03/20/2013
Standard Chartered in 'wilful' breach apology
Sir John Peace, the chairman of Standard Chartered, has been forced to issue a humbling apology for claiming that the bank had no “wilful” intention to break US sanction rules.
Legal, Regulation & Compliance
03/19/2013
Rothschild Loses Daily Mail Libel Suit Appeal in London
Rothschild lost his bid to replace the chairman and chief executive officer of Bumi last month.
03/19/2013
Dodd-Frank Swap Data Fails to Catch JPMorgan Whale, O’Malia Says
“The problem is so bad that staff have indicated that they currently cannot find the London Whale in the current data files.”
03/19/2013
French budget minister in tax fraud probe resigns
His resignation comes at a sensitive time for Hollande's government as it undertakes a process of redrafting deficit reduction plans vital to maintaining fiscal credibility with France's euro zone partners.
03/19/2013
COBA Project Shelved as MiFID 2 Indecision Scares off Funding
Having taken these positions into account, The COBA Project has concluded that there is insufficient support to pursue implementation as proposed. The COBA Project has been suspended pending the consideration of alternative proposals.
03/19/2013
UBS poised to quit scandal-hit Euribor panel
The banking sector has been rocked by repeated scandals over the manipulation of Euribor and its London-set equivalent, the Libor.
03/18/2013
A&O US financial services regulatory chief exits to join Milbank
While at A&O, he represented some of the largest US and foreign financial institutions.
03/18/2013
FSA fines servicing firm £2.4m for market update failures
The systems and controls failings meant crucial information was not available to investors on a timely basis.
03/18/2013
Deutsche Börse Faces Lehman-Tied Claim
Deutsche Börse AG disclosed that it faces a claim of about €115 million
03/18/2013
UK suspends pension payments to expats in Cyprus
The move will stop more money going into Cypriot accounts
03/18/2013
One of the giants of the French legal system found dead near his private island in Brittany
Figure nicknamed the 'gangsters' lawyer', whose clients included Manuel Noriega, discovered near Brittany island of Boëdic
03/17/2013
Bloxham can challenge decision to revoke stock exchange membership
Bloxham, a limited partnership, was ordered to cease trading by the Central Bank last summer
03/17/2013
Ex-chief of Fraud Office apologises over £1m severance payments
Richard Alderman wrote to the public accounts committee last week to say sorry
03/17/2013
EIOPA and the World Bank sign agreement to develop global insurance sector
Organizations will cooperate on promoting worldwide risk based supervision and fostering consumer protection
03/14/2013
Italian Police Seizes Bulgari's Assets in Tax-evasion Probe
Among the seized assets there were several properties including one in Rome's renowned shopping street Via dei Condotti.
03/14/2013
Gibson Dunn's UK revenue falls despite global growth
Last year the firm represented UBS in realtion to the global regulatory and antitrust investigations connected with the Libor scandal.
03/14/2013
Clifford Chance seals hire of Norton Rose's Diamond lawyer
He led the Norton Rose team acting for Diamond amid allegations last year that Barclays had manipulated Libor.
03/14/2013
Baker Tilly merges offices
Baker Tilly has 26 offices throughout the UK.
03/14/2013
Norton Rose makes litigation and dispute resolution partner hire in Paris
He specialises in litigation and corporate compliance and joins Norton Rose's growing litigation and dispute resolution team from the Paris office of Clifford Chance.
03/13/2013
Spanish Efforts To Combat Tax Fraud Bear Fruit In 2012
According to the Government, revenue from fraud control activity alone increased by 16.9% last year