Legal

KPMG: get to the core of your customers to promote business growth

By understanding what the core needs of customers are, financial CFOs are able to redesign client expectations by devising niche practices that best suit all parties

To become more effective and provide greater value, most finance organisations are striving to better understand business, provide relevant analysis and insights, and enable strategic decisions. But in today’s world, these capabilities are just the tabl...

In what has become yet another record-breaking settlement, the Bank of America has agreed to pay $17bn after claims it was dealing in ‘toxic assets’. But, despite the hefty price tag, the bank is still facing criminal charges

Embattled BoA faces fresh challenges

In what has become yet another record-breaking settlement, the Bank of America has agreed to pay $17bn after claims it was dealing in ‘toxic assets’. But, despite the hefty price tag, the bank is still facing criminal charges

Over the past two years, US authorities have not been shy about dishing out sizeable fines to banks and institutions found guilty of financial bad practice in the months and years leading to the meltdown of 2007. But, until now, none of the settlements im...

The way in which sovereign bonds are managed could soon change, as so called ‘vulture funds’ continue to destroy the market. What happens to the already written debt? Joseph Stiglitz and Martin Guzman discuss

Argentina’s debt dispute spawns SDRMs consensus

The way in which sovereign bonds are managed could soon change, as so called ‘vulture funds’ continue to destroy the market. What happens to the already written debt? Joseph Stiglitz and Martin Guzman discuss

In the midst of the on-going dispute between Argentina and the ‘vulture funds’ that hold its bonds, a broad consensus has emerged concerning the need for sovereign-debt restructuring mechanisms (SDRMs). Otherwise, US Federal Judge Thomas Griesa’s ru...

World Finance speaks to Steven Steger, Founder and Managing Partner of Global IP Law Group, about how intellectual property rights are a crucial part of ensuring investment in innovation

Global IP Law Group: patent rules do more than just protect innovators

World Finance speaks to Steven Steger, Founder and Managing Partner of Global IP Law Group, about how intellectual property rights are a crucial part of ensuring investment in innovation

Intellectual property rights have increasingly come to the fore, as the music and pharmaceutical sectors rally around protecting their interests. World Finance speaks to Steven Steger, Founder and Managing Partner of Global IP Law Group, about how patent ...

Since regulatory initiatives were brought in to restrict financial crimes, free markets are struggling to keep up with compliance rules

Compliance overload: finance regulations are damaging free markets

Since regulatory initiatives were brought in to restrict financial crimes, free markets are struggling to keep up with compliance rules

It is no surprise that the move towards more onerous anti-money laundering and information exchange procedures has significantly increased transaction costs for everyone in the finance industry. The concerning new development is that the costs are beginni...

Canada has been on a torturous road to unify its securities regulatory systems. Now, the central government is one step closer to a Cooperative Capital Markets Regulator

Canada set for unified securities regulatory systems

Canada has been on a torturous road to unify its securities regulatory systems. Now, the central government is one step closer to a Cooperative Capital Markets Regulator

It appears that Canada is tying the last loose ends before its dream of a unified national securities regulator becomes a reality. Saskatchewan and New Brunswick have become the latest additions to the roster of provinces that have signed up to the unifie...

‘Dark pools’ have been used for trading purposes since the 1980s, but following a number of investigations into leading financial institutions, they are set to become much more high-profile

Why everyone’s talking about ‘dark pools’

‘Dark pools’ have been used for trading purposes since the 1980s, but following a number of investigations into leading financial institutions, they are set to become much more high-profile

Many investors could be forgiven for having a knowledge gap when it comes to knowing what ‘dark pools’ are. The June 2014 announcement from New York State Attorney General, Eric Schneiderman, that he was launching a probe into the activities of Barcla...

American economist Paul Volcker gave attendees at last year’s International Bar Association annual conference a unique insight into finance, corruption, and the rule of law. The following is an edited transcript of his keynote address

Volcker addresses corruption at International Bar Association conference 2013

American economist Paul Volcker gave attendees at last year’s International Bar Association annual conference a unique insight into finance, corruption, and the rule of law. The following is an edited transcript of his keynote address

“I wondered about how a semi-retired financial guy like me is equipped to keynote an expert panel on corruption and the rule of law, but then, as I thought of the developments in the financial world recently, maybe it’s obvious that I have a certain e...

