The end of the tunnel – litigation and regulatory challenges in financial services

Legal Business teamed up with Simmons & Simmons to discover how financial institutions are coping with the twin threats of regulation and litigation, and assess whether the end is in sight.

If there was ever any doubt about what might be in store for the Volkswagen Group following its recent emissions scandal, a glance at the banking industry over the last five years offers a sobering clue.

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Finance view: The night of the living wills – bank resolution work offers opportunity for FinReg counsel

Michael West reports on the introduction of bank resolution protocols

Financial regulatory lawyers returned from their holidays this year to a lot of calls on one topic – bank resolution. The implementation this year of the EU’s Bank Recovery and Resolution Directive (BRRD) combined with the Greek crisis has pushed an issue that’s been simmering for years back up the list of priorities for bank and investment firms’ legal teams.

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Hard graft – The pan-Europe bribery crackdown

As European agencies turn up the heat on bribery and corruption, we team up with Simmons & Simmons to assess how clients are responding.

Until 1999 German laws allowed for some bribes to be tax deductible. Bribes or grease payments enabled German companies to get ahead overseas, or so many claimed. These payments were viewed as good for business and good for the German economy. At worst, they were a necessary evil.

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Clifford Chance advises Co-Op Bank as it avoids financial watchdog’s ‘substantial fine’

Clifford Chance (CC) has advised the Co-Operative (Co-Op) Bank as the high-street lender avoided a substantial fine following an investigation by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) for breaching listing rules.

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SFO wins ‘significant victory’ in landmark Libor case as trader Hayes found guilty

In a fillip for the Serious Fraud Office (SFO), the first person to go on trial after a global investigation into interest rate manipulation scandal, Tom Hayes, has been found guilty at Southwark Crown Court and convicted on eight counts of conspiracy to defraud.

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