Archives: Derivatives and Prime Brokerage

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EU Financial Transactions Tax – The Battle Lines are Drawn!

In May 2011 the European Commission published the responses to a consultation paper (PDF) issued in February which asked the European Community to provide its views on the following: whether a new tax on the financial sector should be introduced; if so, what impact the tax would have; and how it should be designed and implemented? In its paper, … Continue Reading

At Least One Big Fish Enters the Murky Regulatory Waters of Social Media

This post was written by Amy J. Greer. While some have suggested that Morgan Stanley’s recent announcement that it will permit its financial advisors to take tentative first steps into the world of social media is nothing but a big yawn, given how fraught the social media world is with potential regulatory land mines, in … Continue Reading

Resolution of Failed Prime Brokers

Most lawyers in Europe advising investment funds and managers will have encountered an overwhelming uncertainty regarding “what happens next?” on September 15th 2008, when Lehman Brother’s UK prime brokerage business went into administration. While at the time there were some temporary measures to deal with the resolution of deposit taking banks (subsequently replaced by the … Continue Reading