Game on – consolidation and tougher regulation raise the odds for betting industry GCs
Increased regulation and high-level consolidation have raised the odds for in-house lawyers playing in the gaming and betting industry When…
Regulatory
Sponsored briefing: Navigant’s David Lawler on recent developments in asset-tracing claims
Given the multiplicity of channels available to money launderers and the increasingly sophisticated methods they use to cover their tracks…
‘Another major milestone’: Latham returns to the Magic Circle again in City regulatory push
Latham & Watkins announced today (9 March) that it has continued bolstering its financial services offering in the City with…
DAC Beachcroft takes on Clyde & Co team including four partners
DAC Beachcroft will pick up a team from its insurance competitor Clyde & Co with four partners making the move…
‘It would be ludicrous’: Government launches consultation into second Leveson inquiry
Culture secretary Karen Bradley has announced a new consultation into whether to hold a second part of the Leveson Inquiry…
‘A brave new world’: City firms anticipate further changes after new white collar reforms introduced
City lawyers anticipate more cooperation between the public and private sectors as the introduction of the Criminal Finances Bill into…
FCA fines to companies drop by a third as banking scandals pass, while individual penalties rocket
New figures show while the total value of fines handed down by the Financial Conduct Authority (FCA) has dropped by…
Revealed: SFO records £2.1m spend on Forex investigation
External legal spend hits £330k on dropped inquiry Having closed its investigation earlier this year due to ‘lack of evidence’,…
The finance view: Scaling up – GCs and finance partners get ready for the grind of ring-fencing reforms
Victoria Young assesses the approach to implementation of ring-fencing rules Though the deadline for full implementation is over two years…
Whitehall, Public Sector and Regulatory
Nick Olley: General counsel, Department for Transport Team headcount: 93 Law firms used: Addleshaw Goddard, Allen & Overy, Burges Salmon,…
Half a million documents later: SFO drops forex investigation due to lack of evidence
The Serious Fraud Office (SFO) has dropped its investigation into allegations of rigging in the foreign exchange (forex) market after…
Slater & Gordon UK chief Kinsella retires amid turbulent period for PI group
Australia-listed Slater & Gordon‘s UK chief, Neil Kinsella, has retired and will be succeeded by the firm’s UK head of…
‘Not unexpected’: SFO asks for extra funds for fourth time in as many years
Prosecutors at the SFO have made another request for cash, seeking an additional £21.1m for ‘blockbuster’ cases, after making a…
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…
Toughening up: UK watchdogs clamp down on corporate wrongdoing as fines spike 270%
Regulatory partners expect a busy 2016 as EY figures show UK regulators have ramped up the number of fines and…
Mixed reviews over impact of first SFO deferred prosecution agreement
Corporate crime specialists are divided over the likely impact of Lord Justice Leveson’s approval of the UK’s Serious Fraud Office’s…
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…
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…
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…
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…