12/19/2013
Firm fined £1.8million for "unacceptable" approach to bribery & corruption risks from overseas payments
The Financial Conduct Authority has fined JLT Specialty Limited over £1.8million for failing to have in place appropriate checks and controls to guard against the risk of bribery or corruption when making payments to overseas third parties.
12/19/2013
The Financial Conduct Authority has won a legal battle against a Canadian trading platform to enforce a £8 million fine for trading abuse.
12/19/2013
VTB Capital will organize an issue of eurobonds by Ukraine, which will be placed on the Irish Stock Exchange in favor of the Russian Federation, Russian President Vladimir Putin
12/19/2013
Herbert Smith Freehills confirmed today the appointments of Sonya Leydecker and Mark Rigotti as joint chief executive officers.
12/19/2013
Michel Barnier, the European Commissioner for internal markets and services, has banned his department's staff from holding any meetings with bankers
12/18/2013
The spokesman for the prosecutors' office said four people including Sevelda were targets of the investigation, which was first reported by Austria's Kronen Zeitung newspaper online earlier on Tuesday.
12/18/2013
The figures, which are compiled by Thomson Reuters, encompass all deals launched between 1 January and 16 December 2013 that involved a UK party.
12/18/2013
The Financial Conduct Authority is set to see the number of firms it regulates double in 2014.
12/17/2013
The good news is that firms who do invest in mitigating potential future problems will dramatically reduce the likelihood of their involvement in the next Investment Banking scandal.
12/17/2013
Tom Hayes, the former UBS AG and Citigroup Inc. trader, pleaded not guilty to conspiring to manipulate Libor in the first prosecution stemming from a global investigation into rate rigging. Two former RP Martin Holdings Ltd. brokers, Terry Farr and James
12/17/2013
FCA bans former derivatives trader
The Upper Tribunal has directed the Financial Conduct Authority to ban former derivatives trader David John Hobbs from performing any role in regulated financial services.
12/17/2013
FCA bans four for 'disgraceful' failings in relation to occupational pension schemes
Three men have been banned from working in the financial services industry by the Financial Conduct Authority
12/17/2013
The number of new incorporations across the whole offshore region has fallen slightly compared with the previous six-month period but as the number of firms ceasing to trade has also dropped, this has allowed most registries to continue to grow. Many are
12/16/2013
The framework will be applicable to all banks, irrespective of whether they apply the Basel framework's Standardised Approach or an Internal Ratings-Based (IRB) approach for credit risk.
12/16/2013
UBS 'not responsible' to shareholders in rogue trader claim
US shareholders, including two New York based pension funds, claimed UBS officials and then-chief executive Oswald Gruebel had misled investors by frequently touting the bank’s internal controls prior to Adoboli’s fictious trades being reveale
12/16/2013
Partners at KPMG have seen their earnings soar to £713,000 each on average
12/16/2013
The WMA says this would have meant the effective termination of the UK’s Retail Service Provider system, which facilitates cost-effective and safe share trading for around 20 million transactions per year for private clients, trusts and charities.
12/15/2013
Moscow. Russia’s financial regulator revoked the banking licenses of three mid-sized banks Friday as the authorities expand a banking sector crackdown
12/15/2013
Reaching the “crowd” via the internet was first used by music bands in the US more than a decade ago as a way of raising finance in return for rewards such as albums.
12/15/2013
The Bank of England has taken unprecedented action to strip a senior banker of key responsibilities due to concerns over potential conflicts.