Search Results for: PRA
The deep freeze – how are the Russia and Ukraine sanctions affecting offshore law firms?
April 29th, 2014
With the impact of EU and US sanctions on Russia and Ukraine stretching far beyond the individuals targeted, Caroline Thorpe examines the effect on offshore jurisdictions, and how law firms are dealing with the pitfalls and opportunities of this ...
Northern Trust Reports SEC Subpoena on Securities Lending
April 29th, 2014
Northern Trust Corp. (NTRS), the third-biggest independent custody bank, said it received a subpoena from the U.S. Securities and Exchange Commission in April related to the company’s securities lending. “Northern Trust will fully cooperate with the SEC in this ...
SRA publishes responses to changes to education and training regulations
April 28th, 2014
The Solicitors Regulation Authority (SRA) has published its response to the 12-week consultation on changes to the education and training regulations. The consultation was launched in December 2013 and closed on 25 February. It represents the first stage of ...
Apple, Google, Intel, Adobe Settle Antitrust Hiring Case
April 25th, 2014
Apple Inc. (AAPL), Google Inc. (GOOG), Intel Corp. (INTC), and Adobe Systems Inc. (ADBE) agreed to pay $324 million to settle an employee lawsuit over claims they conspired to suppress salaries by not recruiting one another’s workers, a person ...
DIFC Event Discusses Sukuk Oversight
April 23rd, 2014
International standard setter the International Islamic Financial Market (IIFM) recently organized an industry consultative meeting on the standardization of Shari’ah-compliant financial certificates, known as Sukuk. The meeting was hosted by the Dubai International Financial Centre (DIFC). The objective of ...
How much is your personal data worth?
April 22nd, 2014
British ministers are looking at changes that will allow HMRC to sell taxpayers’ data to third parties. Putting aside the privacy issues, how much is personal data worth? As this paper reported last week, ministers are considering changes in ...
Cyber Risk: Are Boards the New ‘Target’?
April 22nd, 2014
Directors and officers need to understand how to improve their insurance policy’s response to cyber risk. For any public company, a large data breach, such as the latest Target hack, could be material enough to warrant the filing of ...
Insider Convictions Seen Too Easy in Chiasson Appeal
April 22nd, 2014
What looks like insider trading to one federal judge might not rise to the level of a crime to another. Or, in the case of two hedge fund managers fighting their convictions, to another three judges. Level Global Investors ...
Former Deutsche Bank Salesman Admits Bribery in Tokyo
April 22nd, 2014
Former Deutsche Bank AG (DBK) salesman Shigeru Echigo admitted to bribery charges in Tokyo and said he acted on instructions from his managers, as authorities push brokerages to be more judicious in entertaining clients. At the start of his ...
Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet
April 22nd, 2014
Betting against U.S. government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers. While the losses that their economists predicted have yet to materialize, JPMorgan Chase & Co. (JPM), Citigroup ...
