Legal
Legal woes drain Barclays' capital
A $2 billion fine from the US Department of Justice contributed to a 60bp CET1 capital ratio decline
Brexit: banks take the ‘no’ out of novations
Swaps clauses stop end-users blocking counterparty switch, making it easier to move trades to EU affiliates
Derivatives close-out netting nears approval in India
Legislation expected early next year will clarify that local banks can use technique, say lawyers
Basis risk looms for insurers in Libor transition
UK insurers may need to pay more and run basis risk to hedge interest rates after transition
Banks claim front-office content is safe from Mifid II
Work of ‘desk analysts’ is not research, banks argue; lawyers are not so sure
Monthly op risk losses: Aequitas faces $192m loan settlement
Breakdown of top five loss events, plus ECB’s Ireland fine and mortgage losses in Spain. Data by ORX News
Rethinking risk management in the age of cognitive computing
Content provided by IBM
Swap 4175: how a hedged loan became a €600m dispute
City of Linz v Bawag case underlines risks in municipal derivatives
Law firm of the year: Stephenson Harwood
Small is beautiful for the regulatory litigation practice, representing banks in high-profile cases
Response to banker recklessness needs work – lawyers
Current offence under Financial Services Act 2012 is "unprosecutable"
Investors unwise to rely on side-letter transacted with manager
Caymans court: question manager's authority and letter’s interaction with fund constitution
EU SFT rules on collateral consent create legal conundrums
Reuse, title transfer, reporting and derivatives in scope scrutinised
How to kill a zombie - before regulators step in
What to do with funds holding illiquid assets past their original maturity date
Beneficial ownership of assets under scrutiny in divorce
Disclosure orders lift corporate veil against third-party businesses
Energy traders ignore legal risk at their peril
Legal risk can be disastrous but is hard to tackle, argues Kaminski
Cayman insolvencies favour activist investors
Active role in liquidation can generate additional returns
Madoff case: no precedent to excuse directors
Non-execs should still challenge dominant directors
Hedge fund service provider rankings 2013 reveal surprises
Service provider rankings 2013 provide surprises
SEC under fire over no-fault settlement agreements
An open verdict
Hedge Funds Review Service Provider Rankings 2013 open for voting
Hedge Funds Review Service Provider Rankings cover a wide range of services including prime brokerage, fund administration and accountancy. They give an insight into what managers and investors value
Law firm of the year: Davis Polk & Wardwell
Law firm of the year: Davis Polk & Wardwell
English court decision highlights difference with Cayman law
Derivative claims are a way for fund investors to sue a fund’s manager. A recent English court decision highlights the contrast between limited partnership derivative claims in England and in Cayman
Special report Malta 2012/2013: Dawn of a new era
Malta is poised for growth as EU legislation on the alternative fund industry comes into effect in July 2013. Elections scheduled for March 2013 could also boost growth of financial services.
Ranking results highlight important role played by service providers in hedge fund industry
Service Provider Rankings 2012