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Friday, 26 August 2016

Regulation

Information for stock in Morgan Stanley is displayed above the floor of the New York Stock Exchange

Activist investors take a shine to Morgan Stanley

IFR 2147 20 August to 26 August 2016

Activists may be gearing up to take on the most powerful US banks after ValueAct Capital Management last week signalled that the time may be right, after buying around 2% of Morgan Stanley according to filings with the Securities and Exchange Commission.

Deutsche whistleblower rebuffs US$8.25m SEC award

IFR 2147 20 August to 26 August 2016

A whistleblower who helped reveal false accounting at Deutsche Bank has refused an US$8.25m award from a US securities regulator because of the agency’s failure to punish bank executives, the Financial Times reported last Thursday.

Iceland's national flag and a church are seen in the town of Vik, Iceland

Iceland comes in from the cold

IFR 2147 20 August to 26 August 2016

Reykjavik could soon be a regular destination for ECM bankers if moves to further ease capital controls introduced after the 2008 financial crisis are approved by Iceland’s parliamentarians.

A worker adjusts and cleans the logo of the European Commission at the entrance of the Berlaymont building

Fear of failure rises as MAR tears into syndication

IFR 2146 13 August to 19 August 2016

Debt bankers are warning of a rise in pulled deals as a result of the EU’s new Market Abuse Regulation, which could have a much wider scope than originally thought and is already making investors reluctant to share information with investment banks.

Wall Street sign

Wall St banks ask Fed for five more years to comply with Volcker Rule

IFR 2146 13 August to 19 August 2016

Big Wall Street banks are asking the US Federal Reserve to grant them an additional five-year grace period to comply with a financial reform regulation known as the Volcker Rule, people familiar with the matter said.