10/28/2013
Swiss Exchange Probes Liechtenstein Bank’s Director Deals
The Zurich stock exchange’s regulatory unit said it’s investigating Liechtensteinische Landesbank AG for possibly breaching rules on the disclosure of management transactions.
Legal, Regulation & Compliance
10/28/2013
FSCS confirms new interim levy for investment advisers as claims soar
The Financial Services Compensation Scheme has confirmed that it will raise an interim levy on investment intermediaries before June 2014
10/28/2013
FCA Fines Rabobank £105m Over Libor Manipulation
The FCA has fined Dutch financial services firm Rabobank £105m for “serious, prolonged and widespread misconduct” relating to Libor manipulation.
10/27/2013
Former Bakers London managing partner wins executive committee role
The firm also shook up its eight-member London management committee earlier this year
10/27/2013
Fund managers face £3bn hit if sell-side research is banned
Asset managers are under pressure to provide greater transparency and accountability in terms of how they pay for the equity research they receive
10/27/2013
Revealed: Citigroup to Shake Up Panel With Reduced Roster
Citigroup will announce details of its eagerly-awaited revamped panel early next month
10/27/2013
PwC Survey Reveals 100% of UK Asset Managers Think There is a Compliance Staff Shortage
A new PwC poll of major UK asset management firms reveals that 100% believe there is a lack of appropriately qualified compliance staff in the market.
10/27/2013
Rabobank faces £600m fine as Libor scandal resurfaces
The bank is thought to be facing fines of more than £600m from regulators on both sides of the Atlantic, who are continuing their investigations into alleged manipulation of the key interest rate.
10/24/2013
SJ Berwin Revamps Real Estate Leadership in Preparation for KWM merger
SJ Berwin has broadened the managerial lineup for its real estate group, as part of the firm’s efforts to line up its practice management structure with King & Wood Mallesons
10/23/2013
FCA: Concerns remain over investment and protection sales incentives
The Financial Conduct Authority says it remains concerned about the use of incentives in investment and protection sales and that issues which can lead to misselling,
10/23/2013
Bond Dickinson boosts private wealth team
The new recruits will join our nationally recognised team of expert advisers who make up one of the UK’s largest Private Wealth practices.
10/23/2013
City regulator unveils plans to regulate crowdfunding
The Financial Conduct Authority has proposed new rules for regulating the crowdfunding and peer-to-peer lending industry.
10/23/2013
Platforms question FCA guidance paper on share conversions
The FCA yesterday issued a guidance paper indicating that it approved bulk coversion.
10/22/2013
FCA naming and shaming: is it right?
Firms under FCA investigation would not be named until it had decided to take action.
10/21/2013
Advisers eye execution-only offerings despite FCA scrutiny
Half of advisers have thought about launching an execution-only proposition following the introduction of the Retail Distribution Review
10/20/2013
Fugitive banker Raoul Weil arrested in Italian luxury hotel
He was arrested at the hotel and he is now being held in prison
10/20/2013
France probes foreign tyrants' wealth
France is delving into what it calls the "bien mal aquis"
10/20/2013
FCA bans and fines two financial advisers
Two investment advisers have been fined a total of £885,000 and banned from financial services by the Financial Conduct Authority (FCA).
10/20/2013
Moody’s Analytics: EBA’s common reporting standards on non-performing exposures and forbearance are important step towards stronger EU banking union
Moody’s Analytics: EBA’s common reporting standards on non-performing exposures and forbearance are important step towards stronger EU banking union
10/20/2013
Linklaters relocates Stockholm PE head following Bagshaw and Youle exits
The pair are set to leave the magic circle firm at the end of December to join the London office of White & Case.