09/17/2013
JPMorgan to pay £500m settlement for London Whale scandal
The blue blooded investment bank is close to settling investigations into its £3.9billion London Whale losses
Legal, Regulation & Compliance
09/17/2013
Banks Face Fines for Benchmark Safeguard Breaches in EU Plan
Banks risk fines as high as 10 percent of their yearly sales for failing to set up adequate safeguards to combat benchmark rigging
09/17/2013
U.K. FCA Probing Two Firms Over Life Insurance Sales Violations
U.K. FCA Probing Two Firms Over Life Insurance Sales Violations By Suzi Ring - Sep 18, 2013 3:40 AM PT Facebook Share Tweet LinkedIn Google +1 0 Comments Print QUEUE Q The U.K.’s markets regulator is investigating
09/17/2013
Transparency Demands Forcing Alternative Managers to Change
Alternative asset managers are being forced to step up their game due to the increasing sophistication of institutional investors, according to research from State Street.
09/16/2013
Big British investors consider suing RBS over share offer
Thousands of shareholders are already claiming more than 4 billion pounds from RBS
09/15/2013
Ex-BLP Partner Surfaces Somers at DLA Piper
Another former Berwin Leighton Paisner (BLP) big-hitter has arrived at a rival firm, with the former Managed Legal Services head Patrick Somers joining DLA Piper today.
09/15/2013
Barclays Braced For Fine Over Qatar Deals
Barclays is seeking to raise almost £8bn from investors through a combination of new shares and bonds
09/15/2013
HSBC Joins Morgan Stanley in Plan to Screen for Money Laundering
The service will allow banks to start new trading relationships faster and cut costs by sharing expenses, according to the statement.
09/15/2013
Devereux Chambers announces the arrival of tax specialist
Devereux Chambers continues to expand its pool of specialist tax counsel with the arrival of Jolyon Maugham from 11 New Square.
09/14/2013
Esma to be stripped of power to ban short selling
The legal opinion is non-binding but the ECJ normally agrees with the advocate general
09/14/2013
Axa Wealth fined £1.8m over advice failures
AXA fell short of its responsibilities to its customers, many of whom were elderly, retired and financially inexperienced
09/12/2013
Stephenson Harwood Advises Baker Tilly on acquisition of RSM Tenon Group
The acquisition completed on 2 September 2013.
09/11/2013
Advisers back Garnier over RDR review
Advisers say they would warmly welcome any Treasury select committee review on the impact of the RDR but stress that any inquiry needs to allow time for the initiative to bed in.
09/11/2013
KPMG Warns Over £50 Billion ‘Basel 4′ Capital Hole
The latest salvo in the leverage ratio lobbying battle was fired Thursday by KPMG – with the consultancy group warning that major U.K. banks may have raise £50 billion ($78.5 billion) in capital as regulators look to restrict the size of thei
09/11/2013
EU makes Libor rigging punishable with fines and bans
The market abuse rules are also extended to cover electronic trading such as "high-frequency"
09/11/2013
Deutsche Bank ordered to rehire traders unlawfully sacked in Libor probe
Deutsche Bank has been told to rehire four traders who were unlawfully fired as part of the lender’s investigation into the manpulation of interest rates.
09/11/2013
UK wins victory over EU short-selling rules
The UK has reached legal milestone over short-selling rules in the European Union
09/10/2013
Lloyds Banking Group raids Swiss Private Bank for disputes chief
The day after customers of Lloyds TSB saw the bank split from its parent company in one of Britain’s most high-profile banking shake-ups.
09/10/2013
Pinsent Masons bolsters insurance disputes team with double hire
International law firm Pinsent Masons has strengthened the firm's financial services offering
09/10/2013
BLP lawyer heads in-house at Ashby Capital
Real estate investment fund Ashby Capital has recruited a former Berwin Leighton Paisner corporate associate Tom Hill as in-house legal counsel.