Global Investigations Review - The law and practice of international investigations

Financial services misconduct

UK economic crime report “does nothing” to address resourcing concerns

UK economic crime report “does nothing” to address resourcing concerns

July 12, 2019, GIR

The UK government’s new proposal to fight economic crime has been criticised for failing to address inadequate resources and handing financial institutions an influential role in policy making.

FCA “taking on more work than it can handle”

FCA “taking on more work than it can handle”

July 10, 2019, GIR

The caseload at the UK’s financial regulator has risen by 31% over the past year, leading lawyers to question whether the agency is investigating more cases than it can effectively manage.

Convicted Euribor trader says UK breached European human rights convention

Convicted Euribor trader says UK breached European human rights convention

July 01, 2019, GIR

Former Barclays trader Philippe Moryoussef has taken his fight against an eight-year prison sentence for rigging the Euribor benchmark to the European Court of Human Rights.

SEC punishes KPMG over “astonishing” misconduct

SEC punishes KPMG over “astonishing” misconduct

June 17, 2019, GIR

The US Securities and Exchange Commission has fined KPMG $50 million as part of an ongoing probe after finding that former senior executives stole information from an industry watchdog.

Deutsche Bank to comply with Trump-related subpoenas

Deutsche Bank to comply with Trump-related subpoenas

May 23, 2019, GIR

A US federal judge in Manhattan has dismissed a request from President Donald Trump to block Deutsche Bank from complying with congressional subpoenas seeking his financial records.

SFC’s Canadian enforcement director gets second term amid diplomatic spat

SFC’s Canadian enforcement director gets second term amid diplomatic spat

May 07, 2019, GIR

Tom Atkinson has secured second term as executive director of enforcement at Hong Kong’s Securities and Futures Commission despite concerns that China would derail his leadership challenge.

UK financial regulator's caseload continues to expand

UK financial regulator's caseload continues to expand

April 18, 2019, GIR

The UK Financial Conduct Authority has opened over 200 investigations in the past six months amid concerns about the regulator’s capacity to handle its record-breaking workload.

People News: UK DPA judge set to retire

People News: UK DPA judge set to retire

April 11, 2019, GIR

In the latest people news round-up, Dame Victoria Sharp is to replace Sir Brian Leveson as the first woman President of the Queen’s Bench Division in the UK and a senior White House lawyer joins Norton Rose Fulbright

Maple Bank sues Freshfields in Germany over cum-ex transactions

Maple Bank sues Freshfields in Germany over cum-ex transactions

April 03, 2019, GIR

Freshfields Bruckhaus Deringer is facing a lawsuit from Canadian lender Maple Bank for allegedly providing the bank with incorrect advice on dividend stripping trades it is currently being investigated over.

Two out of three ex-Barclays bankers convicted in Euribor trial

Two out of three ex-Barclays bankers convicted in Euribor trial

March 28, 2019, GIR

A London jury has convicted retired Barclays executive Colin Bermingham for conspiring to manipulate the Euribor benchmark, two days after his former colleague was also found guilty.