03/17/2015
US SEC Official Says Worries About ETFs and Market Volatility Overblown
Regulators in both the United States and around the globe have ramped up scrutiny on asset managers in general, including leveraged and inverse ETFs.
Legal, Regulation & Compliance
03/17/2015
Nationwide law firm boosts Media and Entertainment team
“Their first class entertainment practice and strong backgrounds in IP law and First Amendment work, will make them valuable assets to our clients across the country, our entertainment department and the firm at large.”
03/16/2015
Citigroup has cleanest Fed test pass of Wall Street rival banks
Citigroup Inc’s plans to return capital to shareholders got the cleanest approval from the Federal Reserve among top Wall Street banks
03/16/2015
US seeking $1bn from RBS and Barclays
The US Justice Department is looking to fine four banks RBS, Barclays, Citigroup and JP Morgan Chase to settle accusations of criminal activity in the currency markets
03/16/2015
Board votes against investing in charter supporter’s hedge fund
In a rare move, the board that oversees the city’s retirement fund for civil servants killed a proposal to invest in a high-yield hedge fund — run by one of the city’s biggest investors in charter schools, sources told The Post.
03/16/2015
Empowering Internal Stakeholders with Flexible Performance Reporting
Transparency is not just a regulatory buzzword. Internally, asset managers are looking for increased accountability and visibility into investment processes.
03/16/2015
Authorities Closing In on Hackers Who Stole Data From JPMorgan Chase
Federal authorities investigating the attack at JPMorgan are increasingly confident
03/16/2015
U.S. Claims Billions from Banks to Settle FX-Rigging Probe
Taking into account the looming settlement, these banks increased their legal reserves in the last quarter to offset any financial implication once the talks are finalized.
03/15/2015
'Remuneration requirements for banks – a global comparative analysis' - Norton Rose Fulbright
This guide is the third in a series that Norton Rose Fulbright has produced on structural banking reform
03/13/2015
FINRA Sanctions N.Y. Firm, Bans Exec
In total, Brookville sold over $1 million worth of interests in Wilshire
03/13/2015
A New Way to Use a Prenup
The agreements are increasingly being used in second marriages between people of equal wealth
03/13/2015
Commerzbank of Germany to Pay $1.5 Billion in U.S. Case
Collectively, the investigations were a magnet for federal and state authorities
03/13/2015
SEC Highlights Priorities and Reminds Private Funds that the AMU is Enforcing Rules on Anniversary
Marking the fifth anniversary of the formation of the SEC Enforcement Division’s Asset Management Unit (the 'AMU'), unit co-chief, Julie Riewe, highlighted the AMU's enforcement priorities for 2015 and reiterated that conflicts of int
03/12/2015
Multinational law firm appoints new US head
The role is designed to further develop the firm’s Global U.S. law offering, enhancing its reputation as one of the strongest and most integrated cross-border U.S. law practices in the market.
03/12/2015
Santander and Deutsche Bank fail US 'stress tests'
Santander and Deutsche Bank have failed a US "stress test" designed to assess whether lenders can withstand another financial crisis.
03/12/2015
U.S. Banks Pass Fed Tests
The Fed said that Bank of America stumbled this year because it had shown weaknesses in its internal controls
03/12/2015
SEC's White Breaks Her Silence on Controversial Waiver Policy
U.S. Securities and Exchange Commission Chair Mary Jo White on Thursday defended the process her agency follows when deciding whether to grant regulatory waivers to companies that break the law
03/12/2015
Former RBS Trader Pleads Guilty in U.S. to Cheating Customers
Matthew Katke, 34, of New York, pleaded guilty to one count of conspiracy to commit securities fraud and will cooperate with prosecutors
03/11/2015
Stress tests proposed for asset management industry
Without more stringent regulation, asset management poses a considerable threat to the financial system.
03/11/2015
HFW continues investment with Partner promotions
Reflecting its international reach and client base, Holman Fenwick Willan has today announced Partner promotions in four of its international offices and in line with its focus on sector specialisation