Herbert Smith Freehills LLP | European Union, United Kingdom | 31 Jan 2011
To prevent intra-group contagion (a situation painfully illustrated by the placement of 50% of Lehman Brothers International (Europe)'s client money with a group bank which became insolvent), firms will be subject to a 20% maximum limit on intra-group client money deposits in client bank accounts from 1 June 2011.
Herbert Smith Freehills LLP | European Union, United Kingdom | 23 Nov 2010
The remuneration aspects of the amended Capital Requirements Directive (CRD 3) are required to be implemented in Member States by 1 January 2011.