Wonga to pay £2.6m for ‘unfair and misleading’ debt collection practices Legal Business Wonga, the UK’s biggest payday lender, has entered an agreement with the Financial Conduct Authority (FCA) which will see it…
FCA sets aside £1.7m for Clifford Chance’s insurance industry probe Legal Business The Financial Conduct Authority (FCA) has set aside £1.7m for the independent inquiry being conducted by Clifford Chance (CC) into the…
‘A treasure trove for potential claimants’ – forex scandal to bring windfall of instructions to UK firms Legal Business US class action filed ahead of DoJ findings targets more than a dozen investors UK financial disputes partners are gearing…
FCA turns to Clifford Chance’s Davis over handling of proposed insurance industry review Legal Business The Financial Conduct Authority (FCA) has appointed Clifford Chance‘s senior commercial litigation partner Simon Davis to conduct an independent inquiry…
Regulatory coup: Herbert Smith Freehills hires Deutsche Bank’s global head of compliance David Stevenson In a major regulatory hire for Herbert Smith Freehills (HSF), the top 10 LB100 firm has hired Deutsche Bank’s global…
Showing its teeth: SFO charges Barclays trio over Libor as watchdog publishes new deferred prosecution code Sarah Downey In a move emphasising the increasing efforts of the Serious Fraud Office to overhaul its image, the body announced on…
Regulatory: Embattled SFO requests £19m emergency funding for ‘blockbuster’ litigation Legal Business The Serious Fraud Office’s (SFO’s) somewhat fraught efforts to redefine itself by focusing on higher profile, higher risk complex fraud,…
Post Clifford Chance role for Childs as Financial Reporting Council announce his appointment as Chair Legal Business Clifford Chance (CC) outgoing managing partner David Childs has been appointed by the Financial Reporting Council (FRC) as chair of its…
Regulatory squeeze – JP Morgan sees rare loss after setting aside $9.2bn in legal fees Legal Business As if any reminder was needed of the impact that increased regulation and the continuing fallout from the financial crisis…
From a big bang to a whimper – infighting and calls for reform of regulatory framework Legal Business Caroline Hill and Sarah Downey assess the agendas in the MoJ’s review of regulation The Ministry of Justice (MoJ)’s decision…
Guest post – Opinion: SFO confirms 8 Bribery Act ‘Projects’ – enforcement rhetoric will convert into action Legal Business ‘We have some 68 cases on our books at present, including matters under development in our intelligence section; these include…
Trial begins in the SFO’s first prosecution under the UK Bribery Act Legal Business The Serious Fraud Office’s (SFO’s) long-awaited first prosecution under the UK Bribery Act began yesterday (23 September), as four men from…
Regulatory work: Cadwalader and Cleary face off over Ryanair/Aer Lingus, while Links and HSF advise on PPI compensation pot Jaishree Kalia In a move being watched with interest by M&A lawyers and competition experts throughout Europe, the Competition Commission (CC) has…
Shock and Flaw – is Leveson workable? Legal Business Born of an inquiry into a scandal-hit industry and mired in controversy – the cross-party deal on press regulation promises…
FSA scrutiny increases financial service practitioners’ workload Legal Business Financial regulation partners are now in even higher demand as financial institution clients panic after the Financial Services Authority (FSA)…
Sum of all Fears – Risk Management Survey Part 2 Mark McAteer Despite the perceived threats brought about by regulatory changes and law firm collapses in 2010, our survey shows that the…
City Limits – Risk Management Survey Part 3 Mark McAteer With risk management teams struggling to cope with cost and time pressures, the move to outcomes-focused regulation is stretching resources…
