Results for London
- Anti-money laundering update
In recent years the FCA has levied significant fines on banks for having weak anti-money laundering controls. Such fines have ranged from from £525,000 to £8.75m. In addition, in some cases the bank’s money laundering reporting officer has also been fine ...
Resource Article - abi_admin - 10/28/2015 - 10:17 - 0 comments - 0 attachments
- Defined benefit scheme liability management exercises
Many sponsoring employers of defined benefit pension schemes are keen to limit their exposure to the volatility of their scheme’s liabilities and increasing funding deficits. It is open to these employers to carry out a number of liability management exe ...
Resource Article - abi_admin - 10/05/2015 - 10:01 - 0 comments - 0 attachments
- Managing the Psychological Impact of Disruption
For organisations in any industry or sector, disruption can take all too many forms: A radical new technology or business model threatens to make an established entity irrelevant. A scandal puts a business in the media spotlight, driving away customers, ...
Resource Article - abi_admin - 12/15/2014 - 09:28 - 0 comments - 0 attachments
- Use of derivatives by housing associations: model agreements published
On 1 October 2012, new "Policy rules on the use of derivatives by approved public housing institutions" issued by the Minister for Housing and the Central government Sector (the "Minister")entered into effect; these policy rules are d ...
Resource Article - twallace@abiwor... - 09/30/2013 - 11:15 - 0 comments - 1 attachment
- CGSH Alert - FDIC and BoE SPOE Strategy
On December 10, 2012, the Federal Deposit Insurance Corporation (“FDIC”) and the Bank of England (“BoE”) released a joint paper entitled “Resolving Globally Active, Systemically Important, Financial Institutions” outlining a resolution strategy for globa ...
Resource Article - twallace@abiwor... - 09/18/2013 - 14:52 - 0 comments - 1 attachment
- Law on dematerialised securities enters into force
The law of 6 April 2013 on dematerialised securities entered into force on 19 April 2013. It introduces a legal regime for dematerialised securities, inspired by existing regimes in Belgium, Switzerland and France. Attachment Size ...
Resource Article - twallace@abiwor... - 09/19/2013 - 14:15 - 0 comments - 1 attachment
- First Distribution Expected in Dutch Bankruptcy of Lehman Brothers Treasury Co. B.V. (“LBT”)
Sanctioning of LBT Composition Plan Becomes Final: Following a consent solicitation process (unprecedented in the Netherlands) which ended on 25 January 2013, the LBT Composition Plan, as proposed by the debtor LBT in its Dutch bankruptcy, was accept ...
Resource Article - twallace@abiwor... - 09/19/2013 - 10:22 - 0 comments - 1 attachment
- Crown Jewels — Restoring the Luster to Creative Deal Lock-ups?
The “crown jewel” lock-up, a staple of high-stakes dealmaking technology in the 1980s M&A boom, has been showing some signs of life in the contemporary deal landscape, albeit often in creative new forms. As traditionally conceived, a crown jewel lock ...
Resource Article - abi_editor - 02/20/2013 - 16:49 - 0 comments - 0 attachments
- The “Hindsight” Principle Does Not Apply to Client Money Claims in UK Broker Insolvencies
The High Court in London has held that clients of insolvent UK brokers are entitled to a claim based on the value of their open positions as at the date of entry into administration or liquidation, rather than based on the value actually realised when th ...
Resource Article - abi_editor - 02/20/2013 - 16:25 - 0 comments - 0 attachments
- Fourth-Quarter M&A Surge Spurs Optimism After 2012 Deals Decline
Global mergers and acquisitions rose to the highest level in four years this quarter, as a surge in U.S. deals provided ground for optimism and salvaged what had been the worst year for takeovers since the financial crisis, Bloomberg News reported today. ...
Daily Headline - abi_admin - 12/27/2012 - 12:14 - 0 comments