The Financial Services Authority risks putting itself in the firing line for company failures by taking more responsibility for vetting directors, the Chartered Institute for Securities & Investment warned. CISI said on Thursday that the watchdog would struggle to assess boards and that by taking responsibility it risked its reputation if directors led companies into […]

Titan Steel Wheels Ltd v The Royal Bank of Scotland PLC: contractual disclaimers of advisory duties between sophisticated parties upheld in favour of structuring bank – The recent decision of the Commercial Court in Titan Steel Wheels Ltd (“Titan”) v The Royal Bank of Scotland PLC (“RBS”) [2010] EWHC 211 will be welcomed by investment […]

The Bribery Act has been introduced as a result of pressure to reform the law regarding bribery and corruption in the UK as the current law is out of date, ineffective and not suitable for the modern global economy. The purpose of the proposed legislation is to simplify the law on bribery and to allow […]

The Serious Fraud Office (SFO) has published its performance figures for 2009-2010. The figures highlight that the SFO has increased its conviction rate to 91%. Fines against companies have increased to nearly £12 million, from zero the previous year, whilst the sums paid back by defendants to the victims of crime has nearly quadrupled to […]

the following well presented commentary was taken from the RiskMinds 2009 Risk Managers’ Survey. ….It is a truism to say that the better the internal checks and balances in risk management, compliance, internal audit and non-executive oversight (what might be called “the internal regulatory system”), the less additional supervision and enforcement is required by the […]

the following well presented commentary was taken from the RiskMinds 2009 Risk Managers’ Survey. ….It is a truism to say that the better the internal checks and balances in risk management, compliance, internal audit and non-executive oversight (what might be called “the internal regulatory system”), the less additional supervision and enforcement is required by the […]

The Hedge Fund Standards Board (HFSB) has published a revised version of its best practice standards for hedge funds (standards). The HFSB consulted on the revisions to its standards in the areas of disclosure of exit terms, and independent administration and safekeeping, in two consultation papers in July 2009 . The amendments to the standards […]

The Economic Intelligence Unit (2009, “Managing Risk in Perilous Times: Practical Steps to Accelerate Recovery,” London) recently published a white paper admonishing corporations regarding the practical steps necessary to accelerate recovery during these perilous times. The lessons and steps outlined in the report are instructive for corporations of all industries: 1. Risk management must be […]