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European Union - March 25 2014 The MiFID revision comprises a recast Directive (MiFID 2) and a new Regulation (MiFIR). The texts of MiFID 2 and MiFIR were agreed by the European…
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 - September 19 2011 As expected, the Commission has recommended that retail banking be ring-fenced in a separate subsidiary.
United Kingdom - March 28 2011 The Treasury has published an update on its proposed new structure for UK financial regulation.