07/09/2014
Gibraltar lawyers jailed over £40m client money scam
Three brothers who ran one of Gibraltar’s largest law firms were jailed last week for fraud, four years after their firm, Marrache & Co, was put into liquidation.
Legal, Regulation & Compliance
07/09/2014
Regulators detail new capital buffer for top insurers
Regulators published on Wednesday details of how the world's top nine insurers will calculate their first global capital buffer from 2019 to ensure policyholders are protected in a crisis.
07/09/2014
FCA Hires Ex-Lehman Manager to Advise on Investment Banks
Banks face a probe into how they bundle investment services for clients and execute trades as part of the U.K. financial watchdog’s review of competition in wholesale securities markets.
07/08/2014
Central banks ending era of clear promises, return to 'artful' policy
Western central banks ditching specific forward guidance
07/08/2014
JPMorgan and Danske Among Funds Exposed to Gowex Fraud
JPMorgan Chase & Co. and Danske Bank A/S funds are among investors in Letâs Gowex SA, the Spanish Internet startup that’s filing for insolvency after saying it falsified accounts for at least four years.
07/08/2014
M&A focus needs to turn to integration, says Eversheds’ Robin Johnson
The consequence of this frenzy will be an increased focus on integration to avoid mistakes from the last boom
07/08/2014
Debevoise Names New Counsel in New York and New International Counsel in London
Debevoise & Plimpton has announced that Armando Rivera Jacobo was named Counsel and Alex Parker was named International Counsel to the firm, effective July 1, 2014.
07/08/2014
Norton Rose Fulbright hikes salaries to magic circle levels
The rise means that NQ salaries now match those offered by Linklaters and Slaughter and May.
07/08/2014
U.S. regulators begin settlement talks with Commerzbank, Deutsche Bank - source
Commerzbank had 934 million euros (741 billion pounds) at the end of 2013 as provision for litigation risks
07/08/2014
Keler CCP receives authorization under new European trade execution rules, bringing total to nine
With the authorization of KELER CCP (HU), there are now nine CCPs authorized under EMIR
07/08/2014
Ex-JPMorgan trader contests UK regulator's 'Whale' findings
The French national was accused of participating in a conspiracy to hide losses within JPMorgan's Chief Investment Office in London
07/08/2014
FCA’s new mandate could be ‘very expensive’ for firms
Law firm partner warns competition regulation and the principles of competition law will be “increasingly important”.
07/08/2014
FSCS sounds alarm over pension advice and passporting
The Financial Services Compensation Scheme has raised concerns over the increasing number of claims it has received relating to pension advice and passporting.
07/07/2014
Roadmap for reform quietly unfolding across the City
The recommendations of the Kay Review are gaining traction as institutional investors begin to push for reforms at companies
07/07/2014
Santander boss Ana Botin warns over bank rules
The chief executive of Santander UK warns that implementing the Vickers banking reforms could have potential “unintended consequences” for small firms
07/06/2014
EU banking regulator warns against dealing with bitcoins sans rules
The EBA noted that "a substantial body of regulation" will be required to address these risks.
07/06/2014
Trio of City boutiques team up with Buzzacott to launch professional advisory service
Maurice Turnor Gardner partner Richard Turnor said the alliance members’ practices are complementary as his firm focuses on advising firms on their own M&A.
07/04/2014
JPMorgan Said to Have Unwittingly Helped BNP’s Transfers
The Paris-based bank relied on a legal memo that suggested using a U.S. bank might protect it from sanctions penalties, according to the statement of facts filed by prosecutors in New York.
07/04/2014
Small funds on FCA umbrella platforms could be hit by AIFMD
This is going to pose a challenge for smaller hedge funds
07/04/2014
EU sets date for MiFID II as transparency debate intensifies
Regulator the European Securities and Markets Authority has already tasked TABB Group and two other consultant firms with gather data and views from banks, asset managers, exchanges and other market participants about the impact of MiFID II. One of the co