wilson with its tantalising proposal, the merger between the two firms has gone live.
04/30/2014
Credit Suisse, BNP Paribas Charges Said to Be Considered
Previous probes have been resolved through so-called non-prosecution and deferred-prosecution agreements, which have been criticized by U.S. senators for failing to hold banks accountable for breaking the law.
04/30/2014
Traders Join Exodus as Forex Probes Add Pressure on Costs
The ranks of foreign-exchange traders are rapidly thinning as a probe into alleged manipulation of benchmark rates widens and pressure mounts on the industry to reduce costs.
04/30/2014
International business and private capital law firm promotes five to partner
The five new partners have been promoted within the firm's highly rated real estate, dispute resolution, private capital and corporate practice groups.
04/30/2014
EU watchdog to clarify sovereign debt ratings rules
He expects the watchdog will clarify some of the rules in the form of a Questions and Answers sheet
04/30/2014
Swatch loses suit against UBS over investments
The group has accused the bank of giving it bad advice on its fund investments
04/29/2014
USS to join UK institutional investors in legal action against RBS
The case relates to a £12bn (€14.6bn) share issue from RBS at the end of April 2008
04/29/2014
Major sports stars sue collapsed Cheshire-based IFA firm
A £300,000 lawsuit was also brought against network IN Partnership
04/29/2014
Leading international law firm Expands London based Restructuring Practice
Move strengthens firm’s commitment to global restructuring offering in Europe
04/29/2014
UK Serious Fraud Office charges 3 former Barclays Bank workers in Libor investigation
With Monday's action, a dozen people have been implicated in the investigation of LIBOR, which underpins trillions of dollars in transactions worldwide.
04/29/2014
Regulators reveal details of European bank stress tests
European banks will be expected to prove they can survive a 7% drop in GDP under new tougher stress tests unveiled by the regulator.
04/28/2014
The EU Bank Stress Tests Are Coming This Week
Fears of euro zone deflation, emerging markets turmoil and a determination not to repeat past mistakes mean European regulators are likely to come up with the toughest set of tests for the region’s banks that they have ever faced.
04/28/2014
US Prosecutors take forex probe to London
US criminal prosecutors have flown to London to question individuals as part of their probe into the alleged rigging of foreign exchange rates in a sign that the stakes are getting higher for the traders involved in the sprawling probe.
04/28/2014
FCA fines Invesco Perpetual £18.6m for fund management failings
Invesco Perpetual has been fined more than £18m for exposing investors to greater levels of risk than they had been led to expect.
04/28/2014
HSBC's European general counsel Ford to replace Nationwide's Kelly
He has extensive experience within retail, wealth management and commercial divisions, and previously headed the legal team at HSBC's UK retail banking arm.
04/28/2014
FSCS declares 16 adviser firms in default
Cheltenham-based Specialist Solutions Limited received a final notice
04/28/2014
Ex-Barclays New York Traders Charged in U.K. Libor Probe
Three former Barclays Plc derivatives traders in New York were charged by U.K. prosecutors with manipulating Libor, becoming the first U.S.-based bankers to be accused in the British probe.
04/25/2014
RBS to Drop Bonus Plan After British Agency Balks
R.B.S. has sought to bring compensation levels
04/25/2014
Bulgaria’s central bank brings in caps on bankers’ bonuses
The EU decision on bankers’ bonuses has been deeply controversial