‘Still monitoring’: Regulator silent on BHS inquiry as hearing continues Matthew Field As MPs seek more documents for the BHS inquiry, the Solicitors Regulation Authority (SRA) said it had not yet taken…
As total white collar prosecutions rise, SFO faces questions around governance arrangements Legal Business Total prosecutions for white collar crime were up by 1% across the last year according to figures from Ministry of…
Comment: Ashurst’s Ben Tidswell argues a volatile risk landscape is a call to arms for modern law firms Legal Business One of the many lasting consequences of the downturn has been a prolonged expansion of the globalised compliance framework. Increased…
‘The worst is over’: S&P report predicts end for mega regulatory fines for banks Legal Business As the UK bank reporting season gets into full swing, a new study says the era of fines, compensation and…
PPI costs drive Co-op Bank’s legal risk expense up 91% Legal Business The Co-operative Bank’s legal risk expenditure almost doubled in 2015 mostly to address issues caused by the mis-selling of payment…
INVESTIGATIONS: Successfully navigating challenging international regulations Legal Business With the growth of enforcement activity worldwide, companies are being forced to create or adapt their internal structures and incorporate…
A job half done for Green QC as UK Serious Fraud Office director signs up until 2018 Legal Business The director of the UK Serious Fraud Office, David Green QC (pictured) has had his contract extended by two years…
BAT calls in Harbottles after Panorama bribery allegations Legal Business Following a BBC investigation that alleged bribery at British American Tobacco (BAT), the FTSE 100 firm has turned to media…
‘Wholly unacceptable’: Simmons & Simmons advises as Barclays hit with record FCA fine Legal Business Barclays turned to Simmons & Simmons for advice during a recent Financial Conduct Authority (FCA) inquiry into deals for wealthy…
‘Like Scotland leaving the UK’: Bank ring-fencing reforms herald big changes Kathryn McCann Further proposals for banking reform issued last month by the Bank of England are expected to cause significant internal restructuring…
Professional Indemnity – There may be trouble ahead Legal Business It feels like 2014 again as the SRA pushes for an upheaval to the PII market amid benign conditions for…
‘It has certainly shown its teeth’: Fraud specialists fear SFO budget cuts put agency’s progress at risk Sarah Downey The Serious Fraud Office’s (SFO) annual report has shown improvements on last year, both in its levels of activity and…
Quindell suspends shares as financial watchdog launches probe into company accounts Kathryn McCann The Financial Conduct Authority (FCA) has confirmed it has launched an investigation into professional services company Quindell, looking at public…
FCA fines triple to £1.5bn in 2014 but drop off expected as regulators switch focus to individuals Legal Business After the landmark fines issued to banks over Libor and foreign exchange market manipulation, the Financial Conduct Authority (FCA) saw…
Simpson Thacher’s Glover: Tied up and tied down – a peculiar way to police the private funds market Legal Business The financial crisis ushered a wave of new regulations aimed at mitigating systemic risk to the financial system. While no-one…
Q&A: Heath Tarbert, US banking partner at A&O, talks competing for regulatory work and if US regulators are setting the pace Jaishree Kalia A year on from his move to Allen & Overy (A&O) from Weil, Gotshal & Manges, US bank regulatory head Heath…
Cultural revolution: will the UK Anti-Corruption Plan create a US enforcement regime? Legal Business Michael West reports on how a shift in enforcement will herald a raft of new advisory work At the tail…
Clifford Chance leads for Barclays in ongoing Forex investigation as regulators levy £2bn fine on five banks Legal Business Five banks have been collectively fined £2bn by UK and US regulators for failing to stop traders from trying to…
‘Cooperating fully’: Freshfields advises Tesco on SFO criminal investigation Legal Business Freshfields Bruckhaus Deringer is set to advise Tesco on the formal criminal investigation by the Serious Fraud Office (SFO) after…
A chance to turn the corner for the SFO but a high-stakes test on ‘blockbuster’ cases could define its fate Legal Business Michael West assesses the prospects for the agency after settlement of the Tchenguiz claims He was always going to have…
