There's been a flurry of regulatory activity in the UK and Europe over the past few weeks. Here's a look at the highlights.
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European Union, United Kingdom, Banking, Capital Markets, Company & Commercial, Environment & Climate Change, Insolvency & Restructuring, Insurance, Cadwalader Wickersham & Taft LLP, Libor, ESG, Financial Conduct Authority (UK), International Organization of Securities Commissions, Solvency II Directive (2009/138/EU)
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MF Global UK Limited In Special Administration
The Financial Services Authority (“FSA”) has confirmed that MF Global UK Limited (“MF Global UK”) has entered the Special Administration Regime created under the Investment Bank Special Administration Regulations 2011 (“Regulations”).1 MF Global UK is the first investment bank to enter the Special Administration Regime. The decision to apply for special administration was initiated by the board of MF Global UK.
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