Search Results for: PRA
Third of lawyers say no to partnership in favour of work-life balance
May 21st, 2015
Perception of the legal profession’s glass ceiling not seen as a main impediment to law firm leadership roles Work-life balance and stress are the primary reasons lawyers are not aspiring to partnership, new research has found. The 2015 Salary and ...
ECB Modestly Boosts Emergency Lending for Greek Banks
May 21st, 2015
Europe’s central bank extends lifeline to financial institutions, as tense debt talks between Athens and creditors continue The European Central Bank on Tuesday increased the amount of money Greek banks can borrow under an emergency lending program, according to ...
FCA fines Barclays £284,432,000 for forex failings
May 20th, 2015
The Financial Conduct Authority (FCA) has imposed a financial penalty of £284,432,000 on Barclays Bank Plc (Barclays) for failing to control business practices in its foreign exchange (FX) business in London. This is the largest financial penalty ever imposed ...
Six Banks Pay $5.8 Billion, Five Plead Guilty to Market Rigging
May 20th, 2015
Six of the world’s biggest banks will pay $5.8 billion and five of them agreed to plead guilty to charges tied to a currency-rigging probe as they seek to wind down almost half a decade of enforcement actions. Citicorp, ...
Bitcoin: A Remarkable Innovation and Its Limitations
May 20th, 2015
My own sense is that popular interest in Bitcoin peaked about 12-18 months ago. Perhaps that interest will return. But for now, my sense is that Bitcoin represents a remarkable–indeed, a breakthrough–innovation which nonetheless is beginning to show its limitations. Rainer ...
Big Law Firms Winning More of Intellectual Property Work
May 20th, 2015
As disputes over patents, copyrights, trademarks and trade secrets have grown, the nation’s biggest law firms have wrested away much of the lucrative intellectual property litigation work from smaller boutique firms. Last year, the 50 largest firms had 61 ...
Law Firm Survey: Financial Services Professionals Reveals Widespread Disregard for Ethics
May 20th, 2015
Efforts to Reform Wall Street and Fleet Street May be Faltering Labaton Sucharow LLP, which established the nation’s first practice exclusively dedicated to representing SEC whistleblowers, today announced the results of its collaborative survey with the University of Notre ...
ASIC releases first licensing activity report
May 20th, 2015
ASIC today published its first report on its approach to licence applications to help inform businesses and individuals wanting to provide financial services or credit, or register as a liquidator or auditor. Report 433 Overview of licensing and professional registration ...
Russian regulator acting ‘adequately’ as economy stabilizes – IMF
May 20th, 2015
The Central Bank of Russia is taking effective steps to stabilize the national currency and the economic situation as a whole, according to the Deputy Managing Director of the International Monetary Fund (IMF) Min Zhu. “I think the Russian ...
Top EU officials eye deal by end-May as technical-level talks make gradual progress
May 20th, 2015
As Greek government officials expressed their confidence that a deal with the country’s creditors is close, top European officials indicated Tuesday that although there has been progress in negotiations, an agreement is unlikely before the end of the month. ...
