06/10/2013
FCA fines investment firm £121k over client money failures
The firm received a 20% discount on its fine for agreeing to settle at Stage 2 of the FCA’s executive settlement procedure; otherwise Xcap would have been fined £151,136.
Legal, Regulation & Compliance
06/09/2013
Former England cricketer sues Sigma Wealth adviser
He said he had instructed the firm to invest his money for retirement, not gamble it on racy unregulated ventures.
06/09/2013
Chadbourne Announces New Leadership Appointments in EMEA Region
The newly-created role of EMEA Liaison Partner is designed to promote greater communication and foster improved coordination among the firm's international offices outside of the Americas and to accommodate the growing needs of the firm's client
06/09/2013
Chadbourne names new London head following shake up of management roles
Chadbourne & Parke has overhauled a number of key leadership positions in the EMEA region, naming insurance partner Adrian Mecz as the US firm’s new London managing partner.
06/09/2013
UK regulatory consultancy firm appoints Kleinwort Benson exec
She began her career as a forensic accountant and fraud investigator with the Department of Trade and Industry, and has over 20 years experience working in risk management and compliance.
06/07/2013
Monte Paschi Prosecutors Said to Seek Meeting With Botin
Prosecutors probing Banca Monte dei Paschi di Siena SpA’s purchase of Banca Antonveneta SpA have asked Spain for permission to question Banco Santander SA (SAN) Chairman Emilio Botin as a witness, four officials with knowledge of the matter said.
06/06/2013
FFW bulks up London corporate with Eversheds ECM head
Matthews is expected to join FFW in August as a partner in the City’s firm’s London corporate practice and is currently on gardening leave
06/06/2013
Raiffeisen reviews compliance after Stepic affair
Raiffeisen Bank International will tighten up its compliance rules
06/06/2013
SJ Berwin partners gather in Marbella for crunch meeting on KWM merger
SJ Berwin is set to put its potential merger with Asia-Pacific firm King & Wood Mallesons to partners this weekend (8-9 June) for the first partnership-wide discussion on the deal since tie-up talks began.
06/05/2013
Clifford Chance Joins Linklaters in Raising London Lawyers’ Pay
Three of the U.K.’s highest-grossing law firms raised salaries for London lawyers, who can earn as much as 65,000 pounds ($99,000) in their first year after qualifying to practice.
06/05/2013
London threatened by plans to move Libor regulation to Paris
Brussels has drawn up proposals to formalise regulation of a range of pricing structures, from the Libor inter-bank lending rate to benchmarks for oil and gold. Under the plan, Libor would come under the supervision of the European Securities and Markets
06/05/2013
Watchdog fines Sesame £6m for advice failings
THE Financial Conduct Authority (FCA) has fined investment firm Sesame £6m for selling life insurance settlement products known as death bonds to customers without spelling out the risks.
06/04/2013
Barclays executive accused of lying in £140m case
CF alleges Barclays “misused” confidential information the trading house had provided “to their own unfair advantage”, while also breaching “obligations of confidence”.
06/04/2013
Act now to ensure compliance with UCIS ban - Moore Stephens
The FCA have today released their Policy Statement 13/3 confirming the restriction of marketing and distribution to the retail market of risky and complex products now defined as Non-Mainstream Pooled Investments (NMPIs).
06/04/2013
Capital Markets are Unprepared for OTC Derivatives Central - RESEARCH
Results show that 53% of capital markets respondents are not ready to centrally clear interest rate and credit default swaps
06/04/2013
FCA fines Essex-based adviser for unauthorised sales
The Financial Conduct Authority has fined an Essex-based sole trader £63,000 for advising on mortgages despite previously having his permissions stripped.
06/03/2013
Shepherd & Wedderburn adds two partners from Addleshaws and Kennedys
Partner Jonathan Rickard joins from Addleshaws, where he was head of real estate in London.
06/02/2013
Libor-rigging scandal haunts Barclays and Deutsche Bank
Barclays and Deutsche Bank face potentially embarrassing fresh allegations about Libor-rigging in a court hearing set for October.
06/02/2013
Private client teams: Rich tapestry
For many years private client work has been seen as the preserve of a handful of smaller, specialised firms acting for very rich people who live a privileged lifestyle alien to most.
06/02/2013
New global legal practice Norton Rose Fulbright launches today
Transatlantic combination one of the largest in the history of the legal profession