13 March 2015
Magna Carta: A celebration of rights but the challenges still remain
The Magna Carta reaches its 800th birthday this year. Multiple celebrations are planned for this milestone including a march by Justice Alliance which took place on 23 February to celebrate the rights enshrined in the Magna Carta.
6 March 2015
FCA Thematic Review: asset management firms and the risk of market abuse
The Financial Conduct Authority (FCA) has recently published a Thematic Review “Asset Management firms and the risk of market abuse.” The purpose of the review was to examine how asset management firms control the risks of insider dealing, improper disclosure and market manipulation. The primary focus of the review was on equities and insider dealing.
6 March 2015
The DOJ and CFTC dig deeper in precious metals market investigation
It has recently been reported that 10 Banks are under investigation by the US Justice Department (“DOJ”) and CFTC for irregularities and potential price fixing in the precious metals market, comprising the gold, silver, platinum and palladium markets. The London Gold Fix, an almost century old benchmark, fixed twice a day by 4 banks in London first came under the microscope in 2012 following investigations into the Libor and FX market manipulation scandals.
5 March 2015
Banking Regulation: Senior Managers and Certification Regime – timetable announced plus extension to include UK branches of foreign institutions
A written statement by the Economic Secretary on 3 March 2015 announced the timetable for the introduction of the Senior Managers and Certification Regime (SM&CR) under the Financial Services (Banking Reform) Act 2013. The Government also announced that following a period of consultation it had decided to extend the SM&CR to UK branches of foreign institutions.
4 March 2015
Tough on crime – but not on the causes of crime
On 3 March 2015, The Rt. Hon. David Lammy MP launched a paper through the Policy Exchange entitled “Taking Its Toll: The regressive impact of property crime in Britain.”
- Controlling and coercive behaviour
- Corporate crime
- Corporate manslaughter and health and safety
- Crime and justice
- Cyber crime
- Extradition and international crime
- Financial crime and financial regulatory enforcement
- Fraud
- Internal investigations
- Legal Updates
- Online Safety Regulation
- Police investigations
- Proceeds of Crime
- The Economic Crime and Corporate Transparency Act
- Unexplained Wealth Orders
- Youth crime and justice