The US Government-led crackdown on tax evasion is making it increasingly difficult for international firms to cater to US clients. With FATCA regulations compounding the situation, it’s about to get a whole lot worse

FATCA law makes firms reluctant to trade with Americans

The US Government-led crackdown on tax evasion is making it increasingly difficult for international firms to cater to US clients. With FATCA regulations compounding the situation, it’s about to get a whole lot worse

The world recently took another step towards a unified personal tax-collection regime when Singapore agreed to the US Foreign Account Tax Compliance Act (FATCA) – it is the 48th country to do so. FATCA is fast becoming the world’s point of reference w...

LEI promotes transparency across financial markets

The Legal Entity Identifier (LEI) has been devised to provide financial institutions with a greater understanding of corporate entities. Once finalised, it could greatly reduce cross platform risk exposure

The LEI is well on its way to establishing more transparency around financial transactions and markets. Its implementation will highlight some specific data management challenges, but its benefits for financial institutions and firms are wider reaching th...

World Finance interviews Antonio Giacomini, Partner at Andrioli, Giacomini, Porto e Cortez Advogados law firm, to find out about the global implications of the Clean Companies Act

Clean Companies Act: Andrioli, Giacomini, Porto e Cortez Advogados on its global implications | Video

World Finance interviews Antonio Giacomini, Partner at Andrioli, Giacomini, Porto e Cortez Advogados law firm, to find out about the global implications of the Clean Companies Act

Brazil's new Clean Companies Act came into effect in January of this year. Under the new law companies can be fined up to 20 percent of their gross annual revenue, if found liable of corrupt activities. World Finance speaks to respected lawyer Antonio Gia...

With austerity measures firmly in place throughout Europe, global leaders have been addressing whether these changes to the economic framework have been effective, and to what extent this impacts on the legal profession

IBA: legal world responds to economic austerity measures

With austerity measures firmly in place throughout Europe, global leaders have been addressing whether these changes to the economic framework have been effective, and to what extent this impacts on the legal profession

As the ramifications and effects of the global financial crisis continue to expand and act as catalysts of further instability – particularly in the financial markets almost eight years later – the gathering of more than 5,000 legal practitioners, bus...

The Swiss bank has agreed to a $2.6bn settlement with US authorities, becoming the first major financial firm to plead guilty to criminal charges for 20 years

Credit Suisse pleads guilty to tax evasion charges

The Swiss bank has agreed to a $2.6bn settlement with US authorities, becoming the first major financial firm to plead guilty to criminal charges for 20 years

The Zürich-based financial services firm has lodged a guilty plea for helping American clients evade taxes as part of an “extensive and wide-ranging conspiracy”, so-called by Attorney General Eric Holder. As a consequence, the bank has agreed to pay ...

If prostitution is the oldest profession in the world, lobbying is the second oldest – power and influence have always gone together. But as the political arena evolves, so too must the tools available to lobbyists

The evolution of political lobbying

If prostitution is the oldest profession in the world, lobbying is the second oldest – power and influence have always gone together. But as the political arena evolves, so too must the tools available to lobbyists

It has long been the accepted discourse that corruption is the reserve of poor and developing nations that lack robust legal frameworks. Developed, industrialised nations suffer less from this malaise, but instead operate on a much more sophisticated syst...

The conclusion of BP’s multi-billion dollar civil court case is to enter its third and final phase in January, marking another step on the way to reputational recovery

The BP oil spill disaster: a timeline of events

The conclusion of BP’s multi-billion dollar civil court case is to enter its third and final phase in January, marking another step on the way to reputational recovery

On the evening of April 20, 2010 a methane gas release triggered an explosion on the BP-run Macondo Prospect site and, for 87 days, oil was expelled over 68,000sq m of ocean and 16,000 miles of coastline off the Gulf of Mexico. The now infamous Gulf of M...

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