09/01/2013
RBS refuses to comment on whistleblower claims
RBS is alleged to have been valuing securities on its books at around 90 per cent of their face value.
Legal, Regulation & Compliance
09/01/2013
Linklaters further Strengthens Financial Regulatory Practice
He will work alongside Martyn Hopper, with whom he worked closely at Herbert Smith Freehills and who joined Linklaters in May this year in the firm’s London Financial Regulatory Group.
08/31/2013
Malta one of just 12 EU states that comply with hedge fund rules – KPMG
Countries that have failed to add the AIFMD to their own laws are now breaking European law
08/30/2013
Merkel to press for tighter curbs on hedge funds at G20 summit
The German chancellor used her weekly televised message yesterday to say that it was time to push for faster progress.
08/28/2013
CMB signs MoUs with Securities Regulators of 13 EU Member States and 3 EEA Countries
International cooperation and supervision of cross border transactions are among the indispensible elements of today's financial markets.
08/27/2013
World's top banks on track to meet tougher capital rules
The rules, known as Basel III, are the main global response to undercapitalized banks
08/27/2013
Bakers unveils record results for 2012/13 with revenue topping $2.4bn
The chairman of Bakers’ executive committee Eduardo Leite said revenue growth had been steady across all of the firm’s regions, while the positive financial results reflected both organic growth and expansion into new offices in Casablanca, Li
08/27/2013
FCA snubs EU twice on regulatory guidance
The Financial Conduct Authority has rejected formal EU guidance on financial regulations
08/27/2013
JPMorgan’s former “London Whale” supervisor arrested in Spain
JPMorgan is battling to salvage its corporate image amid a swirl of litigation and investigations in the wake of the financial crisis
08/27/2013
Allen & Overy Advises Joint Lead Managers in Connection with AXA Note Issue
Allen & Overy has advised BNP Paribas, Citigroup, Crédit Agricole CIB and HSBC as joint lead managers in connection with the issue by AXA of $850m
08/26/2013
Financial Conduct Authority publishes preliminary findings of review into mobile banking
The Financial Conduct Authority has published a report exploring some early findings of a review into mobile banking services
08/26/2013
Sweden plans tougher rules for banks in bid to avoid fresh crash
The country plans to introduce so-called counter-cyclical capital buffers for its banks next year, which will be in addition to other capital requirements.
08/26/2013
Ex-JPMorgan executive released after arrest in Spain
U.S. prosecutors brought criminal charges against him last month in relation to a trading scandal that cost JPMorgan $6.2 billi
08/25/2013
Merkel Says G20 Needs to Push Harder to Control Hedge Fund Risks
It’s not enough to regulate just banks but not hedge funds and shadow banks and I’ll fight for that
08/24/2013
RBS sell-off Delays Run Risk of Fine From Brussels
Delays in the sale of 315 Royal Bank of Scotland branches could prompt Brussels to hit Britain with a hefty fine.
08/24/2013
DIFC looks to Europe for bigger fund role
The DFSA negotiated the agreements with the European Securities and Markets Authority
08/22/2013
Polish regulator may derail Rabobank plans to sell BGZ -sources
The Polish regulator may block the deal as it would not want another well-capitalised bank after Nordea to leave Poland
08/21/2013
Macfarlanes private client partner returns to firm after four years away
He joins from Russell-Cooke where he has been a partner since 2009, having previously trained at Macfarlanes, qualifying in 2002.
08/21/2013
British lenders storm ahead of overseas rivals on transparency
UK Banks are more open and transparent than their foreign counterparts in almost all key areas of financial reporting
08/21/2013
FCA agrees £1.3bn compensation scheme for protection mis-selling
The Financial Conduct Authority (FCA) has reached an agreement with Card Protection Plan Limited (CPP) and 13 high street banks and credit card issuers that will pave the way for redress to be paid to customers who were mis-sold CPP’s Card Protectio