Clifford Chance
Long road for standardised Islamic derivatives documentation
A bespoke route
UK FSA plays good cop, bad cop on insider trading
The UK Financial Services Authority is taking a hardline approach to insider trading, increasingly carrying out criminal investigations. But at the same time it is asking firms to work with it by providing information to build a bigger picture of what’s…
Environmental exploitation
Recessions usually spell bad news for the environment. Promises of investment in clean energy and sustainable technology wither away as mediocre returns drive investors to count the cost of easing their conscience. But as pension funds and governments…
Legal eagles
Clifford Chance has been ranked number one in the first annual OpRisk & Compliance survey of law firms engaged in risk and compliance activities for financial services firms. But as the results attest, risk and compliance is a hot area for global law…
Linklaters strengthens Asian securitisation teams
Linklaters has added four more lawyers to its Asian structured finance and securitisation practice, set up earlier this month under Paul Kruger.
Regulatory fines moved into legal risk definition
According to a source close to the Basel Committee on Banking Supervision, the concept of legal risk will be explicitly broadened in the final version of the Basel II document, due out at the end of June – to include fines, penalties and punitive damages…
Clifford Chance to advise on weather risk products
International law firm Clifford Chance has created an environmental and climatic trading group, comprised of weather law specialists, to capitalise on the uncertainty surrounding the EU greenhouse gas emissions trading directive. The directive came into…
Regulators' operational risk definitions criticised
The lack of a common agreement on the definition of operational risk by regulators will cause serious problems for global financial institutions, said Joanna Benjamin, a consultant to law firm Clifford Chance, at a late-November seminar at the firm's…
The derivatives burden
Exchanges
Corporate governance hots up on the continent
Continental European countries are increasing their focus on corporate governance issues.
FOA updates end-user derivatives guidelines
UK trade body the Futures and Options Association (FOA) yesterday launched updated guidelines for derivatives end-users, which take into account electronic trading and the past year’s big US corporate failures.
Quality regulation is key for credit derivatives development, say bankers
Effective regulation emerged as a key theme for the development of the credit derivatives industry, according to an industry discussion forum hosted by inter-dealer broker CreditTrade in London last night.
Market alarmed by French securitisation ruling
A proposal by the Commission Bancaire, the French banking regulator, to change the capital risk weighting system on all French securitisations, has caused consternation among market participants. The proposal, introduced in a bulletin on April 26,…