27 June 2012
And CEO Bob Diamond gives up his bonus – takes some seriously bad news for that to happen – after regulators find that Barclays attempted to manipulate the London Interbank Offered Rate, one of the global benchmarks for interest rates.
Barclays statement here. FSA press release here and Final Notice here. US Department of Justice statement here. From the US Commodities Futures Trading Organisation press release:
read more »
Posted in Financial services and market conduct, Regulators |
Comments Off
27 June 2012
Here is a detailed, 27 page analysis of specific “problems and anomalies” contained in the Companies Act 2006, compiled by the Company Law Committee of the City of London Law Society and the Law Society Company Law Committee. (It also has, as an appendix, a letter discussing the issues raised by Farstad v Enviroco.)
read more »
Posted in Companies Act 2006 and company law |
Comments Off
