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European Union - March 26 2012
The European Commission has published a green paper consulting on methods of oversight and regulation of entities and activities that make up the shadow banking system.
United Kingdom - March 14 2012
In the administration of Lehman Brothers International (Europe), the Supreme Court has confirmed that: client money is held on the statutory trust imposed by the FSA's Client Assets Sourcebook 7.7 from the time of receipt by a firm; the money treated as pooled at the primary pooling event (PPE) should be distributed to clients who have a contractual entitlement to have money segregated for them; and the pooling at the PPE includes all client money identifiable in any account of the firm into which client money has been received and is not limited to client money in the firm's segregated accounts.
United Kingdom - May 11 2011
The Independent Commission on Banking (ICB) recently published its interim report on options for reform, setting out its provisional views.
