After years of questions about its future, the U.K.'s Serious Fraud Office won a reprieve this week as the government began hunting for the agency's new leader amid a broader plan to get more aggressive on economic crime. But questions remain about just how independent the prosecutor would be once the government creates a new white collar crime fighter.
The former chief of the predecessor to Britain’s banking regulator testified in a London court on Thursday that he did not pressure Lloyds Banking Group into its 2009 acquisition of HBOS PLC and was acting in line with his statutory duty when he supported the deal.
An influential panel of U.K. lawmakers is calling for a Brexit transition to be implemented in two phases to allow banks, insurers and other financial services time to adjust to their new trading relationship with the European Union after Britain leaves the bloc.
The European Securities and Markets Authority on Thursday updated guidance for banks and central counterparties implementing its derivatives rulebook, the European Markets Infrastructure Regulation, addressing uncertainties on reporting obligations for collateral, indirect clearing and contracts with no maturity.
A frustrated Manhattan federal judge on Thursday pushed the criminal trial of two former Deutsche Bank traders from early to mid-2018, making more time to examine whether the London Interbank Offered Rate rigging case was tainted by testimony compelled in the U.K.
The Financial Conduct Authority has fined a U.K. investment firm £70,000 ($94,000) for failing to publicly disclose inside information required under the European Union's market abuse rules, in the British watchdog's first penalty since the regulation took effect on a company listed on the London Stock Exchange's more flexible market for smaller firms.
Europe’s leading bank regulator took a major step on Thursday toward creating a new market where lenders can help sell off the bloc’s €800 billion ($942 billion) mountain of bad debt.
The European Banking Authority on Thursday finalized how it will maintain an electronic central register of information on all payment services firms authorized by national regulators across the European Union ahead of sweeping new payment rules coming into force across the bloc next month.
Clyde & Co. has hired a financial crime specialist and former Hickman & Rose partner to join its regulatory and investigations group, the firm said Thursday.
The chief judge of the Ninth Circuit on Thursday ordered a judicial misconduct inquiry into U.S. Circuit Judge Alex Kozinski over media reports the judge showed female clerks pornography and committed other acts of sexual misconduct.
Arnold & Porter Kaye Scholer LLP on Wednesday became the latest firm to fall in line with the growing roster of BigLaw firms to offer year-end associate bonuses that align with the scale established by Cravath Swaine & Moore LLP.
The legal industry will see limited growth in demand and increasing consolidation in 2018 as firms face mounting pressures both on pricing and costs, and middle-tier firms in particular will feel the squeeze, according to a report released on Thursday.
Litigation boutique Tanenbaum Keale LLP, which was started this year by a group of veteran Sedgwick LLP partners, announced Thursday that it would expand westward, opening a Seattle office to be led by a product liability partner and former colleague from the soon-to-be-shuttered firm.
Gibson Dunn & Crutcher LLP partner James C. Ho is heading to the Fifth Circuit after a Senate vote Thursday confirmed him to the post as President Donald Trump’s 12th appellate judge confirmed this year.
Attorneys at Cravath Swaine & Moore topped this week’s legal lions list after guiding Disney's newly inked $52 billion deal to buy 21st Century Fox’s film and television assets, while a team of DLA Piper attorneys landed on the legal lambs list after misconduct got them thrown out of Dish Network's trademark suit against a DirecTV retailer.
It used to be that hiring a good law firm was the single most important thing a company could do when facing litigation. You could now make the case that an organization’s most powerful asset in prosecuting or defending a claim is its information, says Linda Sharp, associate general counsel of ZL Technologies and chair of the ACC Information Governance Committee.